3 Bed Terraced House, Refurb/BRRR, Coventry, CV2 5FQ, £200,000

Hipswell Highway, Coventry, CV2 5FQ - 2 views - 10 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£130K - £387.1K
Sold Prices/m²£1.8K/m² - £3.9K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£206,000
BMV3%

 

 

End Value (After Refurb)

£211,598

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£36,800

Bridging Loan Interest

£5,250

Total Cash In

£101,000

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£211,598

Mortgage (After Refinance)

£158,699

Mortgage LTV

75%

Cash Released

£8,699

Cash Left In

£92,301

Equity

£52,900

Rent Range

£900 - £3,200

Rent Estimate

£1,245

Running Costs/mo

£930

Cashflow/mo

£315

Cashflow/yr

£3,777

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £130K to £387.1K, average is £205.5K. £1.8K/m² to £3.9K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£175K02/210.07 mi347, Hipswell Highway, Coventry, West Midlands CV2 5FQ3
£250K04/230.07 mi233, Hipswell Highway, Coventry, West Midlands CV2 5FP3
£170K10/210.08 mi55, Harold Road, Coventry, West Midlands CV2 5LB3
£200K04/210.08 mi310, Hipswell Highway, Coventry, West Midlands CV2 5FS3
£357.5K06/230.09 mi18, Keats Road, Lower Stoke, Coventry, West Midlands CV2 5LA3
£293K05/230.12 mi207, Tennyson Road, Coventry, West Midlands CV2 5JE3
£205K09/210.12 mi261, Tennyson Road, Coventry, West Midlands CV2 5JE3
£276K01/230.12 mi9, Sandgate Crescent, Coventry, West Midlands CV2 5LF3
£205K03/210.12 mi258, Tennyson Road, Coventry, West Midlands CV2 5JG3
£252.5K02/210.15 mi16, Omar Road, Coventry, West Midlands CV2 5JY3
£180K07/210.17 mi9, Crakston Close, Coventry, West Midlands CV2 5EB3
£216K06/230.19 mi23, The Drive, Coventry, West Midlands CV2 5FT3
£350K11/200.19 mi45, Swinburne Avenue, Coventry, West Midlands CV2 5LH3
£235K10/200.2 mi8, Lord Lytton Avenue, Coventry, West Midlands CV2 5JP3
£385K09/220.21 mi5, Swinburne Avenue, Coventry, West Midlands CV2 5LH3
£206K04/230.22 mi10, Carver Close, Coventry, West Midlands CV2 5NJ3
£168K12/200.23 mi84, Mayflower Drive, Coventry, West Midlands CV2 5NP3
£190K03/230.23 mi92, Mayflower Drive, Coventry, West Midlands CV2 5NP3
£165K12/200.23 mi151, St Ives Road, Wyken, Coventry, West Midlands CV2 5FW3
£153K03/210.23 mi12, Brewster Close, Coventry, West Midlands CV2 5NS3
£180K09/210.24 mi16, Briars Close, Coventry, West Midlands CV2 5JR3
£195K04/210.26 mi175, Tennyson Road, Coventry, West Midlands CV2 5JD3
£185K12/200.26 mi133, Tennyson Road, Coventry, West Midlands CV2 5JD3
£250K05/230.27 mi115, Momus Boulevard, Coventry, West Midlands CV2 5NB3
£260K11/210.3 mi31, Bromleigh Drive, Coventry, West Midlands CV2 5LW3
£188K08/210.31 mi421, Binley Road, Binley, Coventry, West Midlands CV3 2DF3
£225K03/230.31 mi206, Longfellow Road, Coventry, West Midlands CV2 5HH3
£250K01/210.33 mi9, Barbican Rise, Stoke, Coventry, West Midlands CV2 5NR3
£200K08/210.34 mi113, Longfellow Road, Coventry, West Midlands CV2 5HN3
£185K12/200.34 mi9, Margeson Close, Coventry, West Midlands CV2 5NU3
£265K03/210.34 mi6, Marconi Close, Coventry, West Midlands CV3 1QE3
£205K06/210.34 mi57, Macdonald Road, Wyken, Coventry, West Midlands CV2 5FE3
£187K07/230.35 mi27, St Austell Road, Coventry, West Midlands CV2 5AF3
£211K06/230.36 mi115, Hipswell Highway, Coventry, West Midlands CV2 5FL3
£130K12/220.37 mi127, Hipswell Highway, Coventry, West Midlands CV2 5FL3
£278K02/230.37 mi100, Tennyson Road, Coventry, West Midlands CV2 5JA3
£387.1K04/210.38 mi59, Brookvale Avenue, Binley, Coventry, West Midlands CV3 2DG3
£210K04/210.38 mi30, Kempley Avenue, Coventry, West Midlands CV2 5LP3
£223K01/210.38 mi46, Kempley Avenue, Coventry, West Midlands CV2 5LP3
£193K06/210.39 mi17, St Ives Road, Wyken, Coventry, West Midlands CV2 5FY3
£228K02/230.39 mi63, St Ives Road, Wyken, Coventry, West Midlands CV2 5FY3
£185K12/200.42 mi97, Tennyson Road, Coventry, West Midlands CV2 5HZ3
£237.5K02/210.42 mi111, Tennyson Road, Coventry, West Midlands CV2 5HZ3
£211K04/210.42 mi82, Morris Avenue, Wyken, Coventry, West Midlands CV2 5GW3
£205K02/230.42 mi48, Morris Avenue, Wyken, Coventry, West Midlands CV2 5GW3
£190K03/230.42 mi25, Macaulay Road, Coventry, West Midlands CV2 5FD3
£248K03/230.42 mi28, Macaulay Road, Coventry, West Midlands CV2 5FD3
£256K05/210.43 mi126, Longfellow Road, Coventry, West Midlands CV2 5HF3
£185K01/210.45 mi45, Macaulay Road, Coventry, West Midlands CV2 5FB3
£185K02/210.45 mi38, Macaulay Road, Coventry, West Midlands CV2 5FB3

