5 Bed HMO, Cheltenham, GL51 9HP, £250,000

Russell Place, Cheltenham, Gloucestershire, GL51 9HP - 5 views - 9 months ago

Sold STC

HMO

ROI: 15%

~106 m²

+14 photos

ValuationUndervalued

Sold Prices	£130K - £3.2M
Sold Prices/m²	£2.3K/m² - £44.4K/m²

Square Metres	~106.30 m²
Price/m²	£2.4K/m²
Value Estimate	£310,000£310,000
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£8,700£8,700
Total Cash In	£71,200£71,200

Cash Out
Room Rate	£559£559
Gross Rent	£2,795£2,795
Running Costs/mo	£1,919£1,919
Cashflow/mo	£876£876
Cashflow/yr	£10,509£10,509
ROI	15%15%
Gross Yield	13%13%

Local Sold Prices

23 sold prices from £130K to £3.2M, average is £970K. £2.3K/m² to £44.4K/m², average is £5.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£915K	12/20	0.46 mi	Sunnyside, Western Road, Cheltenham, Gloucestershire GL50 3RJ	£5,199	176	5	Semi-Detached House
£755K	07/22	0.52 mi	24, Marle Hill Parade, Cheltenham, Gloucestershire GL50 4LG	£6,802	111	5	Semi-Detached House
£130K	12/23	0.59 mi	15, Clarence Square, Cheltenham, Gloucestershire GL50 4JN	-	-	5	Terraced House
£1.9M	08/22	0.61 mi	5, Christchurch Road, Cheltenham, Gloucestershire GL50 2NY	£7,350	252	5	Semi-Detached House
£1.9M	06/21	0.66 mi	The Old Rectory, Wellington Square, Cheltenham, Gloucestershire GL50 4JZ	-	-	5	Detached House
£875K	08/23	0.72 mi	124, Winchcombe Street, Cheltenham, Gloucestershire GL52 2NW	£5,438	161	5	Terraced House
£3.2M	06/21	0.77 mi	Juniper House, Malvern Road, Cheltenham, Gloucestershire GL50 2JW	£6,804	470	5	Detached House
£1.4M	08/22	0.8 mi	Hill View House, Eldorado Crescent, Cheltenham, Gloucestershire GL50 2PY	£5,643	248	5	Semi-Detached House
£700K	02/21	0.82 mi	28, Cambray Place, Cheltenham, Gloucestershire GL50 1JN	£2,268	309	5	Terraced House
£965K	12/20	0.83 mi	37, Eldorado Road, Cheltenham, Gloucestershire GL50 2PX	£6,266	154	5	Semi-Detached House
£970K	11/20	0.84 mi	20, Eldorado Road, Cheltenham, Gloucestershire GL50 2PT	£4,292	226	5	Semi-Detached House
£1.2M	07/23	0.84 mi	32, Eldorado Road, Cheltenham, Gloucestershire GL50 2PT	£44,423	26	5	Semi-Detached House
£800K	03/21	0.84 mi	34, Eldorado Road, Cheltenham, Gloucestershire GL50 2PT	£4,706	170	5	Detached House
£770K	05/21	0.87 mi	34, Christchurch Road, Cheltenham, Gloucestershire GL50 2PW	£3,362	229	5	Detached House
£1.4M	07/23	0.89 mi	4, Walnut Close, Cheltenham, Gloucestershire GL52 3AG	£9,106	151	5	Detached House
£920K	10/23	0.89 mi	34, Prestbury Road, Cheltenham, Gloucestershire GL52 2DA	£3,665	251	5	Semi-Detached House
£1.4M	09/22	0.9 mi	80, Queens Road, Cheltenham, Gloucestershire GL50 2NE	£5,785	242	5	Semi-Detached House
£1.5M	07/22	0.94 mi	26, Queens Road, Cheltenham, Gloucestershire GL50 2LT	£5,637	266	5	Semi-Detached House
£1.2M	10/23	0.95 mi	10, Montpellier Drive, Cheltenham, Gloucestershire GL50 1TX	£5,405	222	5	Semi-Detached House
£805K	11/22	0.95 mi	65, Bath Road, Cheltenham, Gloucestershire GL53 7LH	-	-	5	Terraced House
£785K	03/23	0.98 mi	3, Lexington Square, Cheltenham, Gloucestershire GL52 3LT	£3,738	210	5	Detached House
£980K	03/21	0.99 mi	12, Glencairn Park Road, Cheltenham, Gloucestershire GL50 2NA	£4,523	217	5	Semi-Detached House
£980K	08/22	0.99 mi	4, Glencairn Park Road, Cheltenham, Gloucestershire GL50 2NA	£4,645	211	5	Semi-Detached House

Local Area Statistics

Population in GL51	51,44351,443
Population in Cheltenham	159,223159,223
Town centre distance	0.86 miles away0.86 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.92 miles away0.92 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-4%-4%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+26%+26%

Property History

Listed for £250,000

July 24, 2024

Sold for £159,950

2004

Sold for £130,000

2002

Floor Plans

Description

Tucked away down a small Cul-de-sac is an end terrace five way HMO located just outside the city center giving easy access to the M5 & Cheltenham collage.

On arrival step over the threshold into an entrance hall that gives access to the rear garden. To your left is a spacious living room that overlooks the cul-de-sac, leading to a modern fitted kitchen that gives access down to a useful basement, ideal for storage.

There are five good sized bedroom spread over both floors, serviced by a ground floor bathroom.

Outside there is an enclosed low maintenance garden with useful workshop.

Agent Details

R A Bennett & Partners, Cheltenham

020 3835 3429

Next Steps?

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

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