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Purley View, Atherstone, CV9

West Midlands

£205,000
Listed on 30/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
969 sqft

Description

This three-bedroom end-terrace property is situated on a prominent corner plot in the heart of Mancetter village, offering a unique opportunity for those interested in renovation or investment. The property requires full modernization, making it an ideal project for both developers and buyers looking to create a bespoke living space. One of the key features of this property is its generous side plot, which presents exciting possibilities for extension, redevelopment, or reconfiguration—subject to obtaining the necessary planning permissions. With its ample outdoor space, there is potential not only for expansion but also for conversion into apartments or a house in multiple occupation (HMO), enabling an investor to capitalize on the location's favorable demand for rental properties. Internally, the layout reflects a traditional design. Upon entering through the porch, you are welcomed by a hallway that leads to two main reception areas and provides access to the first floor. The sitting room at the front enjoys dual aspect windows, ensuring plenty of natural light throughout the day. Adjacent to this space is a central dining room that connects directly to the kitchen. This area features basic units and worktops but has great dimensions that allow for significant redesign into a modern kitchen suited for today's lifestyle. Additional amenities include a ground floor WC and an external door leading out to the garden. The upper level comprises three well-proportioned double bedrooms along with a family bathroom. The spacious landing offers further opportunities to consider alterations or repurposing some areas, enhancing the overall layout and functionality of the home. Externally, the sizable side plot stands out as a major asset; it could be utilized for various purposes pending approval from local authorities. The enclosed courtyard garden provides privacy while a substantial front driveway accommodates off-road parking for several vehicles—a practical feature rarely found in similar properties in this area. With Atherstone town center just minutes away and strong transport links available for commuters, this property occupies an appealing position within a popular residential community. Whether you're aiming to forge your vision into reality as a homeowner or seeking an investment with notable development potential, this property offers significant scope in an established neighborhood with growing appeal. The property is equipped with double-glazed windows and operates on an electric hot water system; while gas is not currently used within the home, connections are assumed to be present. Additionally, it relies on coal-fired central heating at this time. This residence presents itself as an excellent blank canvas waiting for transformation—an opportunity not to be overlooked by those eager to make their mark in real estate.

Investment Analysis

(CV9 area)

Below Market Value

This property is priced -18.8% below area average per sq ft

-18.8%
Potential saving
This Property
£212/sq ft
Area Average
£261/sq ft
Avg Rent (weekly)
£208
Avg Yield
3.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£277,667
10% above area average per sq ft
Potential ROI
-5.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (CV9)

Area prices are falling by +2.9% over the last 12 months
3 year growth: -0.7%
5 year growth: 13.7%
Investment Disclaimer: Analysis based on CV9 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

Purley View, Atherstone, CV9
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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
£751
Based on a loan of £153,750 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