1 bedroom flat for sale For Sale

£90,000

   

ROI = 10% BMV = 16.15%
Description

<p style="margin:0cm 0cm 8pt;font-size:12pt">**Auction Property- CASH BUYERS ONLY** <p style="margin:0cm 0cm 8pt;font-size:12pt">Nestled in the picturesque suburb of Allesley in Coventry, this delightful 1-bedroom ground floor flat is a rare find. While the property requires some modernisation, it presents an exciting opportunity for those looking to downsize or savvy investors seeking to maximise their returns.<p style="margin:0cm 0cm 8pt;font-size:12pt"> <p style="margin:0cm 0cm 8pt;font-size:12pt">Property Features:<p style="margin:0cm 0cm 8pt;font-size:12pt">Layout: The flat includes a spacious bedroom, a bathroom, a functional kitchen, and a comfortable living room.<p style="margin:0cm 0cm 8pt;font-size:12pt">Parking: Comes with an allocated parking space for added convenience.<p style="margin:0cm 0cm 8pt;font-size:12pt">Leasehold Details: Approximately 59 years remain on the lease, with a ground rent of circa £45 per annum and service charge of £840 per annum.<p style="margin:0cm 0cm 8pt;font-size:12pt">Location Highlights:<p style="margin:0cm 0cm 8pt;font-size:12pt">This property boasts an enviable location with excellent transport links:<p style="margin:0cm 0cm 8pt;font-size:12pt">Road Access: Situated on the A45, offering easy connections to the M42 and M6 motorways.<p style="margin:0cm 0cm 8pt;font-size:12pt">Public Transport: Convenient bus routes connect you to both Coventry and Birmingham.<p style="margin:0cm 0cm 8pt;font-size:12pt">Local Amenities: A range of nearby shops, hairdressers, and pubs cater to your everyday needs.<p style="margin:0cm 0cm 8pt;font-size:12pt">Natural Beauty: Enjoy the vast countryside right on your doorstep, with Coundon Wedge and Meridian Park just a stone’s throw away.<p style="margin:0cm 0cm 8pt;font-size:12pt">This property, once updated, holds incredible potential and is not to be missed.<p style="font-size:12pt;margin:0cm">Auctioneers Comments:<p style="font-size:12pt;margin:0cm">This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).<p style="font-size:12pt;margin:0cm">If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.<p style="font-size:12pt;margin:0cm">A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.<p style="font-size:12pt;margin:0cm">The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.<p style="margin:0cm 0cm 8pt;font-size:12pt"><b style="font-size:13px"><p style="font-size:12pt;margin:0cm">Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.  Parking Availability: Yes.

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Property Details
  • Property ID: 87065346
  • Added On: 2025-01-22
  • Deal Type: For Sale
  • Property Price: £90,000
  • Bedrooms: 1
  • Bathrooms: 1.00
Amenities
  • Ground Floor
  • Parking Space
  • Full Double Glazing
  • Oven/Hob
  • Gas Central Heating Combi Boiler