4 Bed Detached House, Refurb/BRRR, GL7 1UH, £475,000

54 Alexander Drive, Cirencester, Gloucestershire, GL7 1UH - 1 views - 6 months ago

Sold STC
Refurb/BRRR
~122 m²
+11 photos

ValuationFair Value

Sold Prices£260K - £975K
Sold Prices/m²£2.7K/m² - £13.1K/m²

 

 

Square Metres

~121.70 m²
Price/m²£3.9K/m²

Value Estimate

£483,138

 

 

End Value (After Refurb)

£476,508

Uplift in Value

+0%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£36,200

Refurb Costs

£49,336

Bridging Loan Interest

£12,469

Total Cash In

£218,505

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£476,508

Mortgage (After Refinance)

£357,381

Mortgage LTV

75%

Cash Released

£1,131

Cash Left In

£217,374

Equity

£119,127

Rent Range

£1,100 - £3,000

Rent Estimate

£1,789

Running Costs/mo

£1,867

Cashflow/mo

£-78

Cashflow/yr

£-935

Gross Yield

5%

Local Sold Prices

31 sold prices from £260K to £975K, average is £481.1K. £2.7K/m² to £13.1K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£425K08/210.06 mi8, Alexander Drive, Cirencester, Gloucestershire GL7 1UG4
£430K04/230.06 mi28, Alexander Drive, Cirencester, Gloucestershire GL7 1UG4
£448K11/200.06 mi29, Alexander Drive, Cirencester, Gloucestershire GL7 1UG4
£812.8K06/210.13 mi48a, Somerford Road, Cirencester, Gloucestershire GL7 1TX4
£455K04/210.17 mi63, Foxes Bank Drive, Cirencester, Gloucestershire GL7 1WA4
£760K06/230.26 mi16, Oaklands, Cirencester, Gloucestershire GL7 1FA4
£755K11/200.26 mi21, Oaklands, Cirencester, Gloucestershire GL7 1FA4
£435K12/200.29 mi11, Linacre Crescent, Cirencester, Gloucestershire GL7 1WB4
£504K02/210.3 mi25, The Maples, Cirencester, Gloucestershire GL7 1TQ4
£420K05/210.39 mi5, Morestall Drive, Cirencester, Gloucestershire GL7 1TF4
£260K12/200.4 mi42, Martin Close, Cirencester, Gloucestershire GL7 1XY4
£368.9K05/230.41 mi10, Mount Street, Cirencester, Gloucestershire GL7 1TJ4
£550K06/210.47 mi1, Edgeworth Close, Cirencester, Gloucestershire GL7 1YU4
£545K06/230.49 mi24, Rendcomb Drive, Cirencester, Gloucestershire GL7 1YN4
£500K12/200.58 mi46, Watermoor Road, Cirencester, Gloucestershire GL7 1LD4
£310K02/230.58 mi70, Watermoor Road, Cirencester, Gloucestershire GL7 1LD4
£540K01/230.61 mi24, North Hill Road, Cirencester, Gloucestershire GL7 1PG4
£975K04/230.62 mi1, King Street, Cirencester, Gloucestershire GL7 1JT4
£730K07/230.64 mi4, Chesterton Park, Cirencester, Gloucestershire GL7 1XU4
£272K06/210.66 mi31, Rose Way, Cirencester, Gloucestershire GL7 1PS4
£275K04/210.68 mi8, Prospect Place, Cirencester, Gloucestershire GL7 1EZ4
£740K06/210.7 miThe Garden House, Stonewalls, Victoria Road, Cirencester, Gloucestershire GL7 1EU4
£595K04/210.73 mi54, Chester Street, Cirencester, Gloucestershire GL7 1HG4
£860K05/230.73 miBartonbury Mead, Stroud Road, Cirencester, Gloucestershire GL7 1UZ4
£481.1K10/210.76 mi85, Victoria Road, Cirencester, Gloucestershire GL7 1ES4
£525K01/210.82 mi12, Bingham Close, Cirencester, Gloucestershire GL7 1BG4
£530K05/210.82 mi14, Bingham Close, Cirencester, Gloucestershire GL7 1BG4
£477.5K11/200.95 mi20, Matthews Walk, Cirencester, Gloucestershire GL7 1HL4
£455K06/230.99 mi6, Queen Elizabeth Road, Cirencester, Gloucestershire GL7 1DJ4
£400K12/220.99 mi54, Queen Elizabeth Road, Cirencester, Gloucestershire GL7 1DJ4
£365K12/201 mi81, Queen Elizabeth Road, Cirencester, Gloucestershire GL7 1DH4

