1 bedroom apartment for sale
Key information
Property description & features
- Double bedroom with built in wardrobes
- Open plan living space with alcove for office or dining table
- Kitchen area with built in appliances
- No chain
- Gross yield of 7.5% Net of service charges and ground rent 6.1%
- Close to train station
- Allocated space in a permit controlled car park
- Stylish bathroom
- Ground floor apartment with secure fob entry system
- 117 years of lease remaining, service charges £87.50 PCM, ground charges £375 = £1,425 total PA
The property
A one bedroom apartment on the ground floor of this popular modern block, close to the town centre, train station and bus station. The property boasts rental potential of £750 PCM which equates to a gross yield of 7.5%. Net of ground rent and service charges the yield is 6.1%. With a double bedroom that has built in wardrobes, a stylish bathroom with shower over the bath and chrome heated towel rail and an open-plan living space with a kitchen area (with built in appliances), and seating area with an alcove perfect for a work-station or dining table. With a designated parking space and secure intercom entry. No chain.
Rugby
Rugby's economy is mainly industrial and distribution. It is an engineering centre and has a long history of producing gas and steam turbines at the GEC and at the AEI. The AEI was earlier British Thomson-Houston or BTH. They used to dominate employment in the town. They are now amalgamated to form Alstom. Engineering in Rugby is still the most important sector. There are three new retail parks, "Elliot's Field" which is leisure and fashion centric, "Junction One" which has a 9 screen cinema and several shops and fast food outlets. "Technology Drive" is mainly home stores and DIY based. Elliot's Field has launched a second phase with more big names to compliment the existing retailers. There are many excellent schools In Rugby including grammar schools (Lawrence Sherrif for boys, Rugby High School for girls), Ashlawn School and of course the world famous Rugby School where the modern game of Rugby was born.
Did you know?
Rugby is credited as the town that gave the inspiration for the modern Olympic Games, the invention of the laser, hologram and jet engine and enjoys a growing tourism economy as the council and other partners increase the promotion and marketing of the town which is the fastest growing in the West Midlands. London is only 54 minutes away by (non-stop) train, and the town is excellently positioned for the M1, M6, A14 and A5 as well as the A45, A46 and DIRFT.
The agent
We are a local, family owned and run firm of estate and letting agents. We specialise in character homes both in town and the villages, as well as small new build developments. If you are unsure of the value of your home, or simply haven't chosen an agent to sell or let it, we'd love to show you what we can do for you. For valuations, mortgages, conveyancers and more contact the local office. We partner with other quality local businesses to keep more business in the local economy.
Council Tax Band: A
Tenure: Leasehold
Lease Years Remaining: 117
Ground Rent: £375.00 per year
Ground Rent Review Period: 20 years
Ground Rent Increase: 0%
Service Charge: £1050.00 per year
Places of interest
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Property reference 12543613. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Cadman Homes - Rugby.
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Broadband availability and predicted speed: obtained from Ofcom on February 14, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
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Mobile phone signal availability and predicted strength: obtained from Ofcom on February 14, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on April 12, 2016 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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