Rugby, CV23 0GL | Investment Property for Sale | VES-CV23-001

Opportunity to purchase an apartment in Rugby generating £6,300 rent pa & gross yield of 6%

£100,000

Studio apartment

VES-CV23-001

INITIAL INVESTMENT

£30,500

Based on

deposit: £25,000

stamp duty: £3,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£6,300

GROSS YIELD

6.3%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£150

SERVICE CHARGE

£650

1 bedroom

1 bathroom

1 reception room

353

Unfurnished

Leasehold information

  • Length of lease: 125 years
  • Year lease started: 2006

Property information

  • Located on the first floor
  • Open plan living/bedroom area
  • Juilet balcony accessible from the living area
  • Extra storage in the hallway
  • EPC rating C
  • Allocated parking
  • Monthly rental income £525

Location information

  • The property is located in the Coton and Boughton ward of Rugby within a residential area
  • Rugby city centre is just over 3 miles by car from the property
  • Rugby train station is 2.2 miles from the property

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

Tenancy

RENT

£6,300 p.a. / £525 pcm

TENANCY DEPOSIT

£605

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

14 months ago

TENANCY AGREEMENT ENDS

Periodic

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Rugby, Warwickshire

Rugby is a market town in Warwickshire, England, and lies around 83 miles north of London, 30 miles east of Birmingham and 11 miles east of Coventry.

The town is located near several major roads such as the M6, M1 and M45 motorways, the A5, A14 and A45 roads, connecting it to the rest of the country.

Rugby railway station is on the West Coast Main Line and runs regular services to London Euston, Birmingham New Street, Stafford and Crewe. Less frequent train services go to Glasgow Central, Manchester, Chester, Liverpool, Blackpool, Preston, Carlisle, Wolverhampton and Lancaster.

There are two airports nearby, Birmingham Airport, which can be reached via direct rail links, and Coventry Airport. Coventry Airport currently doesn’t offer any public or chartered flights.

Rugby is most famous for the invention of rugby football by pupils of the local school. The statue of William Webb Ellis is one of the most visited parts of town. Other places of interest include the Rugby School Museum, the Webb Ellis Rugby Football Museum, Benn Hall, Newbold Quarry Park and Swift Valley Nature Reserve. Other nearby places of interest include Brandon Marsh, Dunchurch, Draycote Water, Stanford Hall, Brownsover Hall and Ryton Organic Gardens.

The main shopping area in town is centred around the streets surrounding the Clock Tower, including the Rugby Central Shopping Centre and the street market which is open every Monday, Friday and Saturday. There area also several out of town retail parks. Education is provided by several primary and secondary schools as well as Rugby College.

The local economy is made up of the engineering sector, cement making, tourism, as well as warehousing, distribution and light industry. Some of the larger employers include Alstom, Rolls-Royce, Cemex and Hermes.

Crackthorne Drive,

Rugby,

Warwickshire,

England,

CV23 0GL

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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