3 Bed Terraced House, Refurb/BRRR, GL7 1SH, £265,000

Springfield Road, Cirencester, Gloucestershire, GL7 1SH - a year ago

Sold STC
Refurb/BRRR
ROI: 3%
~74 m²
+5 photos

ValuationFair Value

Sold Prices£220K - £700K
Sold Prices/m²£2.9K/m² - £10.6K/m²

 

 

Square Metres

~74.30 m²
Price/m²£3.6K/m²

Value Estimate

£270,300

 

 

End Value (After Refurb)

£286,669

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£15,200

Refurb Costs

£30,121

Bridging Loan Interest

£6,956

Total Cash In

£120,277

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£286,669

Mortgage (After Refinance)

£215,002

Mortgage LTV

75%

Cash Released

£16,252

Cash Left In

£104,025

Equity

£71,667

Rent Range

£1,295 - £2,100

Rent Estimate

£1,503

Running Costs/mo

£1,216

Cashflow/mo

£287

Cashflow/yr

£3,439

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £220K to £700K, average is £366.5K. £2.9K/m² to £10.6K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£285K03/210.06 mi5, Hanstone Close, Cirencester, Gloucestershire GL7 1WX3
£310K07/230.09 mi32, Michaels Mead, Cirencester, Gloucestershire GL7 1WE3
£235K02/210.1 mi8, Woodlands Road, Cirencester, Gloucestershire GL7 1SP3
£360K12/220.12 mi64, Haygarth Close, Cirencester, Gloucestershire GL7 1WY3
£350K11/220.15 mi42, Woodhouse Close, Cirencester, Gloucestershire GL7 1YH3
£395K04/210.16 mi26, Morestall Drive, Cirencester, Gloucestershire GL7 1TF3
£265K12/200.17 mi17, Apsley Road, Cirencester, Gloucestershire GL7 1SR3
£448K03/230.18 mi1, Greyfriars Walk, Cirencester, Gloucestershire GL7 1UF3
£265K06/210.22 mi15, Drift Close, Cirencester, Gloucestershire GL7 1QB3
£285K12/200.23 mi88, Cranhams Lane, Cirencester, Gloucestershire GL7 1UA3
£445K01/230.23 mi97, Alexander Drive, Cirencester, Gloucestershire GL7 1UQ3
£328.5K08/230.26 mi10, Reeves Close, Cirencester, Gloucestershire GL7 1QR3
£440K08/210.26 mi223, Alexander Drive, Cirencester, Gloucestershire GL7 1UH3
£445.6K08/230.26 mi68, Alexander Drive, Cirencester, Gloucestershire GL7 1UH3
£330K06/210.26 mi177, Alexander Drive, Cirencester, Gloucestershire GL7 1UH3
£360K05/210.27 mi68, Alexander Drive, Cirencester, Gloucestershire GL7 1UH3
£358.5K05/210.27 mi56, Cotswold Avenue, Cirencester, Gloucestershire GL7 1XW3
£400K09/230.27 mi58, Cotswold Avenue, Cirencester, Gloucestershire GL7 1XW3
£350K11/200.29 mi14, Cotswold Close, Cirencester, Gloucestershire GL7 1XR3
£377K04/230.3 mi95, Chesterton Park, Cirencester, Gloucestershire GL7 1XS3
£395K12/200.3 mi21, Alexander Drive, Cirencester, Gloucestershire GL7 1UG3
£447.5K06/230.32 mi2, Chesterton Grove, Cirencester, Gloucestershire GL7 1XN3
£290K02/210.32 mi12, Martin Close, Cirencester, Gloucestershire GL7 1XY3
£370K12/220.34 mi169, Alexander Drive, Cirencester, Gloucestershire GL7 1UQ3
£440K04/210.35 mi37a, Mount Street, Cirencester, Gloucestershire GL7 1TJ3
£324.4K08/210.35 mi8, Garden Close, Cirencester, Gloucestershire GL7 1UW3
£550K03/210.37 mi40, Somerford Road, Cirencester, Gloucestershire GL7 1TW3
£520K09/230.38 mi27, Chesterton Park, Cirencester, Gloucestershire GL7 1XU3
£700K02/210.4 miHighfield Cottage, Somerford Road, Cirencester, Gloucestershire GL7 1TS3
£450K12/200.41 mi15, Somerford Road, Cirencester, Gloucestershire GL7 1TP3
£363K06/230.41 mi8, Somerford Road, Cirencester, Gloucestershire GL7 1TN3
£310K07/230.49 mi22, Lavender Lane, Cirencester, Gloucestershire GL7 1PP3
£470K03/210.53 mi23a, Chesterton Park, Cirencester, Gloucestershire GL7 1XU3
£305K07/230.58 mi19, Sperringate, Cirencester, Gloucestershire GL7 1NA3
£540K12/200.62 mi23, Querns Lane, Cirencester, Gloucestershire GL7 1RL3
£265K03/210.66 mi31, Ashcroft Gardens, Cirencester, Gloucestershire GL7 1RD3
£325K11/200.67 mi6, Ashcroft Gardens, Cirencester, Gloucestershire GL7 1RB3
£325K04/210.71 mi17, Ashcroft Road, Cirencester, Gloucestershire GL7 1RA3
£465K05/210.74 mi12, Tower Street, Cirencester, Gloucestershire GL7 1EF3
£590K11/220.76 mi18, Tower Street, Cirencester, Gloucestershire GL7 1EF3
£475K01/230.78 mi103, Victoria Road, Cirencester, Gloucestershire GL7 1HA3
£220K04/230.78 mi24, Siddington Road, Cirencester, Gloucestershire GL7 1NT3
£590K09/230.8 mi28, Bingham Close, Cirencester, Gloucestershire GL7 1HJ3
£575K01/230.8 mi22, Bingham Close, Cirencester, Gloucestershire GL7 1HJ3
£315K02/210.8 mi88, Watermoor Road, Cirencester, Gloucestershire GL7 1LF3
£325K01/210.8 mi108, Watermoor Road, Cirencester, Gloucestershire GL7 1LF3
£270.5K06/230.81 mi2, City Bank Road, Cirencester, Gloucestershire GL7 1LG3
£405K08/230.81 mi11, Prospect Place, Cirencester, Gloucestershire GL7 1EZ3
£442K03/210.81 mi71, Victoria Road, Cirencester, Gloucestershire GL7 1ES3
£442K03/210.81 mi53, Victoria Road, Cirencester, Gloucestershire GL7 1ES3

