1-bedroom flat · CV2 3AS
For saleListed 31 days
Opportunity summary
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About
(DM01) Welcome to this spacious second floor one bedroom leasehold apartment, close to excellent local amenities. Walking distance to uhcw Hospital, good local schools and transport links.
Being above commercial premises in a most sought after location with an array of local shops.
Access through secure entry to three apartments, with the communal area being well presented and maintained.
Inner hall leading to a particularly spacious lounge / dining room, currently featuring an electric fire.
Two large windows with bespoke fitted shutters, two ceiling fan lights and neutral decor and sunny aspect.
A generous double bedroom, with two large fitted mirrored sliding wardrobes, offering very spacious storage and rear garden views.
Lovely modern and fully tiled walk-in shower cubical with electric shower, WC, vanity sink unit, and an obscure glazed window and blinds.
The kitchen is fully tiled, featuring fitted base and wall units, space for a washing machine, fridge freezer and electric built-in cooker, hob and extractor fan.
Outside - Parking and Garden Parking available for residents via council permits for owners and visitors at a nominal cost. The owner generally parks directly outside the front of the property.
In addition is a single garage with up and over door accessed by side road and situated at the rear. Rent currently £20 pcm payable to R. K. B.
Properties Opportunity for renting the garage due to proximity to the hospital or local store owner perhaps.
Lawned garden at the rear with gated access, currently underutilised by the residents but a lovely space to relax on a sunny day.
Location Close proximity to Coventry University Hospital, and a short walk to work.
A short drive to country parks and nature reserves, good schools, and superb transport links, shops and amenities etc. Ideal first time buyer home, lease remaining 56 Years.
( There are a small number of potential lenders. Interested buyers should speak to a qualified whole- of market mortgage broker for advise.
It is understood there is an opportunity to extend the lease. Legal advice though solicitors can advise on lease extension to complete simultaneously with the sale.
Investment: This could generate rental income for an investor (Subject to current letting regulations) Good to know Octopus Energy Cavity Wall Insulation Guttering and downpipes replaced circa 2025 Service charges £185 per annum (To be confirmed by legal team) Buildings Insurance currently provided with the landlord circa £100 per annum (To be confirmed by legal team) Energy Performance Certificate - Pending Council Tax Band A Great for healthcare professionals, workers at Jaguar Land Rover and local businesses Ground Floor Entrance Hall A security door gives access into entrance hall and stairs to the first floor where the apartment is situated Lounge / Dining Room Spacious lounge / dining room with dual aspect UPVC double glazed windows with made to measure bespoke on trend shutters.
Well presented and spacious Kitchen Range of base and wall units, electric hob, extractor, electric oven. Space for fridge freezer and washing machine Bedroom Double bedroom with garden view.
Two walls with fitted mirrored wardrobes Communal Garden There is a lawned rear garden with side gate.
One other apartment has shared access Garage Single garage en block, with up and over garage door Inner Hall Entrance door leads to an inner hall Shower Room Refurbished bathroom with corner shower cubical and electric shower.
WC, pedestal wash hand basin. Obscure glazed window
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 3, Norton Hill Drive, Coventry
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