CHEAPEST PROPERTY IN COVENTRY SET TO GO UNDER THE HAMMER

15th May 2018

CHEAPEST PROPERTY IN COVENTRY SET TO GO UNDER THE HAMMER
First time buyers and potential investors will have the chance to bag themselves an incredible bargain when the cheapest house in Coventry will be auctioned off this month. 

Loveitts will be putting the leasehold property under the hammer at the Village Hotel, Canley in Coventry on Thursday the 17th May.

With a guide price of £35,000 - £55,000, the flat is situated above a parade of shops in Broad Park Road, Bell Green is an absolute steal which Loveitts directors believe will create quite a stir in the room amongst investors and property buyers.  

The 3-bedroom duplex apartment features a bathroom separate W.C., kitchen facilities and a lounge and offers spacious living accommodation. 

Loveitts Director and Auctioneer Sally Smith said: “This is an incredibly exciting opportunity for buyers who are either looking to take their first step onto the property ladder, or make an investment which promises a real return on their money.

“Not only is this the cheapest property in Coventry but it is also one of the cheapest properties in the Warwickshire region. Unique opportunities such as this do not come along too often so we’re delighted to have the opportunity of selling this duplex flat at next week’s auction. 

“Some redecorating work is needed but with a few touch-ups a buyer or investor could quickly transform this flat into a home or letting opportunity.” 

The popularity of auctions has grown substantially over the last year with more vendors opting for this method of selling and buying properties.

Sally added: “The number of people who have been attending our auctions signals a growing confidence amongst vendors opting to sell their house by auction.  We are enjoying an incredible year with some record-breaking auctions and a continuous and varied selection of lots.”

“Our next auction certainly has something for everyone including a Grade II listed detached house, a mid-terrace in Nuneaton and even a former Baptist church!  We are confident that there will be a lot of people at the auction, keen to bag themselves an exceptional bargain.”

Loveitts, which this year celebrates its 175th anniversary, is one of Coventry and Warwickshire’s longest established estate agents.  Established in 1843, it is now the largest independent multi-discipline practice of estate agents, chartered surveyors, valuers and auctioneers in the region. 

First time buyers and potential investors will have the chance to bag themselves an incredible bargain when the cheapest house in Coventry will be auctioned off this month.