2-bedroom bungalow · CV3 2SE
For saleListed 301 days
Opportunity summary
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About
SUMMARY **25% SHARED OWNERSHIP AVAILABLE** A two semi-detached bungalow positioned in a quiet cul-de-sac location within Binley Woods and being close to local Brandon Woods.
DESCRIPTION **25% SHARED OWNERSHIP AVAILABLE** A semi-detached bungalow positioned in a quiet cul-de-sac location within Binley Woods and being close to local Brandon Woods.
The accommodation briefly comprises: open plan lounge/fitted kitchen, inner hallway, two bedrooms and a fitted wet room. Outside there are gardens to the front and rear. Approach Front door.
Open Plan Lounge/Kitchen 14' 8" x 19' 5" ( 4.47m x 5.92m ) Lounge Area Double glazed window to the rear elevation, radiator, inset spotlights and double glazed doors to the rear elevation.
Kitchen Area Range of wall and base mounted units incorporating an inset single drainer sink unit with work surfaces.
electric cooker point, plumbing for automatic washing machine, space for domestic appliance, laminate flooring, double glazed window and door to the front elevation.
Inner Hall Loft hatch and laminate flooring. Bedroom One 11' 3" x 10' 4" ( 3.43m x 3.15m ) Double glazed window to the rear elevation, radiator and laminate flooring.
Bedroom Two 8' 10" x 6' 9" ( 2.69m x 2.06m ) Double glazed window to the front elevation, radiator and laminate flooring.
Fitted Wet Room Tiled, comprising shower, wash hand basin, toilet, heated towel rail and double glazed window to the front elevation. Outside Front Of Property Lawned with access to front door.
Rear Garden Patio area beyond being laid to lawn with borders. Agents Note Midland Heart have advised that they would be prepared to staircase a transaction to 100% Freehold ownership on completion.
This would mean that any potential purchaser would buy the vendors 25% share and the remaining 75% share of the property from Midland Heart to enable the Freehold purchase on completion.
The advertised price is for the 100% Freehold, service charges may apply.
Your conveyancer will advise with regard to the timescales involved and you should satisfy yourself in regard to lending ability.
We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
1.
MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Spinney Close, Binley Woods, Coventry
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