Ranelagh Terrace
Leamington Spa
3Bedrooms1Bathroomsterraced house
Price:£280,000
1/11
Price:£280,000
Want to sell a similar property?
Book your free valuationProperty details
Key features
- WITHIN EASY REACH OF THE TOWN CENTRE & TRAIN STATION
- THREE BEDROOM TERRACE
- TWO RECEPTION ROOMS
- LICENSED FOUR BEDROOM HMO OFFERING OVER 10% YIELD
- IDEAL INVESTMENT ACHIEVING £2,365 PER CALENDAR MONTH
- ALSO AVAILABLE TO BE PURCHASED AS A RESIDENTIAL HOME, COMPLETION AFTER THE CURRENT TENANCY ENDS IN FEBRUARY 2026, (MAY BE POSSIBLE TO COMPLETE BEFORE THIS DATE)
- LOW MAINTENANCE COURTYARD GARDEN
Council Tax Band:
B
Tenure:
Freehold
Excellent investment or residential opportunity - Three bedroom mid terrace with licensed four bedroom HMO use.
An appealing three bedroom mid terrace property, available either as a licensed four bedroom HMO currently achieving £2,365 per calender month (offering a potential yield of over 10%) or as a residential purchase. The the end of the current tenancy in February 2026, however, legal completion may be possible to take place prior to this date.
The accommodation comprises a welcoming entrance hallway, downstairs bedroom, dining room, fitted galley kitchen, shower room and separate W/C. To the first floor are three well proportioned bedrooms.
Externally the property benefits from a low maintenance courtyard style garden and on street parking.
Located in a popular and convenient area, within easy reach of the town centre, train station and a range of local amenities - this property appeals to both investors and future home owners alike.
Entrance Hallway
Spacious entrance hallway with stairs rising to the first floor and doors to the lounge and dining room.
Lounge
13' 8" max x 10' 5" ( 4.17m max x 3.17m )
Spacious bay-fronted lounge consisting of solid wood flooring and a radiator.
Dining Room
10' 10" max to alcove x 12' 2" ( 3.30m max to alcove x 3.71m )
Having a fitted cupboard, and built-in understairs cupboard, a radiator, a double glazed window to rear elevation and a door to the kitchen.
Kitchen
10' 2" x 7' 8" ( 3.10m x 2.34m )
Fitted with wall and base units with work surfaces over and tiling to the splash back areas, incorporating a stainless steel sink and drainer unit. Providing space for appliances and housing the gas central heating boiler, fitted in 2020. With a double glazed window to side elevation and access to the inner hallway.
Inner Hallway
Comprising a radiator, a double glazed window to side elevation and doors to the downstairs cloakroom and downstairs shower room.
Downstairs Cloakroom
Fitted with a wash hand basin and a low level W/C .
Downstairs Shower Room
Fitted with a wash hand basin, shower cubicle, partly tiled walls and a double glazed window to side elevation.
First Floor
Landing
The stairs lead from the hallway with doors to all bedrooms.
Bedroom One
11' 4" x 14' 1" max to alcove ( 3.45m x 4.29m max to alcove )
Double bedroom with a radiator and two double glazed windows to front elevation.
Bedroom Two
11' 9" x 8' 8" ( 3.58m x 2.64m )
Double bedroom having solid wood flooring , a radiator and a double glazed window to rear elevation.
Bedroom Three
7' 8" x 8' 7" plus alcove ( 2.34m x 2.62m plus alcove )
Comprising a radiator and a double glazed window to rear elevation.
Outside
Rear Garden
Low maintenance courtyard garden being wall enclosed with gated rear access.
Parking
On street.
Agent's Note
Our seller has advised continued rental management and maintenance of the property can be offered to potential investors.
An appealing three bedroom mid terrace property, available either as a licensed four bedroom HMO currently achieving £2,365 per calender month (offering a potential yield of over 10%) or as a residential purchase. The the end of the current tenancy in February 2026, however, legal completion may be possible to take place prior to this date.
The accommodation comprises a welcoming entrance hallway, downstairs bedroom, dining room, fitted galley kitchen, shower room and separate W/C. To the first floor are three well proportioned bedrooms.
Externally the property benefits from a low maintenance courtyard style garden and on street parking.
Located in a popular and convenient area, within easy reach of the town centre, train station and a range of local amenities - this property appeals to both investors and future home owners alike.
Entrance Hallway
Spacious entrance hallway with stairs rising to the first floor and doors to the lounge and dining room.
