3-bedroom terraced house · CV31 3BT
For saleListed today
Opportunity summary
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About
SUMMARY THREE BEDROOM END TERRACE***PREVIOUSLY LICENSED HMO ACHIEVING £1,740 PCM OVER 11 MONTH TENANCY***FOR SALE WITH NO ONWARD CHAIN***TWO RECEPTION ROOMS***LOW MAINTENANCE REAR GARDEN***ON STREET PARKING***WITHIN EASY REACH OF TOWN CENTRE & TRAIN STATION*** DESCRIPTION Three Bedroom Victorian End Terrace | No Onward Chain Located within easy reach of the town centre and railway station, this spacious three-bedroom Victorian end terrace offers versatile accommodation and is available with no onward chain.
Previously operated as a licensed HMO, the property achieved £1,740 PCM over an 11-month tenancy, making it an attractive investment opportunity, whilst also offering excellent potential as a family home.
The accommodation comprises a welcoming entrance hallway, a bay-fronted lounge (previously utilised as a fourth bedroom during its time as an HMO), a separate dining room, galley kitchen, family bathroom and an additional separate WC.
To the first floor are three well-proportioned bedrooms. Outside, the property benefits from a low-maintenance, walled courtyard rear garden.
A versatile property in a convenient location, ideal for investors and owner-occupiers alike.
Location Situated in a highly convenient position close to the heart of Leamington Spa, Ranelagh Terrace offers excellent access to a wide range of amenities including shops, cafés, restaurants, supermarkets and leisure facilities within the town centre.
The property is ideally placed for commuters, with Leamington Spa Railway Station approximately 0.3 miles away, providing regular services to Birmingham, London and surrounding towns.
The area is well served by local bus routes and offers easy access to the A452, A46 and M40 motorway network.
Families benefit from a selection of nearby primary and secondary schools, while attractive green spaces including Jephson Gardens, Pump Room Gardens and Mill Gardens are all within easy reach, making this a desirable location for professionals, families and investors alike.
Agent's Note Please note that a previous survey undertaken on the property is understood to have raised a potential issue relating to the roof.
Connells do not hold a copy of this survey, and therefore we are unable to verify the nature, extent, or validity of any concerns that may have been identified.
Prospective purchasers are advised to rely on their own inspections and obtain an independent survey to satisfy themselves as to the condition of the property.
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. 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
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 advisors 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.
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About Ranelagh Terrace, Leamington Spa
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