1-bedroom flat · CV32 5GD
For saleReduced £20k (−20%) on 6 AugListed 168 days
Opportunity summary
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About
Summary spacious one bedroom apartment***over 55s retirement development***second floor***double bedroom with generous built in wardrobe***open plan lounge diner***mature communal gardens***residents parking*** description A well-presented one double bedroom second-floor retirement apartment, located within the popular over-55s development of Oakfield House.
Ideally positioned within easy reach of the town centre and set amid beautifully maintained communal grounds, the apartment offers comfortable and secure retirement living.
The accommodation comprises a welcoming entrance hallway, a spacious open-plan lounge/diner, a fitted kitchen, a double bedroom with built-in storage, and a modern shower room.
Externally, residents benefit from residence parking and access to the immaculately kept communal gardens, providing a peaceful and attractive environment.
An excellent opportunity to acquire a home within this highly regarded retirement community.
Communal Entrance Well-maintained communal entrance with stairs and lift rising to the apartment situated on the second floor.
Entrance Hallway Spacious entrance hallway with two built-in cupboards, one housing the hot water tank. There is a storage heater and doors to all rooms.
Lounge Diner Generously sized, light and airy lounge, having a storage heater and two double glazed windows to front elevation.
Kitchen Fitted with wall and base units with work surfaces over and tiling to the splash back areas, incorporating a sink and drainer unit.
Providing space for appliances, with a window to side elevation. Bedroom Double bedroom consisting of a storage heater, a walk in wardrobe and a double glazed window to front elevation.
Shower Room Fitted with a wash hand basin, walk-in shower and low level W/C. Having partly tiled walls and a fitted towel rail. Communal Gardens Beautifully maintained, mature communal gardens.
Parking Communal parking as well as visitor parking available. Lease Information The property is leasehold with a lease length of 99 years from 1st January 1986.
The property is subject to management costs to include an annual service charge of £2329.80 (subject to change). Further information available upon request.
We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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 Flat 41, Oakfield House, Binswood Avenue, Leamington Spa
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