2 Bed Flat, Single Let, GL7 4JX, £130,000

The Quarry, Fairford, Gloucestershire, GL7 4JX - 9 months ago

Sold STC
Leasehold
BTL
ROI: 19%
~56 m²
+10 photos

ValuationUndervalued

Sold Prices£195K - £360K
Sold Prices/m²£3K/m² - £3.8K/m²

 

 

Square Metres

~56.11 m²
Price/m²£2.3K/m²

Value Estimate

£157,300
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,700

Total Cash In

£40,200

 

 

Cash Out

 

Rent Range

£875 - £43,333

Rent Estimate

£1,313

Running Costs/mo

£689

Cashflow/mo

£624

Cashflow/yr

£7,490

ROI

19%

Gross Yield

12%

Local Sold Prices

4 sold prices from £195K to £360K, average is £280K. £3K/m² to £3.8K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£195K11/220.16 mi4, Manor Court, Fairford, Gloucestershire GL7 4LH2
£290K06/210.37 mi16, The Orchard, Fairford, Gloucestershire GL7 4BL2
£360K09/210.37 mi28, The Orchard, Fairford, Gloucestershire GL7 4BL2
£270K05/210.37 mi17, The Orchard, Fairford, Gloucestershire GL7 4BL2

Local Rents

19 rents from £875/mo to £43.3K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,35004/240.14 mi-3
£1,35004/240.14 miJohn Tame Close, Fairford, GL73
£87504/240.17 miManor Court1
£1,25004/240.22 miLeafield Road, GL72
£1,30012/240.41 mi-3
£5,50012/240.47 miFairford, Gloucestershire6
£1,40004/240.57 miFairford3
£26,00012/241.57 miThe Lakes, Coln Waters, Lechlade, GL73
£43,33312/241.57 miLongdoles, Lechlade, GL74
£1,75012/241.81 miFairford3
£1,50012/241.86 miQuenington, Gloucestershire3
£8,33303/251.92 mi-7
£2,20012/242.01 miThe Green, Quenington5
£8,50012/242.13 miMarley View, Coln Waters, Lechlade, Gloucestershire, GL73
£8,50012/242.13 miMarley View, Coln Waters, Lechlade, Gloucestershire, GL73
£1,49512/242.2 mi7 Fowlers Hill, Quenington, Cirencester3
£5,49502/252.2 miWelsh Way, Honeycombe Leaze6
£1,69512/242.24 mi-3
£2,99504/242.39 miHatherop, Gloucestershire3

Local Area Statistics

Population in GL7

42,518

Nearest school

0.40 miles away

Nearest train station

9.94 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £130,000

November 19, 2024

Listed for £150,000

July 10, 2024

Floor Plans

Description

  • Purpose built first floor apartment +
  • Two bedrooms +
  • Sitting and kitchen +
  • Cul-de-sac location +
  • Garden +
  • No onward chain +

A purpose-built first-floor two-bedroom apartment, sitting in a cul-de-sac position in the ever-popular market town of Fairford.

The property is well-placed to be close to all of Fairford’s amenities and facilities and has the added benefit of having its own garden.

The accommodation briefly comprises of a communal hallway where there are stairs leading to the first floor. Its private door leads into the entrance hall where there is a door to the sitting room. The kitchen/breakfast room has a room for a small table.

There are two bedrooms and the family bathroom.

Outside, the property has the benefit of a garden to the rear with a storage shed.

Fairford is an attractive market town situated on the edge of the Cotswolds in the beautiful Coln Valley. It is located within the Cotswold Water Park, offering a wide range of water and land-based activities and nationally recognised as an important conservation and wildlife study area.
Another feature of Fairford is the range and extent of a web of Public Rights of Way both within the town and beyond with footpaths to Quenington and Lechlade.

The town has an active local community and benefits from a range of shops in the centre of the town where there is ample free parking. There is also a regular market every Wednesday. St Mary's Church is beautiful dating back to 1497 and boasts that its stained-glass windows are 'the only complete set of late medieval glass in a parish church in the country'.

There is good state schooling available for children of all ages, from reception to completing A levels. There are also independent schools in surrounding areas and with Fairford Church of England School recently being awarded 'outstanding' by Ofsted.

Agent Details

Perry Bishop, Cirencester

01285 704455

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