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Priory Road, Wolston, CV8

West Midlands

£600,000
Listed on 23/08/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a substantial opportunity for renovation and investment, featuring a collection of traditional buildings that have received planning permission for conversion into five residential units spanning approximately 7,393 square feet. In addition to the conversion potential, the site encompasses two further agricultural structures and 5.46 acres of pasture land, creating a diverse canvas for development. Situated just north of Wolston village in Warwickshire, Marston Hall Barns benefit from proximity to local amenities such as shops, healthcare services, and public houses. The convenient access to major transport links – with the A45 close by and M6 Junction 2 only 6.3 miles away – enhances the property’s appeal for future residents or businesses. With Rugby train station approximately 7.4 miles to the east and Coventry station about 7.2 miles to the west, commuting options are plentiful, including direct routes to Birmingham International Airport and London Euston. The historic buildings sit on a private driveway leading from Priory Road, bordered by picturesque landscapes including gentle pasture fields and mature trees that enhance their charm. The planning permissions allow significant flexibility for redevelopment; however, prospective buyers should be aware of specific conditions attached to these consents regarding development timelines and necessary upgrades to access roads. The additional agricultural buildings include a steel-framed Dutch barn and a cattle store, presenting further functional uses or potential conversion opportunities under certain circumstances. The surrounding land is classified as Grade 3 pasture with good water supply access through mains connections, making it suitable for various agricultural ventures or lifestyle farming. With vacant possession granted at completion, this property is ideal for those looking to tap into the growing demand for residential dwellings in a semi-rural location while also exploring agricultural opportunities. Overall, this site offers significant renovation potential along with an attractive investment proposition in an accessible area of Warwickshire.

Investment Analysis

(CV8 area)
Area Average
£381/sq ft
Avg Rent (weekly)
£316
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£800,000 - £1,200,000
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

Priory Road, Wolston, CV8
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,198
Based on a loan of £450,000 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