Summary - 97 NEWBOLD ROAD RUGBY CV21 2NG
1 bed 1 bath Residential Development
Consented 122‑unit development site under 1 mile from Rugby town centre, offers invited circa £1.8m.
Full planning consent for 122 apartments and 73 car parking spaces
This prominent freehold brownfield site of approximately 1.48 acres carries full planning consent for a part‑3, part‑4, part‑5 building delivering 122 apartments and 73 off‑street parking spaces. Its elevated position and rectangular layout with vehicular access off Newbold Road make it straightforward to service from the main arterial route through Rugby. The site is vacant and largely cleared, offering a fast route to groundworks and construction mobilisation for a developer or investor.
The location is a key commercial driver: under 1 mile from Rugby town centre, less than a 15‑minute walk to Rugby station and close to Junction One retail. Local amenities, good broadband and mobile coverage, and proximity to several Ofsted‑rated good and outstanding schools support demand from first‑time buyers and young professionals. The planning package includes associated communal services and landscaping, reducing planning risk for immediate delivery.
Known constraints are factual and material. The site is elevated and retained by a brick retaining wall and includes two vacant brick buildings and a disused surfaced car park; these elements will need survey and likely removal or structural works. As a brownfield plot, there may be remediation or abnormal cost risk—buyers should satisfy themselves on ground conditions and services. Crime levels are average and there is no reported flood risk.
Offers are invited in the region of £1.8m for the freehold. This is a clear opportunity for a speculative residential developer or an investor seeking a consented, city‑edge scheme with fast delivery potential, provided allowance is made for demolition, retaining‑wall works and any brownfield remediation.
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