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Coventry, CV1 2EL

2 The Quadrant
Coundon Road, Coundon, Coventry, CV1 4AR
SalesCoundon Road, Coundon, Coventry, CV1 4AR
 Coundon Road, Coundon, Coventry, CV1 4AR
Offers in the region of £280,000
  • 11 Bedrooms
  • 4 Bathrooms
  • 1 Reception Rooms

Property description

**NO CHAIN** 11-BEDROOM, 4 BATHROOM, 2 KITCHENS**INVESTMENT OPPORTUNITY**PRIME LOCATION

An exceptional opportunity for investors to acquire a substantial freehold mid-terraced property extending to approximately 1,851 sq ft, offering significant potential (subject to the necessary planning permissions)

Arranged over three floors, the accommodation comprises eleven bedrooms, two kitchens, four shower rooms and a communal reception room. The property benefits from gas central heating and double glazing (as specified). Externally, there is a courtyard garden to the front and a garden to the rear.

The property is considered suitable for a range of residential investment strategies including HMO use, student accommodation, conversion into self-contained apartments, serviced accommodation or supported living (all subject to the appropriate planning consents). The property is to be sold as seen and vacant.

Situated in the popular residential area of Coundon, just 0.3 miles north-west of Coventry City Centre, the property is within a 15-minute walk of Coventry University. The location offers excellent transport connectivity, with convenient access to the M6 and M42 motorway networks, rail services to Birmingham within approximately 30 minutes and direct connections to London Euston in around 90 minutes.

A rare opportunity to secure a large-scale property in a strong rental and student market with outstanding potential for value enhancement (STPP).

Good to know:

Property Vacant

No onwards Chain

EPC - D

Council Tax Band D - £2,414

Reason for sale: landlord looking to free up capital as the are no longer local.
Has the property been a HMO in the past - its understood it has been - you must speak to the council on this if you wish to apply for a HMO.

Tenure  : Freehold

Council Tax Band  :  D

  • Construction materials used: Brick and block
  • Water sources: Direct mains water
  • Electricity source: National Grid
  • Sewerage arrangements: Standard UK domestic
  • Heating Supply: Central heating (gas)
  • Parking Availability: No

Property Information

  • Reference number suttons_1771695184
  • Property Type Terraced
  • Furnishing Unfurnished
  • Tenure Freehold
  • Current Occupant Vacant
  • Market infoMarket info

Location

Coundon Road, Coundon, Coventry, CV1 4AR

Features

  • No Chain

Floor Plan

  • 1

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Stamp Duty Calculator

Completion date before 31st March 2021 Click Here

Single Property

Stamp duty charges for completion date after 31st march 2021

Purchase Price

(Enter numbers only)

Effective Rate
00.00 %
Tax Band % Taxable Sum Tax
less than £125k 0
£125k to £250k 2
£250k to £925k 5
£925k to £1.5m 10
rest over £1.5m 12

Additional Property

Stamp duty charges for completion date after 31st march 2021

Purchase Price

(Enter numbers only)

Effective Rate
00.00 %
Tax Band % Taxable Sum Tax
less than £125k 3
£125k to £250k 5
£250k to £925k 8
£925k to £1.5m 13
rest over £1.5m 15

First Time Buyer

Purchase Price

(Enter numbers only)

Effective Rate
00.00 %
Tax Band % Taxable Sum Tax
less than £300k 0(2/5)*
£300k to £500k 5
£500k to £925k 5
£925k to £1.5m 10
rest over £1.5m 12
*For purchases over £500k, SDLT is charged at 2% from £125k to £250k and 5% from £250k to £925k.

Location

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