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Somerly Close, Binley, Coventry

West Midlands

£140,000
Listed on 24/02/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
695 sqft

Description

This mid-terraced house features two spacious double bedrooms and is situated in the sought-after Binley area, making it a promising renovation project. Available with no upward chain, this property is perfect for investors or first-time buyers eager to enhance its value through modernization. The property boasts convenient access to local amenities, including Binley Industrial Estate and Warwickshire Shopping Park, along with excellent transport links via the A46. The ground floor layout presents an entrance porch that includes built-in storage, opening into a sizable living room. At the rear, you will find a kitchen/diner that provides ample dining space and leads directly to a private garden. On the upper floor, there are two well-sized double bedrooms featuring built-in storage solutions, plus a family shower room. Outside, the rear garden offers both lawn and patio areas along with a single garage and driveway parking. The front garden enhances the property's appeal with views over a public green space. With solid proportions throughout and significant potential for improvement, this home represents an outstanding opportunity to create a personalized living space in a well-established residential neighborhood.

Investment Analysis

(CV3 area)

Below Market Value

This property is priced -28.4% below area average per sq ft

-28.4%
Potential saving
This Property
£201/sq ft
Area Average
£281/sq ft
Avg Rent (weekly)
£261
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£214,977
10% above area average per sq ft
Potential ROI
+26.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
53
Average per month
Market Turnover
46%
Properties sold annually

Local Market Trend (CV3)

Area prices are stable by -2.0% over the last 12 months
3 year growth: +3.3%
5 year growth: +18.9%
Investment Disclaimer: Analysis based on CV3 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

Somerly Close, Binley, Coventry
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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
£505
Based on a loan of £105,000 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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