Reservoir Road, RugbyReservoir Road, Rugby, Warwickshire

£210,000Guide Price

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Property Features

  • Ref: 12025941
  • Type: Semi-Detached House
  • Availability: Sold STC
  • Bedrooms: 4
  • Bathrooms: 1
  • Reception Rooms: 4
  • Tenure: Freehold
4 1 4


Full Details

The property is in need of FULL renovation. Plaster, paint, kitchen and bathroom, windows etc. The boiler and electrics are good, but the property is very dated and in disrepair with an overgrown plot. There has been a leak which has caused water damage which is now dried out.
The garden is extensive and has a planning potential. Because of this there will be a (negotiable) overage as a planning consultant has confirmed there is future potential subject to terms.
This property would suit an experienced developer looking for a rental, "do-er upper" with the added benefit of the future land value. R22/0289

The Property
The property is in need of FULL renovation. Plaster, paint, kitchen and bathroom, windows etc. The boiler and electrics are good, but the property is very dated and in disrepair with an overgrown plot.
The garden is extensive and has a planning potential. Because if this there will be a (negotiable) overage as a planning consultant has confirmed there is future potential subject to terms.
This property would suit an experienced developer looking for a rental, "do-er upper" with the added benefit of the future land value.

The Planning
Investigations were made for 4 x detached units on the site. Please call and ask for Adam McHenry for more details. R22/0289

Rugby
Rugby's economy is mainly industrial and distribution. 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 a 9 screen cinema and several shops and fast food outlets. “Technology Drive” is mainly home stores and DIY based. Elliot’s Field has launched a second phase with more big names to compliment the existing retailers.

There are many excellent schools In Rugby including grammar school (Lawrence Sherrif), Girls School, Ashlawn School and of course the world famous Rugby School where the modern game of Rugby was born.

Continued
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 (non-stop) train, and the town is excellently positioned for the M1, M6 and A5 as well as the A45, A46 and DIRFT.

The Agent
Viewing is strictly by appointment via 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.

We specialise in character and village properties, as well as new build sites.