1/8
£1,000,000
16 beds · 16 baths
Binley Road, Coventry, CV3 1JE
0 miles
away
Added today eXp UK
1/18
1/18
£175,000
Guide Price 3 bed flat for sale Binley Road, Coventry, CV3 1JE
3
beds 3
baths Flat
Tenure: ask agent
Added today
About this property
An excellent opportunity for investors, this well-presented three-bedroom apartment in CV3 1JE is offered at £175,000 with a share of freehold and an existing tenancy already in place, generating £1,250 per calendar month - equating to a strong 8.6% gross yield. The property comprises a bright and versatile reception room, ideal for relaxing or entertaining, alongside a well-appointed kitchen.
Key features
- NN18171
- Currently tenanted at £1,250 pcm
- 8.6% gross yield at £175,000 asking price
- Three-bedroom apartment, share of freehold
- Three bathrooms
- Immediate rental income from completion - no void period
- Bright, versatile reception room
- Well-appointed kitchen
- Communal parking and communal garden
- Well-connected CV3 location with good access to local amenities and transport links
Location
Binley Road, Coventry, CV3 1JE
- Council tax
- Band D (Approx £2,517/year)The agent has not stated the band, so band D is shown as the local reference: Coventry's 2026/27 area average, including the typical parish precept. The actual band and any discounts change the bill.
Mortgage and stamp duty
Property price £175,000
£87k £263k
Deposit10% £18,000
£0 £175k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years
A £157,000 mortgage. Most lenders would want a household income of about £35,000 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.
Historic sold prices nearby
HM Land Registry sales in CV3 1JE. Floor areas from Energy Performance Certificates where matched.
| Address | Type | Sold | Size | Size | £/sq ft | Price |
|---|---|---|---|---|---|---|
| 31, Binley Road Detached | Detached | Feb 2022 | 1,658 sq ft £217/sq ft | 1,658 sq ft | £217 | £360,000 |
| 41, Binley Road Detached | Detached | Jan 2022 | 2,594 sq ft £189/sq ft | 2,594 sq ft | £189 | £490,000 |
| 33, Binley Road Semi-detached | Semi-detached | Nov 2012 | 1,345 sq ft | 1,345 sq ft | — | £45,000 |
| 41, Binley Road Detached | Detached | Oct 2008 | 2,594 sq ft £146/sq ft | 2,594 sq ft | £146 | £380,000 |
| 27, Binley Road Semi-detached | Semi-detached | Jun 2001 | 958 sq ft £129/sq ft | 958 sq ft | £129 | £124,000 |
| 35, Binley Road Semi-detached | Semi-detached | Jun 2000 | 1,109 sq ft £70/sq ft | 1,109 sq ft | £70 | £77,950 |
| 27, Binley Road Semi-detached | Semi-detached | Nov 1999 | 958 sq ft £74/sq ft | 958 sq ft | £74 | £71,000 |
| 37, Binley Road Terraced | Terraced | Jan 1999 | — | — | — | £60,000 |
Area insights
The neighbourhood around this property.
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