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Rugby Road, Binley Woods, Coventry, CV3 2AX

West Midlands

£450,000
Listed on 28/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1044 sqft

Description

This detached bungalow, situated in the sought-after village of Binley Woods, presents a remarkable opportunity for investors or those looking to create their dream home. Spanning approximately 0.2 acres, this property is conveniently located near local amenities and schools, making it an ideal choice for families. The layout consists of two generous reception rooms that could serve various purposes, alongside two double bedrooms and an en-suite bathroom. The existing dining room flows into an extended kitchen area with potential for modernisation. The rear lobby provides access to a shower room and leads out to a south-facing garden, predominantly laid to lawn and bordered by mature shrubs, creating a tranquil outdoor space. While the interiors require significant updating throughout – including single glazing replacement and general cosmetic improvements – the property offers ample parking with a large driveway that connects to both a garage and carport. With gas central heating already in place, this home is ready for renovation. Whether you aim to enhance its existing charm or completely transform it, the possibilities are abundant.

Investment Analysis

(CV3 area)

Above Market Value

This property is priced +53.5% above area average per sq ft

+53.5%
This Property
£431/sq ft
Area Average
£281/sq ft
Avg Rent (weekly)
£253
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£322,471
10% above area average per sq ft
Potential ROI
-35.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
56
Average per month
Market Turnover
46%
Properties sold annually

Local Market Trend (CV3)

Area prices are falling by -4.0% over the last 12 months
3 year growth: +2.9%
5 year growth: +16.7%
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.

Location

Rugby Road, Binley Woods, Coventry, CV3 2AX
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,623
Based on a loan of £337,500 over 30 years at 4.06% 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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