4 Bed Detached House, Refurb/BRRR, Cheltenham, GL52 3NY, £725,000

Southam Lane, Southam, Cheltenham, GL52 3NY - 5 months ago

Sold STC
Refurb/BRRR
~192 m²
+11 photos

ValuationOvervalued

Sold Prices£325K - £1.7M
Sold Prices/m²£2.9K/m² - £6.4K/m²

 

 

Square Metres

~191.50 m²
Price/m²£3.8K/m²

Value Estimate

£688,268

 

 

End Value (After Refurb)

£779,679

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£181,250

Stamp Duty & Legal Fees

£46,700

Refurb Costs

£81,542

Bridging Loan Interest

£19,031

Total Cash In

£330,273

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£779,679

Mortgage (After Refinance)

£584,759

Mortgage LTV

75%

Cash Released

£41,009

Cash Left In

£289,264

Equity

£194,920

Rent Range

£1,400 - £2,600

Rent Estimate

£1,817

Running Costs/mo

£2,820

Cashflow/mo

£-1,003

Cashflow/yr

£-12,035

Gross Yield

3%

Local Sold Prices

50 sold prices from £325K to £1.7M, average is £500.5K. £2.9K/m² to £6.4K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£480K04/210.01 miMalham, Southam Lane, Southam, Cheltenham, Gloucestershire GL52 3NY4
£1.1M05/210.01 miFive Acres, Southam Lane, Southam, Cheltenham, Gloucestershire GL52 3NY4
£550K01/210.12 mi20b, Ratcliff Lawns, Southam, Cheltenham, Gloucestershire GL52 3PA4
£450K03/210.67 mi45, Shaw Green Lane, Prestbury, Cheltenham, Gloucestershire GL52 3BS4
£850K03/210.67 mi43, Shaw Green Lane, Prestbury, Cheltenham, Gloucestershire GL52 3BS4
£1.7M08/230.85 miManor House, Lake Street, Prestbury, Cheltenham, Gloucestershire GL52 3BH4
£635K09/230.88 miWhite Cottage, Gambles Lane, Woodmancote, Cheltenham, Gloucestershire GL52 9PU4
£590K03/230.9 mi35, Apple Tree Close, Woodmancote, Cheltenham, Gloucestershire GL52 9UA4
£475K06/230.9 mi56, Pagets Road, Bishops Cleeve, Cheltenham, Gloucestershire GL52 8AG4
£547K04/230.93 mi19, Apple Tree Close, Woodmancote, Cheltenham, Gloucestershire GL52 9UA4
£485K06/230.93 mi30, Apple Tree Close, Woodmancote, Cheltenham, Gloucestershire GL52 9UA4
£490K06/210.97 mi8, Elm Close, Prestbury, Cheltenham, Gloucestershire GL52 3ED4
£475K02/210.97 mi33, Pottersfield Road, Woodmancote, Cheltenham, Gloucestershire GL52 9PY4
£475K02/210.97 mi33, Pottersfield Road, Woodmancote, Cheltenham, Gloucestershire GL52 9PY4
£510K09/230.97 mi18, Pottersfield Road, Woodmancote, Cheltenham, Gloucestershire GL52 9PY4
£950K10/230.98 miHope House, Idsall Drive, Prestbury, Cheltenham, Gloucestershire GL52 3AX4
£420K03/210.99 mi2, Pear Tree Close, Woodmancote, Cheltenham, Gloucestershire GL52 9TY4
£430K12/200.99 mi1, Pear Tree Close, Woodmancote, Cheltenham, Gloucestershire GL52 9TY4
£325K01/211 mi2a, Linden Avenue, Prestbury, Cheltenham, Gloucestershire GL52 3DP4
£420K05/211.01 mi9, Denham Close, Woodmancote, Cheltenham, Gloucestershire GL52 9TX4
£482.5K06/211.03 mi32, Britannia Way, Woodmancote, Cheltenham, Gloucestershire GL52 9QW4
£500K11/201.03 mi35, Britannia Way, Woodmancote, Cheltenham, Gloucestershire GL52 9QW4
£412.5K02/211.05 mi116, Linden Avenue, Prestbury, Cheltenham, Gloucestershire GL52 3DS4
£425K05/231.05 mi112, Linden Avenue, Prestbury, Cheltenham, Gloucestershire GL52 3DS4
