Summary - 132, Drapers Fields, COVENTRY CV1 4RD
2 bed 1 bath Apartment
Affordable city-centre living with long lease and low council tax.
Spacious reception room with good natural light
Two well-proportioned bedrooms, good for couples or roommates
Long lease (161 years) reduces purchase complications
Modern build (1996–2002) with assumed cavity wall insulation
Electric storage heating — expect higher running costs
Service charge ~£1,200/year and small ground rent £60/year
Area: cosmopolitan student neighbourhood; very high crime rate
Council Tax Band B (relatively low) and no flood risk
A bright two-bedroom apartment located on Drapers Field, Canal Basin, offering practical city-centre living for a first-time buyer or investor. The flat sits in a modern block constructed between 1996–2002 and benefits from double glazing, a spacious reception room and a contemporary bathroom. The long lease (161 years) and low asking price make this a straightforward purchase for those prioritising value and a low-maintenance home.
The apartment relies on electric storage heaters and electricity as the main fuel source; heating costs can be higher than gas alternatives. There is an average service charge of £1,200 and a small ground rent of £60 per year. Council Tax is Band B, which is relatively low for city-centre accommodation.
The location provides excellent mobile signal and fast broadband, useful for home working and streaming. Local amenities are abundant — cafes, shops, bus links and canal-side leisure — and several highly rated schools are within reach. Note the local area is classified as a cosmopolitan student neighbourhood with very high crime and very deprived area indicators, which may affect some buyers' preferences and rental prospects.
Overall this apartment offers affordable access to Coventry city living with immediate move-in potential. It suits first-time buyers seeking a manageable home or investors targeting rental demand from students and city workers, provided heating costs and service charges are factored into the budget.
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