1 bed flat for sale

Fretton Close, Coventry CV6

The perfect investment or first time buy! 12+% yield!

Oughton Cook Estate Agents encourage early viewing on this ground floor, one bedroom flat with no chain and vacant possession. The property is located in the convenient location of Edgwick, CV6 with the retail park, a variety of shops, restaurants and a bus stop on the doorstep.

Once decorated, this property has a potential rental income between £700-£800 pcm, a potential yield of over £12%.

The property

Nestled away in a peaceful cul-de-sac location with ample community parking, the property benefits from being on the ground floor with doors leading out onto a paved area and communal gardens. Entrance to the property is via a secure access intercom. Internally, the flat is in need of re-decoration throughout and offers a spacious lounge, bedroom, bathroom and kitchen.

Lease length - 117 years (as confirmed by seller). Services charge approx £850 Per year (as confirmed by seller).

The Location

Edjwick is a highly convenient residential area of Coventry, set between stoke Heath and Courthouse green. There are a vast array of shops, supermarkets, restaurants and amenities within a short walk, including the popular AT7 leisure centre.

The area offers fantastic transport links via the A444 both into the city centre, but also out to the M6 & M69 motorways.

This area would be an ideal investment for working professionals on short term lets working in the area or longer term AST's. Likewise, the property would make a lovely private first home with access to outside space for first time buyers.