1-bedroom flat · CV47 2ED
For saleReduced £10k (−5.6%) on 21 JunListed 301 days
Opportunity summary
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About
Summary **one double bedroom**ground floor apartment**999 years lease from 2022**open plan living**ample storage space**allocated parking space**perfect as A first time buy or investment** description Connells are delighted to market this immaculately presented one bedroom ground floor apartment ideally situated within the sought after David Wilson bishops hill development.
The property briefly comprises of an entrance hall, open plan lounge, kitchen & dining, double bedroom, bathroom and allocated parking space. Benefitting from a 999 year lease.
Amenities within the village offer a Doctors Surgery, Church, Primary School, Recreational facilities, Community/Youth Centre and Social and Community activities.
A variety of shops including a Co-op Supermarket, Post Office/Village Shop, Newspaper Shop, Fish and Chip Shop, Social Club and a Public House.
There are excellent bus services to the neighbouring towns and villages and easy access to the market town of Southam and its comprehensive range of amenities and facilities including the highly regarded Southam College for secondary education.
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 historic town of Warwick, famous William Shakespeare's hometown of 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. Communal Entrance Via telephone entry system with access to the flat situated on the ground floor.
Entrance Hallway Welcoming entrance hallway having two generous storage cupboards, laminate flooring, a radiator and doors to all rooms.
Open Plan Lounge/Kitchen/Diner 14' x 16' 2" ( 4.27m x 4.93m ) Lounge Area Light and airy consisting of two radiators, laminator flooring and two double glazed windows to rear elevation.
Kitchen/Diner Area Modern kitchen fitted with wall and base units with complementary work surfaces over and upstand, incorporating a sink and drainer unit.
Integrated appliances include; an electric oven, gas hob with cooker hood over, a dishwasher and a fridge/freezer. Comprising a cupboard housing the gas central heating boiler.
Bedroom 11' 1" x 12' ( 3.38m x 3.66m ) Double bedroom having a radiator and a double glazed window to front elevation.
Bathroom Modern white three piece suite, fitted with a wash hand basin, bath with shower over and a low level W/C.
Having partly tiled walls, a heated towel rail, laminate flooring and a double glazed window to front elevation. Parking Allocated parking for one car.
Lease Information The property is leasehold with a lease length of 999 years from 1st April 2022. This property is subject to management costs to include; an annual service charge of £1344.
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 95, Ropeway, Southam
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