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The Barley Lea, Coventry, West Midlands

West Midlands

£85,000
Listed on 23/04/2026

Property Details

Bedrooms
2
Type
Apartment
Area
686 sqft

Description

This generously sized two-bedroom apartment presents a promising opportunity for those looking to invest in a property with significant renovation potential. Located within a well-established purpose-built development, the home features spacious rooms and abundant natural light, making it ideal for first-time buyers or investors aiming to enhance its value through modernisation. The living area is bright and airy, complete with large windows that open onto a private balcony—an attractive feature that enhances the overall feel of space and provides pleasant views of the surrounding greenery. The separate kitchen comes equipped with basic fittings and offers plenty of room for appliances, presenting a chance for upgrades or reconfiguration to meet contemporary standards. Both bedrooms are comfortably sized doubles with built-in storage, optimising floor space effectively. The family bathroom includes traditional fixtures but could benefit from cosmetic updates to align with modern tastes. The communal grounds are well-maintained, contributing to the property’s appeal while providing outdoor space for residents. This location boasts convenient access to local amenities including shops and schools, as well as nearby parks like Coombe Abbey Park and War Memorial Park for recreational activities. Transport connections are robust, with regular bus services and easy routes into Coventry city centre as well as major road networks. In summary, this apartment not only offers a comfortable living space but also serves as an excellent investment opportunity in a desirable area, allowing buyers to realise their vision through thoughtful renovations.

Investment Analysis

(CV3 area)

Below Market Value

This property is priced -56.2% below area average per sq ft

-56.2%
Potential saving
This Property
£124/sq ft
Area Average
£283/sq ft
Avg Rent (weekly)
£252
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£213,514
10% above area average per sq ft
Potential ROI
+94.1%
After renovation
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

The Barley Lea, Coventry, West Midlands
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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
£301
Based on a loan of £63,750 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.

Stamp Duty Calculator

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