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Northcote Road, Rugby, Warwickshire, CV21 2EJ

West Midlands

£160,000
Listed on 01/05/2026

Property Details

Bedrooms
2
Type
Block Of Apartments

Description

This property presents a promising investment opportunity featuring two freehold, one-bedroom apartments, each with off-road parking, located in a tranquil cul-de-sac on the outskirts of Rugby. Both units are currently tenanted, providing immediate rental income for prospective investors. While these apartments are well-sized and functional, they would greatly benefit from a modernization effort to unlock their full potential, enhancing both capital appreciation and rental returns. The ground and first-floor apartments offer similar layouts, including an entrance hall, spacious living areas, large double bedrooms, kitchens, and bathrooms, all designed with practicality in mind. Their thoughtful configurations cater to a diverse range of tenants. Strategically positioned within walking distance of Rugby town centre, these properties enjoy easy access to an array of shops, eateries, and leisure options. The nearby Rugby railway station offers reliable services to London Euston in under 50 minutes—ideal for commuters. Transport links are robust with quick access to the M6, M1, A5, and A45 highways. Local amenities include reputable schools such as Lawrence Sheriff Secondary School and retail parks like Elliott's Field Retail Park just over a mile away. With some investment in modernisation, these apartments could see considerable increases in both value and yield.

Investment Analysis

(CV21 area)
Area Average
£257/sq ft
Avg Rent (weekly)
£219
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (CV21)

Area prices are falling by -3.9% over the last 12 months
3 year growth: -1.0%
5 year growth: +12.8%
Investment Disclaimer: Analysis based on CV21 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Northcote Road, Rugby, Warwickshire, CV21 2EJ
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£571
Based on a loan of £120,000 over 30 years at 3.97% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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