1-bedroom flat · CV21 2AY
Listing removedListed 335 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Brown and Cockerill Estate Agents are delighted to offer for sale this well presented ground floor one bedroom apartment which is restricted to residents over the age of 55 years.
The purpose built block is three storeys and is of standard brick built construction. There is a 70% affordable home covenant applicable to the property.
Rugby town centre offers a wealth of shops and stores, public library, churches of several denominations, supermarkets, numerous restaurants/cafes, takeaway outlets and public houses.
Rugby railway station operates a regular mainline intercity service to Birmingham New Street and London Euston in under an hour.
There is also easy commuter access to the surrounding M1/M6/A5 and A14 road and motorway networks making the location ideal for those wishing to commute.
There is a secure entry system with stairs and lift to further floors.
The apartment is situated on the ground floor and in brief, comprises of an entrance hall with a storage cupboard, an open plan lounge/dining room/kitchen.
The lounge area has a feature electric fire and the kitchen area has a four ring induction hob with extractor over, oven/grill, space for a fridge/freezer and plumbing for an automatic washing machine.
The well proportioned bedroom has a built in wardrobe and the fully tiled shower room is fitted with a three piece white suite to include a shower enclosure, vanity unit with inset wash hand basin, low level w.c., electric towel rail and a wall mounted mirror with lighting.
The property benefits from Upvc double glazing and electric heating and has mains services connected (with the exception of gas).
Within the purpose built block is a communal library, sitting room, building manager and a laundry room (charged at extra cost per use).
Externally, there are well tended communal gardens and a large communal parking area. (Parking spaces are not allocated). Early viewing is highly recommended to avoid disappointment.
TENURE: Leasehold. The lease is a non-assignable lease so therefore, a new 99 year lease will be made available upon completion.
Service Charge: £222 per month, covering ground rent, buildings insurance and maintenance of communal areas and grounds.
Entrance Hall 9' 0" x 7' 2" maximum (2.74m x 2.18m maximum) Lounge/Dining Room/Kitchen 22' 1" x 11' 0" (6.73m x 3.35m) reducing to 22' 1" x 9' 1" (6.73m x 2.77m) Bedroom 12' 9" x 9' 0" (3.89m x 2.74m) Shower Room 9' 0" x 4' 8" (2.74m x 1.42m)
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 Brooke Court, Little Pennington Street, Rugby, CV21
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