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See how verdicts work1-bedroom flat · CV8 3LN
For saleReduced £5k (−3.2%) on 9 OctListed 135 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in the popular village of Wolston with local shops, several popular public houses & a Primary School this well presented First Floor Apartment is located inside the stunning historic Bluemels Building.
Being well proportioned, with parking provision plus a good length lease remaining (well over 125 years) this property briefly comprises impressive Communal Entrance and Stairwell with many original features, apartment lobby with storage, Lounge/Dining Room opening through to Fitted Kitchen, Bedroom plus a Re-Fitted Bathroom.
Considered an ideal First Time Buy. Communal Lobby & Stairwell Original double Entrance Lobby and stairwell with wood panelling and ornate stairwell leading up to the first floor.
Two sets of double doors leading to hallway which in turn gives access to all of the first floor apartments. Automatic lighting and several windows. Apartment Entrance Solid wood front door.
Doors off to Living Room, Bedroom and Shower Room plus two cupboards (one housing a replacement instant hot water producing vented cylinder) Lounge/Dining Two sizeable double glazed windows with made to measure blinds to the front aspect (overlooking parking area.
Electric heater. Opens through to Kitchen. Kitchen Additional large double glazed window with made to measure blind. Electric heater. Space for a small table.
Range of base and eye level units with work surfaces over. Integrated oven plus hob and extractor. Integrated fridge and freezer. Integrated washing machine and dishwasher. Ceramic sink/drainer.
Wood effect flooring. Bedroom Large double glazed window with made to measure blind. Electric heater. Shower Room Re-fitted. Fully tiled walls and floor. Large shower cubicle. Extractor.
Heated towel rail. WC and wash hand basin set into vanity unit with storage. Outside 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 it's 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 Term Remaining 129 Years Ground Rent £300 p/a Service Charge £125 p/m Historic Buildings Insurance £660 p/a 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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We're still gathering serviced-accommodation data for this area.
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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FAQ
About 39, Bluemels Drive, Wolston Coventry
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