Railway Terrace, Rugby, Warwickshire CV21 3EZ
- PROPERTY TYPE
Land
- SIZE
14,810 sq ft
1,376 sq m
Key features
- Fully consented development site with approved planning (Ref: R23/1115) — ready to start immediately.
- Prime town-centre location just moments from Rugby station and key commuter routes (M1, M6, A45, A5, A14).
- Proven high-demand area with strong sales and rental performance, ideal for investor confidence.
- Well-balanced scheme: 5 three-bedroom townhouses plus 4 modern apartments with broad market appeal.
- Attractive design with private parking, including undercroft access and a secure walled courtyard.
- Strong GDV potential — new-build homes in this area command impressive end values.
- Freehold with vacant possession, offering a clean and efficient route to development.
- Highly deliverable, commercially sound project in a supply-restricted town-centre setting.
Description
Positioned just moments from Rugby town centre, this fully consented development site represents an exceptional opportunity for builders, developers, and residential investors looking for a high-yield scheme in a proven location.
Rugby continues to attract strong demand from both commuters and renters thanks to its excellent connectivity. With direct rail services to London Euston, Birmingham, Northampton and easy access to the M1, M6, A45, A5 and A14, this is a market where quality new homes perform consistently well — both in resale and rental markets.
THE DEVELOPMENT
Planning consent (Ref: R23/1115) has been granted for a well-balanced, highly saleable scheme comprising:
5 three-storey, three-bedroom houses (approx. 90.5 sqm / 974 sq ft each)
4 modern apartments ranging from 56–61 sqm (608–656 sq ft)
The design includes an attractive frontage onto Railway Terrace, featuring two apartments, with a smart undercroft access through to private parking and the rear terrace of five houses plus an additional two apartments.
A walled rear courtyard provides dedicated parking — an increasingly valuable feature for both resale and rental appeal in this area.
WHY THIS IS A STRONG FINANCIAL DEAL
Immediate development potential — full planning is already secured, reducing lead-time and risk.
A highly deliverable scheme — strong unit mix with broad market appeal (ideal for first-time buyers, downsizers, and commuters).
Strong local demand — Rugby consistently outperforms regional averages for both sales velocity and rental demand.
Attractive GDV potential — New-build 3-bed homes and modern apartments in this area command impressive end values, offering scope for strong returns.
Freehold with vacant possession — clean title, ready for commencement.
This is exactly the type of scheme that offers excellent margin potential for a builder-developer who wants a manageable, commercially sound project in a supply-restricted town centre location.
LOCATION
The site sits between Murray Road and Church Street, giving superb access into Rugby town centre and the surrounding amenities. The proximity to the station ensures commuter appeal, while the broader road network links the town efficiently to Birmingham (approx. 35 miles) and Coventry (13 miles).
GUIDE PRICE
£650,000 for the freehold interest with vacant possession.
Offers are invited.
Tenure: Freehold | EPC: TBC | Council Tax Band: TBC
Services, Utilities & Property Information
Tenure – Freehold.
Local Authority – Rugby Borough Council.
Broadband – FTTP Ultrafast Broadband connection available in the area - we advise you to check with your provider.
Mobile Signal/Coverage – 4G and 5G mobile signal is available in the area - we advise you to check with your provider.
Parking – Allocated parking.
Special Notes – The land is not currently connected to mains services. Mains utilities are believed to be available locally, but prospective purchasers should make their own enquiries. The land is split over multiple titles. The land is subject to historic restrictive covenants, rights and arrangements. Full planning for 5 houses and 4 apartments. Please speak with the agent for more information.
Planning – Full planning drawings are available via the Planning Portal -
For more information or to arrange a viewing please contact Graham Lee.
Disclaimer
All measurements are approximate and quoted in metric with imperial equivalents and for general guidance only and whilst every attempt has been made to ensure accuracy, they must not be relied on.
The fixtures, fittings and appliances referred to have not been tested and therefore no guarantee can be given and that they are in working order.
Internal photographs are reproduced for general information and it must not be inferred that any item shown is included with the property.
Whilst we carryout our due diligence on a property before it is launched to the market and we endeavour to provide accurate information, buyers are advised to conduct their own due diligence.
Our information is presented to the best of our knowledge and should not solely be relied upon when making purchasing decisions. The responsibility for verifying aspects such as flood risk, easements, covenants and other property related details rests with the buyer.
Railway Terrace, Rugby, Warwickshire CV21 3EZ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Rugby Station0.3 miles
Notes
Disclaimer - Property reference RX700134. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Fine & Country, Rugby. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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