3 Bed Terraced House, Refurb/BRRR, Cheltenham, GL50 3LA, £300,000

St. Georges Place, Town Centre, Cheltenham, GL50 3LA - 1 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~88 m²
+16 photos

ValuationOvervalued

Sold Prices£167.5K - £540K
Sold Prices/m²£1.9K/m² - £6.4K/m²

 

 

Square Metres

~88 m²
Price/m²£3.4K/m²

Value Estimate

£280,218

 

 

End Value (After Refurb)

£295,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£37,316

Bridging Loan Interest

£7,875

Total Cash In

£134,641

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£295,000

Mortgage (After Refinance)

£221,250

Mortgage LTV

75%

Cash Left In

£134,641

Equity

£73,750

Rent Range

£1,050 - £3,800

Rent Estimate

£1,777

Running Costs/mo

£1,297

Cashflow/mo

£480

Cashflow/yr

£5,757

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £167.5K to £540K, average is £282.5K. £1.9K/m² to £6.4K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£180K03/210.24 mi9, Northfield Terrace, Cheltenham, Gloucestershire GL50 4JJ3
£331K02/230.24 mi16, Northfield Terrace, Cheltenham, Gloucestershire GL50 4JJ3
£280K12/210.24 mi79, New Street, Cheltenham, Gloucestershire GL50 3ND3
£175.3K04/210.24 mi79, New Street, Cheltenham, Gloucestershire GL50 3ND3
£210K12/200.24 mi59, St Pauls Street North, Cheltenham, Gloucestershire GL50 4AQ3
£240K12/200.25 mi17a, Burton Street, Cheltenham, Gloucestershire GL50 3NE3
£308.9K03/230.26 mi27, Park Street, Cheltenham, Gloucestershire GL50 3NG3
£245K11/200.26 mi27, Park Street, Cheltenham, Gloucestershire GL50 3NG3
£240K12/200.26 mi26, Park Street, Cheltenham, Gloucestershire GL50 3NG3
£445K05/210.28 mi1, Prince Regent Mews, Cheltenham, Gloucestershire GL52 2AQ3
£190K12/200.32 mi83, St Pauls Road, Cheltenham, Gloucestershire GL50 4HZ3
£225K07/210.32 mi12, Granville Street, Cheltenham, Gloucestershire GL50 4BL3
£465K01/210.33 mi27, Gloucester Place, Cheltenham, Gloucestershire GL52 2RN3
£310K12/220.33 mi48, Courtenay Street, Cheltenham, Gloucestershire GL50 4LR3
£350K07/210.33 mi8, Marle Hill Parade, Cheltenham, Gloucestershire GL50 4LG3
£393K08/230.33 mi32, Marle Hill Parade, Cheltenham, Gloucestershire GL50 4LG3
£210K07/210.35 mi24, Hanover Street, Cheltenham, Gloucestershire GL50 4HJ3
£236K06/210.35 mi11, Swindon Street, Cheltenham, Gloucestershire GL51 9ES3
£338.5K12/220.36 miGable End, Wellesley Road, Cheltenham, Gloucestershire GL50 4LD3
