Large Victorian flat with planning to convert to three 1-bed apartments — conversion upside.
Private entrance from George Street
Located on George Street in the heart of Leamington Spa, this mid-terraced Victorian flat occupies two bays of a period terrace and offers 1,408 sqft across two storeys. The layout currently provides four spacious bedrooms (two with en-suite), lounge, dining room, kitchen with utility area, office/bedroom, WC and a small height-restricted basement. There is a private street entrance and a shared outside courtyard. The property benefits from double glazing, mains gas central heating (boiler and radiators) and an EPC rating of D 62.
The principal value driver is planning permission already granted (reference W/25/0708) to subdivide the property into three one-bedroom apartments — an option that suits investors or developers targeting the strong local rental market for students and professionals. Central town location places transport links, amenities and several well-regarded schools within walking distance, supporting lettability and re-letting speed.
Important considerations: the sale is freestanding but sold subject to a flying freehold; tenure details should be confirmed. The building is of solid brick construction with assumed no wall insulation, and some internal areas show dated decor and will require refurbishment or updating. There is a noted higher local crime level, limited private outdoor space and a small basement with restricted head height. Services have not been tested and any purchaser must satisfy themselves as to condition.
Overall this is a mid-sized period property with immediate conversion upside for an investor or a buyer willing to renovate. The granted planning permission materially increases flexibility — but purchasers should factor in refurbishment costs, potential party-wall or flying-freehold implications and the town-centre location when assessing returns.
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