4 Bed Detached House, Refurb/BRRR, GL7 1ES, £615,000

49a Victoria Road, Cirencester, GL7 1ES - 8 months ago

Refurb/BRRR
~161 m²
+13 photos

ValuationFair Value

Sold Prices£260K - £975K
Sold Prices/m²£2.7K/m² - £15.7K/m²

 

 

Square Metres

~161 m²
Price/m²£3.8K/m²

Value Estimate

£615,000

 

 

End Value (After Refurb)

£674,667

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£153,750

Stamp Duty & Legal Fees

£52,700

Refurb Costs

£65,268

Bridging Loan Interest

£16,144

Total Cash In

£289,612

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£674,667

Mortgage (After Refinance)

£506,000

Mortgage LTV

75%

Cash Released

£44,750

Cash Left In

£244,862

Equity

£168,667

Rent Range

£1,100 - £2,600

Rent Estimate

£1,659

Running Costs/mo

£2,460

Cashflow/mo

£-801

Cashflow/yr

£-9,614

Gross Yield

3%

Local Sold Prices

50 sold prices from £260K to £975K, average is £475.8K. £2.7K/m² to £15.7K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£481.1K10/210.04 mi85, Victoria Road, Cirencester, Gloucestershire GL7 1ES4
£595K04/210.06 mi54, Chester Street, Cirencester, Gloucestershire GL7 1HG4
£740K06/210.1 miThe Garden House, Stonewalls, Victoria Road, Cirencester, Gloucestershire GL7 1EU4
£525K01/210.14 mi12, Bingham Close, Cirencester, Gloucestershire GL7 1BG4
£530K05/210.14 mi14, Bingham Close, Cirencester, Gloucestershire GL7 1BG4
£975K04/230.19 mi1, King Street, Cirencester, Gloucestershire GL7 1JT4
£275K04/210.2 mi8, Prospect Place, Cirencester, Gloucestershire GL7 1EZ4
£500K12/200.28 mi46, Watermoor Road, Cirencester, Gloucestershire GL7 1LD4
£310K02/230.28 mi70, Watermoor Road, Cirencester, Gloucestershire GL7 1LD4
£805K03/210.3 mi5, Corinium Gate, Cirencester, Gloucestershire GL7 2PX4
£392.4K06/230.32 mi31, The Green, Cirencester, Gloucestershire GL7 1AU4
£455K06/230.35 mi6, Queen Elizabeth Road, Cirencester, Gloucestershire GL7 1DJ4
£400K12/220.36 mi54, Queen Elizabeth Road, Cirencester, Gloucestershire GL7 1DJ4
£498K06/210.37 mi54, London Road, Cirencester, Gloucestershire GL7 1AG4
£365K12/200.4 mi81, Queen Elizabeth Road, Cirencester, Gloucestershire GL7 1DH4
£540K12/200.4 mi19b, London Road, Cirencester, Gloucestershire GL7 1AQ4
£473K09/230.43 mi68, Golden Farm Road, Cirencester, Gloucestershire GL7 1DQ4
£379K12/200.46 mi81, Golden Farm Road, Cirencester, Gloucestershire GL7 1DF4