£450K03/211.07 mi91, Linden Avenue, Prestbury, Cheltenham, Gloucestershire GL52 3DT4
£675K10/211.09 miRodings, Prestbury Green Drive, Prestbury, Cheltenham, Gloucestershire GL52 3BA4
£465K11/201.09 mi1, Meade King Grove, Woodmancote, Cheltenham, Gloucestershire GL52 9UD4
£485K12/201.09 mi8, Meade King Grove, Woodmancote, Cheltenham, Gloucestershire GL52 9UD4
£675K10/231.1 mi91, Two Hedges Road, Bishops Cleeve, Cheltenham, Gloucestershire GL52 8AD4
£499.9K04/211.1 mi95, Two Hedges Road, Bishops Cleeve, Cheltenham, Gloucestershire GL52 8AD4
£585K02/211.12 mi325, Prestbury Road, Prestbury, Cheltenham, Gloucestershire GL52 3DF4
£325K09/231.13 mi331, Prestbury Road, Prestbury, Cheltenham, Gloucestershire GL52 3DF4
£610K04/231.13 miSilkstones, Stockwell Lane, Woodmancote, Cheltenham, Gloucestershire GL52 9QE4
£610K02/211.13 mi31, Desert Orchid Road, Prestbury, Cheltenham, Gloucestershire GL52 5FD4
£638.8K11/211.13 mi28, Noverton Lane, Prestbury, Cheltenham, Gloucestershire GL52 5BB4
£700K09/231.13 mi20, Noverton Lane, Prestbury, Cheltenham, Gloucestershire GL52 5BB4
£500K02/231.15 mi14, Greenway, Woodmancote, Cheltenham, Gloucestershire GL52 9HU4
£490K01/231.17 miThe Ramblings, Station Road, Woodmancote, Cheltenham, Gloucestershire GL52 9HR4
£1.1M06/211.17 miRosemount, Stockwell Lane, Woodmancote, Cheltenham, Gloucestershire GL52 9QG4
£508.5K06/211.2 miIvy Dene, Post Office Lane, Cleeve Hill, Cheltenham, Gloucestershire GL52 3PS4
£370K03/211.2 mi53, Read Way, Bishops Cleeve, Cheltenham, Gloucestershire GL52 8EL4
£570K05/231.21 mi5, Lyndhurst Close, Woodmancote, Cheltenham, Gloucestershire GL52 9SQ4
£395K07/211.21 mi25, Two Hedges Road, Bishops Cleeve, Cheltenham, Gloucestershire GL52 8DX4
£419.5K06/231.22 mi10, Studland Drive, Prestbury, Cheltenham, Gloucestershire GL52 5BT4
£501K12/221.22 mi30, Studland Drive, Prestbury, Cheltenham, Gloucestershire GL52 5BT4
£790K11/201.24 mi37, Noverton Lane, Prestbury, Cheltenham, Gloucestershire GL52 5DD4
£820K05/211.24 mi23, Finchcroft Lane, Prestbury, Cheltenham, Gloucestershire GL52 5BD4
£568K07/231.25 mi11, Celandine Bank, Woodmancote, Cheltenham, Gloucestershire GL52 9HZ4
£600K05/231.25 mi5, Celandine Bank, Woodmancote, Cheltenham, Gloucestershire GL52 9HZ4
£732.5K12/201.26 miWell House, Bushcombe Lane, Woodmancote, Cheltenham, Gloucestershire GL52 9QJ4

Local Rents

13 rents from £1.4K/mo to £2.6K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,60002/240.98 mi-4
£1,45004/241.01 miHigh Street, Cheltenham3
£1,40004/241.01 miDeep Street, Prestbury, Cheltenham, Gloucestershire, GL524
£1,60004/241.06 miNew Barn Lane, Cheltenham GL52 3LH3
£1,70004/241.11 miDesert Orchid Road, Prestbury3
£2,60004/241.11 miHillside Gardens, Woodmancote, Cheltenham, GL524
£1,87504/241.15 mi-4
£1,99512/241.15 mi-4
£2,60004/241.16 miClover Drive, Cheltenham GL52 3JR5
£1,50004/241.2 miRoberts Road, Prestbury, Cheltenham, Gloucestershire, GL524
£1,85004/241.21 miTwo Hedges Road, GL523
£1,60004/241.22 miFinchcroft Lane, Prestbury, Cheltenham, Gloucestershire, GL523
£1,85004/241.22 miTwo Hedges Road, GL523

