Summary - 34 OVERDALE ROAD COVENTRY CV5 8AL
2 bed 1 bath Flat
Compact two-bed buy for first-time buyers or investors near good schools and transport.
Second-floor two-bedroom flat, circa 599 sq ft
Modern throughout with secure entry system
Communal garden and resident off-street parking
Fast broadband and excellent mobile signal
Leasehold — about 80 years remaining; lenders may refuse
Service charge ~£1,080/year; ground rent £50/year
Electric underfloor heating; higher running costs likely
System-built walls likely lack insulation, consider upgrades
A practical two-bedroom second-floor flat in CV5, presented in modern condition and ready to occupy. At around 599 sq ft, the layout includes lounge, kitchen, bathroom and two bedrooms — suited to a first-time buyer or a buy-to-let investor seeking straightforward rental potential. The building is mid-20th century with communal garden and resident off-street parking, plus secure entry for peace of mind.
Important leasehold details affect long-term value: the lease has about 80 years remaining and some lenders may refuse mortgages on this basis. There is an annual service charge (approximately £1,080) and a small ground rent (£50), which buyers should factor into affordability and mortgage discussions.
Practical features include fast broadband, excellent mobile signal and electric underfloor heating throughout. Construction is system-built with assumed no wall insulation, so consider future insulation works and the running costs of electric heating. The area is classified as very deprived, though local schools rate well and public transport links are nearby.
Overall, this property is a budget-friendly entry to homeownership or a lettable asset at £120,000, but buyers should check mortgage availability given the lease length and budget for potential insulating or heating-cost improvements.
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