310 Grange Road, Coventry, West Midlands, CV6 6DE - 28 views - 18 days ago
Listed for £150,000
April 30, 2024
Sold for £95,000
2006
PROPERTY IN NEED OF FULL RENOVATIONBELOW MARKET VALUENO ONWARDS CHAIN Suttons offers for sale a three-bedroom three story mid terraced family home in need of total renovation in the popular residential area of Longford. The area boasts a wealth of local amenities and transport links, such as Bayton Road industrial estate, Hawkesbury Junction, The Greyhound inn pub, Grangehurst, Aldermans and Foxford Schools, along with easy access to M6, A444, Coventry arena train station. Briefly comprises of entrance porch, front reception room, rear reception room, understairs storage cupboard, fitted kitchen with space for appliances, ground floor tiled bathroom with an electric shower over the bath. Rising to the first floor are two double bedrooms with 9ft high ceilings and then rising to the second floor is a further bedroom. Outside to the front is a low-maintenance garden, with the rear mainly laid to lawn. The property is heated via storage heater and it would ideally benefit from a new heating system. The property has been priced with necessary works in mind and would look to make a fantastic family home or indeed buy to let investment. Good to know: No onwards Chain To be sold vacant Gas is understood to be connected to the property. Freehold EPC – TBC If modernised we estimate a value being around £180,000 - £185,000* If modernised and then rented we estimate around £1,000 pcm. Council Tax Band A - £1,530pa Measurements in foot Front reception (from bay window) – 13.55 x 11.14 Rear reception – 12.15 x 11.11 Kitchen – 10.49 x 6.84 Bathroom – 7.28 x 6.66 Bedroom 1 front – 11.19 x 11.40 Bedroom 2 rear – 11.15 x 9.14 Bedroom 3 top floor – 11.19 x 16.52
Population in CV6 | 86,314 |
Population in Coventry | 351,075 |
Town centre distance | 3 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 1.03 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +52% |
Sales demand | Seller's market |
Capital growth (5yrs) | +19% |
Sold prices | £132.1K - £475K |
Sold prices/m² | £1,554/m² - £3,874/m² |
| |
Square metres | ~93 m² |
Price/m² | £1,613/m² |
Value estimate | £150,000 |
| |
End value, after refurb | £250,768 |
Uplift in value | +67% |
51 sold prices
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£217.5K | 12/20 | 0.13 mi | 9, Ashurst Close, Longford, Coventry, Warwickshire CV6 6TB | £2,788 | 78 | 3 | Semi-Detached House | |
£190K | 03/21 | 0.17 mi | 20, Lymington Drive, Longford, Coventry, Warwickshire CV6 6TA | £2,346 | 81 | 3 | Terraced House | |
£265K | 03/23 | 0.19 mi | 28, Brockenhurst Way, Longford, Coventry, Warwickshire CV6 6TE | £3,313 | 80 | 3 | Detached House | |
£187.5K | 02/21 | 0.22 mi | 12, Canalside, Longford, Coventry, Warwickshire CV6 6RB | - | - | 3 | Semi-Detached House | |
£255K | 03/23 | 0.22 mi | 5, Canalside, Longford, Coventry, Warwickshire CV6 6RB | - | - | 3 | Semi-Detached House | |
£220K | 05/23 | 0.22 mi | 12, Canalside, Longford, Coventry, Warwickshire CV6 6RB | - | - | 3 | Semi-Detached House | |
£240K | 02/23 | 0.25 mi | 118, Grange Road, Longford, Coventry, West Midlands CV6 6DA | - | - | 3 | Terraced House | |
£170K | 07/21 | 0.26 mi | 194, Grange Road, Longford, Coventry, West Midlands CV6 6DA | - | - | 3 | Semi-Detached House | |
£475K | 12/20 | 0.26 mi | 22, Sutton Stop, Longford, Coventry, West Midlands CV6 6DF | £3,874 | 123 | 3 | Detached House | |
£252K | 08/21 | 0.28 mi | 23, Ansell Drive, Longford, Coventry, West Midlands CV6 6PQ | £3,316 | 76 | 3 | Detached House | |
£189K | 12/20 | 0.29 mi | 14, Pumphouse Close, Longford, Coventry, Warwickshire CV6 6RE | £2,739 | 69 | 3 | Terraced House | |
