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Old Rectory Close, Churchover, Rugby

West Midlands

£400,000
Listed on 29/04/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
1279 sqft

Description

Situated in the serene village of Churchover, Rugby, this detached bungalow on Old Rectory Close offers a promising prospect for renovation enthusiasts or investors. With two spacious bedrooms and a generous living area, the layout is adaptable to various needs, whether for families, couples, or individuals aiming to downsize. The property occupies a sizable plot that invites outdoor improvements, making it perfect for gardening or leisurely enjoyment. The double garage enhances practicality and provides additional storage space that is often sought after. While the interior is in need of modernization, it serves as an open canvas for new owners to implement their personal style and updates. The peaceful village setting fosters a sense of community yet maintains proximity to Rugby’s amenities and transport connections. This bungalow represents an exceptional opportunity in a desirable locale where buyers can take advantage of its potential—transforming it into a customized abode or utilizing it as a longer-term investment. Notably, there had been previous planning permission for an extension that has since lapsed; however, the size and configuration of the property suggest scope for future enhancements pending necessary approvals.

Investment Analysis

(CV23 area)

Below Market Value

This property is priced -1.9% below area average per sq ft

-1.9%
Potential saving
This Property
£313/sq ft
Area Average
£319/sq ft
Avg Rent (weekly)
£296
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£448,449
10% above area average per sq ft
Potential ROI
+1.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (CV23)

Area prices are falling by -3.5% over the last 12 months
3 year growth: -5.6%
5 year growth: +4.0%
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

Old Rectory Close, Churchover, Rugby
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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
£1,427
Based on a loan of £300,000 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.

Stamp Duty Calculator

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