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See how verdicts work2-bedroom flat · CV21 4DL
For saleListed 123 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Brown and Cockerill Estate Agents are delighted to offer for sale this first floor two bedroom leasehold apartment.
The purpose built block is situated in the sought after residential area of Hillmorton, Rugby and benefits from all mains services being connected (with the exception of gas).
There are a range of amenities available within the immediate area to include primary and secondary schooling, a parade of local shops and stores, public houses, churches of several denominations and a bus route to Rugby town centre.
Rugby railway station operates a regular mainline intercity service to Birmingham New Street and London Euston in under an hour.
There is also easy commuter access to the surrounding M1/M6/A5 and A14 road and motorway networks making the location ideal for those wishing to commute.
The property is accessed via a secure communal entrance with stairs rising to the first floor.
In brief, the accommodation comprises of an entrance hall with a large storage cupboard housing the hot water tank and has doors off to the lounge/dining room and kitchen/breakfast room.
The kitchen area is fitted with a four ring hob with extractor over, integrated microwave and oven, fridge/freezer and dishwasher with a cupboard providing space and plumbing for an automatic washing machine/tumble dryer.
The master bedroom has fitted wardrobe space and benefits from an en-suite shower room.
There is a further well-proportioned bedroom which is serviced by the fully tiled family bathroom fitted with a panelled bath with shower over, pedestal wash hand basin and low level w.c.
There are ceiling spotlights, electric shaver point, extractor fan and tiled flooring. The property benefits from Upvc double glazing and electric heating.
Externally, there is a garage with an up-and-over door, power and lighting connected and space for off road parking for one vehicle to the front.
Early viewing is highly recommended to avoid disappointment. TENURE: Leasehold Lease Date: 1st July 2005 Term of Lease: 150 years from 1st August 2004, 128 years remaining. Ground Rent £125 per annum.
Service/Maintenance Charge £2,878 per annum.
Entrance Hall 16' 4" x 3' 11" (4.98m x 1.19m) Lounge/Dining Room 16' 4" x 12' 8" maximum (4.98m x 3.86m maximum) Kitchen/Breakfast Room 12' 4" x 8' 4" (3.76m x 2.54m) Bedroom One 12' 4" x 12' 3" (3.76m x 3.73m) En-Suite Shower Room 4' 10" x 4' 4" (1.47m x 1.32m) Bedroom Two 9' 7" x 9' 1" (2.92m x 2.77m) Family Bathroom 6' 8" x 6' 1" (2.03m x 1.85m) Garage 17' 8" x 8' 3" (5.38m x 2.51m)
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
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FAQ
About Rowe Close, Hillmorton, Rugby, CV21
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