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Ansley Road, Nuneaton

West Midlands

£210,000
Listed on 20/08/2024

Property Details

Bedrooms
2
Type
Detached house
Area
850 sqft

Description

Nestled on the fringe of Nuneaton, this detached bungalow presents a unique opportunity for those looking to invest in a property with significant renovation potential. Set on a generous plot, the home is ripe for expansion or modernization, allowing future owners to tailor it to their specific tastes and needs, pending the necessary approvals. The interior features an inviting entrance hall that leads into a spacious lounge diner, perfect for entertaining or relaxing. The kitchen offers ample space with possibilities for updates and personal touches. There are two generously sized double bedrooms that provide plenty of natural light and comfort. Completing the layout is a three-piece bathroom that offers functional convenience. Outside, the expansive rear garden provides various possibilities for landscaping or creating outdoor living spaces. At the end of the garden, there is direct access to a double garage located in an en bloc arrangement, reachable via a private road alongside the property. This added feature not only enhances storage options but also adds value to the investment. Situated in a location that balances tranquility with accessibility, this bungalow is conveniently placed for local amenities and transport links. Its potential for renovation and expansion makes it an appealing prospect for both first-time buyers seeking a project and seasoned investors looking to capitalize on its development opportunities.

Investment Analysis

(CV10 area)

Above Market Value

This property is priced +0.8% above area average per sq ft

+0.8%
This Property
£247/sq ft
Area Average
£245/sq ft
Avg Rent (weekly)
£221
Avg Yield
5.0%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£229,122
10% above area average per sq ft
Potential ROI
-0.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
51
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (CV10)

Area prices are rising by +4.5% over the last 12 months
3 year growth: 2.1%
5 year growth: 21.7%
Investment Disclaimer: Analysis based on CV10 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Ansley Road, Nuneaton
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£769
Based on a loan of £157,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE