3 Bed Semi-Detached House, Refurb/BRRR, Cheltenham, GL52 2HH, £325,000

Selkirk Street, Cheltenham, GL52 2HH - 2 views - 6 months ago

Sold STC

Refurb/BRRR

ROI: 4%

~74 m²

+11 photos

ValuationOvervalued

Sold Prices	£180K - £652.5K
Sold Prices/m²	£2.2K/m² - £6.3K/m²

Square Metres	~74 m²
Price/m²	£4.4K/m²
Value Estimate	£257,986£257,986

End Value (After Refurb)	£293,750£293,750

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£81,250£81,250
Stamp Duty & Legal Fees	£21,200£21,200
Refurb Costs	£31,510£31,510
Bridging Loan Interest	£8,531£8,531
Total Cash In	£144,241£144,241

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£293,750£293,750
Mortgage (After Refinance)	£220,313£220,313
Mortgage LTV	75%75%
Cash Left In	£144,241£144,241
Equity	£73,438£73,438
Rent Range	£950 - £3,800£950 - £3,800
Rent Estimate	£1,721
Running Costs/mo	£1,282£1,282
Cashflow/mo	£439£439
Cashflow/yr	£5,266£5,266
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £180K to £652.5K, average is £390K. £2.2K/m² to £6.3K/m², average is £3.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£360K	03/21	0.05 mi	62, Fairview Street, Cheltenham, Gloucestershire GL52 2JJ	£3,711	97	3	Terraced House
£395K	05/23	0.08 mi	15, Albert Place, Cheltenham, Gloucestershire GL52 2HR	-	-	3	Terraced House
£435K	11/23	0.08 mi	25, Albert Place, Cheltenham, Gloucestershire GL52 2HR	£3,499	124	3	Terraced House
£540K	05/23	0.09 mi	5, Albert Place, Cheltenham, Gloucestershire GL52 2HP	£4,186	129	3	Terraced House
£353.5K	08/23	0.1 mi	36, Fairview Street, Cheltenham, Gloucestershire GL52 2JJ	-	-	3	Terraced House
£353.5K	08/23	0.1 mi	40, Fairview Street, Cheltenham, Gloucestershire GL52 2JJ	-	-	3	Terraced House
£310K	01/24	0.1 mi	68, Fairview Street, Cheltenham, Gloucestershire GL52 2JJ	£3,444	90	3	Terraced House
£315K	02/21	0.1 mi	14, Portland Square, Cheltenham, Gloucestershire GL52 2HU	£3,000	105	3	Terraced House
£405K	02/21	0.1 mi	45, Portland Square, Cheltenham, Gloucestershire GL52 2HS	£3,821	106	3	Terraced House
£652.5K	11/21	0.1 mi	6, St Annes Close, Cheltenham, Gloucestershire GL52 2QJ	-	-	3	Detached House
£525K	03/23	0.11 mi	4, St Annes Close, Cheltenham, Gloucestershire GL52 2QJ	-	-	3	Detached House
£442K	12/22	0.11 mi	2, Winstonian Road, Cheltenham, Gloucestershire GL52 2JE	£4,753	93	3	Semi-Detached House
£290K	12/20	0.11 mi	43, Sherborne Street, Cheltenham, Gloucestershire GL52 2JY	£3,558	82	3	Terraced House
£407.5K	11/20	0.11 mi	51, Winstonian Road, Cheltenham, Gloucestershire GL52 2JD	£3,638	112	3	Semi-Detached House
£360K	12/20	0.11 mi	56, Sherborne Street, Cheltenham, Gloucestershire GL52 2JU	£4,186	86	3	Semi-Detached House
£605K	02/24	0.19 mi	9, All Saints Villas Road, Cheltenham, Gloucestershire GL52 2HB	£5,084	119	3	Bungalow
£390K	06/21	0.19 mi	3, Jersey Avenue, Cheltenham, Gloucestershire GL52 2SZ	-	-	3	Semi-Detached House
£400K	06/21	0.19 mi	30, Jersey Avenue, Cheltenham, Gloucestershire GL52 2SZ	-	-	3	Detached House
£500K	12/20	0.19 mi	7, Jersey Avenue, Cheltenham, Gloucestershire GL52 2SZ	£6,329	79	3	Semi-Detached House
£301.5K	05/23	0.2 mi	39, Whaddon Road, Cheltenham, Gloucestershire GL52 5LZ	£3,428	88	3	Semi-Detached House
