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Foleshill Road, Coventry CV6 - Image 1
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Foleshill Road, Coventry CV6

West Midlands

£260,000
Listed on 16/11/2023

Property Details

Bedrooms
3
Type
Detached house
Area
904 sqft

Description

Presenting a spacious three-bedroom detached family home that is ripe with renovation and investment potential. Located on the sought-after Foleshill Road, this property is well-suited for families or those looking to make a strategic investment in an area known for its high demand. The house features a generous lounge and a separate reception area, creating flexible living spaces that can be tailored to suit individual needs. The kitchen, while functional, offers scope for modernization or expansion, allowing new owners to create their ideal culinary environment. An inviting double-glazed conservatory extends the living space and provides views of the expansive rear garden. The outdoor area is particularly noteworthy, featuring a large garden with an established lawn surrounded by well-maintained shrubs and flower beds. This outdoor space not only lends itself to family gatherings but also presents opportunities for further development—such as additional storage or extensions—subject to planning permission. Situated centrally, this home benefits from excellent local amenities, convenient access to schools, quick links to the M6 motorway, and proximity to the City Centre. Additionally, there is ample parking available for multiple vehicles. Upstairs, you'll find three well-proportioned bedrooms alongside a family bathroom. Each room holds potential for renovation while maintaining a comfortable standard of living. With its appealing location and intrinsic potential for improvement or expansion, this property invites visionaries to reimagine its possibilities. Those considering viewing should take advantage of this opportunity soon; interest is anticipated to be strong given the current market dynamics.

Investment Analysis

(CV6 area)

Above Market Value

This property is priced +17.5% above area average per sq ft

+17.5%
This Property
£288/sq ft
Area Average
£245/sq ft
Avg Rent (weekly)
£253
Avg Yield
5.9%

Renovation Potential

Est. Renovation Cost
£26,000 - £65,000
10-25% of property value
Target Value
£243,330
10% above area average per sq ft
Potential ROI
-25.1%
After renovation
Monthly Sales
58
Average per month
Market Turnover
69%
Properties sold annually

Local Market Trend (CV6)

Area prices are rising by +2.4% over the last 12 months
3 year growth: 9.7%
5 year growth: 23.5%
Investment Disclaimer: Analysis based on CV6 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Foleshill Road, Coventry CV6
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