2 Bed Terraced House, Refurb/BRRR, GL7 5TZ, £450,000

School Lane, South Cerney, GL7 5TZ - 2 views - 2 years ago

Refurb/BRRR
Planning
ROI: 1%
~105 m²
+10 photos

ValuationOvervalued

Sold Prices£120K - £575K
Sold Prices/m²£1.9K/m² - £6K/m²

 

 

Square Metres

~104.65 m²
Price/m²£4.3K/m²

Value Estimate

£394,860

 

 

End Value (After Refurb)

£438,537

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£42,424

Bridging Loan Interest

£11,813

Total Cash In

£193,187

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£438,537

Mortgage (After Refinance)

£328,903

Mortgage LTV

75%

Cash Left In

£193,187

Equity

£109,634

Rent Range

£825 - £5,400

Rent Estimate

£1,996

Running Costs/mo

£1,790

Cashflow/mo

£206

Cashflow/yr

£2,476

ROI

1%

Gross Yield

5%

Local Sold Prices

31 sold prices from £120K to £575K, average is £240K. £1.9K/m² to £6K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£285K11/200.13 mi32, Riverway, South Cerney, Cirencester, Gloucestershire GL7 6HZ2
£287K09/210.13 mi37, Riverway, South Cerney, Cirencester, Gloucestershire GL7 6HZ2
£530K11/220.14 miChapel House, High Street, South Cerney, Cirencester, Gloucestershire GL7 5UG2
£325K03/210.23 mi18, The Limes, South Cerney, Cirencester, Gloucestershire GL7 5RF2
£207K08/210.4 mi30, Oak Way, South Cerney, Cirencester, Gloucestershire GL7 5XX2
£265K05/230.41 miLake View, Station Road, South Cerney, Cirencester, Gloucestershire GL7 5UB2
£240K03/210.41 mi6, Field Close, South Cerney, Cirencester, Gloucestershire GL7 5XQ2
£205K05/210.43 mi15, Beverstone Road, South Cerney, Cirencester, Gloucestershire GL7 5XU2
£241K02/230.45 mi29, Beverstone Road, South Cerney, Cirencester, Gloucestershire GL7 5XU2
£395K03/211.81 mi5, Post Office Square, Siddington, Cirencester, Gloucestershire GL7 6HF2
£237K09/211.94 mi15, Eastfield, Ashton Keynes, Swindon, Wiltshire SN6 6PR2
£235K07/231.95 mi24, Eastfield, Ashton Keynes, Swindon, Wiltshire SN6 6PR2
£220K12/202.3 miTrout Cottage 81, Mill Village, Lower Mill Lane, Somerford Keynes, Cirencester, Gloucestershire GL7 6FR2
£220K06/212.47 mi89, Rose Way, Cirencester, Gloucestershire GL7 1PS2
£185K04/212.47 mi91, Rose Way, Cirencester, Gloucestershire GL7 1PS2
£220K12/222.47 mi57, Rose Way, Cirencester, Gloucestershire GL7 1PS2
£175K01/212.5 mi34, Siddington Road, Cirencester, Gloucestershire GL7 1NT2
£297.5K04/212.56 mi19, Matthews Walk, Cirencester, Gloucestershire GL7 1HL2
£575K02/232.63 mi41, Alexander Drive, Cirencester, Gloucestershire GL7 1UG2
£169.9K12/202.71 mi60, Cranhams Lane, Cirencester, Gloucestershire GL7 1UA2
£215K08/212.75 mi17, Countess Lilias Road, Cirencester, Gloucestershire GL7 1UD2
£275K11/222.78 mi18, Queen Street, Cirencester, Gloucestershire GL7 1HD2
£248K09/232.79 mi23, The Smithy, Cirencester, Gloucestershire GL7 1HU2
£205K06/212.79 mi8, The Smithy, Cirencester, Gloucestershire GL7 1HU2
£208K06/212.79 mi6, The Smithy, Cirencester, Gloucestershire GL7 1HU2
£300K07/232.82 mi20, Prospect Place, Cirencester, Gloucestershire GL7 1EZ2
£189.3K01/212.86 mi78, Queen Elizabeth Road, Cirencester, Gloucestershire GL7 1DJ2
£247K12/202.87 mi9, Kingshill, Cirencester, Gloucestershire GL7 1DE2
£262K01/232.91 mi8, Masefield Road, Cirencester, Gloucestershire GL7 1SN2
£120K01/232.93 mi17, Michaels Mead, Cirencester, Gloucestershire GL7 1WE2
£312K07/212.98 mi29, Chester Street, Cirencester, Gloucestershire GL7 1HG2

