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2 The Quadrant, Coventry, CV1 2EL
£130,000
Bedrooms
Bathrooms
Reception
Located in the sought-after Signet Square development just off Swan Lane, this modern second-floor apartment offers the perfect combination of convenience, style, and investment potential. Within walking distance of Coventry city centre and offering excellent transport links to the M6 and surrounding areas, this is an ideal opportunity for working professionals or savvy investors.
Currently let for 950 PCM, the property delivers a strong gross rental yield of 8.7%, making it an attractive buy-to-let prospect with immediate income potential.
The apartment boasts a spacious open-plan living area that flows into a sleek, modern kitchen equipped with quality integrated appliances including an oven, hob, washer/dryer, and fridge freezer. The space is bright and airy, with a private balcony providing an ideal spot to relax or entertain.
There are two well-proportioned bedrooms, with the master bedroom benefiting from its own private balcony and a mirrored built-in wardrobe for stylish, space-saving storage. The contemporary bathroom is fitted with a bath and overhead shower, offering both comfort and practicality.
Further features include:
Secure communal entrance with intercom buzzer system
Allocated parking space plus additional on-street parking nearby
Energy-efficient with EPC Rating: B
Council Tax Band: A
Low-maintenance, modern living in a popular development
With two balconies, excellent local amenities, and strong transport connections, this property is well-suited to both first-time buyers and investors seeking a high-yield, turn-key opportunity.
Leasehold remaining: 130 years
Ground Rent: 82 PA
Service Charges pa: 1200 PA
Early viewing is highly recommended to avoid disappointment.
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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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