Auction Property 2 Bed House - Terraced 

Ribble Road, Coventry

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Features

  • Auction Date: 21st & 22nd April 2021
  • Two-bedroom mid terrace
  • Accommodation over two storeys
  • Requires refurbishment
  • Opportunity to add value
  • Good rental location
  • Close to city centre & Coventry University
  • Excellent transport links
  • On street parking
  • Freehold

Quick Details

2 Bedrooms

Address

25 Ribble RoadCoventryWarwickshireCV3 1AW
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Property Details

•For Sale By Online Auction: 21st & 22nd April 2021
•Guide Price: £97,500+
•Two-bedroom mid terrace
•Requires a programme of modernisation and refurbishment
•Close to city centre & Coventry University
•Freehold

•Online Auction: 21 & 22 April 2021
•Guide Price: £97,500+
•Two-bedroom mid terrace
•Requires refurbishment
•Opportunity to add value.
•Freehold

The property is conveniently located on Ribble Road, close to Coventry University and the city centre, which offers a range of amenities and shopping facilities. There is also a Co-Operative Food store on Humber street within one minutes’ walking distance of the property.

This two-bedroom terrace property comprises accommodation over two storeys. Accommodation briefly includes: lounge, kitchen/ diner, bathroom and two bedrooms.

Externally, the property benefits from an enclosed garden to the rear with pedestrian access.

Investment Analysis

The property is to be sold with vacant possession. After completing a programme of refurbishment and modernisation, we estimate the property is likely to let at £750 per calendar month (£9,000 per annum), which reflects a potential gross yield of 9.25% on the guide price, before refurbishment costs.

Services

We understand the property has mains electricity, water, and drainage. However, interested parties should carry out their own investigations.

Tenure

Freehold

Guide Price

£97,500+

Buyer’s Premium

2% (min. £3,600) inc. VAT.

Viewings

Please contact a member of John Pye Property on 0115 970 6060 or email [email protected] to arrange an appointment.

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