2-bedroom flat · CV31 1HE
For saleReduced £10k (−4.2%) on 30 SepListed 135 days
Opportunity summary
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About
Tenure: Leasehold Bright and characterful first-floor apartment within an attractive period conversion, offering two double bedrooms, a spacious living/dining room with high ceilings and sash windows, separate kitchen, large bathroom and a highly convenient position close to Leamington Spa town centre and railway station.
Occupying a first-floor position within an elegant period villa on Russell Terrace, this two-bedroom apartment combines the proportions and character of a Victorian conversion with a practical layout and a highly convenient location close to the centre of Leamington Spa.
The apartment is entered via a generous hallway that connects each of the principal rooms.
At its heart is a wonderfully bright living and dining room, where high ceilings and large sash windows create a remarkable sense of volume and light.
The room comfortably accommodates both seating and dining areas, making it an inviting space for everyday living as well as entertaining.
Elevated views across neighbouring period buildings and mature trees reinforce the feeling of space and privacy.
The separate kitchen is neatly arranged and fitted with contemporary cabinetry, offering an efficient and practical workspace while remaining distinct from the main living area.
Both bedrooms are well-proportioned doubles.
The principal bedroom benefits from particularly attractive period features, including a large sash window and an arched alcove leading to fitted storage, creating a distinctive and characterful retreat.
The second bedroom provides excellent flexibility as a guest room, home office or additional sleeping accommodation.
A spacious bathroom serves the apartment and includes both a bath and separate shower arrangement, while the wide hallway enhances the sense of openness throughout.
Externally, the apartment forms part of a handsome detached period building set behind a brick boundary wall on one of south Leamington's established residential streets.
The location places residents within easy reach of the town centre, train station, local parks and the independent cafés, restaurants and shops that make Leamington Spa such a desirable place to live.
EPC Rating: D Parking - Allocated Parking
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.
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About Flat 4, 53 Russell Terrace, Leamington Spa
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