Ready-made let in Woodside Park with long lease and excellent rail links..
Tenant in situ until Jan 2026 generating £9,000 pa
Long lease remaining — c.122 years (lease from 2020)
Built 2020 with modern fittings and oak internal doors
Allocated off-street parking space and lift access
Service charge approx £1,152.79 pa; ground rent TBC
Electric room heaters — higher running costs likely
Walking distance to Rugby train station (fast links to London/Birmingham)
Area records higher crime and local deprivation — consider rental risk
A well-presented one-bedroom first-floor apartment in Woodside Park, built in 2020 and offered with a tenant in situ. The open-plan living/kitchen has oak doors and flooring, a Juliet balcony from the large double bedroom, and allocated off-street parking. Practical features include secure entry, lift access, and neatly maintained communal gardens.
This unit is suited to investors seeking immediate rental income: current tenancy runs to January 2026 at £750 pcm (£9,000 pa). The long lease (about 122 years remaining) and modern construction reduce medium-term ownership risk, while proximity—about a five-minute walk—to Rugby train station supports commuter let potential.
Buyers should note some recurring costs and area considerations. Service charges total around £1,152.79 per year and ground rent is listed as TBC; the property is leasehold. Heating is electric (room heaters), which may affect running costs and tenant appeal. The local area records higher crime levels and relative deprivation, factors to weigh against rental yields and long-term growth.
Overall, this is a low-maintenance, modern apartment offering hands-off rental income and strong transport links. It will suit investors wanting a ready-made let in a commuter town, though budget for service charges and potentially higher utility costs due to electric heating.
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