Summary - SPON GATE HOUSE FLAT 9 COVENTRY CV1 3GW
2 bed 1 bath Flat
Low‑cost auction lot near Coventry centre with clear rental potential.
Two‑bedroom duplex with balcony and lift access
A two‑bedroom duplex flat in a 1960s mid‑terrace block, offered vacant and marketed at auction. The property sits within walking distance of Coventry city centre and local amenities, making it a straightforward letting prospect once refurbished. The layout includes a first‑floor lounge/diner with balcony, compact kitchen, and two bedrooms on the lower level.
This is a clear renovation opportunity for an experienced investor or developer comfortable working in constrained, student‑dominated neighbourhoods. The flat requires improvements throughout — cosmetic updating, potential damp investigation, and heating upgrades — but benefits from lift access, a secured entry system and double glazing.
Important practical facts: the lease has 94 years remaining, service charge c. £1,158pa and ground rent £10pa. Heating is electric via a community scheme and the EPC is E. The area records higher crime and medium flood risk; parking is on‑street. The property will be sold at public auction with additional buyer administration and premium charges — check the legal pack for full costs.
Suitable buyers will be those seeking a low‑entry investment with scope to add value rather than a move‑in ready home. Careful budgeting for remedial works and ongoing service charges is essential before bidding.
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