14 Asta Court, Chestnut Field, Rugby, Warwickshire CV21 2TL

Description

Tenanted investment opportunity within the town centre. 2 bedroom first floor apartment with open plan kitchen living area and allocated parking. Current rent payable £9,840 p.a. with yield circa 12%. Leasehold with 105 years remaining. Ideal investment opportunity.

Accommodation

First floor: Hallway; Kitchen/Lounge: 22 ft 9 in max x 14 ft 5 in max; Bedroom 1: 12 ft 7 max x 10 ft 3 in; Bedroom 2: 10 ft 6 in x 7 ft 2 in; Bathroom. Outside: allocated parking space.

Location

Within the town centre.

Tenure / Property Information

Investment Analysis

Recent same-development completed sales range from £111,000 to £118,000 (2024–2025), with an older £125,000 sale in 2022. A base GDV of £118,000 is used, with £111,000–£125,000 as evidence-supported scenarios.

Investment Snapshot

Strategy Recommendation

BTL appears the most supportable strategy, subject to tenancy, rent, service-charge and legal-pack verification. BRRR may leave limited cash invested; flipping is less suitable while tenanted.

Works Required

No refurbishment works are evidenced. The property should be inspected and the legal pack reviewed before assuming any works allowance.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £85,000 guide midpoint plus the £2,880 buyer and admin charges, the base cost is £87,880, excluding unknown special-condition costs and refurbishment. A 75% refinance of the £118,000 base GDV is £88,500, indicating approximately £10,620 could theoretically remain in the property before finance, tax and other costs.

Buy-to-Let Analysis

Using the £85,000 midpoint of the guide, current rent of £820 pcm produces an 11.58% gross yield. Known ground rent/service charge and building insurance total £2,143 annually, leaving £7,697 before other costs, finance and tax. The tenancy and rent should be verified.

Flip Analysis

The £118,000 base GDV less the £87,880 purchase and known-cost basis indicates £30,120 before selling costs, tax, finance and any refurbishment. No selling allowance or refurbishment cost is evidenced, so this is not a reliable net flip surplus.

Investor Risks & Due Diligence

• Unknown Special Conditions of Sale fees, legal fees, searches, transfer fees and disbursements.

• Leasehold liabilities include £466 quarterly ground rent/service charge and £279 annual building insurance.

• The property is tenanted, so possession, tenancy terms and rent payment should be verified.

• No sufficiently specific external rental comparables were identified.

• No condition survey or refurbishment cost evidence is supplied.

Recommendation

BTL appears the most supportable strategy, subject to tenancy, rent, service-charge and legal-pack verification. BRRR may leave limited cash invested; flipping is less suitable while tenanted.

Strategy Rating

Analysis Confidence

Supported by same-development completed sales, current rent and stated charges, but condition, external rental evidence and special-condition costs are unavailable.