2-bedroom flat · CV21 1UH
Sold STCListed 106 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market with NO UPWARD CHAIN this TOP FLOOR Stylish CALA Homes built Apartment benefits from an excellent Eden Park location, a long 993 Year Lease and a parking space.
Beautifully presented throughout the accommodation briefly comprises : Hallway, Modern Living/Dining/Kitchen Space, Two Bedrooms, One En-Suite plus a Main Bathroom.
Externally there is a private parking area plus secure intercom entry.
Additional benefits include Double Glazing throughout, Gas Central Heating and a prime North Rugby commuter location with great access to M6, M1, A5 and A426.
Communal Entrance & Hallway - Secure intercom front door with tidy and clean communal stairwell. Apartment Hallway - Vinyl Amtico Flooring. Composite front door.
Doors off to Living Space, both bedrooms, bathroom and airing cupboard. Loft access hatch. Radiator. Living / Dining / Kitchen - Vinyl Amtico flooring.
Double glazed windows to two aspects (one overlooking the parking area). Two radiators, Range of quality base and eye level units with work surfaces over.
A full range of integrated appliances to include Fridge, Freezer, Oven, Gas Hob with Extractor, Dishwasher and a Washer/Dryer. Stainless steel sink/drainer. Under cabinet feature lighting.
Bedroom One - Double glazed window. Radiator. Fitted wardrobe. Door to En-Suite. Wood panelling to one wall. En-Suite - Vinyl Amtico flooring. Pedestal wash hand basin. Low flush WC.
Heated towel rail. Extractor. Enclosed shower cubicle. Shaver point. Bedroom Two - Double glazed window. Radiator. Bathroom - Vinyl Amtico flooring. Double glazed window. Panelled bath with mixer tap.
Extractor. Pedestal wash hand basin. Low flush WC. Heated towel rail. Shaver point. Parking - Located via an archway at the side of the building. Allocated numbered space.
Leasehold Notes - Lease Term 999 Years from 2020 Ground Rent - A Peppercorn (basically zero) Service Charge - £1473 per annum (based on current year) Money Laundering Regulations - Should a purchaser(s) have an offer accepted on a property marketed by Ellis Brooke Estate Agents, they will need to undertake an identification check and be asked to provide information on the source and proof of funds.
This is done to meet our obligations under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service to verify your information.
The cost of these checks is £25 (inc VAT) which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.
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
Agent & docs
FAQ
About Magnolia Avenue, Eden Park, Rugby
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