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Nicholls Street, Coventry CV2

West Midlands

£130,000
Listed on 14/08/2025

Property Details

Bedrooms
1
Type
Detached house
Area
593 sqft

Description

This one-bedroom bungalow presents a unique opportunity for renovation and investment, situated on a generous plot of land that may allow for further development, pending planning approval. Without an upward chain, this property is available for immediate occupancy, making it a practical choice for potential investors or those seeking to establish their own home. The bungalow features gas heating and double glazing throughout, contributing to its comfort and energy efficiency. The interior includes a welcoming entrance hallway leading into a neutrally decorated lounge that overlooks the front yard. The kitchen/diner is equipped with essential base units and appliances, including an integrated oven and hob, while also housing the gas combi boiler. This space offers ample room for dining or additional storage options. The bedroom is generously sized and well-lit, providing a peaceful retreat at the rear of the property. A functional bathroom completes the accommodation with essential fixtures such as a shower cubicle, toilet, and wash basin. Located in Hillfields, residents benefit from easy access to various local amenities—including supermarkets, restaurants, and pharmacies—while Coventry City Centre is just about a mile away. There are also convenient bus links to the city center for those who prefer public transport. Currently unpermitted for street parking but still offering potential avenues for vehicle access, this property could appeal to renters; previous estimates suggest it could generate rental income around £850 per month. Offered with vacant possession, this bungalow not only serves as a comfortable living space but also stands as a canvas for your renovation ideas or development plans in an area with promising growth potential.

Investment Analysis

(CV2 area)

Below Market Value

This property is priced -8.8% below area average per sq ft

-8.8%
Potential saving
This Property
£219/sq ft
Area Average
£240/sq ft
Avg Rent (weekly)
£246
Avg Yield
5.8%

Renovation Potential

Est. Renovation Cost
£13,000 - £32,500
10-25% of property value
Target Value
£156,846
10% above area average per sq ft
Potential ROI
-3.5%
After renovation
Monthly Sales
33
Average per month
Market Turnover
46%
Properties sold annually

Local Market Trend (CV2)

Area prices are rising by +3.8% over the last 12 months
3 year growth: 7.5%
5 year growth: 24.4%
Investment Disclaimer: Analysis based on CV2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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 CV2
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