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Two-bedroom first-floor apartment, tenanted

Rugby, CV21 - Get Access

2 bed 1 bath

Description

Tenanted investment opportunity comprising a two-bedroom first-floor apartment, benefiting from an open-plan kitchen and living area, along with allocated parking. The current rent payable is £9,840 per annum, achieving a yield of approximately 12%. The property is held on a leasehold basis with 105 years remaining. The accommodation on the first floor comprises a hallway, an open-plan kitchen/lounge measuring 22 ft 9 in max x 14 ft 5 in max, bedroom one measuring 12 ft 7 in max x 10 ft 3 in, bedroom two measuring 10 ft 6 in x 7 ft 2 in, and a bathroom. Externally, the property features an allocated parking space. Electricity, water, and sewage are supplied to the property, and heating is provided via electric heating. The property falls under EPC Rating C and Council Tax Band B. The tenure is leasehold subject to tenancy, with a 125-year term commencing from 1st December 2006. The ground rent and service charge are £466 per quarter, and building insurance is £279 per annum. The tenancy commenced on 6th February 2026 with a rent payable of £820 per calendar month. This represents an ideal investment opportunity in a convenient location.
Comparable sales
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Asta Court, 7, Chestnut Field, CV21 2TL 0.0 mi
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£118,000
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Asta Court, 7, Chestnut Field, CV21 2TL 0.0 mi
Flat
£118,000
1 year ago
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 624 sq ft (EPC)

This first-floor flat is a modern purpose-built property located in Rugby. The interior is well-maintained but features slightly dated fixtures and fittings. Floor area is established at 624 sq ft from EPC data.

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