56 Paynes Lane, Coventry, CV1 5LJ is a leasehold flat built between 1983-1990. The property offers approximately 506 square feet of living space. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £104,415 , which equates to approximately £206 per square foot. It was last sold on 1 Dec 2023 for £100,000. Since then, the value has increased by £4,415, representing a 4.4% increase, or approximately 2.2% per year.

The current estimated value of £104,415 is:

  • 35.0% lower than the average property price on Paynes Lane
  • 40.5% lower than the average in the CV1 5LJ postcode area
  • and 61.3% lower than the average price for Coventry as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded once as rented and once as owner-occupied, indicating a change in how it was used over time.

At the most recent EPC inspection on 26 September 2022, the property was recorded as rented.

View sold house prices in CV1 5LJ

Building approximate location

About Property

Type
Flat
Built
1983-1990
Interior Size
506 sq ft
Tenure
Leasehold
Price (estimate)
£104,415
Price Per sq ft (estimate)
£206
Bedroom Count (estimate)
1 bedroom

EPC Summary

56 Paynes Lane, Coventry, West Midlands, CV1 5LJ has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 26 Sep 2022.

This property uses electric room heaters as its main heating source. Electric instantaneous heaters at the point of use are used to provide hot water. The windows are fully double glazed.

The previous EPC assessment was conducted on 9 Sep 2011. The rating of D is unchanged, though the energy efficiency score decreased by 10.8%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from electric storage heaters to room heaters, electric, changing energy efficiency from average to very poor.
  • The hot water system was changed from electric immersion, off-peak to electric instantaneous at point of use, with its energy efficiency changing from poor to very poor.
  • The lighting was changed from low energy lighting in 80% of fixed outlets to low energy lighting in all fixed outlets, with no change in efficiency (very good).
Heating Type
Room heaters, electric
Very Poor
Hot Water
Electric instantaneous at point of use
Very Poor
Walls
Timber frame, as built, insulated (assumed)
Good
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to CV1 5LJ

20 th / 30
Price Rank
41% lower than average
20 th / 27
Size Rank
39% smaller than average
9 th / 27
Price Per Sq FT Rank
3% lower than average

Compared to other properties in CV1 5LJ , this flat's estimated value ranks 20th out of 30. Based on price per square foot, it ranks 9th out of 27 properties. This suggests a relatively high price per square foot, which may reflect quality, location, or recent upgrades. In terms of size, this home ranks 20th out of 27 properties in its postcode area.

Sale History

Today
£104,415
streetscan.co.uk estimate
+4 %
1 Dec 2023
£100,000
Leasehold
+7.5 %
23 Jun 2017
£93,000
Leasehold
+251.6 %
11 Jul 2000
£26,450
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 2
size: 431 sq ft
sale price: £82,000
sale date: 9 Mar 2023
rooms: 3
size: 581 sq ft
sale price: £105,000
sale date: 18 Nov 2022
rooms: 2
size: 431 sq ft
sale price: £92,000
sale date: 2 Mar 2021
rooms: 2
size: 452 sq ft
sale price: £85,000
sale date: 26 Jan 2018
rooms: 2
size: 452 sq ft
sale price: £88,000
sale date: 9 Jun 2017

Data Sources

The property at 56 Paynes Lane, Coventry, CV1 5LJ appears three times in the Land Registry records, with the latest transaction recorded on 1 Dec 2023. It also has three Energy Performance Certificates (EPC) entries, the earliest dating back to 26 Sep 2022. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.