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See how verdicts work7 × 2-bed flat · CV32 4RN
For saleListed 349 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Investment Opportunity – Prime Central Leamington Spa Development Site - An exceptional opportunity to acquire a prime period building in the heart of Royal Leamington Spa, complete with full planning permission for conversion into seven luxury two-bedroom apartments, including the addition of a second floor.
This impressive former restaurant and five-bedroom residence, set on Chandos Street, with approved plans creating a total developed area of 6,038 sq ft (561 sqm).
Perfectly positioned just a short walk from The Parade, Royal Priors Shopping Centre, and the town’s array of boutiques, cafés, and bars, the location is ideal for both professionals and downsizers seeking premium town-centre living.
With a projected GDV of £2.4 million, this development represents a rare and attractive investment opportunity in one of Warwickshire’s most sought-after and consistently performing property markets.
Unit Breakdown After Build 7 x 2-Bedroom Flats Flat 1 - 65 sqm / 700 sqft Flat 2 - 76 sqm / 818 sqft Flat 3 - 80 sqm / 861 sqft Flat 4 - 61 sqm / 656 sqft Flat 5 - 63 sqm / 678 sqft Flat 6 - 60 sqm / 646 sqft Flat 7 - 60 sqm / 646 sqft Habitable Space - 465 sqm / 5,005 sqft Communal Space - 96 sqm / 1,033 sqft Total Space - 561 sqm / 6,038 sqft Email for the sales pack -
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 Chandos Street, Leamington Spa
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