1-bedroom flat · CV32 5GD
Listing removedListed 404 days
Opportunity summary
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About
Built in the late 20th century and enviably positioned in a prestigious North Leamington Spa setting, Oakfield House is a well-regarded retirement development exclusively for residents aged 60 and over.
The building is ideally placed for convenient access to the town centre, while also offering beautifully maintained communal gardens, a residents’ lounge, guest suite, and communal parking.
This well-presented second-floor apartment is offered for sale with no onward chain and provides comfortable, low-maintenance living with both lift and stair access.
A welcoming communal entrance hall leads to the apartment. Inside, the accommodation comprises a central hallway connecting all rooms.
At the heart of the home lies a bright reception room with space for both sitting and dining, and large double-glazed windows framing views across the communal gardens.
A neatly presented kitchen adjoins the reception space, fitted with a range of cabinets and work surfaces, while the spacious double bedroom offers ample room for furnishings.
Completing the accommodation is a modern shower room. Externally, the development enjoys attractive south-facing communal gardens, thoughtfully landscaped and maintained to a high standard.
Residents also benefit from communal parking along with a warm and friendly community environment fostered by Oakfield House’s shared facilities.
Material Information: Council Tax: Band C Local Authority: Warwick District Council Broadband: Ultrafast Broadband Available (Checked on Ofcom Sept 2025) Mobile Coverage: Limited Coverage (Checked on Ofcom Sept 2025) Heating: Electric Heating Listed: No Tenure: Leasehold (Roughly 59 years) Service Charge: £2,329.80 PA Ground Rent: N/A Location: Oakfield House is enviably positioned on the prestigious, tree-lined Binswood Avenue in the heart of Royal Leamington Spa.
The Parade, Leamington’s main high street, is just a short 10-minute walk away (0.3 miles) and offers an excellent selection of restaurants, cafés, shops, and leisure facilities.
Green spaces are also close at hand, with the renowned Jephson Gardens (0.8 miles) and Victoria Park (1.1 miles) both within easy reach.
The Royal Pump Rooms, home to an art gallery, museum, library, and assembly rooms, sit at the southern end of The Parade (0.9 miles).
For commuters, Leamington Spa train station is a 5-minute drive or around 20 minutes on foot (1.3 miles), providing direct services to London Marylebone (1 hour 20 minutes) and Birmingham stations (33 minutes).
The town also benefits from excellent road links via multiple junctions of the M40, making travel to London and the wider West Midlands straightforward.
Birmingham International Airport is just 32 minutes away by car, offering both domestic and international flights.
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 Binswood Avenue, Leamington Spa, Warwickshire, CV32
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