£237.5K05/210.36 mi120, Brunswick Street, Cheltenham, Gloucestershire GL50 4HA3
£397K09/230.36 mi12, Brookbank Close, Cheltenham, Gloucestershire GL50 3NA3
£255K08/230.37 mi41, Albert Street, Cheltenham, Gloucestershire GL50 4HS3
£250K04/210.37 mi13, Courtenay Street, Cheltenham, Gloucestershire GL50 4LR3
£275K01/230.37 mi6, Courtenay Street, Cheltenham, Gloucestershire GL50 4LR3
£235K04/210.37 mi24, Courtenay Street, Cheltenham, Gloucestershire GL50 4LR3
£285K11/220.37 mi20, Courtenay Street, Cheltenham, Gloucestershire GL50 4LR3
£300K10/200.37 mi44, Market Street, Cheltenham, Gloucestershire GL50 3NH3
£285K02/240.38 mi134, Swindon Road, Cheltenham, Gloucestershire GL51 9EU3
£236K06/230.38 mi27, Victoria Street, Cheltenham, Gloucestershire GL50 4HU3
£360K12/200.38 mi56, Sherborne Street, Cheltenham, Gloucestershire GL52 2JU3
£286.4K04/210.38 mi7, Courtenay Street, Cheltenham, Gloucestershire GL50 4LR3
£300K04/230.38 mi12, Bloomsbury Street, Cheltenham, Gloucestershire GL51 8PG3
£290K12/200.39 mi43, Sherborne Street, Cheltenham, Gloucestershire GL52 2JY3
£405K02/210.39 mi45, Portland Square, Cheltenham, Gloucestershire GL52 2HS3
£195K03/210.39 mi41, Townsend Street, Cheltenham, Gloucestershire GL51 9HA3
£167.5K11/200.4 mi29, Townsend Street, Cheltenham, Gloucestershire GL51 9HA3
£197K11/200.4 mi28, Townsend Street, Cheltenham, Gloucestershire GL51 9HD3
£381K04/230.4 mi27, Brookbank Close, Cheltenham, Gloucestershire GL50 3NL3
£315K02/210.41 mi14, Portland Square, Cheltenham, Gloucestershire GL52 2HU3
£325K06/210.41 mi21, Courtenay Street, Cheltenham, Gloucestershire GL50 4LR3
£395K05/230.41 mi15, Albert Place, Cheltenham, Gloucestershire GL52 2HR3
£435K11/230.41 mi25, Albert Place, Cheltenham, Gloucestershire GL52 2HR3
£540K10/220.42 mi9, Overton Park Road, Cheltenham, Gloucestershire GL50 3BW3
£250K03/230.42 mi32, Marle Hill Road, Cheltenham, Gloucestershire GL50 4LW3
£300K11/220.43 mi30, Marle Hill Road, Cheltenham, Gloucestershire GL50 4LW3
£540K05/230.43 mi5, Albert Place, Cheltenham, Gloucestershire GL52 2HP3
£275K01/210.43 mi52, Brookbank Close, Cheltenham, Gloucestershire GL50 3NB3
£270K01/210.43 mi76, Brookbank Close, Cheltenham, Gloucestershire GL50 3NB3
£257.5K06/210.43 mi72, Brookbank Close, Cheltenham, Gloucestershire GL50 3NB3
£280K01/210.44 mi16, Folly Lane, Cheltenham, Gloucestershire GL50 4BT3

