Summary - Apartment 1 St. Lukes Passage, Augusta Place CV32 5EL
1 bed 1 bath Flat
Low-maintenance town-centre flat with immediate rental income potential.
Ground-floor one-bedroom apartment in secure gated development
A compact one-bedroom ground-floor apartment in a gated development, offered with no onward chain and energy rating B. The open-plan living area and modern shower room deliver low-maintenance, economical town-centre living close to Leamington Spa’s shops and transport.
This unit is well suited to investors: there is a six-month assured let in place at £900 PCM (around 4.97% yield) and the building’s secure electric gates and communal entrance support long-term lettability. The flat’s contemporary finishes, laminate flooring and double-glazed window keep running costs modest.
Buyers should note material details clearly: this is a leasehold property with 117 years remaining, an annual service charge around £1,200 and ground rent of £150. Parking is on-street only and there is no private garden. The property sits in a location recorded with very high crime and a medium flood risk, factors buyers or lenders will want to consider.
Overall this is a practical, low-upkeep investment or first-home option for someone prioritising central location and rental potential over private outdoor space. The layout is compact — inspect internally to confirm room sizes and suitability for your plans.
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