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Little Pennington Street, RugbyLittle Pennington Street, Rugby, Warwickshire
£45,000Guide Price
Property Features
- Ref: 11698334
- Type: Studio
- Availability: Sold STC
- Bedrooms: 2
- Bathrooms: 1
- Reception Rooms: 1
- Tenure: Leasehold
Full Details
A modern, two bedroom second floor apartment within walking distance of the town centre. The property comprises: Entrance hall, open plan living/kitchen area, bathroom with shower over, full gas central heating and PVCu double glazing. The property further benefits from allocated off road parking. Rental potential is circa £650 PCM on an unfurnished basis. The block is a good mix of owner occupiers and investors and the service charges are just £50 PCM and the ground rent is only £150 per annum.
About the Area
Rugby town centre includes numerous restaurants of various kinds and many award-winning pubs. The main shopping area in Rugby is in the streets around the Clock Tower, two of which - High Street and Sheep Street - are pedestrianised. The town centre has an indoor shopping centre called “Rugby Central”. A “restaurant quarter” is being opened in the town centre to compliment World Rugby’s official “Hall of Fame” which is based at the museum/library. A street market is held in the town centre several days a week. In recent years several out-of-town retail centres have opened to the north of the town. Rugby contains several large parks, most notably Caldecott Park near the town hall. In 2010 a short local bypass, the first part of the Rugby Western Relief Road, was opened, running from the A428 (Lawford Road) along the edge of the built-up area to the A4071 (road from Rugby through Bilton and Cawston) a little west of Cawston, to take through heavy traffic off suburban housing roads such as Addison Road. Rugby's economy is mainly industrial. It is an engineering centre and has a long history of producing gas and steam turbines at the GEC and at the AEI. The AEI was earlier British Thomson-Houston or BTH. They used to dominate employment in the town. They are now amalgamated to form Alstom. Engineering in Rugby is still the most important sector. There are three new retail parks, “Elliot’s Field” which is leisure and fashion centric, “Junction One” which has Laura Ashley and a 9 screen cinema and several restaurants and fast food outlets. “Technology Drive” is mainly home stores and DIY based. Elliot’s Field has just released a second phase more big names to compliment Debenhams, Nike and NEXT which are some of the stores on the existing park. There are many excellent schools In Rugby including grammar school (Lawrence Sherrif), Girls School, Ashlawn School (OFSTED Top Rated) and of course the world famous Rugby School where the modern game of Rugby was born. Rugby is credited as the town that gave the inspiration for the modern Olympic Games, the invention of the laser, hologram and jet engine and enjoys a growing tourism economy as the council and other partners increase the promotion and marketing of the town which is the fastest growing in the West Midlands. London is only 54 minutes away by train, and the town is excellently positioned for the M1, M6 and A5 as well as the A45, A46 and DIRFT.
About the Agent
Viewing is strictly by appointment via the sole agents, Cadman Homes. We are a local, family owned and run firm of estate and letting agents covering the Rugby, Lutterworth, Coventry and Leamington areas.
If you are unsure of the value of your home, or simply haven’t chosen an agent to sell or let it, we’d love to show you what we can do for you. For valuations, mortgages, conveyancers and more contact the local office.