£280K	02/21	0.2 mi	24, All Saints Road, Cheltenham, Gloucestershire GL52 2EZ	-	-	3	Terraced House
£390K	12/22	0.2 mi	27, All Saints Road, Cheltenham, Gloucestershire GL52 2EY	£4,588	85	3	Terraced House
£350K	01/23	0.21 mi	25, All Saints Road, Cheltenham, Gloucestershire GL52 2EY	£3,492	100	3	Terraced House
£315K	06/21	0.21 mi	35, All Saints Road, Cheltenham, Gloucestershire GL52 2EY	£3,029	104	3	Terraced House
£465K	01/21	0.22 mi	27, Gloucester Place, Cheltenham, Gloucestershire GL52 2RN	£4,189	111	3	Terraced House
£395K	12/22	0.23 mi	22, Whaddon Road, Cheltenham, Gloucestershire GL52 5NA	-	-	3	Terraced House
£340K	12/20	0.23 mi	3, Landor Gardens, Cheltenham, Gloucestershire GL52 2TB	£3,148	108	3	Terraced House
£390K	12/20	0.24 mi	40, Albert Road, Cheltenham, Gloucestershire GL52 2QX	£4,483	87	3	Terraced House
£444K	01/24	0.24 mi	40, Albert Road, Cheltenham, Gloucestershire GL52 2QX	£5,103	87	3	Terraced House
£315K	06/21	0.25 mi	9, St Annes Terrace, Cheltenham, Gloucestershire GL52 6AP	£3,706	85	3	Terraced House
£362K	02/21	0.26 mi	8, St Annes Terrace, Cheltenham, Gloucestershire GL52 6AL	£4,259	85	3	Terraced House
£445K	05/21	0.28 mi	1, Prince Regent Mews, Cheltenham, Gloucestershire GL52 2AQ	£3,708	120	3	Terraced House
£394K	09/21	0.29 mi	33, Windsor Street, Cheltenham, Gloucestershire GL52 2DG	£4,237	93	3	Terraced House
£180K	03/21	0.3 mi	9, Northfield Terrace, Cheltenham, Gloucestershire GL50 4JJ	£2,172	83	3	Terraced House
£331K	02/23	0.3 mi	16, Northfield Terrace, Cheltenham, Gloucestershire GL50 4JJ	£2,982	111	3	Terraced House
£475K	09/21	0.3 mi	46, Brighton Road, Cheltenham, Gloucestershire GL52 6BA	£4,979	95	3	Terraced House
£455K	01/24	0.3 mi	52, Brighton Road, Cheltenham, Gloucestershire GL52 6BA	£3,792	120	3	Terraced House
£515K	01/21	0.31 mi	68, Windsor Street, Cheltenham, Gloucestershire GL52 2DE	£3,366	153	3	Terraced House
£470K	04/21	0.33 mi	37, All Saints Terrace, Cheltenham, Gloucestershire GL52 6UA	£3,730	126	3	Terraced House
£425K	02/21	0.33 mi	Deanwood Cottage, Pittville Circus Road, Cheltenham, Gloucestershire GL52 2QE	£2,656	160	3	Detached House
£380K	06/21	0.33 mi	46, Hayes Road, Cheltenham, Gloucestershire GL52 2QF	£3,771	101	3	Semi-Detached House
£425K	10/23	0.33 mi	46, Hayes Road, Cheltenham, Gloucestershire GL52 2QF	£4,218	101	3	Semi-Detached House
£370K	01/24	0.34 mi	6, Leighton Road, Cheltenham, Gloucestershire GL52 6BD	£3,592	103	3	Semi-Detached House
£440K	04/23	0.34 mi	52, Leighton Road, Cheltenham, Gloucestershire GL52 6BD	£4,356	101	3	Terraced House
£455K	07/23	0.34 mi	67, Leighton Road, Cheltenham, Gloucestershire GL52 6BD	£3,899	117	3	Terraced House
£390K	06/21	0.34 mi	49, Leighton Road, Cheltenham, Gloucestershire GL52 6BD	£3,519	111	3	Semi-Detached House
£360K	03/23	0.34 mi	51, Leighton Road, Cheltenham, Gloucestershire GL52 6BD	£3,158	114	3	Terraced House
£355K	02/21	0.36 mi	55, Duke Street, Cheltenham, Gloucestershire GL52 6BS	£3,197	111	3	Terraced House
£275.8K	02/23	0.36 mi	5, Duke Street, Cheltenham, Gloucestershire GL52 6BS	-	-	3	Semi-Detached House
£334.8K	06/21	0.36 mi	29, Duke Street, Cheltenham, Gloucestershire GL52 6BS	£3,158	106	3	Terraced House