Lounge
13' 8" max x 10' 5" ( 4.17m max x 3.17m )
Spacious bay-fronted lounge consisting of solid wood flooring and a radiator.
Dining Room
10' 10" max to alcove x 12' 2" ( 3.30m max to alcove x 3.71m )
Having a fitted cupboard, and built-in understairs cupboard, a radiator, a double glazed window to rear elevation and a door to the kitchen.
Kitchen
10' 2" x 7' 8" ( 3.10m x 2.34m )
Fitted with wall and base units with work surfaces over and tiling to the splash back areas, incorporating a stainless steel sink and drainer unit. Providing space for appliances and housing the gas central heating boiler, fitted in 2020. With a double glazed window to side elevation and access to the inner hallway.
Inner Hallway
Comprising a radiator, a double glazed window to side elevation and doors to the downstairs cloakroom and downstairs shower room.
Downstairs Cloakroom
Fitted with a wash hand basin and a low level W/C .
Downstairs Shower Room
Fitted with a wash hand basin, shower cubicle, partly tiled walls and a double glazed window to side elevation.
First Floor
Landing
The stairs lead from the hallway with doors to all bedrooms.
Bedroom One
11' 4" x 14' 1" max to alcove ( 3.45m x 4.29m max to alcove )
Double bedroom with a radiator and two double glazed windows to front elevation.
Bedroom Two
11' 9" x 8' 8" ( 3.58m x 2.64m )
Double bedroom having solid wood flooring , a radiator and a double glazed window to rear elevation.
Bedroom Three
7' 8" x 8' 7" plus alcove ( 2.34m x 2.62m plus alcove )
Comprising a radiator and a double glazed window to rear elevation.
Outside
Rear Garden
Low maintenance courtyard garden being wall enclosed with gated rear access.
Parking
On street.
Agent's Note
Our seller has advised continued rental management and maintenance of the property can be offered to potential investors.
Utilities, rights & restrictions
Expand
Utility Supply:
- ElectricityMains Supply
- WaterMains Supply
- HeatingGas Central
- BroadbandFTTC
- SewerageMains Supply
Rights & Restrictions:
- Private rights of wayfalse
- Public rights of wayfalse
- Listed propertyfalse
- Restrictionsfalse
Risks:
- Flooded in last 5 yearsfalse
- Flood defencesContact branch
- Source of floodContact branch
Guidance Notes
While every reasonable effort is made to ensure the accuracy of descriptions and content, we should make you aware of the following guidance or limitations.
(1) MONEY LAUNDERING REGULATIONS Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. (2) These particulars do not constitute part or all of an offer or contract. (3) The measurements indicated are supplied for guidance only and as such must be considered incorrect. (4) Potential buyers are advised to recheck the measurements before committing to any expense. (5) We have not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances. (6) We have not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.Use Our Homefinder Service
With our HOME FINDER SERVICE, we get a real understanding of what is on your wish list and then put all of our experience, local knowledge, branch network and extensive contacts to work to find your perfect property.
Our handy mortgage calculator helps you to estimate what your monthly repayments could be. * Terms and conditions apply.
Please be aware, these results are for illustrative purposes only and should not be considered as a mortgage quote. These are based on a repayment mortgage and may vary depending on the term and interest rate of your mortgage. Lender fees may also be applicable.
If you would like guidance on the right mortgage for you, we recommend booking a mortgage appointment and speak to one of our mortgage consultants who will be more than happy to help.
** The 4.19% annual interest rate is based on the Connells Group average mortgage interest rate taken from this year YTD and is correct as at 29/01/26.
Any fees payable will be explained in your initial no-obligation appointment, before you choose whether to use our Mortgage Services.
Similar Properties
Recently Sold In This Area
PLEASE BE AWARE, THESE RESULTS ARE FOR ILLUSTRATIVE PURPOSES ONLY AND SHOULD NOT BE CONSIDERED AS A MORTGAGE QUOTE. THESE ARE BASED ON A REPAYMENT MORTGAGE AND MAY VARY DEPENDING ON THE TERM AND INTEREST RATE OF YOUR MORTGAGE. LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP. *THE 4.7% ANNUAL INTEREST RATE IS BASED ON THE CONNELLS GROUP AVERAGE MORTGAGE INTEREST RATE TAKEN FROM THE PERIOD OF 01/01/2024 – 31/12/2024 AND IS CORRECT AS AT 13/02/2025.
Any fees payable will be explained in your initial no-obligation appointment, before you choose whether to use our Mortgage Services.
