2-bedroom flat · CV31 3SN
For saleReduced £10k (−4%) on 30 SepListed 74 days
Opportunity summary
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About
Summary open house - Wednesday 19th August 16:00 - 16:45, contact us for details.
** open day 19th August ** ground floor ** two double bedrooms ** perfect first time buy ** great location ** no onward chain ** staircase option available ** energy rating B ** available for shared ownership ** description This well-presented two double bedroom ground floor apartment is offered for sale with no onward chain, making it an excellent opportunity for first-time buyers or investors.
Tucked away in a secure and quiet residential area whilst being perfectly positioned in the heart of the town centre, within walking distance of the train station, local parks, bars and restaurants, this home provides excellent transport links and is ideal for commuters and those looking to stay well connected.
The accommodation is accessed via a secure communal entrance hallway, leading to the apartment’s private entrance.
Inside, a welcoming hallway provides access to all rooms and features two generously sized storage cupboards, ideal for practical living.
The apartment offers a bright and spacious open-plan lounge, dining and kitchen area, creating a modern and sociable living space.
There are two well-proportioned double bedrooms and a main bathroom fitted with contemporary fixtures.
Additional benefits include gas central heating and allocated parking, ensuring comfort and convenience.
Communal Entrance Well maintained communal entrance with access to the apartment situated on the ground floor.
Entrance Hallway Welcoming entrance hallway with a telephone entry system, a radiator, a storage cupboard housing the boiler and doors to all rooms.
Lounge/Dining Area Light and airy lounge/dining area consisting of two radiators and a double glazed window to side elevation.
Kitchen Area Modern kitchen fitted with wall and base units with complementary work surfaces over and upstand, incorporating a stainless steel, sink and drainer unit, space for appliances.
Bedroom One Double bedroom having a radiator and a double glazed window to side elevation. Bedroom Two Double bedroom having a radiator and a double glazed window to front elevation.
Bathroom 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 and an extractor fan.
Parking Allocated parking space to the front of the property with additional (unallocated) parking for residents and visitors to the rear.
Lease Details The lease term is 125 years from 1st October 2019 and annual service charge of £1163.40.
Buyer Aml Fee Please note that the aml fee covers the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
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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We're still gathering serviced-accommodation data for this area.
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 1, Stephenson Court, Station Approach, Leamington Spa
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