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2a & 2b Northcote Road, Rugby

West Midlands

£160,000
Listed on 15/04/2026

Property Details

Bedrooms
2
Type
Block Of Apartments

Description

This unique property presents a promising investment opportunity, comprising two freehold one-bedroom apartments that have been fully converted. Nestled in a tranquil cul-de-sac on the edge of Rugby, each apartment comes with off-road parking and currently has long-term tenants in place, providing an immediate source of rental income. While the apartments are well-proportioned, they would benefit from a modernization effort to elevate their appeal and enhance potential rental yields and capital value. Both units offer similar layouts featuring an entrance hall, spacious living room, generously sized double bedroom, bathroom, and kitchen designed for functionality. The thoughtful design aims to maximize space, making these properties suitable for a wide range of tenants. Located within easy walking distance to Rugby town center and its array of shops, bars, and restaurants as well as excellent transport links including Rugby railway station—providing direct access to London Euston—this area is highly desirable for commuters. With additional access to major road networks such as the M6 and M1 nearby, this location boasts convenience alongside comfort. The surrounding community also benefits from reputable schools adding to its attractiveness for families.

Investment Analysis

(CV21 area)
Area Average
£258/sq ft
Avg Rent (weekly)
£230
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (CV21)

Area prices are falling by -5.0% over the last 12 months
3 year growth: -1.9%
5 year growth: +10.2%
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

2a & 2b Northcote Road, Rugby
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£567
Based on a loan of £120,000 over 30 years at 3.91% 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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