3 Bed Semi-Detached House, Refurb/BRRR, GL7 3DF, £260,000

2 Butlers Field, Lechlade, Gloucestershire, GL7 3DF - 6 months ago

Refurb/BRRR
ROI: 12%
~81 m²
+12 photos

ValuationUndervalued

Sold Prices£255K - £510K
Sold Prices/m²£2.9K/m² - £6.1K/m²

 

 

Square Metres

~80.73 m²
Price/m²£3.2K/m²

Value Estimate

£267,800
BMV3%

 

 

End Value (After Refurb)

£293,500

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£17,200

Refurb Costs

£32,727

Bridging Loan Interest

£6,825

Total Cash In

£123,502

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£293,500

Mortgage (After Refinance)

£220,125

Mortgage LTV

75%

Cash Released

£25,125

Cash Left In

£98,377

Equity

£73,375

Rent Range

£550 - £43,333

Rent Estimate

£2,695

Running Costs/mo

£1,476

Cashflow/mo

£1,219

Cashflow/yr

£14,626

ROI

12%

Gross Yield

12%

Local Sold Prices

18 sold prices from £255K to £510K, average is £382.5K. £2.9K/m² to £6.1K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£297K04/210.02 mi50, Butlers Field, Lechlade, Gloucestershire GL7 3DF3
£375K08/230.12 mi8, Gassons Road, Lechlade, Gloucestershire GL7 3BQ3
£280K05/230.12 mi5, Gassons Road, Lechlade, Gloucestershire GL7 3BQ3
£255K01/210.13 mi15, Gassons Road, Lechlade, Gloucestershire GL7 3BQ3
£490K12/200.15 mi27, Kingsmead, Lechlade, Gloucestershire GL7 3BN3
£481K06/210.18 mi12, The Cursus, Lechlade, Gloucestershire GL7 3SB3
£440K11/200.21 miThe Firs, Oak Street, Lechlade, Gloucestershire GL7 3AY3
£451K06/210.22 mi33, Kingsmead, Lechlade, Gloucestershire GL7 3BN3
£510K08/230.28 mi2, Briary Road, Lechlade, Gloucestershire GL7 3DD3
£420K11/220.29 mi3, The Stables, Lechlade, Gloucestershire GL7 3FE3
£293K04/210.35 mi51, Swansfield, Lechlade, Gloucestershire GL7 3SF3
£350K09/210.39 mi67, Perrinsfield, Lechlade, Gloucestershire GL7 3SD3
£390K05/230.39 mi16, The Wern, Lechlade, Gloucestershire GL7 3FF3
£490K06/230.4 mi4, East Allcourt, Lechlade, Gloucestershire GL7 3FB3
£359.5K06/230.41 miThrift Cottage, High Street, Lechlade, Gloucestershire GL7 3AE3
£455K01/210.42 mi9, West Allcourt, Lechlade, Gloucestershire GL7 3FA3
£346K06/230.44 mi142, Perrinsfield, Lechlade, Gloucestershire GL7 3SE3
£337K11/220.46 mi137, Perrinsfield, Lechlade, Gloucestershire GL7 3SE3

Local Rents

11 rents from £550/mo to £43.3K/mo, average is £2.7K/mo.

RentDateDistanceAddressBeds 
£1,19512/240.1 miButlers Field, Lechlade, GL73
£2,69512/240.21 miRoman Way, Lechlade5
£65012/240.34 miSherborne Street, LECHLADE1
£55011/240.4 mi-1
£1,10004/240.42 miSt Johns Street, LECHLADE2
£2,00004/240.45 miDownington, LECHLADE4
£8,50012/241.32 miMarley View, Coln Waters, Lechlade, Gloucestershire, GL73
£8,50012/241.32 miMarley View, Coln Waters, Lechlade, Gloucestershire, GL73
£26,00012/241.88 miThe Lakes, Coln Waters, Lechlade, GL73
£43,33312/241.88 miLongdoles, Lechlade, GL74
£3,25012/242.26 miSouthrop, Gloucestershire GL7 3NY3

