2-bedroom flat · CV21 2SN
Sold STCListed 112 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 two bedroom second floor leasehold apartment conveniently situated for Rugby town centre and railway station.
This purpose-built development is specifically for persons over the age of 55 years and is of standard brick built construction with a tiled roof and benefits from all mains services connected (with the exception of gas).
The property is within walking distance of the railway station and town centre which offers a wealth of shops and stores, public library, churches of several denominations, supermarkets and many restaurants, takeaway outlets, public houses and there is excellent local schooling for all ages.
Rugby railway station operates a regular mainline intercity service to Birmingham New Street and London Euston in under an hour.
There is also easy commuter access to the surrounding M1/M6/A5 and A14 road and motorway networks making the location ideal for those wishing to commute.
In brief, the accommodation can be accessed via a secure communal entry system and comprises of an entrance hall with a large storage cupboard and a lounge with feature fireplace and Juliet balcony.
The fitted kitchen has integrated oven and hob with extractor over, space and plumbing for appliances and serving hatch to the lounge.
The modern shower room is fitted with a three piece white suite to include a double shower enclosure, low level w.c. and vanity unit with inset wash hand basin.
The property benefits from Upvc double glazing, electric heating. Externally, there are pretty communal gardens laid to lawn with a paved patio area, ideal for al fresco dining and entertaining.
There is secure off road parking for residents available in the carpark to the rear. The apartment is offered for sale with no onward chain and early viewing is considered essential.
Gross Internal Area: approx. 54 m² (581 ft²). TENURE: Leasehold Lease Term: 991 Years from June 1988 - 960 Years Remaining Ground Rent, Service & Maintenance Charges: £900 per annum combined.
Entrance Hall 10' 11" maximum x 6' 8" maximum (3.33m maximum x 2.03m maximum) Storage Cupboard: 6' 4" maximum x 5' 3" maximum (1.93m maximum x 1.60m maximum) Lounge 19' 6" maximum x 13' 4" maximum (5.94m maximum x 4.06m maximum) Kitchen 7' 1" maximum x 7' 0" maximum (2.16m maximum x 2.13m maximum) Bedroom One 12' 5" maximum x 8' 10" maximum (3.78m maximum x 2.69m maximum) Bedroom Two 8' 4" x 6' 6" (2.54m x 1.98m) Shower Room 8' 8" x 5' 6" (2.64m x 1.68m)
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 Hanover Gardens, Albert Street, Rugby, CV21
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