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Sovereign Road, Coventry, CV5

West Midlands

£160,000
Listed on 07/12/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
764 sqft

Description

This classic terraced property presents an excellent opportunity for those eager to undertake a renovation project. The spacious lounge, accentuated by a charming bay window, welcomes plenty of natural light, setting a warm tone for the home. Adjacent is a separate dining area that offers flexibility for family gatherings or hosting friends. The kitchen currently requires a refresh but holds great potential to be transformed into a modern culinary space that reflects your personal style. On the upper level, you will find two well-sized double bedrooms that afford ample room for furnishings and storage solutions. The bathroom is also in need of updating, allowing for creative input and design choices to turn it into a serene retreat. With gas central heating and double glazing already installed, the property benefits from essential features while still needing some modern touches. Offered with no onward chain, this home provides a swift transition once you decide to proceed. Whether you are stepping onto the property ladder as a first-time buyer or seeking an investment opportunity, this house boasts significant potential for enhancement and value appreciation.

Investment Analysis

(CV5 area)

Below Market Value

This property is priced -23.5% below area average per sq ft

-23.5%
Potential saving
This Property
£209/sq ft
Area Average
£274/sq ft
Avg Rent (weekly)
£253
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£229,933
10% above area average per sq ft
Potential ROI
+24.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
49
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (CV5)

Area prices are stable by +1.5% over the last 12 months
3 year growth: 2.5%
5 year growth: 15.9%
Investment Disclaimer: Analysis based on CV5 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

Sovereign Road, Coventry, CV5
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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
£586
Based on a loan of £120,000 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