2 bed flat for sale

Riplingham, Arlington Avenue, Leamington Spa CV32

Positioned within one of Leamington Spa's most sought-after residential locations, this beautifully presented two-bedroom apartment with a private garage offers an exceptional opportunity for first-time buyers, professionals and investors alike. Combining generous living accommodation with an enviable location, the property is currently tenanted and achieving £1,010 per calendar month, making it an attractive turnkey investment with immediate rental income.

The apartment features a bright and spacious living room, providing an elegant space for both relaxing and entertaining, complemented by a well-appointed fitted kitchen with ample storage and preparation space. There are two generously proportioned bedrooms, offering versatile accommodation to suit a range of lifestyles, whether as a principal bedroom and guest room, home office or nursery. A stylish, contemporary bathroom completes the internal accommodation, all presented to a high standard throughout.

A particular highlight of the property is the private garage, providing secure parking, valuable storage or additional practicality, together with access to well-maintained communal grounds and residents' parking.

Ideally located within comfortable walking distance of Leamington Spa's vibrant town centre, residents can enjoy an outstanding selection of independent boutiques, cafés, award-winning restaurants, bars and picturesque parks. Leamington Spa railway station is also easily accessible, offering regular direct services to Birmingham, Coventry and London, making the property ideally suited to commuters.

The apartment is offered with approximately 100 years remaining on the lease, together with a service charge of £2,040 per annum and ground rent of £75 per annum.

Whether you are looking to secure your first home, acquire a stylish lock-up-and-leave residence, or expand your investment portfolio with an established income-producing asset, this impressive two-bedroom apartment with a private garage represents a rare opportunity to purchase a quality home in one of Leamington Spa's most desirable addresses.

The property is currently subject to a managed tenancy agreement and is being sold with tenants in situ. The tenancy has been in place since 20.11.19, producing a gross yield of approximately 5.5% based on the asking price. The minimum initial tenancy term is 12 months. Buyers should note that vacant possession purchasers will be required to provide a minimum of four months’ notice following an agreed sale. Full tenancy and lease information is available from the agent, and all interested parties should make their own enquiries prior to proceeding.