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Thomas Lane Street, Coventry

West Midlands

£175,000

Listed on 23/06/2026

Property Details

Bedrooms
3
Type
End Of Terrace
Area
846 sqft

Description

This spacious three-bedroom family residence presents a remarkable opportunity for investors or buyers keen on undertaking a comprehensive renovation project. Nestled in a convenient location with easy access to local amenities, the property features double-glazed windows and central heating, alongside off-road parking at the rear. The ground floor boasts an expansive open-plan lounge and dining area, complete with a characteristic fireplace and practical under-stair storage. The fitted kitchen offers a substantial amount of cupboard space, perfect for reconfiguration. On the first floor, there are two generously sized double bedrooms and one single bedroom, supplemented by a family bathroom equipped with a corner bath and shower overhead. Given that this property requires complete renovation throughout, it is ideally suited for those looking to modernize and add value.

Investment Analysis

(CV6 area)

Below Market Value

This property is priced -17.0% below area average per sq ft

-17.0%
Potential saving
This Property
£207/sq ft
Area Average
£249/sq ft
Avg Rent (weekly)
£247
Avg Yield
5.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£232,045
10% above area average per sq ft
Potential ROI
-9.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
70
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (CV6)

Area prices are falling by -2.9% over the last 12 months
3 year growth: -0.7%
5 year growth: +14.9%
Investment Disclaimer: Analysis based on CV6 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

Thomas Lane Street, Coventry
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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
£661
Based on a loan of £131,250 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.

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