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£465,000 Guide Price
  • 9
  • 9

Binley Road, Coventry, CV3 1JA

Property Description

*** DISCREET RAINBOW IN SUPPORT OF THE NHS *** BEING SOLD THROUGH MODERN METHOD OF AUCTION *** READ AUCTION DETAILS BELOW *** A very substantial end terraced investment property occupying a large plot, situated in this relatively central location, within easy walking distance of various daily amenities, the City centre and therefore Coventry University. The immediate area offers excellent road links to both north and south of the City and therefore enabling good access to the motorway network. Consisting of 9 units in total, arranged over three floors, being 6 studio apartments and 3 one bedroom apartments, the property includes gas heating and some double glazing together with a direct side driveway leading to the long rear garden creating a number of valuable off-road parking areas. Potential income in excess of £42,000 pa.

Features

  • A very substantial end terraced investment property
  • Consisting of 9 units in total, arranged over three floors, being 6 studio apartments & 3 one bedroom apartments
  • Gas heating & some double glazing
  • Direct side driveway leading to the long rear garden creating a number of valuable off-road parking areas
  • Potential income in excess of £42,000 pa
  • Viewing Advised
  • Reception Hall - 4.95m x 4.17m overall

    with an outstanding original patterned Minton tiled floor, impressive staircase, ceiling cornice, hot water radiator and fire alarm system

  • Flat 1 - 4.50m x 3.94m

    with a double glazed bay window, sink unit, base cupboard and wall cabinets, built-in double door wardrobe, wood effect flooring

  • En-suite Shower Room - 3.05m x 0.76m

    with shower cubicle, basin and WC

  • Flat 2 - 5.61m x 3.63m

    having double glazed rear window, sink unit, base cupboard and wall cabinets, built-in double door wardrobe

  • En-suite Shower Room - 2.16m x 1.55m

    with shower cubicle, basin and WC

  • Flat 3 - 3.76m x 3.35m

    with double glazed bay window, sink unit, base cupboard, wall cabinets, wood effect flooring and built-in wardrobes

  • En-Suite Shower Room - 1.70m x 1.24m

    having shower cubicle, basin, WC and double glazed window

  • ON THE FIRST FLOOR

  • Flat 4 - 4.62m x 2.39m

    with double glazed rear window and built-in double door wardrobe

  • Kitchen - 1.85m x 1.50m

    with sink unit, base cupboards and double glazed window

  • Shower Room - 1.78m x 1.70m

    with shower cubicle, basin, WC and double glazed window

  • Flat 5 - 6.10m x 3.63m

    with a sink unit, double glazed bay window, 2 built-in double door wardrobes

  • En-Suite Shower Room - 1.63m x 1.42m

    with shower cubicle, basin and WC

  • Flat 6 - 3.94m x 3.73m

    with double glazed window, sink unit, base cupboards, wall cabinets and built-in wardrobe

  • En-Suite Shower Room - 3.05m x 0.76m

    with shower cubicle, basin and WC

  • Double Bedroom - 2.92m x 2.31m

    with double glazed window and built-in wardrobe

  • ON THE SECOND FLOOR

  • Flat 7 - 4.83m x 3.71m overall

    having sink unit, base cupboards, double glazed front and side windows

  • Double Bedroom - 3.12m x 2.29m

    having Velux window

  • En-Suite Shower Room - 2.64m x 0.76m

    with shower cubicle, basin and WC

  • Flat 8

  • Lounge - 4.09m x 3.28m

    with double glazed side window

  • Kitchen - 2.59m x 1.83m

    with sink unit and base cupboards

  • Double Bedroom - 3.56m x 2.29m

    having Velux window and built-in wardrobe

  • En-Suite Shower Room - 2.29m x 1.14m

    with shower cubicle, basin and WC

  • Flat 9 - 2.72m 2.72m

    with double glazed window and double door wardrobe

  • Kitchen - 1.65m x 1.19m

    having sink unit and double glazed window

  • Shower Room - 1.60m x 0.86m

    with shower cubicle, basin, WC and double glazed window

  • OUTSIDE

    The property has a side driveway providing off-road parking leading to the large rear garden where further parking spaces can be found.

  • SPECIAL NOTE

    This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
    This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
    The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
    Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
    This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
    The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
    The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
    Referral Arrangements
    The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
    Where services are accepted the Auctioneer or Partner Agent may

  • POTENTIAL RENTAL INCOME

    Flat 1 £ 450 per calendar month
    Flat 2 £ 368 every four weeks
    Flat 3 £ 425 per calendar month
    Flat 4 £ 320 per calendar month
    Flat 5 £ 450 per calender month
    Flat 6 £ 420 per calendar month
    Flat 7 £ 450 per calender month
    Flat 8 £ 495 per calendar month
    Flat 9 £ 195 per calendar month

    Monthly total £ 3573
    Annual total £ 42876

Disclaimer

Property reference . The information displayed about this property comprises a property advertisement. Wearethemarket.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and wearethemarket.co.uk has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Payne Associates. Please contact the property advertiser directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Arrange viewing Call me back Agent details

Agent details

Payne Associates,
Coventry

312 Walsgrave Road, Walsgrave, Coventry, CV2 4BL

02476 455 555

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