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3 bed terraced house for sale

£250,000 Offers in region of

Newcombe Road, Coventry CV5

3 bed terraced house for sale 3 2 2
Interested in this property? Call +44 24 7511 7685 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Three/Four Bedrooms
  • No Onward Chain
  • Two Bathrooms
  • Two Reception Rooms
  • Fantastic Investment Opportunity
  • In the Heart of Earlsdon
  • Let for £1,000pcm
  • Tenanted until March 2025
  • EPC Rating D

Property description

Located in the heart of the highly sought-after area of Earlsdon, this three-bedroom terraced house presents a lucrative investment opportunity for prospective buyers. Boasting a prime position within a vibrant community, this property is offered with no onward chain, making for a seamless and hassle-free acquisition process.

Upon entering the home, you are greeted by a well-appointed layout that encompasses two reception rooms, offering ample space for relaxation and entertaining guests. The modern kitchen is equipped with all the necessary amenities, ensuring a convenient and efficient cooking experience for residents.

The property features two bathrooms, a valuable addition that enhances the overall comfort and convenience of the home. With multiple bathrooms available, morning routines are streamlined, and privacy is maintained for all occupants.

Currently tenanted until March 2025, this property generates a monthly rental income of £1,000, providing an immediate return on investment for discerning buyers. The existing tenancy agreement offers stability and assurance for those looking to capitalise on the thriving rental market in this desirable locale.

This terraced house exudes potential and promises a high yield for the savvy investor. Whether you are seeking to expand your property portfolio or diversify your investment ventures, this residence presents a compelling opportunity to secure a valuable asset in a prime location.

Earlsdon itself is renowned for its array of amenities, including boutique shops, charming cafes, and local conveniences, all within easy reach of the property. With excellent transport links and proximity to major roadways, residents benefit from convenient access to surrounding areas and beyond.

In summary, this three-bedroom terraced house in Earlsdon offers a blend of contemporary comfort, lucrative investment potential, and a central location, making it a standout opportunity in the competitive property market. Don't miss your chance to own a piece of this vibrant neighbourhood – schedule a viewing today and unlock the possibilities that await in this exceptional property.
EPC Rating: D

Property value data/graphs for CV5

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £478,480 £272 3.7 £442,572
Semi-detached £297,251 £250 3.3 £295,068
Terraced £264,221 £223 2.9 £237,244
Flats £214,448 £200 2.0 £143,818

Current asking prices in CV5

Average: £338,006
Avg. current asking prices in CV5
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £300,000
(1)
£223,895
(29)
£289,584
(80)
£488,643
(59)
£530,306
(16)
Flats £218,333
(9)
£199,267
(30)
£279,950
(1)
- -
All £226,500
(10)
£211,372
(59)
£289,465
(81)
£488,643
(59)
£530,306
(16)

Current asking rents in CV5

Average: £1,265 pcm
Avg. current asking prices in CV5
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £610 pcm
(22)
£973 pcm
(5)
£1,308 pcm
(10)
£1,619 pcm
(15)
£1,721 pcm
(10)
Flats £664 pcm
(36)
£991 pcm
(9)
£1,200 pcm
(1)
£2,201 pcm
(1)
-
All £644 pcm
(58)
£985 pcm
(14)
£1,298 pcm
(11)
£1,655 pcm
(16)
£1,721 pcm
(10)

Fun facts for CV5

Highest value in CV5
Highest value streets Zed-Index
The Firs £739,995
Bates Road £669,103
Wall Hill Road £628,668
Morningside £601,279
Woodland Avenue £589,774
Highest turnover in CV5
Highest turnover streets Turnover
Park Court 58.3%
Olton Avenue 50.0%
Southleigh Avenue 50.0%
William Bree Road 44.4%
Milford Close 42.9%
Arrange Viewing

For more information about this property, please contact
Fearn Malone, CV3 on +44 24 7511 7685 * (local rate)

Monthly running costs Beta

£1,225 Monthly total

Mortgage

Purchase price
Deposit (10%) 25,000
Repayment term 25
Interest rate 2.0
Your payment £953 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £750,000 Contents value up to £75,000 Average insurance cost £10/mo (£118/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £29 Electricity £50 Estimated energy cost £79/mo

Similar properties could save up to £189

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 12500 kWh/year
Electricity: 3600 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Coventry

Estimated tax band C Council tax cost £149 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £19 Sewerage £15 Estimated water cost £34 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Fearn Malone, and do not constitute property particulars. Please contact Fearn Malone for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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