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Parsons, Hurley, Atherstone

West Midlands

£695,000
Listed on 30/07/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1313 sqft

Description

This property offers a unique opportunity for renovation and investment, currently structured as two adjoining holiday cottages set in the picturesque Warwickshire countryside. With scenic views of adjacent fields, it presents versatile potential for both residential and rental uses. The existing layout comprises two timber-clad cottages, featuring a reception hall, a guest cloakroom, and an open plan living-dining kitchen. The ground floor includes a bedroom with an en-suite bathroom, while the first floor hosts two additional bedrooms, each with en-suite shower rooms and access to a glazed balcony that overlooks the surrounding landscape. Planning permission is already in place to transform this setup into a substantial four-bedroom family home. Proposed renovations would create an expansive ground floor with a reception hall, open-plan living-dining area, a separate sitting room, and the flexibility of a fourth bedroom or home office. The first floor is designed to accommodate an impressive master suite with its own dressing area, en-suite shower room, and private balcony, along with two further bedrooms—both featuring en-suites—making it ideal for family living or as an upscale rental option. Surrounding the property is ample external space, including gardens at both the front and back. A private driveway provides off-road parking for multiple vehicles. Additionally, there’s potential to acquire extra land from the adjoining agricultural field, bringing the total plot size to approximately 0.53 acres—a valuable asset for future development or garden expansion. Located on the outskirts of Hurley village, residents will appreciate access to local amenities such as shops, pharmacies, and eateries. The property enjoys excellent transport links to larger urban centers like Birmingham and Coventry within thirty minutes’ drive. Major roads such as the M42 and A5 are conveniently close by for easy commuting. The property benefits from mains water and electricity connections with heating supplied via an LPG gas system; however, prospective buyers should verify service capabilities independently due to recent changes in ownership or use. This site stands out not only for its idyllic setting but also for its significant renovation potential—an attractive prospect for those looking to invest in rural properties while enjoying modern conveniences just a short distance away.

Investment Analysis

(CV9 area)

Above Market Value

This property is priced +102.8% above area average per sq ft

+102.8%
This Property
£529/sq ft
Area Average
£261/sq ft
Avg Rent (weekly)
£205
Avg Yield
3.1%

Renovation Potential

Est. Renovation Cost
£69,500 - £173,750
10-25% of property value
Target Value
£377,035
10% above area average per sq ft
Potential ROI
-56.6%
After renovation
Monthly Sales
15
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (CV9)

Area prices are rising by +5.7% over the last 12 months
3 year growth: 2.0%
5 year growth: 19.1%
Investment Disclaimer: Analysis based on CV9 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

Parsons, Hurley, Atherstone
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