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See how verdicts work2-bedroom flat · CV5 9GZ
For saleListed 19 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Suzanne Regan is proud to present this well-presented first floor apartment, offered for sale with no chain and boasting approximately 99 years remaining on the lease.
Recently redecorated and ready to move straight into, this property would make an excellent choice for a first-time buyer, professional couple or investor looking for a straightforward opportunity in a popular residential location.
The apartment offers two good-sized double bedrooms, providing comfortable and versatile accommodation, while the generously proportioned lounge/diner creates a welcoming space for both relaxing and entertaining.
The separate kitchen provides everything needed for day-to-day living, while the property also benefits from a useful balcony area, offering an enjoyable outdoor space and somewhere to sit and unwind.
Having been recently redecorated, the apartment is presented in a fresh and neutral style, meaning the new owner can move in without the immediate need for significant cosmetic works.
Combined with the absence of an onward chain and the long lease of approximately 99 years remaining, this makes the property particularly appealing to buyers looking for a home that is ready to go.
Current Ground Rent/Service Charges are £849.90 per annum. The property is situated in the popular area of Allesley Village offering a convenient range of local amenities.
The village has a traditional community feel and provides useful everyday facilities including local shops, a pharmacy, medical services and a post office, while there are also cafés, pubs and places to eat nearby.
The area is well served for families too, with local schools and community facilities within the surrounding neighbourhood.
For those who enjoy spending time outdoors, Allesley Park is a particular attraction.
The park provides extensive green space with walking routes, a children's play area, a walled garden and golf facilities, offering plenty of opportunity to enjoy the outdoors close to home.
Allesley also benefits from its convenient position on the western side of Coventry, with access to the wider road network and the A45 providing routes towards Birmingham and beyond.
Coventry city centre is also within easy reach, making the location suitable for those wanting the convenience of city amenities while enjoying the more established and leafy surroundings of Allesley.
This is a fantastic opportunity to acquire a two double bedroom first floor apartment with no onward chain, a long lease and recent redecoration, making it an ideal proposition for a first-time buyer or investor looking for a property that is ready to move into or let without the need for immediate modernisation.
Balcony
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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.
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FAQ
About 54 Packington Avenue, Coventry
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