1-bedroom flat · CV31 3LS
For saleListed 39 days
Opportunity summary
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About
Summary 70% shared ownership***retirement apartment***exclusively for over 55s***excellent on site facilities***spacious, well presented accommodation***lift to all floors***private balcony***beautifully maintained communal gardens***ample communal parking*** description Situated on the second floor of the highly regarded Queensway Court retirement development, this well-presented one bedroom apartment is offered on a 70% shared ownership basis and provides spacious, comfortable accommodation exclusively for the over-55s.
The development benefits from a range of excellent on-site facilities, creating a secure, sociable and convenient lifestyle for its residents.
The accommodation comprises a welcoming entrance hallway leading to a generous open-plan lounge and dining room, providing a bright and inviting living space.
The modern fitted kitchen is accessed seamlessly from the main living area. The property further benefits from a well-proportioned double bedroom and a well-maintained shower room.
Externally, residents can enjoy a private balcony, attractive communal gardens and ample communal parking. The development is well managed, offering peace of mind and a strong sense of community.
An excellent opportunity to acquire a spacious retirement apartment in a popular and well-established development.
Early viewing is highly recommended to fully appreciate both the accommodation and the lifestyle on offer.
Lease Information The property is being sold at an 70% share as part of the shared ownership scheme. The monthly rent charge on the remaining 30% share is £263.21.
Orbit Housing Association have confirmed staircasing is available up to a max of 99%. The lease term is 125 years from 4th August 2014.
The property is subject to monthly management costs which is a monthly service charge of £292.97.
There is then a personal care charge to cover all the nursing and health staff support of £147.47 per month (this includes all gas/electric/water utilities).
Any agreed sale is subject to Housing Association eligibility criteria and to contact the branch for more details.
Facilities This thoughtfully designed development offers a warm, supportive, and vibrant lifestyle, with unique onsite care available 24 hours a day and full care packages tailored to individual needs.
Residents can enjoy a wide range of daily activities that encourage socialising, wellbeing, and community spirit.
Buyer Aml Fee Please note that the aml fee covers the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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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FAQ
About 150, Queensway Court, Queensway, Leamington Spa
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