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See how verdicts work1-bedroom house · CV34 4LQ
Listing removedListed 182 days
Opportunity summary
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About
A first floor retirement apartment close to the centre of Warwick for the over 60's.
situated on the Coventry Road in a private development surrounded by well kept communal gardens and parking: Entrance hallway, living room/dining room, kitchen, double bedroom with fitted wardrobe, bathroom.
Communal facilities include lounge and laundry facilities. No upward chain. EPC B 84 Montgomery Court offers private, purpose built apartments for people over 60, although partners can be over 55.
It is an excellent location being close to the centre of Warwick, within easy reach of the Castle, shops, parks, supermarkets, public transport and Warwick railway station.
It has two award-winning landscaped gardens, which the residents can sit in and enjoy, especially in the Spring and Summer.
Secure Communal Entrance - Which allows you direct access to the: Communal Lounge - This welcoming spacious room with kitchen attached is the perfect place to sit and relax with friends or join in the events organised in Montgomery Court.
Approach - The apartments are arranged over three levels and number 29 is located on the first floor with access via a communal lift or stairs as an alternative.
The property is entered via a solid entrance door with spy hole into: Private Entrance Hall - Having a panic cord, Dimplex Quantum storage heater and a door to a large store housing the hot water cylinder and shelving, doors to: Lounge/Dining Room - 6.21m x 2.55m widening to 4.34m - Having an attractive natural stone effect fire surround with electric fire, panic cord, Diplex Quantum storage heater, cornice ceiling, two ceiling light points, double-glazed window and double-opening doors to: Kitchen - 2.64m x 2.34m - Having a range of matching base and eye level units, an inset single drainer sink unit, complementary worksurfaces with tiled splashbacks, a ceramic electric hob with extractor unit over, a built-in electric oven with storage above and below, space for a fridge and a separate freezer, panic cord, Creda electric fan heater and a double-glazed window.
Double Bedroom - 5.36m x 2.66m max - Having built-in double door wardrobes, wall-mounted Creda storage heater and a double-glazed window overlooking the main entrance to Montgomery Court.
Bathroom - Suite comprising bath with shower over, W.C, vanity wash hand basin with double door storage cupboard below, fully tiled walls, Creda electric fan heater and extractor fan.
Communal Facilities - There is also a bedroom with en-suite facilities available for overnight guests. We understand this is charged at a competitive nightly rate and managed by the House Manager.
There are also laundry facilities. Montgomery Court is known for its impressive courtyard garden, with a shaped lawn, well-stocked perimeter borders, and a central seating area.
There is also a garden at the rear of the development.
Regular social activities include: Monday morning coffee, every Tuesday keep fit, every Thursday afternoon tea, monthly social event, and the first Wednesday of the month crafty chatter.
New residents are accepted from 60 years of age. Both cats and dogs are generally accepted (subject to the terms of the lease and the landlord's permission).
Visitor Parking - We understand that within the development there are parking facilities, however, this is arranged by Firstport and the House Manager.
Our understanding is that spaces are allocated as they become available and no longer needed by the previous occupant.
VISITOR PARKING: There are a few parking spaces reserved specifically for visitors. Tenure - The property has a 125-year lease from 2001.
This is for information purposes only and must be verified by a Solicitor. The current ground rent is £774.38 per annum, paid half-yearly. The current Service Charge is £2,850 PA.
Warwick District Council. The Council Tax is Band B. The Annual Service Charge Covers. 1. Care-line Control Centre monitoring 2. Remuneration of the House Manager 3.
Repairs and maintenance to the interior and exterior communal areas. 4. Upkeep of gardens and grounds. 5. Window cleaning 6. Lift service contract 7. Buildings insurance Location -
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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