2 Bedroom Flat House to Rent

Paynes Lane, Hillfields

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Key Features

EPC Rating: C

2nd Floor Flat

2 Double Bedrooms

In Need of Modernisation & Decoration

Ideal Investment or First Time Buyer Purchase

80 Years Remaining The Lease

Parking Available

Convenient Location

Council Tax Band: A

Full Description

Elite Property is pleased to present this 2-bedroom, second-floor apartment, an excellent investment opportunity or ideal purchase for first-time buyers. While the property requires modernisation and decoration, it offers significant potential. Conveniently located just a few minutes' walk from Coventry City Centre, it provides easy access to local amenities, shops, and transport links.

The apartment briefly comprises an entrance hallway, a spacious lounge, a kitchen with potential for improvement, two generously sized double bedrooms, and a bathroom. With 80 years remaining on the lease, the annual ground rent is £77.54, and we have been advised that no service charge is payable. However, there is an annual building insurance charge of £390.33.

Currently tenanted and achieving a rental income of £750.00 per month, this property is a fantastic investment. Alternatively, it can be sold with vacant possession and no upward chain, providing flexibility for buyers. Don't miss this opportunity-contact Elite Property to arrange a viewing today!