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Nicholls Street, Coventry, West Midlands, CV2

West Midlands

£130,000
Listed on 23/01/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
947 sqft

Description

This three-bedroom mid-terraced property presents a noteworthy opportunity for renovation in the heart of Coventry. With its strategic location near the city centre and Coventry University, it holds significant investment potential for first-time buyers or landlords looking to enhance rental value. Currently, the property includes a lounge, dining room, kitchen, and bathroom on the ground floor, while the upper levels accommodate two spacious double bedrooms and an additional third bedroom on the second floor. The residence is fully double glazed and equipped with electric night storage heating, although updates are advisable to modernise the interiors. The external space features an overgrown rear garden that can be revitalised to complement the living areas. This property is offered with no onward chain, making it ideal for swift acquisition. It awaits your creative touch to unlock its full potential.

Investment Analysis

(CV2 area)

Below Market Value

This property is priced -42.5% below area average per sq ft

-42.5%
Potential saving
This Property
£137/sq ft
Area Average
£239/sq ft
Avg Rent (weekly)
£236
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£248,862
10% above area average per sq ft
Potential ROI
+46.4%
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

Nicholls Street, Coventry, West Midlands, 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
£469
Based on a loan of £97,500 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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