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Honiton Road, WYKEN, Coventry, CV2

West Midlands

£170,000
Listed on 10/11/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
667 sqft

Description

This two-bedroom end terrace property presents a compelling opportunity for those looking to renovate or invest. With its south-facing garden and off-street parking, the property offers a solid foundation in a location favored by families and professionals alike. Situated in the CV2 area, residents will benefit from easy access to essential amenities, including local shops, schools such as Stoke Park Comprehensive and Caludon Castle Academy, and various retail parks. The property is well-connected with convenient transport links to Coventry City Centre, making it an ideal choice for commuters. Notably, the proximity to Coventry University Hospital and Walsgrave Triangle Business Park enhances its appeal for potential tenants. Internally, the layout includes a living room and a kitchen/diner that opens out to the rear garden. Both bedrooms are generously sized, with the master featuring a walk-in storage area. While the bathroom has been upgraded recently, further modernization is required throughout to maximize the property's full potential. The garden is expansive and offers space for further development or extension, subject to necessary planning permissions. Noteworthy features include a Vaillant gas boiler installed in October 2022 with compliance certification available. Recent assessments indicate that while some upgrades are needed—such as a new fuse board—the property has benefited from UPVC double-glazing at the rear since approximately 2012. This freehold property is offered with no chain and provides vacant possession, making it suitable for both first-time buyers and investors seeking a buy-to-let opportunity. With an established history as a rental property, it's positioned well within a growing market ripe for enhancement through renovation efforts. Viewings will be available during an open house event on Friday, November 14th, allowing prospective buyers to explore its potential firsthand.

Investment Analysis

(CV2 area)

Above Market Value

This property is priced +6.3% above area average per sq ft

+6.3%
This Property
£255/sq ft
Area Average
£240/sq ft
Avg Rent (weekly)
£238
Avg Yield
5.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£175,868
10% above area average per sq ft
Potential ROI
-9.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (CV2)

Area prices are rising by +5.2% over the last 12 months
3 year growth: 6.7%
5 year growth: 24.6%
Investment Disclaimer: Analysis based on CV2 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

Honiton Road, WYKEN, Coventry, CV2
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