2-bedroom flat · CV4 9BF
For saleListed 7 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** Vacant Possession ** This well presented two double bedroom top floor apartment is available for sale with no onward chain and is currently achieving a rental income of £10,740 per annum so it would make a great investment or an ideal first time purchase should vacant possession be required.
There is a spacious lounge/diner with a balcony overlooking green space, a modern fitted kitchen which is open plan to lounge and features a good range of wall & base units & integrated oven, hob & extractor, principle bedroom with ensuite shower room and the main bathroom has a white suite to include a bath with mixer shower over.
Other features include a boarded loft with ladder, extra storage to the internal hallway, allocated parking space and secure entry phone system.
The apartment has double glazing throughout , electric heating, healthy lease of 107 years and an higher than average energy rating of C.
Hallway - Entrance hallway with two storage cupboards & entry phone.
Lounge/Diner - 4.55m x 3.30m (14'11" x 10'10") - Spacious lounge/diner with a balcony overlooking green space Kitchen - 2.94m x 1.80m (9'8" x 5'11") - The modern fitted kitchen comes with a good range of white fitted wall & base units to include an integrated oven, hob and extractor and is open plan to the lounge area.
Bedroom 1 - 3.39m x 2.85m (11'1" x 9'4") - Double bedroom with ensuite shower room just off.
En-Suite - 1.97m x 1.94m (6'6" x 6'4") - The Ensuite comes with a shower cubicle, W/C & hand wash Bedroom 2 - 2.98m x 3.30m (9'9" x 10'10") - A further good size double bedroom Bathroom - 1.60m x 2.10m (5'3" x 6'11") - The main bathroom features a white suite to include bath with mixer shower over & shower screen.
Tenure (Leasehold) - The agent has been informed that the property is offered leasehold however any interested party should obtain confirmation of this, along with any ongoing associated costs such as ground rent and service charges, via their own solicitor or legal representative.
Any costs stated in these particulars have been provided by the vendor and have not been verified by the agent. Viewing Arrangements - Viewings are strictly by appointment only via Archer Bassett.
Agent Notes. - 1.
Anti-Money Laundering (AML) Regulations – All named purchasers and anyone gifting funds will be asked to produce identification documentation before proceeding to instruction of solicitors and we would ask for your co-operation in order to proceed to agreeing the sale as soon as possible.
2. Source of Funds - All named purchasers and anyone gifting funds will be asked to produce evidence of the source of their funds before proceeding to instruction of solicitors. 3.
These particulars do not constitute part or all of an offer or contract. 4.
Any measurements indicated are intended for guidance only and as such must not be relied upon and any interested parties are advised to confirm any measurements before committing to any offer. 5.
Archer Bassett has not tested any equipment, appliances, fixtures, fittings or services.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Philmont Court, Banner Brook, Coventry
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