1-bedroom flat · CV8 3LN
For saleListed 38 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in the popular village of Wolston this first floor duplex Apartment is considered a fantastic First Time Buy and is presented to the market with no upward chain.
Offering something a little different to other more generic layout apartments this property occupies Two Floors with it's own internal stairs.
It briefly comprises : Entrance Lobby with Landing, One Bedroom, A Bathroom and an Open Plan Living/Dining/Kitchen arrangement.
Additional benefits include Secure Allocated Parking and the enjoyment of a Historic Local Building.
Location Wolston is a well-served village conveniently positioned between Rugby and Coventry, with good road links via the A45, M6 and M69.
The village offers a range of everyday amenities including local shops, pubs and eateries, along with Wolston St Margaret’s Primary School, recreation grounds, children’s play areas, allotments and a leisure and community centre.
Communal Entrance Original double Entrance Lobby and stairwell with wood panelling and ornate stairwell leading up to the first floor.
Apartment Entrance Lobby A hardwood door with tiled floor and a further wooden internal door to the entrance landing and stairwell area. Entrance Landing Stairs down to the living space and lobby.
Electric heater. Security entry/intercom system. Doors off to Bedroom and Bathroom. Inset spotlights. Bedroom Double glazed windows to two sides. Electric heater. Bathroom Double glazed window.
Panelled bath with shower over. Pedestal wash hand basin. Tiled floor. Low flush WC. Extractor. Inset spotlights. Fully tiled walls. Heated towel rail. Lower Lobby Door into Living room.
Under-stairs airing cupboard. Inset spotlights. Electric heater. Living Area Windows to two sides. Electric heater. Opens into Kitchen. Kitchen Space Double glazed window.
Range of base and eye level units with work surfaces over. Stainless steel sink/drainer. Integrated oven. Integrated fridge and freezer. Integrated dishwasher. Integrated washing machine.
Electric heater. Under cabinet lighting. Outside & Parking One allocated (numbered) parking space accessed through metal gates from Bluemels Drive itself.
Additionally each apartment owner has use of a communal bin store area plus a cycle store space. Furthermore the building has a lawned frontage with shrubs and hedging.
Historic Information The road name of Bluemels Drive derives its name from Bluemel Brothers Ltd which was a prominent British manufacturing company famously based in the village of Wolston.
Originally founded in East London during the late 19th century as an umbrella and walking stick handle maker, the company relocated to Wolston in 1904 to capitalize on the rapidly growing bicycle and motor trades in nearby Coventry.
While the factory closed in the late 20th century and was demolished to build a business park and housing development, its legacy lives on locally via the street name.
While the extensive production sheds and old silk mill structures were demolished to make room for housing, the fine office block built in 1924 survived.
It is a preserved, listed building that was converted into residential apartments - as you see here.
Lease Information Lease is 150 years from May 2005 (128 years remaining) Ground rent is £314.87 per year Service charge is £1241.77 per year Historic Buildings Insurance uplift £490 plus vat each year.
Bluemels Estate communal spaces and grass areas maintenance of £300 per year Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Ellis Brooke Estate Agents, they will need to undertake an identification check and be asked to provide information on the source and proof of funds.
This is done to meet our obligations under Anti Money Laundering Regulations (aml) and is a legal requirement. We use a specialist third party service to verify your information.
The cost of these checks is £25 (inc VAT) which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.
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
Agent & docs
FAQ
About 45, Bluemels Drive, Wolston Coventry
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