Local Area Statistics

Population in GL7

42,518

Nearest school

0.50 miles away

Nearest train station

9.99 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £260,000

March 28, 2025

Price changed to £279,000

February 8, 2025

Price changed to £280,000

November 30, 2024

Price changed to £299,995

November 13, 2024

Listed for £310,000

October 18, 2024

Floor Plans

Description

  • FULL AND FINAL OFFERS IN WRITING BY 10am ON 22nd APRIL 2025 +
  • In need of some updating and available with no onward chain +
  • Three bedroom semi detached +
  • Kitchen/dining room +
  • Sitting room +
  • Residents' parking area about 20 feet from the back gate +
  • Enclosed gardens and not overlooked +
  • Must be sold +

RIDGEWAY ESTATE AGENTS ARE INVITING FULL AND FINAL OFFERS IN WRITING BY 10am ON 22nd APRIL 2025. A three bed semi detached, available with no onward chain, situated in the popular Cotswold market town of Lechlade on Thames. Situated with a small green to the front, the property itself is largely not overlooked and there is residents' parking about 20 feet from the back gate. The property will require a degree of upgrading.

Additional Information:
Council Tax Band- C
EPC Rating- C
Freehold

Agents' Note - Ridgeway have been instructed to invite offers, in writing, with a closing date of 10am on 22nd April 2025. The vendor reserves the right to accept any offer prior to that time if he so chooses.

Canopied Entrance Porch - Half obscure glazed entrance door with leaded lights.

Entrance Hall - Staircase to first floor. Understairs recess. Radiator.

Cloakroom - Obscure glazed window to front. Suite comprising of a low level WC and wall mounted wash basin. Tiled splashbacks. Radiator.

Sitting Room - 5.33m x 3.05m (17'6" x 10'0") - Patio doors to the garden. Window to front. Cotswold stone feature fireplace with matching stand to side. Radiator.

Kitchen/Dining Room - 4.55m x 3.40m (14'11" x 11'2") - Half obscure glazed door to garden. Window to rear. One and a half bowl single drainer stainless steel sink unit with mixer tap inset into a rolled edge worksurface. Further wall and base units. Tiled splashbacks. Space for an electric cooker with extractor above. Space and plumbing for both a washing machine and dishwasher. Further utility space. Radiator. Walk in larder store.

Landing - Roof access. Built in wardrobe. Built in cupboard. Built in cupboard housing a Worcester boiler for domestic hot water and central heating.

Bedroom One - 3.81m x 3.40m (12'6" x 11'2") - Window to rear. Radiator

Bedroom Two - 3.78m x 3.40m (12'5" x 11'2") - Window to rear. Radiator.

Bedroom Three - 2.74m x 2.26m (9'0" x 7'5") - Window to front. Radiator.

Bathroom - 2.74m x 2.01m (9'0" x 6'7") - Obscure glazed window to front. Refitted as a shower room and now comprising of a shower cubicle, low level WC and pedestal wash basin. Tiled surrounds. Recess shelving. Fitted cupboard.

Outside - The frontage is a traffic free area and overlooks a small green. A gate and pathway lead to the entrance. Privet hedge. Laid to lawn with shrubs. Side pedestrian gate.

The rear garden is enclosed by a conifer hedge and timber fencing. Laid to lawn. Patio. Storage shed. Rear pedestrian gate and pathway leading to the footpath and to the parking area.

Parking - There is parking in the nearby bay.

Lechlade On Thames - Lechlade-on-Thames is a market town at the southern edge of the Cotswolds in Gloucestershire. It is the highest point at which the River Thames is navigable. The town is a popular venue for tourism and river-based activities. There are several pubs, some antique shops, a convenience store, food outlets, a garden centre and a good range of further shops. The 15th century Church of England parish church of Saint Lawrence overlooks the Market Place. The main roads through the town can be busy at peak times as the town is at the crossroads of the A417 and A361. Where the A361 enters the town from the south it crosses the River Thames on Halfpenny Bridge. Another tributary of the Thames, the River Coln, joins the Thames at the Inglesham Round House.

Agent Details

Ridgeway Estate Agents, Lechlade

01367 707051

Next Steps?

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