£209.5K | 06/21 | 0.3 mi | 17, Channel Way, Longford, Coventry, Warwickshire CV6 6RF | - | - | 3 | Detached House | |
£385K | 11/20 | 0.31 mi | 108, Blackhorse Road, Longford, Coventry, Warwickshire CV6 6DL | £2,711 | 142 | 3 | Semi-Detached House | |
£260K | 07/23 | 0.31 mi | 132, Blackhorse Road, Longford, Coventry, Warwickshire CV6 6DL | - | - | 3 | Semi-Detached House | |
£260K | 07/22 | 0.33 mi | 5, Heritage Drive, Longford, Coventry, Warwickshire CV6 6QR | £2,741 | 95 | 3 | Detached House | |
£179K | 12/19 | 0.34 mi | 41, Towpath Close, Longford, Coventry, Warwickshire CV6 6RG | £2,183 | 82 | 3 | Semi-Detached House | |
£230K | 03/21 | 0.35 mi | 33, Sephton Drive, Longford, Coventry, Warwickshire CV6 6QY | £2,447 | 94 | 3 | Semi-Detached House | |
£170K | 02/21 | 0.35 mi | 29, Sephton Drive, Longford, Coventry, Warwickshire CV6 6QY | £2,208 | 77 | 3 | Semi-Detached House | |
£288K | 02/23 | 0.36 mi | 7, Heritage Drive, Longford, Coventry, Warwickshire CV6 6QR | - | - | 3 | Semi-Detached House | |
£240K | 03/21 | 0.37 mi | 45, Hanson Way, Longford, Coventry, West Midlands CV6 6PL | £2,697 | 89 | 3 | Detached House | |
£275K | 12/19 | 0.37 mi | 68, Jackers Road, Coventry, West Midlands CV2 1PF | £2,063 | 133 | 3 | Detached House | |
£340K | 10/22 | 0.38 mi | 68, Jackers Road, Coventry, West Midlands CV2 1PF | £2,551 | 133 | 3 | Detached House | |
£210K | 04/21 | 0.41 mi | 25, Lole Close, Longford, Coventry, West Midlands CV6 6PR | £2,763 | 76 | 3 | Terraced House | |
£230.5K | 06/21 | 0.41 mi | 6, Lole Close, Longford, Coventry, West Midlands CV6 6PR | £2,994 | 77 | 3 | Detached House | |
£225K | 05/23 | 0.41 mi | 19, Lole Close, Longford, Coventry, West Midlands CV6 6PR | £2,885 | 78 | 3 | Terraced House | |
£170K | 06/21 | 0.41 mi | 88, Silverdale Close, Coventry, West Midlands CV2 1PY | - | - | 3 | Terraced House | |
£210K | 07/23 | 0.41 mi | 106, Silverdale Close, Coventry, West Midlands CV2 1PY | £2,414 | 87 | 3 | Terraced House | |
£210K | 07/23 | 0.41 mi | 106, Silverdale Close, Coventry, West Midlands CV2 1PY | £2,414 | 87 | 3 | Terraced House | |
£290K | 02/23 | 0.42 mi | 344, Aldermans Green Road, Coventry, West Midlands CV2 1NN | - | - | 3 | Detached House | |
£258K | 10/20 | 0.43 mi | 8, Aspen Drive, Longford, Coventry, Warwickshire CV6 6QS | £2,481 | 104 | 3 | Detached House | |
£254K | 02/21 | 0.43 mi | 23, Aspen Drive, Longford, Coventry, Warwickshire CV6 6QS | £2,646 | 96 | 3 | Detached House | |
£255K | 03/21 | 0.43 mi | 25, Aspen Drive, Longford, Coventry, Warwickshire CV6 6QS | - | - | 3 | Detached House | |
£230K | 09/20 | 0.43 mi | 29, Aspen Drive, Longford, Coventry, Warwickshire CV6 6QS | £2,644 | 87 | 3 | Detached House | |
£270K | 11/21 | 0.44 mi | 2, Hurst Walk, Longford, Coventry, West Midlands CV6 6EQ | - | - | 3 | Detached House | |
£182.5K | 02/23 | 0.51 mi | 7, Silverdale Close, Coventry, West Midlands CV2 1PX | - | - | 3 | Terraced House | |
£160K | 11/19 | 0.54 mi | 16, Chingford Road, Coventry, West Midlands CV6 6HA | £1,860 | 86 | 3 | Terraced House | |
£208K | 11/20 | 0.6 mi | 3, Oakmoor Road, Coventry, West Midlands CV6 6JS | £2,889 | 72 | 3 | Terraced House | |
£216.5K | 08/21 | 0.61 mi | 8, Lady Lane, Longford, Coventry, West Midlands CV6 6AZ | £1,995 | 109 | 3 | Semi-Detached House | |
£190K | 03/21 | 0.61 mi | 57, Glenmore Drive, Coventry, West Midlands CV6 6LZ | £2,405 | 79 | 3 | Semi-Detached House | |
£155K | 11/19 | 0.63 mi | 167a, Aldermans Green Road, Coventry, West Midlands CV2 1PQ | £1,914 | 81 | 3 | Terraced House | |
£210K | 02/21 | 0.64 mi | 31, Glenmount Avenue, Longford, Coventry, West Midlands CV6 6LU | £2,032 | 103 | 3 | Detached House | |
