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Gerard Avenue, Coventry, West Midlands, CV4

West Midlands

£170,000
Listed on 02/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
690 sqft

Description

This three-bedroom mid-terrace home is situated in the Canley area, conveniently within walking distance of Warwick University, Cannon Park Shopping Centre, and various local amenities. The property benefits from good transport links, making it an attractive option for both families and students alike. While the interior has been freshly painted, there is significant potential for modernization to enhance its appeal and value. The entrance hallway leads to a lounge that overlooks the street, and a spacious kitchen-diner fitted with a variety of wall and floor units, white goods, and a gas cooker. There is ample space for a dining table, along with direct access to the rear garden. Heating is provided by gas central heating throughout, with an annually tested boiler conveniently located in the kitchen. The shower room on the ground floor includes a walk-in shower, basin, and toilet. Upstairs features two double bedrooms—one at the rear overlooking the garden and another at the front with built-in storage—as well as a smaller double bedroom complete with a cupboard over the stairs. The full family bathroom includes a shower over bath configuration alongside additional fixtures like a heated towel rail. The property also includes single-glazed windows and doors throughout. Outside, you’ll find an enclosed rear garden as well as front garden space; there's potential for off-street parking or creating a driveway next to the house. This property presents an excellent opportunity for first-time buyers looking for a project or investors seeking rental income potential estimated at £1,100 per month. Additionally, it could be suitable for conversion into an HMO (House in Multiple Occupation), maximizing its investment appeal. For interested buyers, this property will be available through an online auction process ensuring transparency and security during bidding. A legal pack can be requested for detailed documentation related to the sale, making it easier to make informed decisions before placing bids.

Investment Analysis

(CV4 area)

Below Market Value

This property is priced -11.4% below area average per sq ft

-11.4%
Potential saving
This Property
£246/sq ft
Area Average
£278/sq ft
Avg Rent (weekly)
£354
Avg Yield
6.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£211,154
10% above area average per sq ft
Potential ROI
+8.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (CV4)

Area prices are stable by +0.1% over the last 12 months
3 year growth: -3.2%
5 year growth: 12.2%
Investment Disclaimer: Analysis based on CV4 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

Gerard Avenue, Coventry, West Midlands, CV4
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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
£623
Based on a loan of £127,500 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