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See how verdicts work3-bedroom house · CV33 9SL
Listing removedListed 161 days
Opportunity summary
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About
Summary open house - Saturday 30th May 10:15 - 11:30, contact us for details.
35% shared ownership home***perfect for first time buyers***three bedrooms***end terrace***still within NHBC warranty***lounge diner***separate kitchen***two allocated parking spaces***private rear garden*** description A fantastic opportunity to acquire a 35% shared ownership, three-bedroom home, situated within a popular modern development in the sought-after village of Bishops Tachbrook.
Set back from the road, the property benefits from a pleasant position with open views to the front and two allocated parking spaces.
Internally, the accommodation is well-presented throughout and briefly comprises a welcoming entrance hallway, a modern fitted kitchen, a convenient downstairs cloakroom, and a spacious lounge/dining room offering an ideal space for both relaxing and entertaining.
To the first floor, there are three well-proportioned bedrooms, providing flexible accommodation for families, home working, or guests, along with a tastefully appointed family bathroom.
Outside, the property enjoys a lawned rear garden, perfect for outdoor enjoyment, along with the added advantage of two allocated parking spaces.
This property offers an excellent opportunity for first-time buyers to step onto the property ladder within a well-regarded and conveniently located development.
Approach The property occupies a pleasant position on the development with two allocated parking spaces to the front with a pathway to the front entrance.
Entrance Hallway Welcoming entrance hallway with stairs rising to the first floor, a radiator and doors to the kitchen, cloakroom and lounge diner.
Downstairs Cloakroom Fitted with a wash hand basin, a W/C and a radiator.
Lounge Dining Room Light and airy lounge consisting of a built-in understairs cupboard, a radiator, a double glazed window to rear elevation and a door leading to the garden.
Kitchen Modern kitchen fitted with wall and base units with complementary work surfaces over and tiling to the splash back areas, incorporating a stainless steel sink and drainer unit.
There is an integrated electric oven and electric hob with cooker hood over, whilst providing space for a washing machine and a fridge/freezer.
Comprising a radiator and a double glazed window to front elevation. First Floor Landing The stairs lead from the hallway, with doors to all bedrooms and the family bathroom.
Bedroom One Double bedroom having a radiator and a double glazed window to rear elevation. Bedroom Two Double bedroom having a radiator and a double glazed window to front elevation with open views.
Bedroom Three Double bedroom benefitting from a cupboard over the stair bulkhead, a radiator and a double glazed window to front elevation with views.
Bathroom Three piece suite fitted with a wash hand basin, bath with mixer taps and shower over and a W/C.
Having partly tiled walls, a heater towel rail, a double glazed window to rear elevation and a cupboard housing the central heating boiler.
Outside Rear Garden Beautifully maintained garden being mainly laid to lawn and fence enclosed, with a patio area. Parking Two allocated parking spaces to the front of the property.
Shared Ownership/Lease Details The property is being sold at a 35% share as part of the shared ownership scheme.
The lease term is 125 years from 20th April 2017 and the current monthly rent on the remaining 65% is £720 which is also inclusive of the service charge.
Any agreed sale is subject to Housing Association eligibility criteria and to contact the branch for more details. The maximum sale share for this property is 80%.
It is subject to a Protected Area Lease with a Mandatory Buy Back Clause. After moving in, the owner has the option to staircase up to 100% ownership.
However, as the lease remains protected, the property will always be leasehold.
If the owner staircases beyond 81% and later decides to sell, the property must be sold back to Platform Housing Limited.
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.
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FAQ
About 15, Doughty Drive, Leamington Spa
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