Land at 6-8 Welford Place, Coventry, CV6 5NZ - Image 1

Land at 6-8 Welford Place, Coventry, CV6 5NZ

West Midlands

£80,000

Listed on 16/12/2025

Property Details

Bedrooms

N/A

Type

Detached house

Description

Presenting a notable investment opportunity at a prime location in Coventry. This service offers a plot of land approved for the construction of two three-bedroom residences, providing an excellent prospect for developers and investors. The planning permission was granted on January 15, 2025, and is valid for three years, allowing sufficient time to initiate the project. With a projected Gross Development Value (GDV) of £400,000, this site holds significant potential in a sought-after area. Additionally, there is progress on the sewer diversion from Severn Trent, with the proposal accepted and ready for technical compliance, which can be transferred to the new owner upon completion of necessary agreements. An unparalleled opportunity awaits those looking to maximize their investment in Coventry.

Investment Analysis

(CV6 area)

Area Average

£248/sq ft

Avg Rent (weekly)

£241

Avg Yield

5.5%

Renovation Potential

Heavy 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

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

Land at 6-8 Welford Place, Coventry, CV6 5NZ

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Mortgage Calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments

£293

Based on a loan of £60,000 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.