This has dropped in price and now looks like a good buy.
A 1 bed HOUSE very close to town. Advertised at £75k - lets assume it can be bought for a little less than that. I believe it is a FREEHOLD property and on that basis am recommending it - if you have a limited budget and don't want a leasehold flat, this is about as cheap as you'll get in Rugby. And it will rent too. Easy £450PCM, maybe more.