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2 The Quadrant, Coventry, CV1 2EL
£220,000
Bedrooms
Bathrooms
Reception
**NO CHAIN** Suttons Estate Agents is thrilled to present this 4-bedroom property on Tile Hill Lane. With close proximity to Warwick University and Coventry City Centre, this mid-terrace home is ideal for investors or families looking for abundant space and high rental yield potential.
The ground floor welcomes you with a warm, extended layout featuring an entrance hallway that leads to a multi-functional bedroom/lounge. An airy, skylight kitchen comes fully fitted with a gas hob, oven, and appliance space, perfect for daily family meals or meal preps for tenants. A dedicated office/study offers a comfortable work-from-home space, while a convenient ground floor shower room adds flexibility.
Moving upstairs, three additional bedrooms and a modern family bathroom await, designed with easy maintenance in mind.
Outside, front and rear gardens provide ample space for relaxation, and a rear garage adds valuable storage or secure parking. The property has also been recently updated with a 2023-installed boiler, providing peace of mind for energy efficiency.
Ideal for families or investors, this home offers a blend of quality living and investment potential.
Good to know:
The HMO License from May 2019 to May 2024 was surrendered in 2022 as the current owners rented it out to a family. There is currently no HMO license. The property is now vacant.
The property is C3
EPC Rating: D
Council Tax Band - B - 1,786 pa
Internal area: 93 Square meters / 1,001 square foot.
Loft space not boarded, with lighting.
Parking Garage to rear
Floor plan Attached
If rented we estimate 1,350pcm in current condition, if fully renovated we expect 1,500pcm
Boiler installed 2023, and serviced Sept 2024.
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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.
2 The Quadrant, Coventry, CV1 2EL
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