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See how verdicts work1-bedroom property · CV32 5GD
For saleReduced £15k (−10.7%) on 26 OctListed 343 days
Opportunity summary
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About
Being positioned on the third floor of this purpose-built retirement complex and enjoying a westerly facing aspect, this is a one double-bedroomed retirement apartment which is offered for sale with the benefit of no onward chain.
The cleanly presented accommodation includes a comfortable lounge/dining room with kitchen off, together with one double bedroom and a re-fitted shower room with modern white fittings.
Windows are UPVC double glazed and there is also electric heating.
Externally there is an attractive communal garden area to the southerly facing front of the building, coupled with good communal parking to both the front and rear of Oakfield House.
Additionally, there are good communal facilities including a residents' lounge, on-site manager and guest bedroom suite.
It should be noted that the Oakfield House apartments are suitable for those aged 60 years and over. We understand that mains water, electricity and drainage are connected to the property.
We have not carried out any form of testing of appliances, central heating or other services and prospective purchasers must satisfy themselves as to their condition and efficiency.
Location - Oakfield House is exceptionally well positioned on one of North Leamington's prime residential avenues.
The extensive range of facilities and amenities available within Leamington town centre are within walking distance, including Leamington's wide array of shops and independent retailers, restaurants, parks and artisan coffee shops.
In addition, there are excellent local road links available including those to neighbouring towns and centres, with regular rail services operating to many destinations from Leamington Spa railway station.
On The Ground Floor - Communal Entrance Area - Which is protected by a telephone/security entrance system and from which both stairs and lifts ascend to the third floor where a private entrance door gives access to the apartment itself and:- Entrance Hallway - With electric storage heater, built-in cloaks/storage cupboard, further built-in cupboard which houses the hot water system and doors giving access to:- Lounge - 4.70m x 3.51m (15'5" x 11'6") - Which enjoys a westerly facing aspect with two UPVC double glazed windows, feature fireplace with tiled hearth and housing a glowing coal effect electric fire, electric storage heater and archway giving through access to:- Kitchen - 3.51m x 2.39m (11'6" x 7'10") - Being fitted with a range of wood edged panelled style units comprising base cupboards and drawers with roll edged wood grain effect worktops over and tiled splashbacks, inset single drainer stainless steel sink unit, coordinating wall cabinets, space for electric cooker with filter hood over, recess suitable for housing a fridge freezer and plumbing for washing machine.
Double Bedroom - 3.23m x 3.12m (10'7" x 10'3") - With large walk-in wardrobe/storage cupboard, UPVC double glazed window and electric radiator.
Shower Room - 2.36m x 1.63m (7'9" x 5'4") - With partly ceramic tiled walls and modern white fittings comprising low level WC with push button flush, wash hand basin with mixer tap and integrated storage cupboard below, fitted shower tray with glazed screen and Triton electric shower unit, extractor, electric towel warmer and mirrored wall cabinet.
Outside - Communal Garden - Extending to the front of Oakfield House and enjoying a southerly facing aspect, is a generous expanse of communal lawned garden which is set with various mature trees as well as table and chairs for communal outdoor use.
Communal Parking - There is ample communal parking available to both the front and rear of the building, accessed from Binswood Avenue itself and Arlington Avenue.
Tenure - The property is of leasehold tenure for a term of 99 years from 1986 with 60 years remaining unexpired.
Maintenance And Service Charges - Maintenance charges currently stand at £214.59 per calendar month. Directions - Postcode for sat-nav - CV32 5GD.
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.
Area
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FAQ
About Binswood Avenue, Leamington Spa
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