£148.5K | 02/21 | 0.66 mi | 116, Aldermans Green Road, Coventry, West Midlands CV2 1PP | £2,092 | 71 | 3 | Terraced House | |
£420K | 06/21 | 0.68 mi | 113, Wilsons Lane, Longford, Coventry, West Midlands CV6 6AB | £1,935 | 217 | 3 | Detached House | |
£287.5K | 03/23 | 0.68 mi | 77, Wilsons Lane, Longford, Coventry, West Midlands CV6 6AB | - | - | 3 | Terraced House | |
£212K | 11/20 | 0.68 mi | 111, Longford Road, Longford, Coventry, West Midlands CV6 6ED | £1,876 | 113 | 3 | Detached House | |
£212K | 11/20 | 0.68 mi | 111, Longford Road, Longford, Coventry, West Midlands CV6 6ED | £1,876 | 113 | 3 | Detached House | |
£213K | 03/21 | 0.7 mi | 7, Maple Walk, Longford, Coventry, West Midlands CV6 6AU | £1,964 | 108 | 3 | Semi-Detached House | |
£132.1K | 12/20 | 0.7 mi | 14a, Wilsons Lane, Longford, Coventry, West Midlands CV6 6AD | £1,554 | 85 | 3 | Terraced House | |
£425K | 11/21 | 0.73 mi | 107, Lentons Lane, Aldermans Green, Coventry, West Midlands CV2 1NY | - | - | 3 | Detached House | |
£185K | 11/21 | 0.75 mi | 7, Woolgrove Street, Coventry, West Midlands CV6 7AY | - | - | 3 | Terraced House | |
£237.6K | 03/23 | 0.77 mi | 50, Rowleys Green Lane, Longford, Coventry, West Midlands CV6 6AH | £2,755 | 86 | 3 | Terraced House |
Cash In | |
Deposit (25%) | £37,500 |
Stamp duty & legals | £5,700 |
Refurb costs | £36,593 |
Total cash in | £79,793 |
| |
Cash Out | |
Monetisation | Rent OutFlip |
Rent range | £885 - £3,000 |
Rent estimate | £1,208 |
Revaluation | £250,768 |
New mortgage | £188,076 |
Cash left in | £6,530 |
Running costs/mo | £1,045 |
Cashflow/mo | £163 |
Cashflow/yr | £1,956 |
ROI | 30% |
Gross yield | 10% |
29 rents
Rent | Date | Distance | Address | Beds | Type | |
£1,100 | 12/23 | 0.23 mi | - | 3 | Semi-Detached House | |
£1,100 | 12/23 | 0.23 mi | - | 3 | Semi-Detached House | |
£1,295 | 03/24 | 0.38 mi | Lole Close, Longford, Coventry | 3 | Detached House | |
£1,000 | 04/24 | 0.47 mi | Foxford Crescent, Coventry, CV2 1QB | 3 | Terraced House | |
£1,000 | 04/24 | 0.48 mi | Silverdale Close, Coventry, CV2 | 3 | House | |
£995 | 01/24 | 0.53 mi | Hurst Road, Longford, Coventry, CV6 6EG | 3 | Terraced House | |
£3,000 | 05/24 | 0.78 mi | - | 3 | Detached House | |
£895 | 03/24 | 0.79 mi | - | 3 | Semi-Detached House | |
£885 | 03/24 | 0.79 mi | - | 3 | Semi-Detached House | |
£1,200 | 02/24 | 0.93 mi | - | 3 | Terraced House | |
£1,450 | 03/24 | 1.01 mi | - | 3 | Detached House | |
£1,275 | 04/24 | 1.06 mi | - | 3 | Terraced House | |
£950 | 03/24 | 1.07 mi | Pearson Avenue, Aldermans Green, CV6 | 3 | Flat | |
£895 | 02/24 | 1.07 mi | Hall Green Rd, Coventry, CV6 7BT | 3 | Terraced House | |
£1,350 | 12/23 | 1.08 mi | - | 3 | Semi-Detached House | |
£2,400 | 01/24 | 1.14 mi | - | 3 | Detached House | |
£1,270 | 02/24 | 1.15 mi | - | 3 | Semi-Detached House | |
£1,075 | 03/24 | 1.17 mi | Arbury Avenue, Coventry | 3 | Detached House | |
£1,100 | 03/24 | 1.17 mi | Arbury Avenue, Coventry | 3 | Detached House | |
£1,150 | 03/24 | 1.17 mi | Binswood Close, Coventry | 3 | Flat | |
£1,075 | 02/24 | 1.18 mi | - | 3 | Terraced House | |
£1,075 | 02/24 | 1.18 mi | Arbury Avenue, Coventry, CV6 | 3 | Terraced House | |
£1,075 | 03/24 | 1.18 mi | Wappenbury Road, Coventry | 3 | Flat | |
£900 | 03/24 | 1.22 mi | Glaisdale Avenue, COVENTRY | 3 | Flat | |
£1,450 | 03/24 | 1.22 mi | - | 3 | Semi-Detached House | |
£1,300 | 04/24 | 1.22 mi | - | 3 | Semi-Detached House | |
£1,025 | 04/24 | 1.24 mi | - | 3 | Terraced House | |
£1,025 | 04/24 | 1.24 mi | - | 3 | Terraced House | |
£975 | 03/24 | 1.24 mi | Farndale Avenue, Coventry, CV6 | 3 | Terraced House |