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Meschines Street, Cheylesmore, Coventry

West Midlands

£235,000
Listed on 07/04/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This three-bedroom mid-terraced property located in the desirable CV3 5DY area presents a valuable opportunity for those looking to invest in a home that requires some modernization. With its advantageous position close to local amenities and schools, this residence is well-suited for first-time buyers, families, or investors eager to enhance its value. The ground floor features a spacious living room ideal for relaxation, complemented by a kitchen at the rear that offers potential for reconfiguration and modern updates. Buyers can capitalize on the practical layout to create an inviting space tailored to their personal preferences. Ascending to the upper level, you will find three versatile bedrooms, which can accommodate family living needs or serve as guest rooms or office space. The family bathroom is also situated here and presents an opportunity for renovation. Outside, the property boasts a rear garden that not only provides outdoor leisure space but also holds potential for landscaping improvements. Convenience is a key trait of this property, with various shops, supermarkets, and eateries just a short distance away. Its proximity to well-regarded primary and secondary schools enhances its appeal to families. Moreover, Coventry city centre is easily accessible, offering an array of retail and dining options along with access to Coventry University. Transport links are also robust here with frequent bus services and close proximity to major roads such as the A45 and A46, making commutes straightforward towards nearby areas including Warwick and Birmingham.

Investment Analysis

(CV3 area)
Area Average
£283/sq ft
Avg Rent (weekly)
£252
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
55
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (CV3)

Area prices are falling by -6.3% over the last 12 months
3 year growth: +1.0%
5 year growth: +13.6%
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

Meschines Street, Cheylesmore, Coventry
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£832
Based on a loan of £176,250 over 30 years at 3.91% 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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