Modern Method of Auction
Auction date not yet published
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 house · CV23 9PU
For saleReduced £15k (−6.7%) on 14 JulListed 271 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Viewings are highly recommended to appreciate this deceptively spacious cottage, located in a quiet village and boasting of character features throughout.
Description ***no onward chain*** Connells are delighted to bring to market the opportunity to acquire this superb two bedroom cottage on Leamington Road, nestled within the idyllic village of Princethorpe Rugby.
Leamington Road in brief comprises of; entrance, lounge, kichen, orangery/dining room, two good size bedrooms and a bathroom.
Externally, there is a lovely wrap around garden and allocated off road parking for two vehicles. This property also benefits from gas central heating throughout.
Princethorpe is a well-established village located approximately halfway between Rugby and Leamington Spa, and also provides convenient access to Coventry, Southam and Warwick.
The village includes local shops and amenities, a primary school, and the well-renowned Princethorpe College.
The village is surrounded by countryside and is ideally situated with excellent access to road networks nearby including the motorway networks of A45, A46, M1 & M6.
Rugby railway station also offers a high speed train service to London Euston in just under 50 minutes. Don't miss out and call us today on to arrange your exclusive viewing on this must see property!
Auctioneer's Comments This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.
This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT.
This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property.
The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding.
A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack.
Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral.
These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Approach To the front of the property you there is a low maintenance front lawn and shared driveway.
The main entrance door to side leading onto; Lounge 17' x 13' 6" ( 5.18m x 4.11m ) The lounge flows through to the orangery, and features a working cosy open fireplace and understair storage space.
Orangery 13' 1" Maximum x 10' 5" Maximum ( 3.99m Maximum x 3.17m Maximum ) Extended orangery to the side which makes for a fantastic dining room or second reception room.
Featuring double doors to garden, and windows to the side and rear aspect.
Kitchen 13' 7" Maximum x 7' 11" Maximum ( 4.14m Maximum x 2.41m Maximum ) Featuring a range of wall and mount base units, and appliance space for an oven and fridge freezer.
There is a fitted extractor fan and sink + drain. Two windows to the front aspect. Landing First floor landing with window to the side aspect.
Bedroom 1 10' 9" x 8' 3" ( 3.28m x 2.51m ) Featuring space for wardrobe and window to the side aspect. Bedroom 2 13' x 8' ( 3.96m x 2.44m ) Featuring built in wardrobes and window to the front aspect.
Bathroom Built in bath with shower over, low level WC, wash hand basin with storage, skylight window and window to the side aspect.
Garden A generous wrap around garden with lawn, patio and decking areas, and a shed for storage. To the front of this home there is beautiful field views.
Parking The property has a shared driveway with allocated off road parking. 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.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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
.png)
FAQ
About Cottage 1, The Old School House, Leamington Road, Rugby
Explore nearby