1-bedroom flat · CV21 3TG
For saleListed 47 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Brown and Cockerill Estate Agents are delighted to offer for sale this one bedroom second floor leasehold apartment that is conveniently located for Rugby town centre and railway station.
The purpose built block is of standard brick built construction with a tiled roof and has mains services connected, with the exception of gas.
There are a range of local amenities to include a parade of shops and stores, hot food take-away outlets and schooling for all ages.
Rugby railway station and town centre are within easy walking distance and offer a more comprehensive range of shops, stores and supermarkets, restaurants and cafes, library, public houses, doctor surgeries, leisure facilities, recreational parks and churches of several denominations.
Rugby railway station operates a mainline intercity service to Birmingham New Street and London Euston in under one hour.
There is also easy and convenient access to the surrounding M1, M6, A5 and A14 road and motorway networks, making this location ideal for those wishing to commute.
The property can be accessed via a communal entrance with secure entry system and has stairs rising to further floors.
In brief, the accommodation comprises of an entrance hall with doors off to a well-proportioned bedroom, bathroom fitted with a three piece white suite to include a panelled bath with shower over, pedestal wash hand basin, low level w.c.
and has a useful storage cupboard. The lounge has a door through to the kitchen which is fitted with an oven with hob and extractor over and has space and plumbing for appliances.
The property benefits from electric heating and wooden framed double glazing. Externally, there are communal grounds and one allocated off road parking space.
Early viewing is highly recommended to avoid disappointment and the property is considered to be an ideal first time/investment purchase. Gross Internal Area: approx. 56 m² (602 ft²).
TENURE: Leasehold, Lease commenced in 1996 and has 67 years remaining. Current Ground Rent: £100 per annum. Current Service/Maintenance Charge: £205.71 per month.
Entrance Hall 10' 3" maximum x 9' 2" maximum (3.12m maximum x 2.79m maximum) Lounge 14' 7" x 11' 1" (4.45m x 3.38m) Kitchen 9' 10" x 6' 11" (3.00m x 2.11m) Bedroom 11' 2" x 9' 1" (3.40m x 2.77m) Bathroom 6' 11" x 7' 1" (2.11m x 2.16m)
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Morton Gardens, Rugby, CV21
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