Summary - 116, Drapers Fields CV1 4RD
2 bed 1 bath Flat
Compact city living with parking and long lease, ideal for first-time buyers or investors.
Canalside views with secure communal entry
Ground-floor, two double bedrooms — compact 529 sq ft
Leasehold ~161 years remaining; low ground rent £60 pa
Service charge approximately £105 per month
Electric storage heating only — no gas (may increase bills)
Off-street parking included; double-glazed windows
Very high local crime rate; area shows high deprivation
Vacant and chain-free — immediate possession possible
This ground-floor two-bedroom apartment in Drapers Field offers compact, low-maintenance living with canal-side views and convenient access to Coventry city centre. The flat is leasehold with approximately 161 years remaining, low ground rent and a modest monthly service charge, making it straightforward for first-time buyers or buy-to-let investors.
Internally the layout is practical: entrance hallway, lounge, fitted kitchen with integrated electric oven and hob, two double bedrooms and a bathroom. The property benefits from double glazing, off-street parking and secure communal entry. The electrical heating is by electric storage heaters — no gas supply — which suits low-maintenance city living but can mean higher heating costs.
Key practical points to note: the apartment is compact (about 529 sq ft) and rooms are small-to-average, so it will suit buyers seeking a city-base rather than large-family accommodation. The wider neighbourhood is an urban, student‑oriented area with high local deprivation indicators and a very high local crime rate; buyers should factor this into suitability and rental potential.
Overall this is a sensible, chain-free purchase for a purchaser wanting an affordable city-centre apartment with long lease tenure, canal-side aspect and ready-to-let potential, provided they accept the compact footprint, electric heating and local area challenges.
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