Local Rents

15 rents from £1.3K/mo to £2.1K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,29504/240.14 miKemble Drive, Cirencester3
£1,30004/250.25 mi-3
£1,29504/240.67 miQueens Head Mews, Cirencester3
£1,65004/240.67 miWatermoor Road GL73
£1,95004/250.72 mi-3
£2,10004/250.72 mi-3
£1,65004/240.74 miQueen Street, Cirencester3
£1,65012/240.77 miVictoria Road, CIRENCESTER3
£1,99504/240.78 miCalleva Court, Queen Street3
£1,30012/240.81 miCity Bank View, Cirencester, Gloucestershire, GL73
£1,50012/241.01 miCherry Tree Drive, Cirencester, Gloucestershire, GL73
£1,40004/241.02 miHakeburn Road, Cirencester3
£1,40001/251.17 mi-3
£1,40004/241.18 mi-3
£1,50004/241.23 mi-3

Local Area Statistics

Population in GL7

42,518

Nearest school

0.20 miles away

Nearest train station

2.89 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £265,000

June 3, 2024

Floor Plans

Description

  • CHAIN FREE +
  • Terraced House +
  • 3 Double Bedrooms +
  • Bathroom +
  • Cloakroom +
  • Living Room with open fire place +
  • Kitchen/Diner +
  • Large rear garden with storage shed +
  • Driveway +

A spacious 3 double bedroom terraced property with a driveway for off-street parking and large rear garden with a brick built storage shed. NO CHAIN.

A spacious 3 double bedroom terraced property with NO ONWARD CHAIN. Located in "The Chestertons" area of Cirencester, this is a fantastic house in need of some modernisation.

The property comprises: Entrance Hall, Cloakroom, Living Room, Kitchen/Diner, Bathroom, 3 Double Bedrooms.

Outside there is a driveway offering plentiful off street parking and a good sized rear garden with a brick built garden shed.

Cirencester, known as the Capital of the Cotswolds and famous for its Roman history, has an abundance of cultural attractions including the Corinium Museum, Roman Amphitheatre and the Abbey. Cirencester Park is home to the Polo Club, one of the most historic clubs in the country, being founded in 1894.

The Market Place offers a choice of high street stores, independent retailers, cafes and restaurants, as well as Bishops Walk undercover shopping centre.

Freehold
EPC - D
Council Tax Band - B - £1,778.87pa

Agent Details

CJ Hole, Cirencester

01285 704382

Next Steps?

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