£452K02/210.47 mi84, Partridge Way, Cirencester, Gloucestershire GL7 1BQ4
£340K03/210.47 mi18, Partridge Way, Cirencester, Gloucestershire GL7 1BQ4
£474K06/230.47 mi24, Partridge Way, Cirencester, Gloucestershire GL7 1BQ4
£480K06/230.47 mi68, Partridge Way, Cirencester, Gloucestershire GL7 1BQ4
£420K12/200.47 mi20, Partridge Way, Cirencester, Gloucestershire GL7 1BQ4
£368.9K05/230.48 mi10, Mount Street, Cirencester, Gloucestershire GL7 1TJ4
£385K03/210.51 miKeepers House, 174, Partridge Way, Cirencester, Gloucestershire GL7 1LX4
£500K06/230.51 mi176, Partridge Way, Cirencester, Gloucestershire GL7 1LX4
£260K12/200.52 mi42, Martin Close, Cirencester, Gloucestershire GL7 1XY4
£535K07/230.55 mi10, Pheasant Way, Cirencester, Gloucestershire GL7 1BL4
£272K06/210.55 mi31, Rose Way, Cirencester, Gloucestershire GL7 1PS4
£760K06/230.56 mi16, Oaklands, Cirencester, Gloucestershire GL7 1FA4
£755K11/200.56 mi21, Oaklands, Cirencester, Gloucestershire GL7 1FA4
£275K05/210.56 mi34, Fosse Close, Cirencester, Gloucestershire GL7 1TB4
£477.5K11/200.58 mi20, Matthews Walk, Cirencester, Gloucestershire GL7 1HL4
£450K06/210.59 mi63, Pheasant Way, Cirencester, Gloucestershire GL7 1BJ4
£445K04/210.59 mi129, Pheasant Way, Cirencester, Gloucestershire GL7 1BJ4
£465K08/230.59 mi79, Pheasant Way, Cirencester, Gloucestershire GL7 1BJ4
£410K06/210.59 mi85, Pheasant Way, Cirencester, Gloucestershire GL7 1BJ4
£535K02/230.61 mi89, Pheasant Way, Cirencester, Gloucestershire GL7 1BJ4
£725K07/230.62 mi6, Gloucester Street, Cirencester, Gloucestershire GL7 2DG4
£595K11/210.68 mi52, Gloucester Street, Cirencester, Gloucestershire GL7 2DH4
£595K07/230.68 mi40, Gloucester Street, Cirencester, Gloucestershire GL7 2DH4
£812.8K06/210.68 mi48a, Somerford Road, Cirencester, Gloucestershire GL7 1TX4
£540K01/230.71 mi24, North Hill Road, Cirencester, Gloucestershire GL7 1PG4
£825K04/230.72 mi9a, The Whiteway, Cirencester, Gloucestershire GL7 2ER4
£425K08/210.73 mi8, Alexander Drive, Cirencester, Gloucestershire GL7 1UG4
£430K04/230.73 mi28, Alexander Drive, Cirencester, Gloucestershire GL7 1UG4
£448K11/200.73 mi29, Alexander Drive, Cirencester, Gloucestershire GL7 1UG4
£605K11/210.76 mi32, Shepherds Way, Cirencester, Gloucestershire GL7 2ET4
£730K07/230.82 mi4, Chesterton Park, Cirencester, Gloucestershire GL7 1XU4
£455K04/210.85 mi63, Foxes Bank Drive, Cirencester, Gloucestershire GL7 1WA4

