2 Bed Flat For Sale Torrance Road, Rugby, CV21

£155,000- Flat

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We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.
Last Updated: 28th June 2024

Description

Guide Price = £145,000 - £155,000 \r
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Property for auction on 10th July at 13:00 at Avery Fields, 79 Sandon Rd, Birmingham B17 8DT - Public Auction including Live Stream & Telephone Bidding.\r
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Property Description:\r
An attractive investment opportunity comprising of two very presentable one bedroom flats located in a popular residential area. The two flats are contained within a former semi-detached dwelling house of brick construction with hipped tile clad roof which was converted with planning consent granted by Rugby Borough Council (Ref: R06/04/360PLN) and dated 28th April 2006. Each flat benefits from UPVC double glazed windows, electric heating and off road car parking space. \r
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The property is located in a cul-de-sac forming part of an established residential area and is conveniently within less than mile from Rugby Town Centre and 4 miles to the South from the M6 Motorway (Junction 1). \r
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Tenancy Information \r
76B (Ground Floor) Vacant. \r
76A (First Floor): Let on an Assured Shorthold Tenancy at a current rental of £595 per calendar month (£7,140 per annum). \r
The tenant has indicated that they would like to remain at the property for the foreseeable future and would accept a rent increase on renewal of their tenancy agreement. \r
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Accommodation:\r
Ground Floor - Flat 76B: \r
Entrance Hall, Open plan Lounge/Dining Room/Kitchen with range of recently installed units, Double Bedroom with En-suite Shower Room with wash basin and WC. \r
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First Floor - Flat 76A: \r
Stairs and Landing, Open plan Lounge/Dining Room/Kitchen: 4.54m x 3.70m with range of modern kitchen units, Double Bedroom: 4.55m x 2.90m, Bathroom: 1.69m x 1.62m with panelled bath having shower over, pedestal wash basin WC. \r
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Outside: \r
Front: Gravelled parking area with two spaces, side garden\r
Rear: Pedestrian access to a enclosed rear lawned garden. \r
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Council Tax Band: Both Flats A\r
EPC Rating: Both Flats E\r
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Legal Documents: Available at
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Viewings: Via Cottons -
Agent Details
Cottons Management Services Ltd
Cavendish House 359-361, Hagley Road, Birmingham, B17 8DL
Show Contact Number
0121 247 2233

Investment Analysis

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Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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