Freehold 3-bedroom traditional terraced property in a well-connected Coventry residential area — a clear value-add opportunity requiring a full cosmetic refurbishment.

The property offers a classic layout with two reception rooms, kitchen, ground-floor bathroom, three bedrooms, a partially converted loft space and a private courtyard garden. It has been owned by the same family for over 50 years and is now being offered with no onward chain, giving investors a clean opportunity to modernise and reposition the property.

The proposed strategy is a full cosmetic refurbishment throughout, including updating the internal presentation, modernising key rooms and improving the overall finish to bring the property up to a stronger resale or rental-ready standard.

Key investor appeal comes from the low entry price point, 3-bedroom layout, two reception rooms, loft potential, no onward chain and strong local demand drivers, with nearby amenities, parks, transport links and university access.

Suitable for investors looking for a straightforward refurbishment project with multiple exit options, subject to standard due diligence.

Financials

 Value: £135000
 Purchase Price: £120000
 Purchase Costs: £40350
 Sourcing Fee: £3000
 Refurbishment Cost: £34140
 GDV: £196000
 ROCE: 28%
 Profit: £23110

Work with us:

Sourced offer a comprehensive property wealth building package in one place;
 Sourced Investment Agents - Sourcing investment opportunities for you,
 Sourced Enterprise - Limited company and SPV formations with tax efficient portfolio structuring and accounting solution.
 Sourced Finance - Access specialist property lending and mortgages, created for investors.
 Sourced Lettings - Seamlessly integrate property management using our nationwide lettings management service.
For further information, get in touch.

Sourced reference: 858774359693173