Loveitts says ..

Property Oracle says ..

This five-bedroom, two-bathroom property located on Daventry Road in Cheylesmore, Coventry, presents a mixed bag. The location is a strong point, with proximity to schools and transport links being advantageous. However, the property’s condition is a major concern. The provided photographs reveal dated interiors requiring comprehensive modernisation. Features such as the carpets, wallpaper, kitchen, and bathrooms all indicate a need for substantial refurbishment. The lack of garden space, despite the paved driveway, is another significant downside. The asking price of £380,000 needs careful consideration. While Cheylesmore is a sought-after area, the extensive renovation costs must be factored into the overall value proposition. Comparable properties in the area lack sufficient data to accurately assess the price per square foot, however, some properties on Daventry Road have sold for less, suggesting potential overvaluation. A thorough survey and detailed costings for refurbishment are crucial before making any purchase decision. Potential buyers should weigh the cost of renovation against the property’s location and potential resale value once updated. The property presents an opportunity for someone who is comfortable undertaking a large-scale renovation project and is willing to invest in bringing the property up to modern standards. However, the current condition and lack of garden space may limit the number of potential buyers.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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