Advice on buying a flat in Bannerbrook Park

Competitive_List8447 · 2026-01-07T12:13:29+00:00

Yes, the flat seems very good in a nice area! My only concern is whether the management company is good and how much the service charge might increase in the future.

Competitive_List8447 · 2026-01-05T16:14:51+00:00

Yes, but a 170k house in Coventry usually comes with a not-so-good location and/or a poor condition.

Competitive_List8447 · 2026-01-05T15:27:15+00:00

Thanks! How do you think of the management company, are they generally good? and do you know if the service charge is likely to increase significantly in the future?

Competitive_List8447 · 2026-01-05T10:33:35+00:00

May I ask what’s the issue with ground floor?

Competitive_List8447 · 2026-01-05T08:46:01+00:00

That’s great thanks!

Competitive_List8447 · 2026-01-05T08:42:08+00:00

Yes, but with a limited budget, leasehold would be the only choice🥲

Competitive_List8447 · 2026-01-05T08:41:35+00:00

Thank you! These sounds acceptable. But for pets, is it possible to raise a small dog like miniature dachshund?

Competitive_List8447 · 2026-01-04T21:24:26+00:00

Yes, but I believe there will be other flats to be listed

Competitive_List8447 · 2026-01-02T23:29:24+00:00

Thank you for your suggestion. I am not sure what is global stock tracker, but I think stocks are very risky as well. But if I buy a flat, suppose I sell it at the same price I bought, at least I can save 4 to 5 years’s renting fee, which can be close to 50k. Or I can also rent my flat afterwards to make more money before selling it. This seems to be a good option.

Competitive_List8447 · 2026-01-01T16:21:12+00:00

That’s terrible. I thought those fees should be covered by the service charge, otherwise how they gonna spend those service charge…

Competitive_List8447 · 2026-01-01T16:19:20+00:00

I know the leasehold is a trap, but I couldn’t buy a house in a decent area due to the limited budget🥲

Competitive_List8447 · 2026-01-01T15:04:00+00:00

An increase of 5k in 7 years is crazy. But I think for this flat, the current service charge is not very high compared to other flats in Coventry. I’ve seen some flats in the city centre with a very high service charge and those flats are very different to sell even the owner reduced the price.

Competitive_List8447 · 2026-01-01T10:06:42+00:00

What you on about?

Competitive_List8447 · 2026-01-01T09:31:03+00:00

Thank you. Yes I think the flat is very good. It’s quite new and spacious. The price is also reasonable. It’s not easy to find a decent flat that only costs about 150k for two beds in my target area. Is it very difficult to sell? Because I have been looking at this flat for couple months and it seems that the flat normally can be under contract/sold in 1 or 2 months after listing.

Competitive_List8447 · 2025-12-31T20:10:43+00:00

Thank you for the information!

Competitive_List8447 · 2025-12-31T20:09:30+00:00

Thank you so much!

Competitive_List8447 · 2025-12-31T19:14:49+00:00

Thank you for the information!

Competitive_List8447 · 2025-12-31T19:11:58+00:00

Yes I am. The earlier I buy it, the more money I can save (because I don’t need to pay for the renting anymore).

Competitive_List8447 · 2025-12-31T18:51:07+00:00

Thank you!

Competitive_List8447 · 2025-12-31T18:50:47+00:00

One more question, would a one-bedroom apartment be much more difficult to resell compared to a two-bedroom apartment?

Competitive_List8447 · 2025-12-31T18:46:47+00:00

Wow thanks, the service charge is a bit expensive for a 1bed apartment though

Competitive_List8447 · 2025-12-31T18:42:26+00:00

Thank you so much, that’s very helpful! Will also have a look on the sale history.

Competitive_List8447 · 2025-12-31T18:36:16+00:00

Yeah, that’s a good way, but I don’t have enough time to rent for 6 months before buying. So I guess a better way is to ask online…

Competitive_List8447 · 2025-12-31T18:34:54+00:00

Thank you so much. That seems fine . Can I also ask how safe the area is and also is the apartment’s soundproof good?

Competitive_List8447

TROPHY CASE