2-bedroom flat · CV31 1FU
Sold STCListed 42 days
Opportunity summary
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About
**Lease Extension Currently Underway with New Lease to be 990 years** This well proportioned ground floor apartment offers an excellent opportunity to acquire a spacious home in a well regarded residential setting close to the centre of Royal Leamington Spa.
The accommodation is accessed via a communal entrance leading into a generous private hallway, which provides access to all principal rooms and useful storage.
The sitting room is a particularly impressive space, featuring dual aspect windows which allow natural light to fill the room and create a bright and welcoming environment.
The proportions comfortably accommodate both seating and entertaining areas, making it a superb principal reception space.
Adjacent to the sitting room is a separate dining room, a flexible space that could equally serve as a third bedroom, study or home office, depending on a purchaser’s requirements.
Its position within the apartment allows it to function as either an additional reception room or a private bedroom.
The kitchen is arranged with a range of fitted units, work surfaces and integrated cooking appliances, with ample space for everyday cooking and storage.
The apartment provides two well sized double bedrooms, both offering comfortable accommodation with space for freestanding furniture.
The primary bedroom benefits from its own en-suite bathroom, while a separate family bathroom serves the second bedroom and guests.
Further benefits include gas central heating, an allocated parking space, and a lease of approximately 83 years remaining. THE OWNERS HAVE PAID FOR THE LEASE TO BE EXTENDED TO 990 YEARS.
The current service charge is understood to be £1,875 per annum.
Offered to the market with no onward chain, this is an excellent opportunity to secure a generously proportioned apartment in a highly convenient Leamington Spa location.
Material Information: Council Tax: Band D Local Authority: Warwick District Council Broadband: Ultrafast Available (Checked on Ofcom March 25) Mobile Coverage: Variable Coverage (Checked on Ofcom March 25) Heating: Gas Central Heating Listed: No | Tenure: Leasehold (83 years) - Extending to 990 years.
Service Charge: £1875 Per Annum Ground Rent: £100 Per Annum Location: Squirhill Place forms part of the attractive Russell Terrace setting, ideally positioned in the heart of Royal Leamington Spa, offering an enviable lifestyle with the town’s finest amenities and green spaces within easy reach.
The excellent range of boutiques, cafés and restaurants along The Parade is approximately 0.6 miles away, placing the town centre within comfortable walking distance.
Leamington Spa is renowned for its beautiful parks, with Pump Room Gardens and Jephson Gardens both around 0.4 miles away, offering picturesque riverside walks and immaculately maintained formal gardens.
The expansive open parkland of Newbold Comyn is also close by at approximately 1 mile, providing extensive green space and leisure facilities.
For commuters, Leamington Spa railway station is approximately 0.3 miles away, providing direct services to London Marylebone and Birmingham.
The M40 motorway is also easily accessible, connecting swiftly to London, Oxford and the wider Midlands.
Combining proximity to Leamington Spa’s celebrated parks, vibrant town centre and excellent transport links, Russell Terrace represents one of the town’s most desirable and well-connected central locations.
Value & comps
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Returns
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Archie refurb estimate: a Pro feature
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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.
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About Squirhill Place, Russell Terrace, Leamington Spa, Warwickshire, CV31
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