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 work2-bedroom flat · CV21 2AY
Sold STCListed 264 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SUMMARY We are delighted to offer for sale this immaculate two bedroom second floor apartment which has been totally refurbished by the current owner to a high standard.
The property is situated in the Over 55's development of Brooke Court off Little Pennington Street and is offered to the market at a 70%Value Covenant.
In brief the accomodation comprises of entrance hall, spacious living room opening into the refitted kitchen, two well proportioned bedrooms and a refitted shower room.
The property also benefits from recently installed Upvc double glazing, new eco electric panel heaters and new water heating system.
The development has a communal laundry, residents lounge, library, externaly communal gardens and secure parking. The apartment has the added benefit of being offered for sale with no onward chain.
LOCATION The property is ideally located within walking distance of Rugby town centre which offers a range of High Street stores and independent retailers, as well as a wide selection of bars, restaurants, and leisure facilities.
Rugby railway station is also within walking distance and offers a frequent service to London Euston which takes just under 50 minutes.
The property is also ideally placed to access all major road networks including the M6, M1, A5 and A45. There is a choice of both junior and senior schooling nearby.
Rugby railway station - approximately 1.7 miles Elliots Field Retail Park - approximately 1.2 mile M6 Junction 1 - approximately 5 miles AGENTS NOTES Tenure: Leasehold Length of Lease: Brand New 99 Year Lease to be issued on completion of purchase Ground Rent: £0 Service Charge: £208pcm, reviewed annually.
Includes buildings insurance, window cleaning, care line and maintenance of gardens Council Tax Band: A LIVING ROOM 12' 8" x 12' 4" (3.86m x 3.76m) KITCHEN 10' 1" x 6' 8" (3.07m x 2.03m) BEDROOM 12' 4" x 11' 3" (3.76m x 3.43m) BEDROOM 10' 1" x 7' 8" (3.07m x 2.34m) BATHROOM 6' 1" x 5' 6" (1.85m x 1.68m)
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

FAQ
About Little Pennington Street, Rugby
Explore nearby