This property is no longer on the market
1 bedroom property
Key information
Property description & features
- Tenure: Freehold
- Investment Opportunity
- 1x One Bedroom Flat & 2x Studios
- Two Studios with Tenants in Situ
- Electric Heating
- Off Road Parking
- Close to City Centre
- Potential Income of Over £20,000 PA
We are pleased to offer to auction this fantastic investment opportunity, located on Highfield Road, Coventry. This modern end of terraced property is currently converted into One flat and 2x studios with the ground floor flat being a spacious & modern one double bedroom unit that comes with its own private garden to the rear and has a potential to achieve at least £7,800 PA. To the first floor are two self-contained studios both of which are currently tenanted and achieving £13,000 per annum in total. The property is double glazed with electric heating and has parking to the rear for three cars. Highfield Road is located just a short distance from the City Centre and has access to and abundance local amenities & is well served by public transport.
Please note: Pattinson's have not inspected this property.
Rooms
Location
The subject property is located along Highfield Road, a street running alongside the A444. This property is located a very short distance from Coventry City Centre (1.8 miles), the nearest bus stop Britannia St being only 0.3 mile away. Birmingham Centre located approximately 24 miles away where you can visit popular places such as Birmingham Canals and see popular tourist sites such as Anne Hathaway's cottage and Shakespeare's birthplace.
Accommodation
GROUND FLOOR FLAT - Spacious ground floor flat with its own private garden, in brief the the flat comprises of a large lounge open plan to the modern fitted kitchen with a range of white high gloss units and integrated oven, hob & extractor unit, bathroom with white suite to include bath with shower over and a double bedroom. There is double glazing & electric heating and the garden area is accessed via its own private door to the rear of the property. There is an additional walk in airing cupboard with plumbing for a washing machine.
Dimensions
Lounge - 5.43m x 3.25m
Kitchen Area - 3.04m x 1.46m
Bathroom - 1.70m x 3.01m
Double Bedroom 2.86m x 4.51m
FIRST FLOOR STUDIO FLAT- Accessed via the rear of the property and comprising of a spacious open plan bedsitting room, with dual aspect windows & storage cupboard, fitted kitchen and shower room. The flat is double glazed with electric heating and the power supply is by way of a sub-meter. Tenant in-situ with c...
Tenancy Information
We are advised studio 1 and studio 2 are tenanted at £125 each per week, generating an income of £13,000 per annum. The ground floor flat is currently vacant but can generate an additional £7,800 per annum once tenanted, making the property an ideal investment opportunity.
Tenure
Freehold. Title number WM328597
EPC
Available Upon Request (Rating D).
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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