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Nicholls Street, Coventry

West Midlands

£135,000
Listed on 12/02/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
780 sqft

Description

This two-bedroom Victorian mid-terrace home is being offered with no onward chain, making it a prime candidate for first-time buyers and investors eager to enhance value through renovation. Situated in a well-established residential area, the property enjoys convenient access to Coventry city centre as well as local amenities like shops, schools, and healthcare facilities. The strong demand for housing in this area makes it an attractive option for both homeowners and rental investors. The layout begins with an enclosed front porch leading into a spacious main reception room that showcases the traditional proportions characteristic of Victorian architecture. Adjacent to this is a separate dining room, which can serve multiple purposes like a formal dining space or home office, along with stairs leading up to the first floor. At the rear, the kitchen provides direct access to the garden and there’s a ground-floor bathroom that presents opportunities for reconfiguration or modernization. On the upper level, you will find two generously-sized double bedrooms that benefit from ample natural light and space for furniture. The existing layout allows for further enhancements and alterations according to modern living preferences, subject to relevant planning consents. Additional features include gas central heating and double glazing throughout, maintaining a traditional design that could be updated for contemporary needs. With thoughtful improvements, this residence has the potential to become either a charming home or a profitable rental property. The exterior includes a rear garden with potential for developing a low-maintenance outdoor area suitable for entertaining or leisure activities. On-street parking is available at the front of the property. Given its investment potential combined with its desirable location and lack of chain, viewing is strongly encouraged.

Investment Analysis

(CV2 area)

Below Market Value

This property is priced -27.6% below area average per sq ft

-27.6%
Potential saving
This Property
£173/sq ft
Area Average
£239/sq ft
Avg Rent (weekly)
£236
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£204,976
10% above area average per sq ft
Potential ROI
+28.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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
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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
£487
Based on a loan of £101,250 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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