Queens Road 16, West Midlands, England CV1 3EJ

Excellent 1 Bed Apartment for Sale in Coventry UK Esales Property ID: es5554690 Property Location 16 Queens Road Coventry West Midlands CV1 3EJ United Kingdom Property Details Modern Urban Living and Smart Investment: A 1-Bedroom Apartment in Coventry City Centre Nestled in the vibrant heart of Coventrys thriving city centre, a city increasingly celebrated for its dynamic culture and significant growth, this first-floor, one-bedroom apartment presents an exceptional opportunity for both astute investors and first-time buyers. Offering the perfect blend of urban convenience and contemporary living, this residence is ideally positioned to provide a peaceful retreat from the citys hustle and bustle while remaining incredibly well-connected to its most vital amenities and transport links. Unbeatable Central Location and Connectivity The apartments prime location is undoubtedly one of its most compelling features. Situated just a short 3-minute walk from Coventry Train Station, residents benefit from direct and rapid rail connections to major UK cities, including London (approximately 1 hour), Birmingham, Manchester, and Liverpool. This makes it an ideal base for commuters, professionals, and those who frequently travel. The property also boasts exceptional accessibility to Coventrys renowned educational institutions. Coventry University Library is a mere 5-minute stroll away, while the prestigious University of Warwickranked 9th in the UKis just a 20-minute direct bus ride from the doorstep. This proximity makes the apartment a superb choice for students seeking a safe, private, and distraction-free living space while remaining closely connected to campus life. For international students, particularly those from Hong Kong, the University of Warwicks dedicated administrative and social infrastructure further enhances its appeal. Beyond education, the central location caters perfectly to working professionals who desire quick access to the citys employment hubs and a wide array of amenities. Convenience for daily needs is unparalleled, with the popular Central 6 Retail Park located just behind the apartment. This retail hub offers a fantastic selection of shops covering clothing, food (including a large supermarket), hobbies, and household essentials, ensuring all your everyday needs are met with ease. For culinary enthusiasts, the surrounding area is a vibrant tapestry of takeaways and restaurants, offering diverse cuisines just steps from your doorstep, providing ample dining options for every taste and occasion. A Highly Attractive Investment Opportunity For investors seeking a reliable income stream with minimal overheads, this apartment stands out as an exceptional choice. The property is currently tenanted, generating a consistent rental income of 1, 080 per calendar month, equating to an impressive annual rental income of 12, 960. The annual expenses associated with the apartment are remarkably low, totaling just 1, 625 (1, 300 for service charge and 325 for ground rent). This results in a robust net rental income of 11, 335 per annum. With an asking price of 130, 000, the apartment delivers a highly attractive gross yield of 9.9% and, more importantly, a compelling net yield of approximately 8.7%. This strong return on investment underscores the propertys potential for reliable income generation and long-term capital growth in a city undergoing significant regeneration and economic expansion. The low annual expenses contribute directly to maximizing the investors net profit, making this a truly smart and low-maintenance addition to any property portfolio. Contemporary Design and Efficient Living Stepping inside this first-floor apartment, which spans a comfortable 458 sq.ft. (42.6 sq.m), one is immediately welcomed by a bright, airy atmosphere. The thoughtful layout flows effortlessly throughout the space, emphasizing comfort and functionality. A key feature of the apartment is its abundance of natural light, primarily through three large, south-facing windows. Two of these illuminate the open-plan kitchen and lounge area, while the third brightens the spacious bedroom. The apartment is fully electric, with no gas supply, contributing to a modern and efficient living environment. Hot water is conveniently provided via a compact water heater discreetly located under the kitchen sink. Heating throughout the apartment is delivered through efficient, wall-mounted thermoset electric heaters, ensuring comfortable temperatures during colder months. The bathroom features a fully tiled, high-powered electric shower, offering a contemporary and low-maintenance solution. The open-plan kitchen area boasts a sleek and modern cooking setup, complete with an integrated oven, induction hob, and extractor fan. For added convenience, essential appliances such as a washer-dryer, fridge, and microwave can be included for a small additional fee, making the apartment truly move-in ready. Practical storage needs are met by a dedicated cupboard, perfect for everyday essentials. Key Property Features and Practicalities Property Type: First-floor, one-bedroom apartment Size: 458 sq.ft. (42.6 sq.m) Asking Price: 130, 000 Energy Performance Certificate (EPC): Band C, indicating good energy efficiency. Electrical Safety: An Electrical Installation Condition Report (EICR) was completed in 2022 and remains valid until 2027, ensuring electrical safety compliance. Council Tax: Falls under a low Council Tax Band B, contributing to reduced monthly living costs. Internet Connectivity: The building offers high-speed internet with speeds of up to 1Gbps, with multiple providers available to suit individual needs, catering to modern demands for connectivity. Room Dimensions: Lounge/Kitchen: 4.8m x 5.2m A spacious open-plan area designed for relaxation and entertaining. Hallway: Provides practical access to all rooms, ensuring a logical flow within the apartment. Storage Cupboard: Convenient built-in storage for everyday essentials, keeping the living space tidy. Bedroom: 3.2m x 3.4m A bright and airy double bedroom, benefiting from a south-facing window and offering ample space for storage options. Bathroom: 2.15m x 1.75m Features modern fittings with a clean, contemporary design, including a fully tiled electric shower. In summary, this one-bedroom apartment in Coventry city centre represents an exceptional opportunity. Its prime location offers unparalleled convenience for students and professionals alike, with immediate access to transport hubs, universities, and retail amenities. For investors, the property provides a highly attractive and reliable net yield of 8.7%, underpinned by strong rental demand and low running costs. With its bright, modern interior and efficient design, this apartment is a compelling choice for anyone seeking a secure, comfortable, and strategically located property in one of the UKs most dynamic cities. ABOUT THE AREA Coventry is a vibrant city located in the heart of Englands West Midlands, renowned for its rich history, cultural dynamism, and significant contributions to British industry. Once a powerful medieval walled city and later a powerhouse of the British motor industry, Coventrys narrative is one of resilience and transformation. Despite the devastating bombing during World War II, which famously destroyed its medieval cathedral, the city has risen from the ashes, symbolized by the stunning modern Coventry Cathedral standing beside the ruins of its predecessor. Today, Coventry blends its historical heritage with a contemporary spirit, offering a diverse and welcoming environment for its residents. The city is a hub of culture and innovation, ...