Summary - 55 FLAT 1 OLD HINCKLEY ROAD NUNEATON CV10 0AA
2 bed 1 bath Apartment
Private entrance with easy town centre and rail access.
• Ground-floor two-bedroom apartment with private entrance
• Generous room proportions and high lounge ceilings
• Off-street parking and communal gardens
• Presented tidy but basic; requires modernisation
• Gas central heating; solid brick walls likely uninsulated
• Service charge £2,400pa; ground rent £120pa
• Lease length 80 years — lenders may refuse mortgages
• Best for cash buyers, investors or buyers planning a lease extension
This ground-floor two-bedroom apartment sits on a well-established road near Nuneaton town centre and the railway station. It benefits from a private entrance, generous room proportions for an apartment, and high ceilings in the living room that convey a sense of space. Communal gardens and off-street parking add practical value for everyday life.
The accommodation is presented in neutral, tidy condition but is basic in finish and would benefit from modernisation to kitchens, bathroom and decorative details. Heating is gas-fired via a boiler and radiators; the building is solid brick and likely lacks cavity wall insulation. Service charge and ground rent are payable and should be factored into ownership costs.
A material drawback is the lease length: 80 years remaining. Many mortgage lenders restrict loans on shorter leases, so buyers should seek specialist mortgage advice or factor the cost and timescale of lease extension into their budget. The property is therefore best suited to cash buyers, investors aware of lease issues, or purchasers prepared to arrange financing that accommodates shorter leases.
Overall this is a practical, characterful apartment offering low-maintenance living close to amenities. It presents a clear opportunity for buyers wanting larger-than-expected rooms and scope to add value through cosmetic upgrading, but the lease position is a significant legal and financial consideration and must be verified before proceeding.
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