5 Bed Semi-Detached House, Refurb/BRRR, GL7 6DW, £750,000

Somerford Keynes, Cirencester, Gloucestershire, GL7 6DW - 7 months ago

Under Offer
Refurb/BRRR
~196 m²
+13 photos

ValuationOvervalued

Sold Prices£600K - £1.1M
Sold Prices/m²£2.8K/m² - £6.4K/m²

 

 

Square Metres

~196.20 m²
Price/m²£3.8K/m²

Value Estimate

£722,737

 

 

End Value (After Refurb)

£846,580

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£187,500

Stamp Duty & Legal Fees

£63,700

Refurb Costs

£79,538

Bridging Loan Interest

£19,688

Total Cash In

£352,176

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£846,580

Mortgage (After Refinance)

£634,935

Mortgage LTV

75%

Cash Released

£72,435

Cash Left In

£279,741

Equity

£211,645

Rent Range

£600 - £5,400

Rent Estimate

£1,784

Running Costs/mo

£3,022

Cashflow/mo

£-1,238

Cashflow/yr

£-14,860

Gross Yield

3%

Local Sold Prices

8 sold prices from £600K to £1.1M, average is £777.5K. £2.8K/m² to £6.4K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£950K03/210.09 mi4, Grange Park, Somerford Keynes, Cirencester, Gloucestershire GL7 6EW5
£600K12/200.85 mi2, Clearwater Village, Lower Mill Estate, Somerford Keynes, Cirencester, Gloucestershire GL7 6FJ5
£750K08/211.96 mi23, Eastfield, Ashton Keynes, Swindon, Wiltshire SN6 6PR5
£630K04/212.17 mi20, The Limes, South Cerney, Cirencester, Gloucestershire GL7 5RF5
£714K07/232.17 mi15, The Limes, South Cerney, Cirencester, Gloucestershire GL7 5RF5
£805K03/212.68 miChapel House, Sawyers Hill, Minety, Malmesbury, Wiltshire SN16 9QL5
£960K04/212.68 miHillside, Sawyers Hill, Minety, Malmesbury, Wiltshire SN16 9QL5
£1.1M07/212.86 mi2, Hambledon Close, South Cerney, Cirencester, Gloucestershire GL7 6JA5

Local Rents

26 rents from £600/mo to £5.4K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,47504/240.09 miArlingdon Fields, Somerford Keynes2
£5,40003/240.51 mi-4
£1,39512/240.77 miEwen, Gloucestershire2
£2,00009/241.48 miOld Dairy4
£60009/241.62 mi-1
£1,60001/251.69 mi-3
£97509/241.74 mi-2
£1,50012/241.93 miWinchcombe Gardens, South Cerney, GL73
£1,39512/241.94 miWinchcombe Gardens, SOUTH CERNEY3
£95012/241.96 miBeverstone Road, South Cerney, Gloucestershire3
£1,35009/242.04 miThe Mead, Ashton Keynes3
£1,40012/242.05 miKent End, Ashton Keynes2
£1,30002/242.08 mi-3
£1,30004/242.08 mi-3
£2,30004/242.08 miSudeley Drive, South Cerney, GL74
£1,40005/242.08 mi-3
£2,30012/242.08 miSudeley Drive, South Cerney4
£1,59504/242.17 miNightingale Way, SOUTH CERNEY4
£82512/242.18 miThe Laurels, SOUTH CERNEY1
£1,49509/242.21 miThe Street, OAKSEY3
£3,00004/242.27 miCastle Gate | South Cerney4
£4,50009/242.41 mi-6
£2,25012/242.42 miThe Lennards, South Cerney5
£1,47504/242.46 miThe Lennards, SOUTH CERNEY3
£1,75009/242.46 miPark Farm, Oaksey, Malmesbury, Wiltshire, SN163
£85009/242.48 miThe Courtyard, Park Farm, Oaksey, Malmesbury, SN161

Local Area Statistics

Population in GL7

42,518

Nearest school

1.70 miles away

Nearest train station

2.58 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £750,000

January 15, 2025

Listed for £795,000

September 6, 2024

Floor Plans

Description

  • Characterful Cotswold stone cottage +
  • Lots of original features +
  • Idyllic village close to Cirencester +
  • Five double bedrooms +
  • Five bedrooms +
  • Garage and enclosed rear garden +
  • Excellent access to Cirencester, Swindon and the A419 +
  • EPC Rating = D +

A double-fronted Cotswold stone cottage with beautifully updated interiors and character features, in a popular village close to the water park.

Description

An attached cottage, situated in the heart of Somerford Keynes, with a lovely garden, garage, parking and masses of character. 2 Croft Cottages is situated at the end of a pretty terrace and has a charming double-fronted appearance and typically Cotswold stone walls. Internally the house has been subject to a programme of renovations, including updating the bathroom and kitchen in 2023 and a number of earlier alterations including a loft conversion and rear extension. The recent changes have restored the house and many of its delightful character features, including the original terracotta tiles in the kitchen, exposed beams and stone walls throughout, and lovely fireplaces. The modern additions complement the original charm, including a Heta wood-burning stove, a stunning forest green kitchen with repurposed butcher’s block island, an induction range oven and Cotswold wool carpets in two of the bedrooms. The interiors are beautifully presented and the house is ready for immediate occupation.

The accommodation is spacious and arranged over three floors, including two reception rooms at the front of the house, a lovely bright kitchen and a shower room on the ground floor. On the first floor there are two double bedrooms – both with built-in storage, a family bathroom and a third bedroom/study, with two final double bedrooms and a cloakroom/WC on the second floor.
Outside
The property has a delightful appearance from the road, set behind a pretty front garden with a pedestrian gate opening to a path leading to the front door. A gravel driveway, shared with the neighbouring cottages, leads along the far end of the terrace to the rear, where there is a gravel parking area and a single garage within a block. The garden is accessed from the kitchen and is a good size, with a gravel terrace adjoining the house leading to an area of lawn which is bordered by high fences and hedging for privacy, There are several trees and shrubs, including a copper beech, and an access gate to the parking at the rear.

Location

Somerford Keynes is a sought-after Cotswold village with a popular pub, village hall, church and good access to the plentiful amenities of the Cotswold Water Park, including a brewery with bar, water sports, walking, cycling, riding and golf opportunities. There is also excellent walking along the Thames Path which passes to the southwest of the village. Further amenities can be found in the neighbouring villages of Ashton Keynes, Oaksey, Ewen and Kemble, the latter with its train station.

Cirencester and Swindon, the two major towns in the area, are both within easy driving distance and provide comprehensive but differing shopping, commercial and recreational amenities. Communications are first class with a direct service from Kemble (about three miles) to London Paddington taking approximately 80 minutes. Both the M4 and M5 are easily accessible via the A417/419 dual carriageways.

The local area has a wide selection of highly regarded schools in both the public and private sectors and the property is within the catchment for both Kingshill and Deer Park Schools in Cirencester. Private schools include Hatherop Castle, Rendcomb College, Prior Park in Cricklade as well as the schools and colleges in Cheltenham.

Square Footage: 2,003 sq ft

Directions

From Cirencester, Love Lane south and at the roundabout, take the third exit onto Wilkinson Road. Follow the road south (becoming Spratsgate Lane) for almost a mile and then turn right, signposted Somerford Keynes. Pass The Bakers Arms on the right and continue for about 100 metres, where the property can be found on the left-hand side.

W3W///unwind.surnames.scans

Additional Info

Mains water and electricity. Private drainage. Oil-fired central heating.

Agent Details

Savills, Cirencester

01285 704468

Next Steps?

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