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£100,000 Offers over
Bedrooms
Bathrooms
Modern 1-Bedroom Maisonette - No Onward Chain, Vacant Upon Possession - Excellent Location
An excellent investment or first-time buyer opportunity awaits with this well-presented one-bedroom maisonette, located in the popular residential area of Tile Hill, Coventry. Offered with no onward chain and vacant possession upon completion, this property is ready for immediate occupancy-ideal for buyers looking to move in without delay or investors seeking a hassle-free rental opportunity.
Key Features:
Living Room:
Spacious and bright, offering a welcoming environment for relaxation and entertaining. Large double-glazed window allowing plenty of natural light. Modern flooring for a clean and low-maintenance finish. Ample space for a sofa, coffee table, TV unit, and dining area.
Kitchen:
Well-equipped with a range of wall and base units, providing ample storage. Generous worktop space. Integrated oven and hob with extractor fan. Space for a freestanding fridge-freezer and washing machine. Tiled splashbacks and modern fixtures for a sleek, contemporary look. Large window overlooking the rear, providing good ventilation and natural light.
Bedroom:
Generous double bedroom with ample space for a bed, wardrobe, and bedside tables. Built-in storage for added convenience. Large double-glazed window ensures a bright and airy feel.
Bathroom:
Modern three-piece suite, including a walk-in shower, wash basin, and WC. Tiled walls and flooring for a clean and low-maintenance environment. Heated towel rail. Extractor fan for ventilation.
Entrance & Hallway:
Private entrance, providing a sense of independence and security.
Outdoor Space:
Communal garden space with outdoor brick-built storage.
Location & Amenities:
Situated in the sought-after Tile Hill area, offering a well-connected residential setting.
Walking distance to local shops, supermarkets, and amenities.
Excellent transport links with easy access to Coventry city centre and surrounding areas.
Close to Tile Hill Train Station, providing direct routes to Birmingham and London.
Convenient access to A45, M6, and M42, ideal for commuters.
Leasehold Information:
Lease Length: 95 Years Remaining.
Service Charge: 75.00 Per Month.
Ground Rent: 10 Per Annum.
This property is offered with no onward chain and vacant possession, making it a perfect choice for first-time buyers, downsizers, or investors looking for an immediate purchase. Dont miss out-book a viewing today!
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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