Leamington Road, Princethorpe, Rugby, CV23 9PZ

Rare Opportunity – Rural Site with Redevelopment Potential – CASH BUYERS ONLY

A unique opportunity to acquire a rural site, featuring an existing uninhabitable dwelling, located just outside the sought-after village of Princethorpe. Offering fantastic potential for redevelopment (subject to planning permission), this site provides a tranquil countryside setting with excellent transport links.

Location

Princethorpe is a charming and well-established village, conveniently positioned between Rugby and Leamington Spa. The village boasts a local pub, a primary school, and the highly regarded Princethorpe College. Surrounded by rolling countryside, it offers a perfect balance of rural living while maintaining easy access to major road networks, including the A45, A46, M1, and M6. Rugby railway station is also within reach, offering high-speed services to London Euston in under 50 minutes.

The Site

The plot includes an existing one-bedroom bungalow, which is currently uninhabitable and requires complete redevelopment. The property benefits from direct access off Leamington Road and has a mains electricity supply. However, there are no mains gas, water, or drainage services, meaning the site is not mortgageable.

Viewings

All enquiries and viewings are strictly by appointment only through the agent. Prospective buyers must not enter the site without prior authorization.

A fantastic investment opportunity for those looking to create a bespoke rural home or explore development potential—contact us today for further details.

Reservation Agreement

Being sold using the Reservation fee process. Reservation fee is a new, innovative and pioneering process for buying and selling property. It significantly reduces the risk of gazumping or double-selling by offering security to both parties by gaining a commitment from both parties to buy and sell. This property is offered for sale using the Reservation fee process. When an offer is accepted, the buyer will be required to pay a non-refundable Reservation fee of £4396.00 including VAT (in addition to the final negotiated selling price), sign the Reservation Form and agree the Terms and Conditions prior to solicitors being instructed. If you require a copy of these documents, or for further information, please contact the Reservation fee team at GOTO Group. This will secure the transaction and the property will be taken off the market. The Buyer’s Premium and administration charge are in addition to the final negotiated selling price. Buyer's Administration Charge If the Buyer Information Pack has been produced and provided by GOTO Group any successful purchaser will be required to pay £396.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale. Buyer Fees • Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.

The information above has Material information has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.