4 Bed Detached House, Refurb/BRRR, Cheltenham, GL53 8ES, £925,000

Charlton Drive, Charlton Kings, Cheltenham, Gloucestershire, GL53 8ES - 2 views - 7 months ago

Refurb/BRRR
~160 m²
+8 photos

ValuationOvervalued

Sold Prices£271K - £1.4M
Sold Prices/m²£2.4K/m² - £10.9K/m²

 

 

Square Metres

~160 m²
Price/m²£5.8K/m²

Value Estimate

£705,869

 

 

End Value (After Refurb)

£820,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£231,250

Stamp Duty & Legal Fees

£81,200

Refurb Costs

£68,129

Bridging Loan Interest

£24,281

Total Cash In

£406,610

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£820,750

Mortgage (After Refinance)

£615,563

Mortgage LTV

75%

Cash Left In

£406,610

Equity

£205,188

Rent Range

£1,350 - £4,000

Rent Estimate

£2,244

Running Costs/mo

£3,034

Cashflow/mo

£-790

Cashflow/yr

£-9,476

Gross Yield

3%

Local Sold Prices

50 sold prices from £271K to £1.4M, average is £631.3K. £2.4K/m² to £10.9K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£700K09/230.16 mi17, Chancel Way, Cheltenham, Gloucestershire GL53 7RR4
£630K11/220.17 mi1, Knightsbridge Crescent, Cheltenham, Gloucestershire GL53 7QW4
£460K11/210.19 mi28, King Arthur Close, Cheltenham, Gloucestershire GL53 7EX4
£525K09/210.21 mi30, Brookway Road, Charlton Kings, Cheltenham, Gloucestershire GL53 8HD4
£825K01/210.21 mi19, Brookway Road, Charlton Kings, Cheltenham, Gloucestershire GL53 8HD4
£808K05/210.21 mi34, Brookway Road, Charlton Kings, Cheltenham, Gloucestershire GL53 8HD4
£290K12/200.21 mi1, Oakland Street, Charlton Kings, Cheltenham, Gloucestershire GL53 8HR4
£625K10/200.22 mi37, Cudnall Street, Charlton Kings, Cheltenham, Gloucestershire GL53 8HP4
£580K01/230.22 mi152, London Road, Cheltenham, Gloucestershire GL52 6HJ4
£271K12/200.25 mi54, Churchill Drive, Charlton Kings, Cheltenham, Gloucestershire GL52 6JJ4
£350K05/210.25 mi2, Churchill Drive, Charlton Kings, Cheltenham, Gloucestershire GL52 6JJ4
£755K08/230.27 mi8, Charlton Court Road, Charlton Kings, Cheltenham, Gloucestershire GL52 6JB4
£625K12/220.28 mi14, Copt Elm Close, Charlton Kings, Cheltenham, Gloucestershire GL53 8AD4
£495K05/230.29 miRaymond Cottage, Upper Park Street, Cheltenham, Gloucestershire GL52 6SB4
£895K06/210.3 mi6, Moorend Glade, Charlton Kings, Cheltenham, Gloucestershire GL53 9AT4
£800K07/230.3 mi68, King William Drive, Cheltenham, Gloucestershire GL53 7RP4
£550K12/200.3 mi2, King William Drive, Cheltenham, Gloucestershire GL53 7RP4
£600K03/210.33 mi7, Brookway Drive, Charlton Kings, Cheltenham, Gloucestershire GL53 8AJ4
£455K01/210.34 mi6, St Michaels Close, Charlton Kings, Cheltenham, Gloucestershire GL53 9DW4
£795K11/230.37 mi24, Copt Elm Road, Charlton Kings, Cheltenham, Gloucestershire GL53 8AH4
£585K10/230.38 mi3, Old Bath Road, Cheltenham, Gloucestershire GL53 7QF4
£875K02/240.39 miGlencairn, Greenway Lane, Charlton Kings, Cheltenham, Gloucestershire GL52 6LB4
£642.5K01/210.4 mi40, Copt Elm Road, Charlton Kings, Cheltenham, Gloucestershire GL53 8AL4
£650K04/210.4 mi50, Copt Elm Road, Charlton Kings, Cheltenham, Gloucestershire GL53 8AL4
£412K12/200.41 miKyle, Copt Elm Road, Charlton Kings, Cheltenham, Gloucestershire GL53 8AG4
£510K03/210.41 mi24, Hales Road, Cheltenham, Gloucestershire GL52 6SE4
£515K05/230.41 mi302, London Road, Charlton Kings, Cheltenham, Gloucestershire GL52 6YF4
£480K01/210.41 mi2, Porturet Way, Charlton Kings, Cheltenham, Gloucestershire GL53 8BN4
£795K02/210.41 mi6, Porturet Way, Charlton Kings, Cheltenham, Gloucestershire GL53 8BN4
£500K11/200.42 mi22, College Baths Road, Cheltenham, Gloucestershire GL53 7QU4
£583.4K06/210.42 mi6, College Baths Road, Cheltenham, Gloucestershire GL53 7QU4
£1.1M11/220.43 mi17, Ashley Close, Charlton Kings, Cheltenham, Gloucestershire GL52 6LF4
£632.5K12/220.43 mi39, Hales Road, Cheltenham, Gloucestershire GL52 6SL4
£1.0M08/210.45 mi60, School Road, Charlton Kings, Cheltenham, Gloucestershire GL53 8BW4
£685K08/230.45 mi48, Cirencester Road, Charlton Kings, Cheltenham, Gloucestershire GL53 8DA4
£390K07/210.46 mi2, Horsefair Street, Charlton Kings, Cheltenham, Gloucestershire GL53 8JE4
£640K10/220.46 mi32, Keynsham Road, Cheltenham, Gloucestershire GL53 7PX4
£555K09/210.46 mi8, Keynsham Bank, Cheltenham, Gloucestershire GL52 6ER4
£700K02/210.47 mi4, Withyholt Park, Charlton Kings, Cheltenham, Gloucestershire GL53 9BP4
£558K08/230.47 miNaunton House, Haywards Lane, Cheltenham, Gloucestershire GL52 6RF4
£935K06/210.48 mi14, Sydenham Road South, Cheltenham, Gloucestershire GL52 6EF4
£845K06/230.48 mi17, Sydenham Road South, Cheltenham, Gloucestershire GL52 6EF4
£1.4M10/220.49 mi130, Old Bath Road, Cheltenham, Gloucestershire GL53 7DP4
£540K05/230.49 mi25, Keynshambury Road, Cheltenham, Gloucestershire GL52 6HB4
£495K05/230.49 mi27, Keynshambury Road, Cheltenham, Gloucestershire GL52 6HB4
£900K10/200.49 mi39, School Road, Charlton Kings, Cheltenham, Gloucestershire GL53 8BQ4
£645K01/230.49 mi73, Hales Road, Cheltenham, Gloucestershire GL52 6SR4
£750K06/210.5 mi12, Shrublands, Charlton Kings, Cheltenham, Gloucestershire GL53 0ND4
£805K06/210.52 mi277, London Road, Charlton Kings, Cheltenham, Gloucestershire GL52 6YG4
£676.5K03/210.52 mi267c, London Road, Charlton Kings, Cheltenham, Gloucestershire GL52 6YG4

Local Rents

32 rents from £1.4K/mo to £4K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£1,35004/240.16 miCharlton Park, Cheltenham3
£1,65004/240.24 miKing George Close, Cheltenham, Gloucestershire, GL534
£1,50004/240.27 miCharlton Court Road, Charlton Kings, Cheltenham, Gloucestershire, GL523
£2,40004/240.27 miKing William Drive, Charlton Park4
£2,40004/240.31 miCopt Elm Close, Charlton Kings3
£1,40004/250.34 mi-3
£2,25003/240.34 mi3 Battledown Courtyard King Alfred Way, Cheltenham3
£1,95002/250.37 mi-3
£3,60004/250.37 mi-5
£2,25004/240.38 mi1, Battledown Courtyard, King Alfred Way, Cheltenham GL52 6QP3
£2,25004/240.39 miBattledown Courtyard, King Alfred Way, Cheltenham GL52 6QP3
£2,00004/240.4 miRosehill Street, Cheltenham, Gloucestershire5
£2,25004/240.45 mi-4
£2,25004/240.45 miKeynsham Bank, Cheltenham, GL524
£2,50003/250.45 mi-5
£2,50012/240.45 miKeynsham Bank, Cheltenham, GL525
£2,65003/250.45 mi-5
£2,25004/240.46 miHorsefair Street, Charlton Kings, Cheltenham GL53 8JE4
£4,00004/240.46 miSydenham Road South, Cheltenham, Glos, GL526
£1,95012/240.48 mi-3
£1,95003/240.48 miLondon Road, Cheltenham, GL523
£4,00004/240.49 miSydenham Road North, Cheltenham6
£2,25004/240.5 mi-4
£2,25002/250.5 mi-4
£1,99503/250.5 mi-4
£2,25004/250.5 mi-4
£2,25004/240.5 miHorsefair Street, Charlton Kings, Cheltenham, GL534
£1,35004/240.51 miNaunton Park Close, Cheltenham, Gloucestershire, GL533
£2,10004/240.52 miCranham Road, Cheltenham3
£1,60004/240.54 miHales Road, Cheltenham, GL523
£1,49512/240.59 mi-3
£3,50004/240.62 miLondon Road, Charlton Kings, Cheltenham, Gloucestershire, GL527

Local Area Statistics

Population in GL53

19,966

Population in Cheltenham

159,223

Town centre distance

1.21 miles away

Nearest school

0.20 miles away

Nearest train station

1.80 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-35%

Sales demand

Balanced market

Capital growth (5yrs)

+34%

Property History

Listed for £925,000

October 10, 2024

Floor Plans

Description

  • 4 bedrooms +
  • 2 reception rooms +
  • 2 bathrooms +
  • Period +
  • Detached +
  • Town/City +
  • Private Parking +

Nestled on a private road at the edge of the sought-after village of Charlton Kings, this delightful detached home sits among a collection of unique properties, all set within a magnificent 1/3-acre garden. Ideal for downsizers, growing families, or those looking to create their dream home, the property offers two reception rooms, a kitchen with adjoining utility and wet room, four bedrooms, and an upstairs bathroom. The property is in need of updating throughout but offers significant opportunities to create a fantastic family home.

The wide reception hall includes a cloakroom, under-stair storage, and stairs leading to the first floor. The sitting room features a box bay window with a fitted window seat, providing enchanting views of the rear garden, along with a fireplace as the room's focal point. In the dining room, glazed doors open onto a large terrace, with steps leading down to a sweeping lawn. The kitchen is fitted with solid wood units and includes a breakfast bar, while the utility/workshop/boot room provides access to the garage and an adjoining wet room.

On the first floor, the landing has an airing cupboard, and leads to four bedrooms, two of which feature built-in storage. The integral single garage offers internal access, and the property includes off-road parking for three vehicles at the side. The stunning south-facing garden is a true highlight, with a sweeping lawn interspersed with specimen trees, leading down to the meandering River Chelt.

Charlton Drive is a private, no-through road conveniently located just off Cirencester Road, offering easy access to the amenities at Sixways and the historic 'Old Village' of Charlton Kings. These include a doctor's surgery, pharmacy, optician, supermarkets, pubs, and both Parish and Roman Catholic churches. Within 0.3 miles of the property, you'll find a selection of well-regarded schools, including the highly esteemed Balcarras Academy, Glenfall Primary, and both St. Edward's Senior and Prep Schools. Cheltenham town centre is just over two miles away, and the A40, providing routes to the Cotswolds, Oxford, and London, as well as the A435 to Cirencester, are both within close proximity.

Agent Details

Knight Frank, Cheltenham

020 3984 8182

Next Steps?

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