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2 Bed Terraced House For Sale Honiton Road, Coventry, CV2

£115,000- Terraced

Yield: 8.37%
Modern Auction
1 of 11
Yield: 8.37%
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  • Rental Guide: £640 - £805
  • 2 Bedroom(s)
  • Description
  • Street View
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Key Features

  • Mid Terrace House In Need Of Complete Modernisation
  • Two Bedrooms
  • Gas Central Heating And Double Glazing (as And Where Specified)
  • Spacious Through Lounge/dining Room
  • Large Kitchen Extension
  • Gardens To Front And Rear
  • Garage Space (subject To The Necessary Consents)
  • No Upward Chain
  • Energy Rating Tbc
Last Updated: 21st December 2019

Description

This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, however from the date the Draft Contract is received by the buyers solicitor, the buyer is given 56 days in which to complete the transaction, with the aim being to exchange contracts within the first 28 days. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Reservation Fee of 4.2% to a minimum of £6,000 including VAT, which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by West Midlands Property Auction powered by IAM Sold. (Reservation Fee is in addition to the final negotiated selling price.)

On The Ground Floor -

Entrance Hall - With upvc double glazed entrance door.

Lounge/Dining Room - 7.16 into bay x 3. 52 minimum (23\'5\" into bay x 9 - With upvc double glazed bay window, radiator, feature fireplace with tiled hearth and point for gas fire, under stairs storage cupboard and two wall light points.

Kitchen - 4.49 x 3.80 (14\'8\" x 12\'5\") - With range of base and wall units, roll edge work surfaces with inset one and a half bowl stainless steel sink unit, space and point for electric cooker, space and plumbing for washing machine, space and plumbing for dishwasher, tiled floor, double glazed window, double glazed door leading to rear garden and radiator.

On The First Floor -

Landing - With access to loft space.

Bedroom One - 3.57 extending to 4.50 x 3.22 (11\'8\" extending to - With upvc double glazed window, radiator and wall mounted gas-fired boiler (central heating and hot water).

Bedroom Two - 3.39 x 2.8 (11\'1\" x 9\'2\") - With double glazed window and radiator.

Shower Room - With tiled shower cubicle with shower, low level WC, pedestal wash hand basin, radiator and double glazed window.

Outside -

To The Front - The property is set back from the road behind a low level wall and is laid to gravel, a pathway leads to the entrance door.

To The Rear - The rear garden is laid to gravel with gated foot access leading to the rear service road. There is garage space, subject to the necessary consents.

Nearby Stations

  • Coventry Arena Rail Station (2.1 miles away)
  • Coventry Rail Station (2.2 miles away)
  • Canley Rail Station (3.5 miles away)
  • Bedworth Rail Station (4.1 miles away)

Nearby Schools

  • Lyng Hall School (0.3 miles away)
  • St John Fisher Catholic Primary School (0.3 miles away)
  • Stoke Park School (0.4 miles away)
  • Stoke Heath Primary School (0.5 miles away)
  • Stoke Heath Children's Centre (0.5 miles away)
Agent Details
Payne Associates
312, Walsgrave Road, Coventry, CV2 4BL
Show Contact Number
024 7645 5555

Investment Analysis

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

One&Only Pro are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Sorry, there is limited data available of recent rental listings in proximity to this property.

This rental guide has been estimated based on rental listings with 2 bedrooms in “CV2”.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested