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Back Lane, Meriden, CV7

West Midlands

£495,000
Listed on 29/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1535 sqft

Description

This three-bedroom link-detached dormer bungalow presents an enticing opportunity for those looking to invest in a spacious home with significant renovation potential, nestled on the outskirts of Meriden in a serene countryside locale. The property features a generous driveway and front lawn, offering picturesque south-facing views of the surrounding fields. Inside, a welcoming hallway leads you to a sizeable living room with dual aspects, ensuring it is flooded with natural light. The open-plan kitchen/dining area boasts modern Miele appliances, while flexible spaces on the ground floor can serve as bedrooms or additional living areas. Upstairs, a third bedroom awaits along with access to a loft space that may be primed for conversion into another bedroom (subject to planning permissions), capitalizing on the lovely views. Outside, the private rear garden provides an idyllic retreat and ample scope for extension or landscaping (STPP), enhancing both use and value. This property offers a unique canvas for renovations that could significantly increase its appeal and functionality. Additionally, there's no upward chain, making it easier to explore its potential. While it has been partially rewired and has seen some updates like a relatively new boiler, further modernization would bring this home in line with contemporary standards, enhancing both comfort and value.

Investment Analysis

(CV7 area)

Above Market Value

This property is priced +4.8% above area average per sq ft

+4.8%
This Property
£322/sq ft
Area Average
£308/sq ft
Avg Rent (weekly)
£250
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£519,805
10% above area average per sq ft
Potential ROI
-2.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (CV7)

Area prices are rising by +2.3% over the last 12 months
3 year growth: 1.5%
5 year growth: 11.5%
Investment Disclaimer: Analysis based on CV7 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

Back Lane, Meriden, CV7
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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
£1,813
Based on a loan of £371,250 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