56 Paynes Lane

    56, PAYNES LANE, COVENTRY, CV1 5LJ

    This flat/maisonette leasehold property on Paynes Lane last sold in December 2023 for £100,000. Based on price growth in the CV1 district since then, its estimated current value is £91,469 — placing it in the 3rd percentile nationally and the 8th percentile within CV1. The property covers 47 m² (506 sq ft), giving an estimated value of £1,946 per m². The EPC rating is D, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    506 sq ft

    47 m²

    Last Sale Price

    £100,000

    Dec 2023

    Estimated Valuation

    £91,469

    Est. £/sq ft

    £181/sq ft

    £1,946/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 1983-1990
    Habitable rooms2
    Main fuelelectricity (not community)
    EPC currentD
    EPC potentialC
    Floor area506 sq ft (47 m²)
    EPC dateSept 2022
    WallsTimber frame, as built, insulated (assumed)
    HeatingRoom heaters, electric

    Transaction History

    1 Dec 2023

    £100,000

    23 Jun 2017

    £93,000

    11 Jul 2000

    £26,450

    Key Metrics

    Estimated valuation£91,469
    Value per sq ft / m²£181/sq ft (£1,946/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    CV1 district percentile8th percentile
    National percentile3rd percentile

    District Context — CV1

    CV1 covers Coventry city centre and its inner residential areas, positioned in the West Midlands. It is characterised by a young, diverse population with a significant rental housing base and mixed employment profile.

    Average Property Price - CV1

    £163,709

    5

    National percentile

    Average Net Household Income - CV1

    £33,043

    19

    National percentile

    10-Year Annualised Price Growth - CV1

    1.6%

    6

    National percentile

    10-Year Annualised Rent Growth - CV

    4.0%

    57

    National percentile

    View full analysis for CV1

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