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Ely Close, Walsgrave, Coventry, CV2

West Midlands

£190,000
Listed on 20/01/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
948 sqft

Description

This three-bedroom end-terrace house is situated in a quiet location behind a pedestrian walkway, presenting a promising opportunity for both first-time buyers and investors. The property comes with immediate vacant possession and no onward chain, facilitating a quick purchase process. While the home requires some modernization, it boasts spacious living areas and significant potential for value enhancement. The property's location is particularly attractive, being close to local amenities including shops, primary schools, supermarkets, and easy access to major motorways such as the M1, M6, and M69. Additionally, its proximity to the University Hospital Coventry & Warwickshire makes it appealing for buy-to-let investors. The accommodation features a reception hall leading into a large open-plan lounge/dining area, alongside a kitchen. A previously integral garage has been transformed into an extra reception space that can serve as a ground-floor bedroom or home office. Upstairs are three well-proportioned bedrooms and a bathroom equipped with a shower. Outside, you'll find an open front garden, an enclosed rear garden that is low-maintenance, and convenient rear access via double gates for off-road parking. This property is attractively priced with strong investment potential; early viewings are encouraged.

Investment Analysis

(CV2 area)

Below Market Value

This property is priced -16.1% below area average per sq ft

-16.1%
Potential saving
This Property
£200/sq ft
Area Average
£239/sq ft
Avg Rent (weekly)
£236
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£249,125
10% above area average per sq ft
Potential ROI
+13.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
48
Average per month
Market Turnover
45%
Properties sold annually

Local Market Trend (CV2)

Area prices are rising by +3.7% over the last 12 months
3 year growth: +4.6%
5 year growth: +23.0%
Investment Disclaimer: Analysis based on CV2 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

Ely Close, Walsgrave, Coventry, CV2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£685
Based on a loan of £142,500 over 30 years at 4.06% 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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