Local Rents

17 rents from £1.1K/mo to £2.6K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,95004/250.14 mi-3
£2,10004/250.14 mi-3
£2,16012/240.21 miSTUDENT PROPERTY - Victoria Road, Cirencester4
£1,65012/240.21 miVictoria Road, CIRENCESTER3
£1,29504/240.23 miQueens Head Mews, Cirencester3
£1,65004/240.23 miWatermoor Road GL73
£1,99504/240.24 miCalleva Court, Queen Street3
£1,65004/240.24 miQueen Street, Cirencester3
£1,30012/240.27 miCity Bank View, Cirencester, Gloucestershire, GL73
£2,12012/240.29 miSTUDENT PROPERTY - City Bank View, Cirencester5
£1,40001/250.45 mi-3
£1,40004/240.47 mi-3
£1,50004/240.47 mi-3
£1,10003/250.55 mi-3
£2,60012/240.55 miSTUDENT PROPERTY - Rose Way, Cirencester5
£1,40004/240.57 miHakeburn Road, Cirencester3
£1,30004/250.58 mi-3

Local Area Statistics

Population in GL7

42,518

Nearest school

0.10 miles away

Nearest train station

3.72 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £615,000

April 5, 2025

Listed for £635,000

September 3, 2024

Floor Plans

Description

A unique opportunity to purchase a recently refurbished detached town house located in one of the most sought after locations in the very heart of Cirencester town close to a full range of amenities and facilities including a selection of local schools and parks all within level walking distance of this attractive home. The accommodation offers occupants a great deal of flexibility with living space set out over three stories and pleasant views to both front and rear of the town. To the front of the house there is bloc-paved parking for two vehicles and a wide pathway leading to the entrance door, storage enclosure to side and an integral single garage , high desirable in the centre of town. In recent months the vendor has carried out a program of renovation of the accommodation including contemporary high specification kitchen/dining/family room with access to a family room leading to the large rear garden, new modern family bathroom and separate additional shower room, full re plastering and redecoration in a modern contemporary style with the addition of new floor coverings through the property. Redecoration to include new architraves, skirtings and doors throughout the house and re-wiring with a selection of low voltage recessed ceiling lighting to most living areas. The vendors have now presented an interesting stylish contemporary family home. The rear garden is an outstanding feature of the house, access from the property is from the garden room onto a large and established entertainment deck with steps down to a pathway leading to a large lawn and selection of well stocked flower borders. To the rear of the garden there is a selection of small outbuildings for storage and a useful pedestrian gated access. We are able to bring this unique property to the market in a no-chain position call the vendors sole agent Cain & Fuller for a viewing.

Cirencester - Cirencester is an historic Roman town which became an important centre for the wool trade in medieval times. Today it is a thriving market town. The property occupies a desirable situation. Shopping in Cirencester is highly regarded, off the main streets there are many interesting back lanes with specialist shops, particularly Black Jack Street. On the outskirts of the town are two supermarkets (Waitrose and Tesco) as well as a Hospital. A new Leisure Centre was opened in 2006 and one of the oldest open-air pools in the country is a short walk. A gate to the 2500 acre Cirencester Park, belonging to the Bathurst family and open during the day, is also a short walk off Cecily Hill. Many concerts are given in the Church and there are talented local choirs and amateur dramatic groups. Within about half an hour’s drive are the towns of Cheltenham, Gloucester and Swindon. Bath, Oxford and Stratford are about an hour by car, with superb cultural and recreational facilities. Private and State schools in the area are excellent, such as Beaudesert, Deer Park, Kingshill, Prior Park, Rendcomb and Hatherop Castle.

Kemble airfield has facilities for small aircraft and Aston Down is a gliding centre. Cirencester has had a golf course for over 100 years and others are at Minchinhampton, Burford and Naunton. Superb horse racing takes place at Cheltenham, as well as at meetings at Newbury and Bath. Sailing is available on the lakes between Cirencester and Swindon.

Amenities - Victoria road is in a much sought-after location due to its proximity to the town centre which is within walking distance. Cirencester is deservedly known as the “Capital of the Cotswolds” and is extremely accessible, being at the intersection of the Fosse Way and Ermin Way. The latter provides virtual dual carriage access to both the M4 at Swindon and the M5 at Gloucester/Cheltenham. There is a fast and regular Great Western Train service from Kemble (about 3.5 miles) to London Paddington which takes approximately 75 minutes with stops at Swindon, Didcot and Reading.’

Outside - To the front of the house there is bloc-paved parking for two vehicles and a wide pathway leading to the entrance door, storage enclosure to side. The rear garden is an outstanding feature of the house, access from the property is from the garden room onto a large and established entertainment deck with steps down to a pathway leading to a large lawn and selection of well stocked flower borders. To the rear of the garden there is a selection of small outbuildings for storage and a useful pedestrian gated access.

Parking - There is off road parking for two vehicles to the front of the property.

Tenure - Freehold

Viewing - Through the vendors sole agent Cain & Fuller in Cirencester

Council Tax - Band E

Agents Note - These particulars, including any plan, are a general guide only and do not form any part of any offer or contract. All descriptions, including photographs, dimensions and other details are given in good faith but do not amount to a representation or warranty. They should not be relied upon as statements of fact and anyone interested must satisfy themselves as to their correctness by inspection or otherwise.
Any plan is for layout guidance only and is not drawn to scale. All dimensions, shapes and compass bearings are approximate and you should not rely upon them without checking them first.
Please discuss with us any aspects which are particularly important to you before travelling to view this property.
Please note that in line with Money Laundering Regulations potential purchasers will be required to provide proof of identification documents no later than where a purchaser’s offer is informally accepted by the seller

Agent Details

Cain & Fuller Estate Agents, Cirencester

01285 704350

Next Steps?

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