We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · CV21 2EJ
For saleListed 195 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
PROPERTY SUMMARY Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £160,000.
We are delighted to present an excellent investment opportunity to acquire two FREEHOLD, fully converted one-bedroom apartments, each benefiting from off-road parking and ideally situated within a quiet cul-de-sac on the outskirts of Rugby town centre.
These well-proportioned ground and first-floor apartments are offered to the market with long-term tenants in situ, making them an attractive proposition for investors seeking immediate rental income.
While the properties would benefit from a programme of modernisation, they offer significant potential to enhance both capital value and rental yield.
Both apartments provide similar accommodation of comparable size, comprising an entrance hall, a spacious living room, a generously sized double bedroom, a bathroom, and a kitchen.
The layout of each unit has been thoughtfully designed to maximise space and functionality, appealing to a broad range of tenants.
Initial viewings will take place by way of an open house on 18th April 2026. All prospective purchasers are required to call in advance to arrange a dedicated appointment time.
LOCATION The property is superbly located within comfortable walking distance of Rugby town centre, offering an excellent mix of High Street brands and independent retailers, as well as a wide choice of bars, restaurants, and leisure facilities.
Rugby railway station is also within walking distance and provides frequent direct services to London Euston in under 50 minutes, making this an ideal location for commuters.
The property benefits from excellent transport links, with easy access to major road networks including the M6, M1, A5, and A45, allowing for convenient travel throughout the region.
The area is well served by a range of junior and senior schools, including the highly regarded Lawrence Sheriff Secondary School, which is just a short walk away.
Rugby railway station is approximately 1.7 miles away, Elliott's Field Retail Park is around 1.2 miles away, and M6 Junction 1 is approximately 5 miles from the property.
GROUND FLOOR APARTMENT ENTRANCE INNER HALL WAY LIVING/DINING ROOM 17' 1" x 14' 10" (5.21m x 4.52m) BEDROOM 12' 9" x 10' 9" (3.89m x 3.28m) KITCHEN 14' 10" x 8' 6" (4.52m x 2.59m) BATHROOM FIRST FLOOR APARTMENT ENTRANCE HALL, STAIRS & LANDING LOUNGE/DINING ROOM 17' 4" x 14' 10" (5.28m x 4.52m) KITCHEN 9' 8" x 8' 6" (2.95m x 2.59m) BEDROOM 12' 9" x 11' 11" (3.89m x 3.63m) BATHROOM 7' 3" x 5' 6" (2.21m x 1.68m) COUNCIL TAX Band A PARKING OUTSIDE Shared off-road parking available.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 2a & 2b Northcote Road, Rugby
Explore nearby
