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Erithway Road, Finham,Coventry

West Midlands

£199,950
Listed on 09/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
840 sqft

Description

This two-bedroom terraced home presents a solid foundation for renovation and investment, situated in a location known for its proximity to excellent schools and convenient transport links via the A45. With no upward chain, the property is ready for new owners to make their mark. Entering the home, you are greeted by a hallway that leads into a lounge featuring a charming bay window and an inviting fireplace. This space flows seamlessly into a spacious dining room, which benefits from laminate flooring and provides ample storage with two under-stairs cupboards. The kitchen, equipped with white wall and base units, boasts dual aspect windows that fill the area with natural light. A door from the kitchen opens to the rear garden, enhancing accessibility. On the first floor, you'll find two generously sized double bedrooms. The principal bedroom at the front of the house includes a large bay window, while the second bedroom offers views of the rear garden and features loft access. The family bathroom is well-appointed with essential amenities, including a bath with a shower screen over it and additional shelving for storage. Outside, the property features a low-maintenance garden at the rear, framed by some mature shrubs that add character to the space. A larger-than-average garage sits at the back of the property, complete with full electrics and an 'up & over' door for easy access—ideal for those looking to create additional workshop or storage spaces. Importantly, this home offers significant potential for expansion; there is opportunity to extend into both the rear garden (subject to planning permission) as well as reconfigure internal layouts to better suit modern living needs. With its advantageous location near local amenities and public transport options, this property stands out not only as a comfortable residence but also as an attractive investment opportunity.

Investment Analysis

(CV3 area)

Below Market Value

This property is priced -13.9% below area average per sq ft

-13.9%
Potential saving
This Property
£238/sq ft
Area Average
£276/sq ft
Avg Rent (weekly)
£253
Avg Yield
4.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£8,000 - £15,000
Target Value
£255,394
10% above area average per sq ft
Potential ROI
+18.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
48
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (CV3)

Area prices are rising by +5.7% over the last 12 months
3 year growth: 9.8%
5 year growth: 24.8%
Investment Disclaimer: Analysis based on CV3 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.

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Location

Erithway Road, Finham,Coventry
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