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Engleton Road, Radford, Coventry - Image 1
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Engleton Road, Radford, Coventry

West Midlands

£500,000
Listed on 01/12/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This detached freehold property presents a noteworthy investment opportunity, situated on a sizable plot in the desirable West Midlands area. Currently configured for mixed-use, it combines commercial and residential components that offer significant potential for redevelopment. Existing planning permissions permit the conversion of the current layout into three modern apartments while maintaining the commercial unit. The ground floor features a well-established commercial space with multiple rooms, including staff facilities and storage areas, which can be transformed into residential units. The first floor has already been partially renovated to a high standard, boasting a new kitchen and spacious living areas alongside three sizeable bedrooms, making it ripe for further enhancements. In contrast, the second floor currently serves as storage but could easily be adapted into an appealing studio flat with appropriate approvals. Externally, the property provides ample parking and outdoor space suitable for further development or landscaping. This versatile property is ideally located near key transport links to the city center and beyond, reinforcing its investment appeal.

Investment Analysis

(CV6 area)
Area Average
£248/sq ft
Avg Rent (weekly)
£241
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
66
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (CV6)

Area prices are stable by +0.1% over the last 12 months
3 year growth: 4.5%
5 year growth: 20.3%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,832
Based on a loan of £375,000 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