5 bed Block of Apartments in Boughton Road Rugby, Rugby, CV21 1BH £450,000
Description
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Property Ref: 17491
FREEHOLD BLOCK OF FOUR LET FLATS — £43,020 ANNUAL RENT
Boughton Road, Rugby | Offers over £450,000
A freehold residential investment comprising four self-contained flats, offered together with the freehold in a single sale. All four flats are currently let, generating total annual rental income of £43,020, equivalent to £3,585 per calendar month.
THE PROPERTY
Converted from a detached property, with full planning permission and approvals, the accommodation comprises three one-bedroom flats and one two-bedroom flat. The modern interiors include fitted kitchens, contemporary bathrooms and separate living accommodation within each flat.
The property benefits from five currently allocated off-street parking spaces, with parking provision for up to six cars under the approved plans, together with a communal rear garden.
The property is served by electricity only, with no gas supply.
Ownership of the whole block provides control of the building and its shared areas, making this an opportunity for an established portfolio landlord or private investor seeking an income-producing residential asset.
AT A GLANCE
• Four self-contained flats: three one-bedroom and one two-bedroom refurbished to high standards
• All four flats currently let
• Current annual rental income of £43,020
• Modern kitchens and bathrooms
• Five allocated parking spaces; approved plans provide for up to six cars
• Communal rear garden
• Electricity only, with no gas supply
• Entire block and freehold included in the sale
• Sold subject to the existing tenancies
LOCATION AND CONNECTIONS
Boughton Road is conveniently located for Rugby railway station, local shops and everyday amenities including Tesco superstore. Rugby station provides rail connections to London Euston and Birmingham, while the surrounding road network offers access to the M6, M1, A5 and A14.
Shopping and leisure facilities include Elliott’s Field Shopping Park and Rugby town centre. The wider Rugby and Daventry area also accommodates established logistics and distribution employment centres, including Daventry International Rail Freight Terminal (DIRFT).
These connections provide practical access to employment, shopping and regional transport for residents.
RENTAL INCOME AND TENURE
The current annual rent is £43,020 across the four flats. All are professional tenants.The property is offered as one freehold investment, subject to the existing tenancies.
VIEWINGS
Viewings by prior appointment only.
Property Type: Block of Apartments
Full selling price: £450000.00
Pricing Options: Offers in excess of
Tenure: Freehold
Council tax band: A
EPC rating: D
Measurement: 1313.197 sq.ft.
Outside Space: Communal Garden
Parking: Allocated, Off street
Heating Type: Electric Heating
Chain Sale or Chain Free: NA
Possession of the property: NA
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- 5 Bedroom(s)
- 4 Bathroom(s)
- 4 Living Room(s)
Address: Boughton Road Rugby, Rugby, CV21 1BH.
Offers in excess of: £450,000
For more details and to book an appointment, Call our dedicated sales team now.
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Property Floorplans
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EPC Graphs
Property Location
Key Features
Property Details
Property Type: Block of Apartments
Property Tenure: Freehold
Council Tax Band: A
Bedroom(s): 5
Bathroom(s): 4
Living Room(s): 4
Address: Boughton Road Rugby, Rugby, CV21 1BH
Features
Investment Opportunity
Prime Location
Close to Train station
Freehold
Freehold block of four self-contained flats
All four flats let; annual rental income of £43,020
Three one-bedroom flats and one two-bedroom flat
Entire block and freehold offered in one sale
Five allocated parking spaces; approved provision for up to six cars
Communal rear garden
Electricity only; no gas supply
Sold subject to the existing tenancies
Parking
Allocated
Off street
Outside Space
Communal Garden
Heating
Electric Heating