Summary - Market Place, CV21 CV21 3DY
1 bed 1 bath Flat
Town-centre position with long lease and immediate rental income potential.
Second-floor flat in converted Art Deco building
A long-lease, town-centre flat offering straightforward rental potential in Rugby. Located on the second floor of a recently converted Art Deco building, the property is presented in good internal order and benefits from an open-plan kitchen/living area, a double bedroom and a modern shower room. The current tenant pays £660 pcm, so the sale can be completed with an income stream in place if required.
Practical running costs are clear: over 900 years remain on the lease (approx. 991 years), annual service charges are around £1,700 and council tax is very low. Heating is by electric room heaters, and the main fuel is electricity, which buyers should factor into running-cost forecasts. The flat extends to approximately 473 sq ft — a compact, city-centre layout suited to single occupants or investors.
Drawbacks are factual and material: there is no dedicated parking (only on-street), the building sits in a higher-crime area of the town centre, and the property relies on electric heating rather than gas central heating. Broadband speeds are fast and mobile signal is excellent, and the flat is a short walk from shops, restaurants and public transport, which supports lettings and convenience for owner-occupiers.
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