We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts workStudio flat · CV21 2BA
Sold STCListed 37 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Nestled in town, this modern second-floor flat presents an exceptional opportunity for first-time buyers to step onto the property ladder.
Offered at an attractive 70% of the market value under a Section 106 agreement, this apartment is both affordable and appealing.
The property offers a bright and airy open-plan living space, where the lounge area boasts stylish laminate flooring and an abundance of natural light, creating a warm and inviting atmosphere.
The contemporary kitchen is well-equipped with a built-in oven and hob, making it perfect for those who enjoy cooking and entertaining.
The flat features a comfortable double bedroom, providing a peaceful retreat, alongside a versatile study that can be tailored to your needs, whether as a home office or additional storage.
The bathroom is thoughtfully designed, complete with a shower over the bath, ensuring convenience and comfort.
Additional benefits of this property include double glazing, which enhances energy efficiency, and gas central heating, providing warmth during the colder months.
Off-road parking is also available, a valuable asset in this bustling area. This delightful flat is ideal for those seeking a modern living space in a vibrant community.
With its attractive price point and desirable features, it is not to be missed. We invite you to explore this wonderful opportunity to make it your new home.
Section 106 The property is to be sold in perpetuity at 70% of market value, following a valuation by two surveyors.
The section 106 officer at Rugby Borough Council will then assess suitable candidates who have a housing need and a local connection. Because of this, the property is not for an investment purchase.
Hallway A hallway connecting all rooms on the floor, offering access to the lounge, kitchen, bedroom, study, and bathroom.
It is a simple, functional space that helps organise the flow of the property.
Lounge (4.52m x 3.37m) This lounge offers a bright and spacious area with two windows allowing natural light to fill the room.
It features dark wood flooring and a textured grey accent wall, creating a modern and comfortable living space. The room flows into a compact kitchen area.
Kitchen (2.36m x 2.21m) The kitchen is fitted with a range of matching light wood-effect wall and base units, complemented by dark granite-effect work surfaces and tiled splashbacks.
Integrated appliances include an electric oven with four-ring gas hob and extractor, while there is also space and plumbing for a washing machine.
A stainless-steel sink with mixer tap is positioned beneath the rear-facing window, providing plenty of natural light.
The kitchen offers excellent storage and preparation space, with additional shelving and useful worktop areas. Dark wood-effect flooring completes the room.
Bedroom (3.78m x 2.89m) A cosy bedroom featuring two windows allowing ample natural light.
The walls are painted in a soft neutral tone, complementing the darker wood flooring for a warm and inviting atmosphere.
The room is spacious enough to accommodate additional furniture, such as drawers and bedside tables, creating a restful space.
Bathroom (2.21m x 1.80m) This bathroom is fully aqua boarded creating a clean, contemporary look. It includes a white toilet, a modern vanity unit with a basin, and a bathtub with a shower overhead.
A heated towel radiator in black adds a stylish yet practical feature, with a window providing ventilation.
Study (2.89m x 2.21m) A practical and well-lit study room with dark wood flooring and a large window. The room is suitable space for work or study.
Rugby Town Overview Rugby is a historic market town located in the county of Warwickshire, England.
Best known as the birthplace of the sport of rugby football, the town is steeped in heritage and character.
It lies on the eastern edge of Warwickshire, near the borders of Northamptonshire and Leicestershire, and is well connected by road and rail, including a major railway junction on the West Coast Main Line.
One of the town's most iconic landmarks is Rugby School, founded in 1567, which gained international fame thanks to the legend of William Webb Ellis-said to have invented the game of rugby by picking up a football and running with it during a match in 1823.
Today, the school continues to play a central role in the town's identity.
Beyond its sporting legacy, Rugby has a rich industrial history, particularly in engineering and railways, and it grew significantly during the 19th century.
Modern Rugby combines its heritage with a vibrant town centre, green open spaces like Caldecott Park, and a range of amenities and cultural offerings.
Rugby is also known for its diverse community and serves as an important economic and transport hub in the region.
Whether for its contributions to sport, its historic architecture, or its dynamic community, Rugby holds a unique place in both local and national history.
About The Agent Founded in 2008, Cadman Homes is a dedicated family-owned and operated property specialist that has proudly served the local community for more than 17 years.
Our commitment to traditional values guides our straightforward, no-nonsense approach, ensuring our clients receive honest and reliable service.
We are passionate about supporting local businesses and believe in fostering community connections.
To best meet your unique needs, we offer a comprehensive range of tailored marketing strategies designed to effectively showcase your property and reach potential buyers.
If you have any questions or would like to discuss your property needs, don’t hesitate to call us. One of our friendly team members is ready to assist you:
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
Agent & docs
.png)
FAQ
About 16 Old Works Court, Little Pennington Street, Rugby
Explore nearby