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This property was removed from Dealsourcr.

2 Bed Flat, Refurb/BRRR, Coventry, CV1 5LJ £87,500

1 Lansdowne Court, Paynes Lane - 2 views - a year ago
  1. Deal Search
  2. Coventry
  3. CV1
  4. CV1 5LJ
Leasehold
Refurb/BRRR
ROI: 5%
~53 m²

ValuationFair Value

This may not be accurate, please check manually.

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Links

  • More Deals in Coventry
  • More Deals in CV1
  • More Refurb/BRRR Deals
  • More Refurb/BRRR Deals in Coventry
  • More Refurb/BRRR Deals in CV1

Property History

Price changed to £87,500

February 4, 2025

Listed for £95,000

December 11, 2024

Floor Plans

Description

  • EPC Rating: C +
  • 2nd Floor Flat +
  • 2 Double Bedrooms +
  • In Need of Modernisation & Decoration +
  • Ideal Investment or First Time Buyer Purchase +
  • 80 Years Remaining The Lease +
  • Parking Available +
  • Convenient Location +
  • Council Tax Band: A +

Elite Property is pleased to present this 2-bedroom, second-floor apartment, an excellent investment opportunity or ideal purchase for first-time buyers. While the property requires modernisation and decoration, it offers significant potential. Conveniently located just a few minutes’ walk from Coventry City Centre, it provides easy access to local amenities, shops, and transport links.

The apartment briefly comprises an entrance hallway, a spacious lounge, a kitchen with potential for improvement, two generously sized double bedrooms, and a bathroom. With 79 years remaining on the lease, the annual ground rent is £77.54, and we have been advised that no service charge is payable. However, there is an annual building insurance charge of £390.33.

Currently tenanted and achieving a rental income of £750.00 per month, this property is a fantastic investment. Alternatively, it can be sold with vacant possession and no upward chain, providing flexibility for buyers. Don’t miss this opportunity—contact Elite Property to arrange a viewing today!

Agent Details

Elite, Coventry

024 7542 7562

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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Investment Opportunity

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