2 bedroom Apartment in Coventry

137 Signet Square, Coventry CV2 4NY
  • Lot No: 168
  • Property Type: Apartment
  • Contract Type: Unconditional with Variable Fee

Guide Price* £82,500+ plus fees

Property Description

An investment opportunity to acquire a two bedroom ground floor apartment close to the city centre of Coventry. The property has recently been rented out on an AST and is generating an impressive income of £10k per year (£850 pcm) for 12 months from the 1st May 2025, offering a great return on investment and yield. A modern two bedroom ground floor apartment located in a popular location close to the City Centre. The property has recently been redecorated and has had new carpets throughout. Entrance hallway leading to family bathroom, two bedrooms with the master having built in wardrobes. Open plan lounge and dining area. Fitted kitchen with a built in oven and hob. Allocated parking space. Ideal as an investment as always popular with tenants due to its central location and wide range of local amenities, shops, eateries and transport links.

Leasehold Information

We have been informed by the vendor the ground rent is £120 per annum and the service charge is approx. £1,800 per annum. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.


Additional Information:

Construction Material: Standard Brick. Broadband Coverage: Standard, Ultrafast and Superfast. Mobile signal: O2, Vodafone, EE and Three. Satellite and Cable: BT and Sky.


Draft Sales Details

These sales details are awaiting vendor approval.


Tenure

Leasehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 29th May 2025

Venue National Property Auction
Our national property auction will be broadcast online with live auctioneers. To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

137 Signet Square, Coventry CV2 4NY