CV1 4RE - 1 bed canal side starter in Drapers Fields, CV1 4RE

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1 bedroom apartment for sale in Drapers Fields, Canal Basin, Coventry, CV1

Summary - 150 DRAPERS FIELDS COVENTRY CV1 4RE

1 bed 1 bath Apartment

Compact, low-maintenance apartment ideal for a first buy or buy-to-let investment.
Ground-floor one-bedroom apartment, approx 474 sq ft
A ground-floor one-bedroom apartment with immediate vacant possession and no onward chain, set in Drapers Fields beside the Coventry Canal. The living room enjoys waterside views and the open-plan kitchen is well fitted, offering a practical low-maintenance layout for a first home or buy-to-let. The apartment totals about 474 sq ft and includes an allocated off-street parking space.

The property is presented in tidy, lived-in condition but shows signs of age in kitchen and bathroom fittings; light modernisation would increase rental appeal and resale value. Heating is by electric storage heaters and the home is double-glazed, so factor in running costs compared with gas-heated properties. Leasehold tenure is long—161 years remain—and the EPC is Band C.

Running costs include an average service charge of £1,200; Council Tax sits at Band A (very low). Note the immediate local context: the site is in a cosmopolitan, student-heavy neighbourhood within a very deprived area and recorded as having very high crime levels — important for buyers to consider, especially investors assessing rental risk and families evaluating safety.

Overall this is a compact, practical city-centre apartment that will suit first-time buyers seeking an affordable canal-side starter home, or landlords wanting a straightforward investment with short-term upside from modest upgrades.

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