Summary - CROWN TERRACE, 10 FLAT 20 HIGH STREET LEAMINGTON SPA CV31 3AN
2 bed 1 bath Flat
Compact, income-ready apartment close to station and town centre.
Let for £1,300pcm — immediate rental income
Situated within easy walking distance of Leamington Spa town centre and the railway station, this two-bedroom flat offers a compact, income-producing opportunity. The property is currently let for £1,300pcm, making it immediately cashflow-positive for a buy-to-let purchaser. The apartment is arranged around an open-plan kitchen/living space, two double bedrooms with built-in wardrobes and a walk-in shower.
The flat sits in a traditional block with high ceilings referenced in the building description and benefits from double glazing and a security entry system. Practical considerations include electric room heaters and an EPC rating of D; walls are cavity as built with no confirmed insulation, which may affect heating costs. Service charges run at approximately £1,857.59 per annum and there are around 120 years remaining on the lease (ground rent peppercorn).
This is best suited to investors seeking a central, low-maintenance rental in a student/cosmopolitan area, or buyers prepared to update heating and energy efficiency. Notes of caution: crime is recorded as above average for the area, the apartment is relatively small at about 410 sq ft, and heating is electric rather than gas, which can increase running costs. Buyers should verify lease and service charge details and consider energy improvements to enhance long-term returns.
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