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See how verdicts work2-bedroom flat · CV4 9BF
Sold STCReduced £5k (−3.3%) on 26 OctListed 266 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
PROPERTY OVERVIEW This well-presented two bedroom ground floor apartment is an ideal property for either a first-time buyer or an investor, with an estimated rental income of £895 pcm.
Being available to purchase with no onward chain, the property features an entrance hallway, a spacious lounge with French doors, and a kitchen which has a built-in electric hob & oven.
There are two double bedrooms, with the principal bedroom having en-suite facilities, in addition to the part-tiled bathroom with bath and mixer shower.
Access to the property is via a secure entry phone system and there is allocated parking for one vehicle. Viewing is by prior appointment with Xact on .
PROPERTY LOCATION Philmont Court is a modern development on the edge of Coventry with local amenities and is walkable to the local train station with links to Birmingham/London.
The area offers easy access to Coventry and Solihull which provide more comprehensive facilities with surrounding villages of Meriden, Berkswell and Balsall Common a short drive.
The area is also within reach of the M42 to the Midlands motorway network.
EPC Rating: D ENTRANCE HALLWAY 2.3m x 2.89m LOUNGE 3.33m x 4.48m KITCHEN 1.79m x 2.89m PRINCIPAL BEDROOM 2.84m x 3.22m ENSUITE 1.68m x 2.07m BEDROOM TWO 2.86m x 2.88m BATHROOM 1.6m x 1.69m TOTAL SQUARE FOOTAGE 55.0 sq.m (596 sq.ft) approx.
ITEMS INCLUDED IN THE SALE Integrated oven, integrated hob, extractor, all carpets, all curtains and some light fittings.
ADDITIONAL INFORMATION Services - direct mains water, sewers and electricity. Service charge - £1,706.48 pa. Ground rent - £250.00 pa. INFORMATION FOR POTENTIAL BUYERS 1.
MONEY LAUNDERING REGULATIONS - Intending purchasers will be required to produce identification documentation at the point an offer is accepted as we are required to undertake anti-money laundering (AML) checks such that there is no delay in agreeing the sale.
Charges apply per person for the AML checks. 2. These particulars do not constitute in any way an offer or contract for the sale of the property. 3.
The measurements provided are supplied for guidance purposes only and potential buyers are advised to undertake their measurements before committing to any expense. 4.
Xact Homes have not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances. 5.
Xact Homes have not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About Philmont Court, Coventry, CV4
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