Local Rents

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

RentDateDistanceAddressBeds 
£82512/240.12 miThe Laurels, SOUTH CERNEY1
£3,00004/240.22 miCastle Gate | South Cerney4
£2,30012/240.27 miSudeley Drive, South Cerney4
£2,30004/240.27 miSudeley Drive, South Cerney, GL74
£1,59504/240.27 miNightingale Way, SOUTH CERNEY4
£1,39512/240.33 miWinchcombe Gardens, SOUTH CERNEY3
£1,50012/240.34 miWinchcombe Gardens, South Cerney, GL73
£2,25012/240.41 miThe Lennards, South Cerney5
£95012/240.43 miBeverstone Road, South Cerney, Gloucestershire3
£1,47504/240.43 miThe Lennards, SOUTH CERNEY3
£1,20004/240.54 miRobert Franklin Way, South Cerney, Cirencester3
£1,75004/240.78 miSouth Cerney, Cirencester4
£1,30004/251.05 mi-3
£3,85004/251.33 mi-3
£2,60004/241.43 miGL74
£2,00004/241.49 miSpine Road East, GL73
£2,00009/241.55 miOld Dairy4
£1,40001/251.85 mi-2
£1,40012/241.89 miKent End, Ashton Keynes2
£2,85012/241.89 miSiddington, Near Cirencester4
£3,00012/241.93 miDairy Cottages, Siddington4
£1,30002/241.93 mi-3
£1,30005/241.93 mi-3
£1,40005/241.94 mi-3
£1,39512/242.04 miEwen, Gloucestershire2
£1,35009/242.05 miThe Mead, Ashton Keynes3
£1,47504/242.13 miArlingdon Fields, Somerford Keynes2
£1,60001/252.18 mi-3
£1,50012/242.24 miCherry Tree Drive, Cirencester, Gloucestershire, GL73
£1,37504/252.26 mi-2
£4,75012/242.28 miPreston, Cirencester, Gloucestershire1
£5,40003/242.3 mi-4
£2,60012/242.47 miSTUDENT PROPERTY - Rose Way, Cirencester5
£1,02504/242.48 miLove Lane, Cirencester, GL72

Local Area Statistics

Population in GL7

42,518

Nearest school

0.30 miles away

Nearest train station

3.86 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £450,000

October 19, 2023

Floor Plans

Description

  • Beautiful Village Setting +
  • Semi Detached Cotswold Stone Cottage +
  • Grade II Listed +
  • Full Planning Permission for Extension/Renovation +
  • Parking Space +
  • Garage +
  • Listed Building Consent 22/00184/LBC +

Boxwood Cottage is located in a quiet traffic free spot of South Cerney in a pedestrian section of School Lane overlooking the mill stream of the river Churn. The Grade II listed semi detached cottage has now been granted planning permission to sympathetically extend and renovate throughout to create the perfect country cottage.  Plans can be viewed on the Cotswold District Council Planning Portal with ref 02/02433/FUL.

To the front of the cottage is a designated parking spot for one small car whilst there is a garage to the rear which has right of access across the neighbouring shared gravel driveway. As you step through the low timber cottage door you catch a glimpse of the character features within and the stairs to the first floor straight ahead.

To your left is the charming dual aspect living room with windows set into the thick stone walls with deep sills. A large inglenook fireplace is an incredible focal point to the room as is fitted with a wood burning stove. Through from here you will find the dining room which, in turn opens up the kitchen. Here there are fitted cupboards and work tops, electric hob and oven, fridge/freezer and plumbing for a washing machine and dishwasher. The rear of the cottage has been extended with a boot room and downstairs WC before your reach the cedar wood roof conservatory with a lovely outlook to the secluded south facing garden.

Upstairs off the landing is a single bedroom on your right with a basin and cupboard housing the hot water tank. The master bedroom suite is a fabulous size with exposed beams, dual aspect and two cupboards set either side of the curved chimney breast. The bathroom is ensuite with oversized bath with shower, basin, WC and a window to the front.

Outside the south facing rear garden is wonderfully secluded with hedges on both sides, a patio area, lawn and selection of beds. There is a garden shed at the end and rear access to the single garage which has light and power with the potential to create loft storage. From the front, the garage is accessed across a driveway which is owned by the neighbouring properties and The Paddy has legal right of way.

South Cerney has a host of fantastic local amenities including three pubs, Indian restaurant, coffee shop & deli, fish & chip shop, chemist, doctor surgery, village hall, two churches, Anne Edwards primary school, pre-school playgroup, a One Stop and a Co-Op. As well as the local village school there are a number of secondary schools in and around Cirencester along with great private and grammar schools. That's in addition to being in the heart of the Cotswold Water Park with countless lakes for all varieties of water sports with water skiing and waterside dining at the Lakeside Brasserie.

Commuting connections to London are a breeze with direct trains to Paddington from Kemble (78 mins) 4 miles away or Swindon (58 mins) 12.5 miles away. The A419 gives access to the M4 Jct 15 (16 miles) whilst Cirencester is only 4 miles and Cheltenham 20 miles away.

Agent Details

EweMove, Covering Cirencester, Swindon & Malmesbury

01285 704380

Next Steps?

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