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Queen Marys Road, Coventry, West Midlands, CV6 - Image 1
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Queen Marys Road, Coventry, West Midlands, CV6

West Midlands

£80,000
Listed on 02/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
712 sqft

Description

This two-bedroom mid-terraced house presents a compelling opportunity for renovation and investment in Coventry. The property features a traditional layout, with a lounge and dining room on the ground floor, alongside a kitchen and bathroom. Upstairs, two bedrooms are accessible from the central landing. While it currently requires extensive renovation throughout, this presents an exciting prospect for those looking to put their mark on a property. The outdoor space includes a modest front yard and a generously sized rear garden equipped with a wooden shed, providing potential for landscaping or additional outdoor amenities. Located conveniently near the A444, this home offers easy access to local amenities in Foleshill as well as reputable schools such as Edgewick Primary School and Lote Tree Primary School within walking distance. Additionally, Coventry Station is approximately 2.3 miles away, making it suitable for commuters and providing further investment appeal. This property is being sold as-is and is only available to cash buyers due to its condition and low energy performance rating (EPC rating F), which may restrict mortgage options. Consequently, prospective buyers should consider the full scope of renovations required before bidding. The sale also comes with specific conditions: it will require completion within 75 days post-auction, emphasizing the need for ready financing solutions. As a probate property, limited information about its history is available; interested parties must conduct their own due diligence prior to purchase. In conclusion, this property not only offers significant renovation potential but also represents an investment opportunity in a desirable area of Coventry with plentiful nearby amenities and transport links.

Investment Analysis

(CV6 area)

Below Market Value

This property is priced -54.6% below area average per sq ft

-54.6%
Potential saving
This Property
£112/sq ft
Area Average
£248/sq ft
Avg Rent (weekly)
£249
Avg Yield
5.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£193,999
10% above area average per sq ft
Potential ROI
+21.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
57
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (CV6)

Area prices are stable by +1.7% over the last 12 months
3 year growth: 7.8%
5 year growth: 22.1%
Investment Disclaimer: Analysis based on CV6 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.

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Location

Queen Marys Road, Coventry, West Midlands, CV6
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