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Somerly Close, Binley, Coventry

West Midlands

£140,000

Listed on 26/05/2026

Property Details

Bedrooms
2
Type
Terraced
Area
695 sqft

Description

This mid-terraced property offers two spacious double bedrooms and is nestled in the desirable Binley area of CV3. Presenting a prime opportunity for renovation, this home is ideal for investors or first-time buyers eager to refresh and add value. The absence of an upward chain simplifies the buying process, making it a thoughtful choice for those ready to embark on a modernization journey. Conveniently located near key amenities, including Binley Industrial Estate and major shopping areas, as well as excellent transport links via the A46, this home provides both comfort and accessibility. The ground floor features an entrance porch with practical built-in storage that leads into a sizable living room. The rear hosts a spacious kitchen/diner that offers ample space for dining and direct garden access—perfect for future enhancements. On the upper level, both double bedrooms come equipped with built-in storage solutions alongside a family shower room. Outside, the property boasts a manageable lawned garden with patio space, plus a single garage and driveway parking at the back. The small front garden provides pleasant views of communal green spaces, enhancing the overall appeal. With solid structure and layout combined with significant scope for enhancement, this property represents an exciting project in an established residential neighbourhood.

Investment Analysis

(CV3 area)

Below Market Value

This property is priced -29.1% below area average per sq ft

-29.1%
Potential saving
This Property
£201/sq ft
Area Average
£284/sq ft
Avg Rent (weekly)
£257
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£217,194
10% above area average per sq ft
Potential ROI
+31.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
57
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (CV3)

Area prices are falling by -6.0% over the last 12 months
3 year growth: +1.0%
5 year growth: +13.8%
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 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£499
Based on a loan of £105,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

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