1-bedroom flat · CV32 4DG
For saleListed 184 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** Over 1100sqft of town centre regency living, with private secure parking *** Forming part of the prestigious William House conversion on the main Parade, is this superbly presented and recently redecorated apartment.
from the moment you step through the front door you are greeted with grandeur. Wide tiled entrance, stairs to all floors and a lift that services the building.
Located at the top of the Parade the property really does have "location, location, location". The apartment is located on the first floor.
Through the front door you are greeted with a spacious entrance hall, through to the left is the open plan living dining kitchen area measuring some 30ft in length and nearly 18ft wide.
The kitchen has wall and floor mounted units with integrated appliances.
The living room has a replica Georgian marble fireplace with black marble hearth that is a true focal point for the room and there is also plenty of room for an eight-seater table with chairs.
This room benefits from the afternoon light with three sets of high reaching double doors, that open onto a full property width balcony.
Crossing to the other side of this property there is a modern bathroom with shower over bath. The principal bedroom is placed at the rear of the building and measures approx.
20ft x 18ft and has built in his and hers wardrobes. There is also an ensuite shower room.
There is a second sizable room in this property that is currently used as a home office and occasional bedroom for visiting guests however we must advise this is not a formal bedroom due to it not having a window with natural light.
There is a pull ladder that leads to a storage space overlooking the main bedroom. To the rear of the property there is allocated parking for one vehicle with the carpark being gated.
The property also has a front and rear intercom entry system. The scale of this property has to be seen to be believed. It is approx. the same size as the average three-bedroom semi-detached house.
Lease Details - Official land registry documents confirm there were 125 years on the lease from commencement in 2004. We understand there to be approx 102 years now remaining on the lease.
Service Charges - we are informed by the seller there is a annual service charge payable of £4480 Ground Rent - we are informed by the seller the gound rent payable is included with the service charges for the property.
Confirmed Restrictions - We have been informed by the seller that pets are not allowed by the management company.
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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About Parade, Leamington Spa
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