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Draycote, Rugby, CV23

West Midlands

£625,000
Listed on 22/10/2024

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1044 sqft

Description

This property presents a rare chance to design and construct an exceptional family residence in a charming rural environment. Currently, Manor Cottage is a detached bungalow that requires extensive renovation, situated on a generous plot complete with outbuildings. The site benefits from approved planning permission for a replacement dwelling, allowing for creative freedom in your development plans. Located in picturesque Draycote, the property provides easy access to major roadways such as the M45, M1, and A45, enhancing connectivity. Just five miles away lies Rugby town centre, which offers a diverse range of shopping options and recreational facilities, alongside highly regarded independent schools including Rugby School and Bilton Grange. Interested parties are encouraged to review the planning permission documentation (reference R23/0415) available on the Rugby Borough Council’s portal for further insights.

Investment Analysis

(CV23 area)

Above Market Value

This property is priced +88.4% above area average per sq ft

+88.4%
This Property
£599/sq ft
Area Average
£318/sq ft
Avg Rent (weekly)
£301
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£364,962
10% above area average per sq ft
Potential ROI
-52.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (CV23)

Area prices are stable by -1.6% over the last 12 months
3 year growth: -4.0%
5 year growth: +8.7%
Investment Disclaimer: Analysis based on CV23 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

Draycote, Rugby, CV23
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,254
Based on a loan of £468,750 over 30 years at 4.06% 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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