Local Rents

35 rents from £900/mo to £3.2K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10003/240.07 miHipswell Highway, Coventry, CV2 5FR3
£1,15003/240.07 miHipswell Highway, Coventry, CV2 5FR3
£1,10004/240.07 miHipswell Highway, Coventry, CV2 5FR3
£1,10004/240.07 miHipswell Highway, Coventry, CV2 5FR3
£90003/240.12 miSandgate Crescent, Stoke, Coventry, CV23
£90004/240.12 miSandgate Crescent, Stoke, Coventry, CV23
£1,35004/240.14 miThe Drive, Wyken, Coventry, West Midlands, CV23
£97503/240.18 miLord Lytton Avenue, Copeswood, Coventry3
£97503/240.18 miLord Lytton Avenue, Copeswood, Coventry3
£97504/240.18 miLord Lytton Avenue, Copeswood, Coventry3
£1,30004/240.23 miSt Ives Road , Wyken, CV23
£97503/240.23 miBrewster Close, Coventry, CV23
£1,30005/240.32 mi-3
£1,50005/240.32 mi-3
£3,20005/240.37 mi-3
£1,20003/240.37 miHipswell Highway, Coventry, West Midlands, CV23
£1,30003/240.37 mi-3
£1,05002/240.4 mi-3
£1,15003/240.41 miLongfellow Road, Coventry3
£1,20004/240.42 miMacaulay Road, Coventry, CV23
£1,35012/240.48 miLila Avenue, Coventry3
£1,05003/240.49 miBelgrave Road, Wyken, Coventry, CV2 5AY3
£1,15003/240.5 miBrowning Road, COVENTRY3
£1,25012/240.5 miLoweswater Road, Binley, Coventry, West Midlands, CV33
£1,39512/240.5 miAmelia Crescent, COPSEWOOD, Binley, Coventry, CV33
£1,35003/240.52 miMorris Avenue, Coventry3
£1,45012/240.52 mi-3
£1,45012/240.52 mi-3
£1,35012/240.53 miBridgeacre Gardens, Coventry, CV33
£1,20012/240.53 miDaisy Close, Coventry3
£1,25012/240.54 mi-3
£99512/240.54 miGlebefarm Grove Binley Coventry3
£1,20005/240.56 miChurch Lane, Coventry3
£1,10003/240.57 miChurch Lane, Stoke, Coventry3
£1,40012/240.61 miClifford Bridge Road, Binley, Coventry, CV33

Local Area Statistics

Population in CV2

63,190

Population in Coventry

351,075

Town centre distance

2.01 miles away

Nearest school

0.10 miles away

Nearest train station

2.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £200,000

March 19, 2024

Description

  • ONE OWNER FROM NEW +
  • THREE BEDROOMS +
  • TWO RECEPTION ROOMS +
  • SHOWER ROOM +
  • GARDENS TO FRONT AND REAR +
  • NO ONWARD CHAIN +

Set on a generous elevated plot and within easy reach of local facilities is this spacious three bedroom terraced home that requires modernisation.

The property is arranged over two floors and the accommodation comprises; enclosed porch, entrance hall with cloaks cupboard, living room, dining room, kitchen and a lean to that links the external shed and WC to the property. On the first floor are two spacious double bedrooms to front and rear, a third single bedroom and a re-fitted shower room.

Outside is a generous front garden, mainly laid to lawn and to the rear is an enclosed garden with patio, lawn and a detached pre fabricated single garage access via a shared lane to the rear.

Agent Details

haart, Coventry

024 7542 7333

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