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Vernons Lane, Nuneaton, CV10

West Midlands

£155,000
Listed on 02/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
915 sqft

Description

This three-bedroom terraced home presents an excellent opportunity for renovation and investment. Located in Stockingford, Nuneaton, the property sits in a well-established neighborhood, making it attractive to families and investors alike. The area boasts convenient access to local amenities, schools with favorable ratings, and transportation links that connect residents to larger cities. The property features a spacious driveway at the front, providing ample parking space. At the rear, you will find a mature garden complete with a lawn and patio area—ideal for outdoor gatherings or personal relaxation. While the home has remained with the same owner since its last purchase in 1985, it offers significant potential for upgrades and modernization to enhance both its value and livability. Inside, the layout is functional yet open to improvement. With a total floor area of approximately 94.54 square meters, there's plenty of room to reconfigure spaces or add contemporary finishes that reflect current design trends. The insulated loft space could also be explored for conversion opportunities or additional storage. Given that there is no upward chain associated with the sale, this property allows for a straightforward transaction process. The absence of any history of subsidence or unsafe cladding adds to its appeal as an investment opportunity. Furthermore, recent improvements such as UPVC double-glazed windows installed just over three years ago contribute to better energy efficiency. In summary, this property combines traditional charm with an array of possibilities for those looking to invest in a project that can yield long-term rewards in a desirable location.

Investment Analysis

(CV10 area)

Below Market Value

This property is priced -30.9% below area average per sq ft

-30.9%
Potential saving
This Property
£169/sq ft
Area Average
£245/sq ft
Avg Rent (weekly)
£221
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£246,643
10% above area average per sq ft
Potential ROI
+29.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
51
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (CV10)

Area prices are rising by +4.5% over the last 12 months
3 year growth: 2.1%
5 year growth: 21.7%
Investment Disclaimer: Analysis based on CV10 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

Vernons Lane, Nuneaton, CV10
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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
£568
Based on a loan of £116,250 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