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Main Street, Wolston Coventry CV8

West Midlands

£260,000
Listed on 16/04/2025

Property Details

Bedrooms
3
Type
Detached house
Area
839 sqft

Description

This charming three-bedroom cottage offers a unique opportunity for renovation and investment, situated conveniently near the village center. The property spans three levels and includes off-road parking at the front, enhancing its appeal for potential buyers looking for a project. Entering through the porch, you’ll find a welcoming space with double-glazed windows that allow for natural light to filter in. The main living area features a spacious lounge/dining room, providing various design possibilities to create an inviting atmosphere. This area is equipped with gas heating and has windows on both ends, ensuring ample light throughout the day. The kitchen, though in need of modernisation, presents a solid foundation with existing base and eye-level units and plumbing for essential appliances. It is positioned conveniently off the inner lobby, which leads to the rear yard—a compact outdoor space that could benefit from some landscaping or creative use. On the first floor, you'll discover two bedrooms and a bathroom. The larger bedroom benefits from fitted furniture while the second room may serve well as a guest room or home office. The bathroom includes essential amenities, although it is likely to require updating to meet contemporary standards. Ascending to the top floor reveals an additional bedroom that offers scenic views thanks to its rear-facing window. The presence of eaves storage can be further optimised for practical use. The front garden presents an appealing lawned area adorned with shrubs and small trees, creating a pleasant view over nearby fields and towards the village church. A modest pond adds charm without demanding extensive maintenance. With potential for improvement throughout and located within walking distance of local amenities, this property represents an excellent investment prospect for those looking to create a bespoke home in a desirable location.

Investment Analysis

(CV8 area)

Below Market Value

This property is priced -18.6% below area average per sq ft

-18.6%
Potential saving
This Property
£310/sq ft
Area Average
£381/sq ft
Avg Rent (weekly)
£316
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£351,486
10% above area average per sq ft
Potential ROI
+21.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (CV8)

Area prices are rising by +2.1% over the last 12 months
3 year growth: 1.3%
5 year growth: 11.9%
Investment Disclaimer: Analysis based on CV8 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

Main Street, Wolston Coventry CV8
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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
£952
Based on a loan of £195,000 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