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See how verdicts work2-bedroom flat · CV47 0JJ
Listing removedReduced £10k (−5%) on 22 AugListed 165 days
Opportunity summary
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About
Summary Tithe lodge offers two bedroom self-contained living accommodation in a safe and secure environment for people aged 55 and over.
Tithe lodge offers central town living, meaning the towns amenities are right on your doorstep. This could be the new home your looking for.
Description Connells are delighted to bring to market this immaculately presented two bedroom apartment.
The property briefly comprises of an entrance hall, lounge/diner, balcony, kitchen two good sized bedrooms, storage cupboard, wet room & communal areas.
The well regarded historic market town of Southam offers rural community living with the advantages of town amenities.
Ideally situated between Coventry & Banbury on the A423 Southam is easily connected to Royal Leamington Spa, the County town of Warwick, famous Stratford upon Avon, Gaydon, Daventry and Rugby, where you will find mainline railway links to take you into Birmingham and London.
The town enjoys easy access to the major road networks including the M40, M6, M69 & M1.
Southam has a varied range of shops including a hardware shop, a pharmacy, a newly built library, hairdressers, a local grocery shop as well as larger supermarkets.
There is a weekly market selling local produce. There are also a number of public houses & cafes. Alternatively Southam offers a range of different takeaway options if you prefer a night in.
Other amenities include a post office, banks, doctor's surgeries, health clinic & dentists.
The town has a thriving network of clubs, community groups and recreational activities, a leisure centre, sports clubs from bowling to rambling, Rotary, wi, Lions, Darby & Joan as well as special interest groups including baking, bridge, singing, amateur dramatics, crafts and more.
Tithe Lodge Tithe Lodge offers a completely different lifestyle when compared with conventional retirement schemes; the emphasis is very much on independent living in your own apartment yet within a community.
You would have peace of mind knowing that care is on site as and when you may need it, enabling you to live independently in the comfort of your own home.
Entrance Hall Communal area leading to front door.
Hallway Large storage cupboard housing boiler, second storage cupboard with shelving space, alarm call system and doors to: Lounge/Diner Double glazed door leading to Juliet balcony overlooking the church grounds, radiator, carpet and television point, telephone point, intercom and opening into: Kitchen Fitted kitchen with wall and base units with work surface over, incorporating one and half bowl stainless steel sink/drainer unit, integrated electric oven and inset to work surface electric hob with cooker hood over, integral fridge/freezer and laminate flooring.
Bedroom One Double glazed window looking over the church grounds, inbuilt wardrobes, fully carpeted and a radiator.
Bedroom Two Double glazed window looking over the church grounds, radiator, fully carpeted.
Wet Room Wet room fitted with large shower screen separating the shower area with electric shower, wash hand basin, low level WC, fully tiled walls to shower area, extractor fan and radiator.
Vendors Notes Shared-ownership, two-bedroom flat in a retirement complex in Southam. The lease is for 125 years with an unexpired term of 112 years.
The equity share held is the maximum permissible (99%). Monthly charge amount of £670.30 approx. That sum comprises: Rent £190.30 approx.
Service charge - £471.62 Supporting people - £73.28 Water rates - £8.38 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
Set an offer; the calculator follows it.
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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.
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FAQ
About 64, Tithe Lodge, Little Park, Southam
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