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1 bed flat for sale Upper Spon Street, Coventry

Asking price

£85,000

Added yesterday

Type: Flat
Bedrooms: 1
Bathrooms: 1
Tenure: Ask agent

Key features

• A top floor duplex apartment presented in excellent order
• Offered for sale with a tenant in situ, currently returning a rental yield over 7%
• Benefitting from double glazing and electric heating
• Situated a short walk from the City Centre &and Coventry Railway Station
• Entrance hallway with stairs leading up to the landing, open plan living/dining/kitchen with balcony, double bedroom and shower room
• Early viewing recommended

About this property

A top floor duplex apartment presented in excellent order with far reaching city views, double glazing and electric heating. Offered for sale with a tenant in situ on a rolling contract, the property is an excellent investment opportunity currently returning a rental yield over 7% with scope of more. Ideally located just a short walk from the City Centre and Coventry Railway Station the accommodation briefly comprises; communal entrance with lift to the 8th floor, communal landing with entrance door into the property, entrance hallway with stairs leading up to the landing, open plan living/dining/kitchen with balcony, double bedroom and shower room.

Floorplan

Council tax

Ask agent

Location

Upper Spon Street, Coventry

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Mortgage and stamp duty

Property price £85,000

£43k £128k

Deposit11% £9,000

£0 £85k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £76,000 mortgage. Most lenders would want a household income of about £17,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.