Local Rents

50 rents from £1.1K/mo to £3.8K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,40004/240.12 miNew Street, Cheltenham GL50 3LP3
£1,20004/240.14 miSwindon Road Cheltenham3
£1,75003/250.14 mi-3
£1,80004/240.19 mi-3
£1,35002/250.2 mi-3
£1,65004/250.24 mi-3
£1,15004/240.24 miSt. Pauls Road, Cheltenham3
£1,29504/240.26 mi-3
£1,29504/250.26 mi-3
£1,29504/240.26 miPortland Street, Cheltenham, GL523
£1,79904/240.28 mi-3
£1,79904/240.28 miWellesley Road, Cheltenham, GL503
£1,99912/240.3 mi-3
£1,30005/240.32 miGranville Street, Cheltenham3
£3,55005/240.33 mi-3
£1,75003/250.35 mi-3
£1,60004/240.35 miWellington Lane, CheltenhamN/A
£1,72504/240.35 miClarence Road, Cheltenham3
£2,25004/240.36 mi24, Wellington Lane, Cheltenham GL50 4JF3
£2,50004/240.36 miMontpellier GL50 3AH3
£1,65004/240.36 mi-3
£1,30005/240.37 miWhitehart Street, Cheltenham, Gloucestershire, GL513
£1,49505/240.37 miCourtenay Street Cheltenham GL503
£1,57504/240.42 miOverton Road, Cheltenham, Gloucestershire, GL503
£1,50004/240.42 miGreat Western Terrace, Cheltenham, Gloucestershire, GL503
£1,35005/240.42 miSt Georges Road, Cheltenham, Gloucestershire, GL503
£1,70004/240.42 miWellington Square, Cheltenham, GL503
£1,60004/240.43 miBayshill Road, Cheltenham3
£1,50012/240.43 miBrookbank Close, Cheltenham, GL503
£1,50004/240.43 miColumbia Street, Cheltenham3
£1,70004/240.44 miAlbert Place, Cheltenham, GL523
£2,10003/240.44 mi-3
£1,75004/240.46 miMontpellier, Cheltenham GL50 1UL3
£1,10004/240.47 miFlat 1, 22 Bath Parade, Cheltenham, Gloucestershire, GL53 7HN3
£2,00005/240.48 miMontpellier Cheltenham GL50 1UL3
£1,90002/240.49 mi-3
£1,80004/250.49 mi-3
£1,50004/240.49 miFairview Road, Cheltenham GL52 2EX3
£1,05004/240.49 miFairview GL52 6AL3
£1,89504/240.5 miFestival Way, Cheltenham3
£2,75004/240.5 miVictoria Mansions, Malvern Road, Cheltenham, Gloucestershire, GL503
£1,75004/240.51 miRoyal Parade Mews, Rotunda Terrace, Montpellier Street, Cheltenham, GL503
£1,20003/240.51 miVictoria Place, Cheltenham, GL523
£1,20004/240.51 miMillbrook Street, Cheltenham, GL503
£2,29504/240.52 miMalvern Road, Cheltenham3
£2,29504/240.52 miMalvern Road, Cheltenham3
£1,45004/240.52 miVictoria place GL52 3
£1,35005/240.56 miMarsh Gardens, Cheltenham3
£3,80012/240.56 mi-3
£1,40004/240.6 miPittville Circus Road, Cheltenham3

Local Area Statistics

Population in GL50

22,648

Population in Cheltenham

159,223

Town centre distance

0.64 miles away

Nearest school

0.20 miles away

Nearest train station

1.02 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £300,000

October 2, 2024

Floor Plans

Description

  • Three bedrooms +
  • Cellar +
  • Spacious living room +
  • Stone flooring in the kitchen +
  • Low maintenance courtyard garden +
  • Three storey layout +
  • Ample storage throughout +
  • Family bathroom +
  • Prime town centre location +
  • Renovation potential +

This spacious 3-bedroom house, spread across three floors presents a fantastic opportunity for buyers looking for a renovation project. Ideally located near the vibrant Brewery Quarter and within walking distance of the town centre, this property combines convenience with the potential to add value through updating. Upon entering the property, you are greeted by a welcoming living room that offers ample space for relaxing or entertaining. Though in need of modernisation, this bright room provides a great canvas for personalisation. The kitchen, located at the rear of the property, features rustic stone flooring and plenty of room for meal preparation and dining. While functional, the kitchen also offers excellent potential for remodelling to create a more modern and open-plan layout. From the kitchen, you have access to a low-maintenance courtyard garden, an ideal space for outdoor dining or a quiet retreat. Additionally, the kitchen leads down to the cellar, a valuable bonus area that can be used for extra storage. All three bedrooms are conveniently located on the first floor. The two double bedrooms are both generously sized, with one benefiting from built-in storage. The third bedroom, a single, would make an ideal child’s room, guest space, or study. A family bathroom is also located on this level, featuring a bathtub, sink, and toilet. This home requires updating throughout, providing a blank canvas for those looking to personalise and modernise a property to their own style. While the house retains plenty of character, there is significant scope for improvement, making this an exciting project for the right buyer. Freehold Council Tax Band: C

Agent Details

Elliot Oliver Sales, Cheltenham

01242 505784

Next Steps?

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