2 Bed Detached House, Single Let, GL7 5UQ, £78,000

39 Mallard Lake, Cotswold Hoburne, Cirencester, Gloucestershire. - 43 views - 2 years ago

BTL

ROI: 27%

~68 m²

+11 photos

ValuationUndervalued

Sold Prices	£139K - £530K
Sold Prices/m²	£2.2K/m² - £6K/m²

Square Metres	~68.11 m²
Price/m²	£1.1K/m²
Value Estimate	£95,160£95,160
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£19,500£19,500
Stamp Duty & Legal Fees	£3,540£3,540
Total Cash In	£23,040£23,040

Cash Out
Rent Range	£825 - £5,400£825 - £5,400
Rent Estimate	£981
Running Costs/mo	£460£460
Cashflow/mo	£521£521
Cashflow/yr	£6,253£6,253
ROI	27%27%
Gross Yield	15%15%

Local Sold Prices

17 sold prices from £139K to £530K, average is £240K. £2.2K/m² to £6K/m², average is £4.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£241K	02/23	0.69 mi	29, Beverstone Road, South Cerney, Cirencester, Gloucestershire GL7 5XU	£3,347	72	2	Terraced House
£207K	08/21	0.7 mi	30, Oak Way, South Cerney, Cirencester, Gloucestershire GL7 5XX	£4,356	48	2	Terraced House
£205K	05/21	0.72 mi	15, Beverstone Road, South Cerney, Cirencester, Gloucestershire GL7 5XU	£4,191	49	2	Semi-Detached House
£265K	05/23	0.86 mi	Lake View, Station Road, South Cerney, Cirencester, Gloucestershire GL7 5UB	£4,569	58	2	Semi-Detached House
£325K	03/21	0.86 mi	18, The Limes, South Cerney, Cirencester, Gloucestershire GL7 5RF	£4,167	78	2	Terraced House
£240K	03/21	0.91 mi	6, Field Close, South Cerney, Cirencester, Gloucestershire GL7 5XQ	£3,750	64	2	Terraced House
£530K	11/22	0.95 mi	Chapel House, High Street, South Cerney, Cirencester, Gloucestershire GL7 5UG	£4,417	120	2	Semi-Detached House
£285K	11/20	1.16 mi	32, Riverway, South Cerney, Cirencester, Gloucestershire GL7 6HZ	-	-	2	Semi-Detached House
£287K	09/21	1.16 mi	37, Riverway, South Cerney, Cirencester, Gloucestershire GL7 6HZ	£5,979	48	2	Semi-Detached House
£235K	07/23	1.19 mi	24, Eastfield, Ashton Keynes, Swindon, Wiltshire SN6 6PR	-	-	2	Terraced House
£237K	09/21	1.2 mi	15, Eastfield, Ashton Keynes, Swindon, Wiltshire SN6 6PR	-	-	2	Terraced House
£220K	12/20	2.32 mi	25, Hillside, Leigh, Swindon, Wiltshire SN6 6RE	£4,231	52	2	Semi-Detached House
£220K	12/20	2.33 mi	Trout Cottage 81, Mill Village, Lower Mill Lane, Somerford Keynes, Cirencester, Gloucestershire GL7 6FR	-	-	2	Terraced House
£139K	11/20	2.71 mi	29, Fullers Avenue, Cricklade, Swindon, Wiltshire SN6 6ET	£2,206	63	2	Semi-Detached House
£245K	11/20	2.82 mi	105, Deansfield, Cricklade, Swindon, Wiltshire SN6 6BW	£3,551	69	2	Detached House
£395K	03/21	2.88 mi	5, Post Office Square, Siddington, Cirencester, Gloucestershire GL7 6HF	£4,438	89	2	Terraced House
£210K	04/23	2.98 mi	2, Portwell, Cricklade, Swindon, Wiltshire SN6 6SA	£4,118	51	2	Terraced House

Local Rents

29 rents from £825/mo to £5.4K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,300	04/25	0.63 mi	-	3	Terraced House
£2,600	04/24	0.7 mi	GL7	4	Detached House
£950	12/24	0.72 mi	Beverstone Road, South Cerney, Gloucestershire	3	Detached House
£1,500	12/24	0.82 mi	Winchcombe Gardens, South Cerney, GL7	3	Detached House
£2,300	12/24	0.82 mi	Sudeley Drive, South Cerney	4	Detached House
£2,300	04/24	0.82 mi	Sudeley Drive, South Cerney, GL7	4	Detached House
£1,595	04/24	0.83 mi	Nightingale Way, SOUTH CERNEY	4	Detached House
£1,395	12/24	0.83 mi	Winchcombe Gardens, SOUTH CERNEY	3	Semi-Detached House
£2,250	12/24	0.88 mi	The Lennards, South Cerney	5	Semi-Detached House
£1,475	04/24	0.89 mi	The Lennards, SOUTH CERNEY	3	Detached House
£1,200	04/24	0.91 mi	Robert Franklin Way, South Cerney, Cirencester	3	Detached House
£825	12/24	1 mi	The Laurels, SOUTH CERNEY	1	Flat
£3,850	04/25	1.04 mi	-	3	Terraced House
£1,400	12/24	1.07 mi	Kent End, Ashton Keynes	2	Detached House
£1,300	02/24	1.1 mi	-	3	Flat
£1,300	05/24	1.1 mi	-	3	Semi-Detached House
£2,000	09/24	1.1 mi	Old Dairy	4	Flat
£1,400	05/24	1.11 mi	-	3	Terraced House
£2,000	04/24	1.2 mi	Spine Road East, GL7	3	Terraced House
£3,000	04/24	1.23 mi	Castle Gate \| South Cerney	4	Detached House
£1,350	09/24	1.26 mi	The Mead, Ashton Keynes	3	Detached House
£1,600	01/25	1.58 mi	-	3	Detached House
£1,750	04/24	1.82 mi	South Cerney, Cirencester	4	Terraced House
£4,000	12/24	2.15 mi	-	5	Detached House
£1,500	06/24	2.32 mi	-	3	Semi-Detached House
£5,400	03/24	2.33 mi	-	4	Detached House
£1,475	04/24	2.36 mi	Arlingdon Fields, Somerford Keynes	2	Detached House
£1,300	09/24	2.37 mi	Home Ground, Cricklade, Swindon	3	Detached House
£1,250	12/24	2.46 mi	-	3	Detached House

Local Area Statistics

Population in GL7	42,51842,518
Nearest school	1 miles away1 miles away
Nearest train station	4.63 miles away4.63 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+18%+18%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+18%+18%

Property History

Listed for £78,000

April 17, 2023

Description

Detached holiday home in gorgeous lakeside location +
Two bedrooms +
Family shower room and ensuite wc +
Generous reception room with space for sitting and dining areas +
Well equipped kitchen with a range of storage and appliances +
Family shower room and ensuite wc +
Large decking with accessibility ramp, stunning lake views, and double doors from the living room +
Long licence agreement to November 2037 and £7,280.97 site fees +
Full range of amenities on site including shop, pools, mini golf, lakes, etc +
Desirable park in the heart of the ever popular Cotswold Water Park +

Enjoying an enviable location with fantastic lake views, this nearly new property is presented beautifully throughout and offered for sale with a long licence agreement remaining. The accommodation includes two bedrooms, bathroom and ensuite, as well as kitchen dining room and living area with views. The property will be sold with rental bookings already confirmed.

Agent Details

CBSlade, Cricklade

01793 540689

Next Steps?

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