2-bedroom flat · CV21 2AE
Sold STCListed 494 days
Opportunity summary
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About
Brown and Cockerill Estate Agents are delighted to offer for sale this modern purpose built two bedroom ground floor apartment situated in the popular residential location of New Bilton, Rugby.
The property is leasehold and of standard construction with a tiled roof and has mains services connected (with the exception of gas).
There are a range of amenities available within the immediate area to include shops, hot food takeaway outlets, public houses, recreational park, churches of several denominations and local schooling for all ages.
Rugby railway station operates a regular intercity mainline service to Birmingham New Street and London Euston in under an hour.
The property is also conveniently situated for access to the surrounding M1/M6/A5 and A14 road and motorway networks. The property can be accessed via a secure communal entrance door.
The accommodation comprises of an entrance hall with a storage cupboard and doors off to an open plan lounge/dining room/kitchen.
The lounge/dining room/kitchen has dual aspect windows, built in oven and hob with extractor over and there is space and plumbing for further appliances.
There are two well proportioned bedrooms with bedroom two having a built in storage cupboard.
The shower room is fully tiled and fitted with a modern three piece white suite to include a double shower enclosure and vanity unit with inset wash hand basin and a low level w.c.
The property benefits from Upvc double glazing and electric heating. Externally, there are communal grounds and one allocated parking space with additional visitor spaces available.
Gross Internal Area: approx. 53 m² (570 ft²). TENURE: Leasehold Term: 107 years remaining. Ground Rent: £125 per annum approx. Service/Maintenance Charge: £1282 per annum approx.
Entrance Hall 13' 3" x 3' 3" (4.04m x 0.99m) Open Plan Lounge/Dining Room/Kitchen 16' 0" x 14' 10" (4.88m x 4.52m) reducing to 15' 10" x 14' 9" (4.83m x 4.50m) Bedroom One 12' 0" x 10' 6" (3.66m x 3.20m) Bedroom Two 14' 4" maximum x 6' 5" (4.37m maximum x 1.96m) Shower Room 6' 5" x 5' 7" (1.96m x 1.70m)
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
Agent & docs
FAQ
About Lawford Bridge Close, New Bilton, Rugby, CV21
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