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Back Lane, Meriden

West Midlands

£495,000

Listed on 09/06/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1535 sqft

Description

This spacious property presents a unique opportunity for renovation, set in a tranquil location with picturesque countryside views. The front garden is well-sized and features a picket fence and farm gate, providing access to ample parking along the shared driveway. Inside, the spacious hallway greets you with original wood flooring and a period staircase leading to the first floor, creating a warm entryway to the home. The dual-aspect living room is bathed in natural light, boasting great proportions for flexible furniture arrangements, though it would benefit from modernization to enhance its appeal. The expansive open-plan kitchen/dining area is equipped with high-end Miele appliances; however, updates could be made for an even more contemporary finish. Ample space for both dining and entertaining exists, complemented by additional storage solutions. The shower room is functional yet could use aesthetic improvements to elevate its modern charm. The three bedrooms provide generous space and outlooks into the peaceful garden setting at the rear. The potential for further development is evident here, especially with an upper landing that could easily be transformed into an office or reading nook. One of the standout features includes the loft space which presents potential for extension (subject to planning permission). The rear garden offers layers of privacy and tranquillity, featuring tiered lawns perfect for outdoor enjoyment or future extensions if desired. Additionally, there’s an outside WC which adds practicality during gatherings. The garage offers power and water connections, further enhancing functionality. Overall, this property provides numerous possibilities for both cosmetic upgrades and structural enhancements while enjoying a sought-after location in the West Midlands.

Investment Analysis

(CV7 area)

Above Market Value

This property is priced +3.2% above area average per sq ft

+3.2%
This Property
£322/sq ft
Area Average
£313/sq ft
Avg Rent (weekly)
£275
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£527,825
10% above area average per sq ft
Potential ROI
-3.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (CV7)

Area prices are falling by -3.5% over the last 12 months
3 year growth: -1.7%
5 year growth: -6.4%
Investment Disclaimer: Analysis based on CV7 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

Back Lane, Meriden
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,870
Based on a loan of £371,250 over 30 years at 4.45% 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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