Worst House on the Street Logo
Nicholls Street, Coventry, CV2 4GY - Image 1
Nicholls Street, Coventry, CV2 4GY - Image 2
Nicholls Street, Coventry, CV2 4GY - Image 3
Nicholls Street, Coventry, CV2 4GY - Image 4
Nicholls Street, Coventry, CV2 4GY - Image 5
Nicholls Street, Coventry, CV2 4GY - Image 6
Nicholls Street, Coventry, CV2 4GY - Image 7
Nicholls Street, Coventry, CV2 4GY - Image 8
Nicholls Street, Coventry, CV2 4GY - Image 9
Nicholls Street, Coventry, CV2 4GY - Image 10
Nicholls Street, Coventry, CV2 4GY - Image 11

Nicholls Street, Coventry, CV2 4GY

West Midlands

£120,000
Listed on 09/01/2026

Property Details

Bedrooms
1
Type
Detached house
Area
593 sqft

Description

This one-bedroom bungalow presents a promising opportunity for renovation and potential development, contingent upon obtaining the necessary planning permissions. Located in the suburb of Hillfields, this property is equipped with gas heating and double glazing, ensuring a comfortable living environment. The bungalow features an entrance hallway leading to a neutrally decorated lounge and a kitchen/diner complete with fitted units and essential appliances. The bedroom offers generous space overlooking the rear garden, while the bathroom is functional with basic amenities. With local supermarkets, restaurants, and good transport links to Coventry City Centre just a mile away, this property is well-positioned for convenience. Given its previous rental history, which could yield an estimated £850 per month, this bungalow stands as a viable investment option. Additionally, its plot size opens doors for further enhancement or redevelopment in line with local regulations.

Investment Analysis

(CV2 area)

Below Market Value

This property is priced -15.8% below area average per sq ft

-15.8%
Potential saving
This Property
£202/sq ft
Area Average
£240/sq ft
Avg Rent (weekly)
£234
Avg Yield
5.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£156,748
10% above area average per sq ft
Potential ROI
+8.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
48
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (CV2)

Area prices are rising by +3.5% over the last 12 months
3 year growth: 4.4%
5 year growth: 22.7%
Investment Disclaimer: Analysis based on CV2 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

Nicholls Street, Coventry, CV2 4GY
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£440
Based on a loan of £90,000 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.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE