2 Bed Terraced House, Single Let, GL7 5XX, £185,000

70 Oak Way, South Cerney, Cirencester, Gloucestershire, GL7 5XX - 7 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~58 m²
+9 photos

ValuationUndervalued

Sold Prices£175K - £530K
Sold Prices/m²£2.8K/m² - £6K/m²

 

 

Square Metres

~58.30 m²
Price/m²£3.2K/m²

Value Estimate

£231,250
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£10,450

Total Cash In

£56,700

 

 

Cash Out

 

Rent Range

£825 - £5,400

Rent Estimate

£1,044

Running Costs/mo

£807

Cashflow/mo

£237

Cashflow/yr

£2,845

ROI

5%

Gross Yield

7%

Local Sold Prices

19 sold prices from £175K to £530K, average is £237K. £2.8K/m² to £6K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£207K08/210 mi30, Oak Way, South Cerney, Cirencester, Gloucestershire GL7 5XX2
£241K02/230.1 mi29, Beverstone Road, South Cerney, Cirencester, Gloucestershire GL7 5XU2
£205K05/210.12 mi15, Beverstone Road, South Cerney, Cirencester, Gloucestershire GL7 5XU2
£325K03/210.21 mi18, The Limes, South Cerney, Cirencester, Gloucestershire GL7 5RF2
£530K11/220.25 miChapel House, High Street, South Cerney, Cirencester, Gloucestershire GL7 5UG2
£265K05/230.37 miLake View, Station Road, South Cerney, Cirencester, Gloucestershire GL7 5UB2
£240K03/210.43 mi6, Field Close, South Cerney, Cirencester, Gloucestershire GL7 5XQ2
£285K11/200.45 mi32, Riverway, South Cerney, Cirencester, Gloucestershire GL7 6HZ2
£287K09/210.45 mi37, Riverway, South Cerney, Cirencester, Gloucestershire GL7 6HZ2
£237K09/211.59 mi15, Eastfield, Ashton Keynes, Swindon, Wiltshire SN6 6PR2
£235K07/231.6 mi24, Eastfield, Ashton Keynes, Swindon, Wiltshire SN6 6PR2
£220K12/202.19 miTrout Cottage 81, Mill Village, Lower Mill Lane, Somerford Keynes, Cirencester, Gloucestershire GL7 6FR2
£395K03/212.2 mi5, Post Office Square, Siddington, Cirencester, Gloucestershire GL7 6HF2
£220K06/212.86 mi89, Rose Way, Cirencester, Gloucestershire GL7 1PS2
£185K04/212.86 mi91, Rose Way, Cirencester, Gloucestershire GL7 1PS2
£220K12/222.86 mi57, Rose Way, Cirencester, Gloucestershire GL7 1PS2
£175K01/212.9 mi34, Siddington Road, Cirencester, Gloucestershire GL7 1NT2
£220K12/202.92 mi25, Hillside, Leigh, Swindon, Wiltshire SN6 6RE2
£297.5K04/212.94 mi19, Matthews Walk, Cirencester, Gloucestershire GL7 1HL2

Local Rents

29 rents from £825/mo to £5.4K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£95012/240.12 miBeverstone Road, South Cerney, Gloucestershire3
£2,30004/240.13 miSudeley Drive, South Cerney, GL74
£2,30012/240.13 miSudeley Drive, South Cerney4
£1,39512/240.16 miWinchcombe Gardens, SOUTH CERNEY3
£1,50012/240.16 miWinchcombe Gardens, South Cerney, GL73
£1,59504/240.18 miNightingale Way, SOUTH CERNEY4
£82512/240.34 miThe Laurels, SOUTH CERNEY1
£2,25012/240.4 miThe Lennards, South Cerney5
£1,47504/240.43 miThe Lennards, SOUTH CERNEY3
£1,20004/240.52 miRobert Franklin Way, South Cerney, Cirencester3
£3,00004/240.57 miCastle Gate | South Cerney4
£1,30004/250.81 mi-3
£2,60004/241.14 miGL74
£1,75004/241.16 miSouth Cerney, Cirencester4
£3,85004/251.18 mi-3
£2,00009/241.25 miOld Dairy4
£2,00004/241.36 miSpine Road East, GL73
£1,40012/241.52 miKent End, Ashton Keynes2
£1,30002/241.56 mi-3
£1,30005/241.56 mi-3
£1,40005/241.57 mi-3
£1,35009/241.69 miThe Mead, Ashton Keynes3
£1,60001/251.87 mi-3
£1,47504/242.09 miArlingdon Fields, Somerford Keynes2
£1,39512/242.16 miEwen, Gloucestershire2
£5,40003/242.18 mi-4
£1,40001/252.24 mi-2
£2,85012/242.28 miSiddington, Near Cirencester4
£3,00012/242.31 miDairy Cottages, Siddington4

Local Area Statistics

Population in GL7

42,518

Nearest school

0.30 miles away

Nearest train station

4.07 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £185,000

October 7, 2024

Floor Plans

Description

  • NO CHAIN +
  • First Floor Apartment +
  • Two Double Bedrooms +
  • Spacious Sitting Room +
  • Kitchen / Diner +
  • Modern Bathroom +
  • Parking & Communal Gardens +

Not to be missed! this first floor, 2 double bedroom apartment is located within a short walk of the village centre and shops. The property is well presented both inside and out and offered for sale CHAIN FREE!.

This modern, first floor apartment, is located within a cul-de-sac, just off Broadway Lane, a short walk from the village centre. South Cerney has plenty to offer with a choice of village shops, pubs and a primary school. The water parks are also close by with a wide range of leisure activities.

Communal Entrance
Double glazed front door opens in to the hallway which provides access to 6 apartments, 3 on each floor.

Entance hall
A large walk in airing cupboard with additional storage. Doors to,

Sitting room
Double aspect double glazed windows.

Kitchen/diner
Front aspect double glazed window. A range of fitted units with ample worktop space. A fitted oven & hob with space for a washing machine, integral fridge and freezer.

Bedroom1
Rear aspect double glazed window. A large walk in open wardrobe.

Bedroom 2
rear aspect double glazed window.

Bathroom
A modern, white suite with WC, wash basin and panelled bath with shower over.

The property has open plan, communal lawned gardens with a paved terrace and drying area. There is a place for the bins & recycling adjacent to the driveway which leads to the car park located at the rear of the building.

999 year lease from 1/7/1989 946 years remaining.

Service charge £1475 p.a
Ground Rent £50 p.a

Agent Details

CJ Hole, Cirencester

01285 704382

Next Steps?

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