Local Area Statistics

Population in GL52

42,918

Population in Cheltenham

159,223

Town centre distance

2.93 miles away

Nearest school

1.10 miles away

Nearest train station

3.22 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+33%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £725,000

September 4, 2024

Floor Plans

Description

  • Four Bedroom Detached +
  • Sought After Village Of Southam +
  • 100ft (Approx) Stunning Landscaped Garden +
  • Potential For Modernisation +
  • Driveway and Double Garage +
  • Magnificent Views Over Open Countryside +

Cook Residential is delighted to offer this rarely available charming four-bedroom detached property, perfectly positioned in the idyllic village of Southam. Boasting stunning countryside views and convenient access to Cheltenham and the M5 motorway, this home offers an ideal blend of rural tranquillity and modern convenience. Featuring spacious living areas, a large west-facing garden, and ample parking for multiple vehicles, this property is a rare find in today's market.

Porch and Entrance Hall: Upon entering, you are welcomed by a light and airy porch that leads into a spacious entrance hallway. This central space provides access to two versatile reception rooms, the kitchen, the utility room, and the attached double garage with an electric door, offering practical and easy living.

Reception Room: Located at the front of the property, the first reception room offers a cozy atmosphere, currently used as a dining room. The room is ideally suited for entertaining or could easily be transformed into a snug or home office.

Main Reception Room: The expansive main reception room exudes comfort, featuring plush carpeted flooring and a striking gas fire with a Spanish marble surround as the focal point. French patio doors open onto the well-maintained garden, providing a seamless indoor-outdoor living experience. This room also grants access to a delightful conservatory/garden room.

Conservatory/Garden Room: Accessed from the main reception room bathed in natural light, the conservatory is the perfect spot to relax and enjoy the picturesque views of the west-facing garden. With direct access to the garden, this space is ideal for enjoying the outdoors year-round.

Kitchen: The kitchen is thoughtfully designed with white wood wall and base units, offering ample storage and workspace. Overlooking the rear garden, the kitchen is equipped with modern appliances and flows effortlessly into the utility room.
Utility Room: Conveniently located off the kitchen, the utility room provides space for both a washer and dryer and includes access to the garage, making it a highly functional addition to the home.

Cloakroom and Shower Room: Completing the ground floor is a practical and newly installed cloakroom with a shower, ensuring that guests and residents have all the amenities they need on this level.
First Floor
Bedroom One: The principal bedroom is a spacious double, featuring carpeted flooring, built-in wardrobes, and ample storage. A dormer window provides a charming aspect over the lush garden below.
Bedroom Two: This single room, also carpeted, enjoys views over the rear garden through a dormer window, making it a peaceful retreat.
Bedroom Three: Another double room; this bedroom is carpeted and offers beautiful rear garden views, perfect for a restful night's sleep.
Bedroom Four: A double bedroom with built-in storage, carpeted flooring, and dormer windows that offer side views of the property, ensuring plenty of natural light.

Family Bathroom: The well-appointed family bathroom includes a luxurious jet bath, a separate shower, and a WC, providing a spa-like retreat within your home.

Landscaped Gardens: The expansive west-facing garden is a true highlight of this property, extending over 100 feet and featuring mature trees and shrubs. A patio area allows for outdoor dining and entertaining, with ample family activities and relaxation space.

Double Garage and Parking: The property benefits from a double garage with an electric door and a driveway that provides parking for up to four cars, ensuring ample space for vehicles and guests.

Tenure: FreeholdCouncil Tax Band: G
Southam is a highly desirable village combining rural charm and excellent transport links. The nearby town of Cheltenham offers a wide array of amenities, including shops, restaurants, and cultural attractions. The property's proximity to the M5 motorway provides easy access for commuters, making this an ideal location for those seeking a balance between work and leisure.
A viewing is highly recommended to fully appreciate the charm, space, and stunning views this property has to offer.
All information regarding the property details, including its position on Freehold, is to be confirmed between vendor and purchaser solicitors. All measurements are approximate and for guidance purposes only.

Agent Details

Cook Residential, Cheltenham

01242 339229

Next Steps?

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

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