Local Rents

25 rents from £1.1K/mo to £3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£2,10012/240.33 miSTUDENT PROPERTY - Springfield Road, Cirencester4
£1,96004/240.34 miBathurst Road, Cirencester, GL74
£1,30004/250.35 mi-3
£1,45012/240.35 miParkland Square, Cirencester, GL74
£1,98004/240.38 miLawrence Road, Cirencester, Gloucestershire, GL74
£1,29504/240.42 miKemble Drive, Cirencester3
£1,29504/240.58 miQueens Head Mews, Cirencester3
£1,65004/240.58 miWatermoor Road GL73
£1,65004/240.62 miQueen Street, Cirencester3
£1,99504/240.66 miCalleva Court, Queen Street3
£2,16012/240.66 miSTUDENT PROPERTY - Victoria Road, Cirencester4
£1,65012/240.66 miVictoria Road, CIRENCESTER3
£2,60012/240.67 miSTUDENT PROPERTY - Rose Way, Cirencester5
£2,12012/240.67 miSTUDENT PROPERTY - City Bank View, Cirencester5
£1,30012/240.68 miCity Bank View, Cirencester, Gloucestershire, GL73
£1,95004/250.72 mi-3
£2,10004/250.72 mi-3
£1,50012/240.76 miCherry Tree Drive, Cirencester, Gloucestershire, GL73
£1,40004/241.03 mi-3
£1,40001/251.03 mi-3
£1,10003/251.1 mi-3
£1,50004/241.11 mi-3
£3,00012/241.12 miDairy Cottages, Siddington4
£1,40004/241.14 miHakeburn Road, Cirencester3
£2,85012/241.23 miSiddington, Near Cirencester4

Local Area Statistics

Population in GL7

42,518

Nearest school

0.20 miles away

Nearest train station

2.97 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £475,000

November 10, 2024

Listed for £500,000

October 30, 2024

Floor Plans

Description

  • Detached Family Home +
  • Four Bedrooms +
  • Two Reception Rooms +
  • Fitted Kitchen +
  • Conservatory / Dining Room +
  • Gas Central Heating & Double Glazing +
  • Garage & Driveway +
  • Enclosed Level Gardens +

NO CHAIN. This detached four bedroom home is tucked away from passing traffic in the Chestertons, a popular suburb on the edge of town. EPC D 68

Tucked away from passing traffic with a quiet cul-de-sac, this four bedroom family home is offered for sale with no onward chain.

The house is in need of some updating / redecoration but has the potential to become a fabulous home.

There is a large three quarters double glazed conservatory which extends the kitchen considerably and could be redesigned to become the hub of the house.

Upstairs there are four bedrooms, three of which are doubles.

The rear garden enjoys a good degree of privacy and is fully enclosed with gated side access.

Living in Cirencester offers a vibrant community, rich history, and stunning countryside. Enjoy local markets, charming shops, and excellent schools. The Cotswold scenery provides ample outdoor activities, while the town's cultural heritage includes museums and festivals. Convenient transport links make it easy to explore nearby cities, enhancing the suburban lifestyle.

Council tax band E £2795.37 2024/25

Agent Details

CJ Hole, Cirencester

01285 704382

Next Steps?

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