2 bed block of apartments to buy in CV21

Northcote Road, Rugby, Warwickshire, CV21 2EJ

Brochure

Bedrooms: x 2

Receptions: x 1

Tenure: Freehold

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Starting bid£160,000

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Key Information

Council tax: Band A
EPC rating: C
Heating supply: Gas
Electricity: National Grid
Mobile signal: Good
Parking: Off Street

Property features

Being Sold via Secure Sale online bidding. Terms and Conditions apply

2 bed block of apartments to buy in CV21

We are delighted to present an excellent investment opportunity to acquire two FREEHOLD, fully converted one-bedroom apartments, each benefiting from off-road parking and ideally situated within a quiet cul-de-sac on the outskirts of Rugby town centre.

These well-proportioned ground and first-floor apartments are offered to the market with long-term tenants in situ, making them an attractive proposition for investors seeking immediate rental income. While the properties would benefit from a programme of modernisation, they offer significant potential to enhance both capital value and rental yield.

Both apartments provide similar accommodation of comparable size, comprising an entrance hall, a spacious living room, a generously sized double bedroom, a bathroom, and a kitchen. The layout of each unit has been thoughtfully designed to maximise space and functionality, appealing to a broad range of tenants.

LOCATION The property is superbly located within comfortable walking distance of Rugby town centre, offering an excellent mix of High Street brands and independent retailers, as well as a wide choice of bars, restaurants, and leisure facilities. Rugby railway station is also within walking distance and provides frequent direct services to London Euston in under 50 minutes, making this an ideal location for commuters.

The property benefits from excellent transport links, with easy access to major road networks including the M6, M1, A5, and A45, allowing for convenient travel throughout the region. The area is well served by a range of junior and senior schools, including the highly regarded Lawrence Sheriff Secondary School, which is just a short walk away. Rugby railway station is approximately 1.7 miles away, Elliott's Field Retail Park is around 1.2 miles away, and M6 Junction 1 is approximately 5 miles from the property.

GROUND FLOOR APARTMENT

ENTRANCE

INNER HALL WAY

LIVING/DINING ROOM 17' 1" x 14' 10" (5.21m x 4.52m)

BEDROOM 12' 9" x 10' 9" (3.89m x 3.28m)

KITCHEN 14' 10" x 8' 6" (4.52m x 2.59m)

BATHROOM

FIRST FLOOR APARTMENT

ENTRANCE HALL, STAIRS & LANDING

LOUNGE/DINING ROOM 17' 4" x 14' 10" (5.28m x 4.52m)

KITCHEN 9' 8" x 8' 6" (2.95m x 2.59m)

BEDROOM 12' 9" x 11' 11" (3.89m x 3.63m)

BATHROOM 7' 3" x 5' 6" (2.21m x 1.68m)

COUNCIL TAX Band A

PARKING

OUTSIDE Shared off-road parking available.

Open map Street view

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

Please log in to view and download the legal pack files.

Heating supply: Gas
Electricity supply: National Grid
Water supply: Direct mains water
Sewerage supply: Standard UK domestic
Air conditioning: No
Mobile signal: Good

Construction

Year built: 1900
Construction materials: Brick and block
Roofing types: Slate tiles

Building Safety

Property at particular risk of floods and/or erosion: No
Has flooded in last five years: No
Has flood defences: No
Has planning permission or proposals for development that will affect property: No
Is on a coalfield or mining area: No

Rights and Restrictions

Is listed building: No
Is conservation area: No
Has public right of way: No
Has accessibility adaptations: No
Has restrictions: No
Has required access (easements, servitude or wayleaves): No

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