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Windmill Lane, Corley, Coventry

West Midlands

£495,000

Listed on 01/07/2026

Property details

Bedrooms
3
Type
Bungalow
Area
1277 sqft

Description

This uniquely designed detached bungalow is set on an impressive plot with significant opportunities for enhancement and expansion. Ideal for buyers looking to invest in a spacious residence, the property boasts a well-thought-out layout that invites future modifications. With the right planning permissions, there is excellent potential to extend or reconfigure the existing space to create a modern family home tailored to individual needs and preferences. At the heart of the home is a welcoming entrance hallway leading to all key living areas, ensuring an efficient flow throughout. The large living room serves as a highlight, flooded with natural light through expansive windows and French doors that connect seamlessly to the rear garden, perfect for relaxation or entertaining guests. Adjacent to this is a dining room that offers flexibility for both casual dining and more formal occasions, conveniently positioned next to a well-equipped kitchen which could benefit from a contemporary redesign by opening up into an open-plan kitchen-dining area – pending necessary consents. The accommodation comprises three good-sized bedrooms including two doubles and a versatile third room that can function as an office or hobby space. Additionally, there’s potential to revert this room back into its original garage format if desired. A spacious family bathroom paired with a separate WC enhances functionality for families. Outdoors, the extensive grounds provide ample space for extensions or outdoor enhancements (again subject to regulations), making it an attractive proposition for those wanting more than just basic living spaces. The generous outside areas are ideal for gardening enthusiasts or anyone looking to create inviting outdoor entertainment zones while benefiting from privacy and convenient off-road parking at the front. Such properties with substantial plots and renovation prospects are rare in this sought-after semi-rural location of Corley, surrounded by picturesque Warwickshire countryside yet close to essential amenities and transport links. This bungalow presents an enticing opportunity for downsizers, families seeking long-term investment, or developers looking for their next project. Early viewing is strongly advised to explore what this unique property has to offer.

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Investment analysis

(CV7 area)

Above Market Value

This property is priced +24.6% above area average per sq ft

+24.6%
This Property
£388/sq ft
Area Average
£311/sq ft
Avg Rent (weekly)
£268
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£437,072
10% above area average per sq ft
Potential ROI
-25.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (CV7)

Area prices are falling by -3.4% over the last 12 months
3 year growth: -1.5%
5 year growth: -9.7%
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

Windmill Lane, Corley, 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
£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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