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Birmingham Road, Coventry CV5

West Midlands

£200,000
Listed on 21/03/2025

Property Details

Bedrooms
3
Type
Detached house
Area
871 sqft

Description

Nestled in a desirable neighborhood, this link-detached bungalow presents a compelling opportunity for renovation and investment. Featuring three bedrooms, the property offers a spacious layout that can be tailored to modern living needs, making it ideal for both families and investors looking to enhance its value. While the interior is currently in need of modernization, this provides a blank canvas for those with vision. The potential for improvement allows you to create a space that reflects your personal style or to capitalize on an investment by upgrading to attract prospective tenants or buyers. The absence of a chain means that immediate possession is available, which is advantageous for those eager to begin their renovation journey without delay. The surrounding area is well-regarded, known for its community feel and accessibility to local amenities. Overall, this property represents an excellent investment potential in a sought-after location, where thoughtful renovations could lead to significant returns. Whether you are looking to move in and make it your own or seeking an opportunity to invest in real estate, this bungalow warrants consideration.

Investment Analysis

(CV5 area)

Below Market Value

This property is priced -16.1% below area average per sq ft

-16.1%
Potential saving
This Property
£230/sq ft
Area Average
£274/sq ft
Avg Rent (weekly)
£253
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£262,136
10% above area average per sq ft
Potential ROI
+14.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
49
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (CV5)

Area prices are stable by +1.5% over the last 12 months
3 year growth: 2.5%
5 year growth: 15.9%
Investment Disclaimer: Analysis based on CV5 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

Birmingham Road, Coventry CV5
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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
£733
Based on a loan of £150,000 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