1-bedroom flat · CV34 4UX
For saleListed 266 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This spacious, one-bedroom top-floor apartment offers views over the racecourse. Ideally located close to local amenities, the town centre and accessible to road and rail commuter networks.
NO UPWARD CHAIN. Energy rating C.
Location - Wallace House is ideally placed close to the historic county town centre and its amenities, and is easily accessible to the A46, junction 15 of the M40 motorway, and Warwick and Parkway rail stations, all providing excellent commuter links.
Considered an ideal investment property, it is being sold with the benefit of no onward chain.
Communal Entrance Hall - Secure communal entrance hall with staircase leading to the Second Floor Landing.
Hallway - Storage cupboards, wall-mounted entry phone and doors to: Sitting/Dining Room - 5.36m x 2.92m (17'7" x 9'6") - wall-mounted storage heater, double-glazed bay windows with views to the rear aspect and Warwick Racecourse.
Archway to: Fitted Kitchen - 2.69m x 1.88m (8'9" x 6'2") - Range of base and eye-level white gloss fronted units with complementary wood effect worktop and tiled splashback with stainless steel sink unit with mixer tap.
Integrated electric oven and grill with a ceramic induction hob with hooded ventilation unit above.
Space and plumbing for a washing machine, space for an upright fridge/freezer and a double-glazed window.
Bedroom - 2.95m x 2.72m (9'8" x 8'11" ) - Electric panel heater and double-glazed windows overlooking the rear aspect.
Modern Bathroom - Recently modernised matching white suite comprising low-level WC, wash hand basin with chrome mixer tap, and white gloss-fronted storage cupboard below.
Panel bath with electric shower attachment and glazed shower screen. Wall-mounted mirror, four spotlights and extractor fan to the ceiling. Outside - Allocated parking space.
Tenure - The property is Leasehold with vacant possession upon completion of the purchase. There are circa 94 years remaining in the lease.
The service charge is currently £900.00 per annum with a ground rent of £150.00 per annum. The above details are for information purposes only and must be verified by a Solicitor.
Services - All mains services are understood to be connected, with the exception of gas.
NB We have not tested the heating, domestic hot water system, kitchen appliances or other services and whilst believing them to be in satisfactory working order, we cannot give warranties in these respects.
Interested parties are invited to make their own inquiries. Council Tax - The property is in Council Tax Band "B" - Warwick District Council Postcode - CV34 4UX
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.
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