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Penzance Way, Nuneaton

West Midlands

£315,000
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
792 sqft

Description

Situated on an expansive corner plot within the sought-after Horeston Grange neighborhood, this three-bedroom detached house presents an exciting opportunity for renovation or reconfiguration. With a solid structure and ample outdoor space, the property is ripe for an investor looking to maximize potential. The well-sized living spaces include a welcoming lounge and a bright dining area that could be easily reimagined. The kitchen overlooks the garden and offers opportunities for modern updates. The internal garage with electrics adds further versatility; it could facilitate additional living space through conversion (subject to planning permissions). The upstairs features three generous bedrooms along with a contemporary family bathroom. The south-west facing garden not only provides a tranquil retreat but also boasts a cabin equipped with electrics, making it ideal for diverse uses such as a home office or personal gym. Additionally, the front garden and double driveway ensure ample parking while enhancing curb appeal. Conveniently located near local amenities, schools, and transport links, this property is positioned in a vibrant community that supports future growth. Given its flexible layout and prime location, this home offers significant long-term investment potential.

Investment Analysis

(CV11 area)

Above Market Value

This property is priced +44.0% above area average per sq ft

+44.0%
This Property
£398/sq ft
Area Average
£276/sq ft
Avg Rent (weekly)
£229
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£240,669
10% above area average per sq ft
Potential ROI
-33.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (CV11)

Area prices are rising by +4.3% over the last 12 months
3 year growth: -1.5%
5 year growth: 20.9%
Investment Disclaimer: Analysis based on CV11 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

Penzance Way, 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
£1,154
Based on a loan of £236,250 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