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Bridget Street, New Bilton, Rugby, CV21

West Midlands

£200,000

Listed on 09/06/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This multi-purpose commercial property presents a unique investment opportunity, particularly with the approved planning permission for converting the ground floor into a one-bedroom apartment. Positioned conveniently near Rugby town centre, this brick-built structure features a tiled roof and is connected to essential mains services, although it lacks gas. With local amenities including shops, eateries, parks, and schools within walking distance, the location enhances its appeal for potential renters or buyers. The property's two-storey layout currently accommodates a shop on the ground floor, which includes two spacious rooms and necessary washroom facilities. A metal staircase leads to an existing one-bedroom apartment on the first floor that is ready for rental. This unit is equipped with electric heating and double glazing while benefiting from a fully tiled shower room and kitchen space. Notably, a new roof was installed within the last four years. The exterior features a small fore garden in front and a concreted area at the rear suitable for off-road parking. Given its current configuration and location, this property is poised for refurbishment that would increase its value significantly. With vacant possession offered and no onward chain, it holds excellent potential for both immediate rental income and long-term growth.

Investment Analysis

(CV21 area)
Area Average
£257/sq ft
Avg Rent (weekly)
£218
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (CV21)

Area prices are stable by -1.9% over the last 12 months
3 year growth: +0.3%
5 year growth: +13.8%
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

Bridget Street, New Bilton, Rugby, CV21
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£756
Based on a loan of £150,000 over 30 years at 4.45% 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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