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See how verdicts work2-bedroom flat · CV22 7RF
Listing removedListed 214 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This 2 Bedroom apartment is offered to the market with no onward chain. Situated on the 2nd floor and further benefitting from a garage. The apartment does requires modernisation throughout.
In brief the internal accommodation comprises; Entrance Hall, Living Room, Kitchen, 2 Bedrooms and a Bathroom.
Bilton is located just a short walk away and is well served by a range of local shops and amenities, well-regarded schooling, and excellent transport links to include regular bus routes, easy access to the M1/M6 and M45 motorways and is just a short ten minute drive from Rugby train station, which operates mainline services to London Euston in as little as 48 minutes.
Entrance The property is accessed from the communal hallway via a front door. Hallway The hallway has doors that provide access through to all of the accommodation.
Further to this there is access to a useful storage cupboard and further airing cupboard.
Living Room (5.46m x 3.3m (17'10" x 10'9")) A spacious room that benefits from two windows to the front elevation that flooded the room with natural light.
There is a serving hatch through to the kitchen. Kitchen (2.22m x 2.7m (7'3" x 8'10")) The kitchen comprises a range of base units with a complementary worktop over.
To the side elevation there is a window providing natural light and in addition there is a useful storage cupboard.
Bedroom 1 (2.6m x 3.56m (8'6" x 11'8")) A double bedroom with a window to the rear elevation. Bedroom 2 (2.74m x 3.24m (8'11" x 10'7")) A double bedroom with a window to the rear elevation.
This bedroom further benefits from a fitted wardrobe.
Bathroom (1.75m x 1.75m (5'8" x 5'8")) With a suite that comprises a low-level flush WC, wash hand basin and paneled bath with electric shower over.
Within the bathroom there is tiling to the splash back areas and there is a heated tail rail. Communal Areas The building benefits from entrance doors to both the front and rear elevations.
The communal hallway has stars that rise, with the entrance to the apartment being located on the second floor.
Garage (4.82m x 2.23m (15'9" x 7'3")) The apartment benefits from a single garage which has a manual up and over door to the front elevation. The garage is numbered 336.
Parking On street parking is available on a first come first serve served basis. Vehicle parking is available within the garage.
Outside To both the front and rear elevations of the building there are areas of communal green space. The green space has range of mature shrubs, hedges and planting dispersed throughout.
Agents Notes - Lease Information The property is sold on a lease hold basis and there is a 132 years remaining on the lease. An anual service charge of £1506 is payable.
Currently paid 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
Set an offer; the calculator follows it.
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.
Area
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FAQ
About 69, Martin Lane, Rugby
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