One-bedroom first-floor flat, circa 442 sq ft
A compact one-bedroom first-floor flat in The Coppice, CV3, offering 442 sq ft of living space ideal for a first-time buyer or buy-to-let investor. The flat sits in a mid-20th-century block with communal grounds, double glazing and electric room heaters. With 102 years remaining on the lease it provides secure medium-term tenure.
Buyers should note this property is sold by auction using the Modern Method of Auction. A non-refundable reservation fee of 4.5% of the purchase price (minimum £6,600 including VAT) is payable on reservation; completion is expected within 56 days of the draft contract being issued. The sale requires identification checks and proof of funding and may suit purchasers able to work within the auction timetable.
Practical positives include no flood risk, excellent mobile signal and fast broadband, and nearby primary and secondary schools rated Good by Ofsted. The property is in an area classified as very deprived with an urban cultural mix and predominantly social renting families — a factor investors should weigh when assessing rental demand and yields.
This flat will benefit from cosmetic updating and potential refurbishment to maximise value. Heating is electric room heaters (no central gas), so running costs may be higher than gas-heated flats. Internal inspection is recommended to assess condition and any maintenance needs before bidding.
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