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See how verdicts work1-bedroom flat · CV23 0WU
Sold STCReduced £8k (−6.4%) on 25 OctListed 168 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 purpose -built first floor leasehold apartment situated to the north of Rugby town centre and located on the popular Coton Park Development.
There are a range of amenities available within the immediate area to include a parade of local shops and stores, public house, local supermarket and schooling for all ages.
The popular Junction One and Elliott's Field retail parks are a short drive away and offer a host of amenities to include shops/stores, take-away outlets, recreational facilities and cafes.
The property offers excellent access to the surrounding M1/M6/A5 & A14 road and motorway networks and is a short drive from Rugby railway station which operates a mainline intercity service to Birmingham New Street and London Euston within an hour.
The apartment can be accessed via a communal entrance with secure entry system with stairs rising to further floors.
In brief, the accommodation comprises of an entrance hall with a useful large storage cupboard and doors off to the open plan kitchen/lounge/dining room which has built in four ring hob with oven beneath and extractor over, space and plumbing for an automatic washing machine and fitted fridge/freezer.
The well proportioned bedroom benefits from fitted wardrobes and the part tiled bathroom is fitted with a P-shaped bath with shower and screen over, low level w.c. and wash hand basin.
There is a heated towel rail and electric shaver point. The property is of standard brick built construction with a tiled roof and benefits from Upvc double glazing and electric central heating.
Externally, there is one allocated parking space. TENURE: Leasehold Lease: 189 years from 1/5/2003 - approx 166 yrs remaining. Service & Maintenance Charges: £1137.00 per annum.
Amenities Charge: £244,00 per annum. No Ground Rent. Gross Internal Area: approx.
42 m² (452 ft²) Entrance Hall 7' 9" x 6' 4" (2.36m x 1.93m) Open Plan Kitchen/Lounge/Dining Room 20' 9" x 16' 5" maximum (6.32m x 5.00m maximum) Bedroom 11' 0" maximum x 9' 11" (3.35m maximum x 3.02m) Bathroom 6' 10" x 6' 4" (2.08m x 1.93m)
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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
Agent & docs
FAQ
About Avocet Close, Coton Park, Rugby, CV23
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