Tenanted 2 Bed Flat In Coventry

Location: Coventry, Warwickshire

Property Type: Apartment (2 Bed)

Purchase Price: £80,000

Rental Income: £550pcm (existing)

Tenure: Leasehold

Status: Tenanted

Strategy: Buy To Let

Two bed leasehold flat in Coventry with tenants in situ. Available for a cash purchase only.

Some internal works needed to modernise but not immediately essential, this property is a cash generating income producing asset with 8% plus returns.

47 years are remaining on the lease (£25,000 to extend) with ground rent £20 per annum, there is a service charge of £740 every six months.

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Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.

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