Stunning three-bedroom end-terrace property - cv3

£265,000 OIRO

3

Bedrooms

1

Bathrooms

1

Reception

Floorplan

This stunning three-bedroom end-terrace property on the sought-after Poitiers Road in Cheylesmore has been completely refurbished throughout, offering a perfect blend of modern living and practical space ideal for families and professionals alike.

Step inside to discover a brand-new fitted kitchen, a stylish contemporary bathroom, and fresh decoration and flooring throughout, creating a bright and welcoming interior thats ready to move straight into.

Outside, the home boasts a large low-maintenance rear garden, a rare and spacious double garage with full electrics and a motorised door, plus an additional versatile room attached to the garage perfect for a home office, gym, studio, or workshop. There's also an outdoor WC, rear access, and a small front driveway, with additional on-street parking available.

Key Features:
  • Fully refurbished throughout new kitchen, bathroom, flooring & dcor

  • Three good-sized bedrooms

  • Spacious double garage with electrics and motorised door

  • Additional room with multiple potential uses

  • Large rear garden with outside WC

  • Rear access and front driveway parking

  • Freehold

Located in a popular and convenient area, the home is close to local amenities, highly regarded schools, and excellent transport links, including easy access to the A45 and A46, Jaguar Land Rover, and just 1.7 miles to Coventry city centre and railway station. The War Memorial Park is also nearby for green space and recreation.

This is a fantastic opportunity to own a beautifully upgraded property in a prime location early viewing is highly recommended.



Features
  • Freehold

Nearest Stations:

0.93 miles
Coventry
2 miles
Canley
3.97 miles
Tile Hill
4.08 miles
Coventry Arena
5.9 miles
Berkswell

Mortgage Calculator

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

Monthly Payment: £1,146.04

Total Interest: £147,573.39

Overall Total: £412,573.39

Amortization For Monthly Payment: £1,146.04 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£8,401.98 £5,350.47 £259,649.53 
2026£8,228.23 £5,524.22 £254,125.32 
2027£8,048.84 £5,703.61 £248,421.71 
2028£7,863.62 £5,888.82 £242,532.89 
2029£7,672.39 £6,080.05 £236,452.83 
2030£7,474.95 £6,277.49 £230,175.34 
2031£7,271.10 £6,481.35 £223,693.99 
2032£7,060.63 £6,691.82 £217,002.18 
2033£6,843.32 £6,909.13 £210,093.05 
2034£6,618.96 £7,133.49 £202,959.56 
2035£6,387.31 £7,365.14 £195,594.42 
2036£6,148.14 £7,604.31 £187,990.11 
2037£5,901.20 £7,851.25 £180,138.86 
2038£5,646.24 £8,106.21 £172,032.65 
2039£5,383.00 £8,369.45 £163,663.21 
2040£5,111.22 £8,641.23 £155,021.98 
2041£4,830.60 £8,921.84 £146,100.13 
2042£4,540.88 £9,211.57 £136,888.57 
2043£4,241.75 £9,510.70 £127,377.87 
2044£3,932.90 £9,819.54 £117,558.33 
2045£3,614.03 £10,138.42 £107,419.91 
2046£3,284.80 £10,467.65 £96,952.26 
2047£2,944.88 £10,807.57 £86,144.69 
2048£2,593.92 £11,158.53 £74,986.16 
2049£2,231.56 £11,520.89 £63,465.27 
2050£1,857.44 £11,895.01 £51,570.26 
2051£1,471.16 £12,281.28 £39,288.98 
2052£1,072.35 £12,680.10 £26,608.88 
2053£660.58 £13,091.87 £13,517.01 
2054£235.44 £13,517.01 £0.00 

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 208,825

Mortgage Loan to Value

79%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 14,285

Cumulative Rental Profit

£ 142,853

Cost of Purchase

£ 10,075
  • Stamp Duty
    £ 750

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 6,625
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

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

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 17,515
  • Mortgage Interest
    £ 9,397

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £ 4,198
  • Letting Fee
    £ 240
  • Maintenance
    £ 3,180
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£ 299,435
  • Final Equity Profit
    £ 156,582

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £ 142,853

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£ 431,657

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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