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Engleton Road, Radford, Coventry

West Midlands

£340,000Guide Price

Listed on 01/12/2025

Property details

Bedrooms
3
Type
Commercial Property

Description

This distinctive detached property presents a compelling opportunity for investors and developers, set on an expansive plot in a desirable location. Currently configured with mixed-use capabilities, it features commercial space along with residential units, all of which are ripe for transformation. With existing planning permissions to convert the ground floor into additional residential apartments—two flats alongside the retained commercial unit—the potential for increased rental income is significant. The property can generate an estimated annual yield of 9.14%, translating to £50,280 per year. The ground floor hosts a commercial unit complete with various rooms suited for retail or service operation, coupled with storage and restroom facilities. The first floor boasts an impressively renovated three-bedroom flat featuring modern amenities including a high-quality kitchen and spacious living areas, while the second floor is versatile enough to be developed into a studio flat, thanks to its generous layout. Externally, the property includes off-road parking for multiple vehicles and offers both paved and landscaped areas that enhance its appeal. Given its proximity to major transport routes and urban conveniences, this property is not only suitable as it stands but also possesses exceptional redevelopment potential that warrants further investigation.

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Investment analysis

(CV6 area)
Area Average
£248/sq ft
Avg Rent (weekly)
£241
Avg Yield
5.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
58
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (CV6)

Area prices are falling by -2.8% over the last 12 months
3 year growth: -0.7%
5 year growth: +14.6%
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.

Location

Engleton Road, Radford, Coventry
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,284
Based on a loan of £255,000 over 30 years at 4.45% 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.

Stamp duty calculator

This calculation uses non-residential (land/commercial) tax rates.

Price History

-32.0% since listed
£340,000£85,000(-20.0%)
29/05/2026
Current price
£425,000£25,000(-5.6%)
15/05/2026
£450,000£25,000(-5.3%)
11/05/2026
£475,000£25,000(-5.0%)
10/03/2026
£500,000Initial listing
30/11/2025

Next Steps

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