Local Rents

47 rents from £950/mo to £3.8K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,700	04/24	0.09 mi	Albert Place, Cheltenham, GL52	3	Terraced House
£1,500	04/24	0.09 mi	Columbia Street, Cheltenham	3	Terraced House
£2,100	03/24	0.09 mi	-	3	Terraced House
£1,400	04/24	0.11 mi	Pittville Circus Road, Cheltenham	3	Flat
£1,300	04/24	0.14 mi	Pittville Circus Road, Cheltenham	3	Flat
£1,725	04/24	0.17 mi	Clarence Road, Cheltenham	3	Flat
£1,495	04/24	0.17 mi	Pittville Circus Road, Pittville, Cheltenham, GL52	3	Flat
£1,450	04/24	0.18 mi	Victoria place GL52	3	Terraced House
£1,900	02/24	0.19 mi	-	3	Terraced House
£1,800	04/25	0.19 mi	-	3	Terraced House
£1,200	03/24	0.19 mi	Victoria Place, Cheltenham, GL52	3	Terraced House
£1,500	04/24	0.22 mi	Fairview Road, Cheltenham GL52 2EX	3	Terraced House
£1,295	04/24	0.23 mi	-	3	Flat
£1,295	04/25	0.23 mi	-	3	Flat
£1,295	04/24	0.23 mi	Portland Street, Cheltenham, GL52	3	Flat
£1,700	04/24	0.23 mi	Landor Gardens, Cheltenham, Gloucestershire, GL52	3	Flat
£2,250	04/24	0.24 mi	24, Wellington Lane, Cheltenham GL50 4JF	3	Flat
£1,600	04/24	0.25 mi	Wellington Lane, Cheltenham	N/A	House
£1,050	04/24	0.25 mi	Fairview GL52 6AL	3	Flat
£1,300	04/24	0.26 mi	Hewlett Road, Cheltenham, Gloucestershire, GL52	3	Semi-Detached House
£1,650	04/24	0.32 mi	Leighton Road, Cheltenham, Gloucestershire, GL52	3	Terraced House
£1,999	12/24	0.34 mi	-	3	Detached House
£1,799	04/24	0.38 mi	-	3	Detached House
£1,799	04/24	0.38 mi	Wellesley Road, Cheltenham, GL50	3	Detached House
£3,250	04/24	0.38 mi	Carlton Street, Cheltenham GL52 6AQ	3	Terraced House
£2,650	04/24	0.38 mi	Carlton Street, Cheltenham GL52 6AQ	3	Terraced House
£1,700	04/24	0.39 mi	Wellington Square, Cheltenham, GL50	3	Flat
£1,750	03/25	0.39 mi	-	3	Detached House
£1,300	04/24	0.39 mi	Whaddon Road, Cheltenham	3	Semi-Detached House
£3,800	12/24	0.4 mi	-	3	Terraced House
£1,600	12/24	0.4 mi	-	3	Terraced House
£3,550	05/24	0.41 mi	-	3	Detached House
£1,250	12/24	0.42 mi	Wymans Road, Cheltenham	3	Semi-Detached House
£1,150	04/24	0.42 mi	St. Pauls Road, Cheltenham	3	Terraced House
£1,495	05/24	0.45 mi	Courtenay Street Cheltenham GL50	3	Terraced House
£1,200	04/24	0.47 mi	Swindon Road Cheltenham	3	Flat
£950	04/24	0.5 mi	-	3	Semi-Detached House
£1,600	04/24	0.5 mi	Hales Road Cheltenham	3	Flat
£2,100	04/24	0.52 mi	Cranham Road, Cheltenham	3	Semi-Detached House
£1,350	02/25	0.52 mi	-	3	Terraced House
£1,100	04/24	0.54 mi	Flat 1, 22 Bath Parade, Cheltenham, Gloucestershire, GL53 7HN	3	Flat
£1,600	04/24	0.54 mi	Hales Road, Cheltenham, GL52	3	Detached House
£1,950	03/24	0.58 mi	London Road, Cheltenham, GL52	3	Flat
£1,950	12/24	0.58 mi	-	3	Flat
£1,400	04/24	0.6 mi	New Street, Cheltenham GL50 3LP	3	Flat
£1,750	03/25	0.61 mi	-	3	Flat
£2,200	04/25	0.61 mi	-	3	Terraced House

Local Area Statistics

Population in GL52	42,91842,918
Population in Cheltenham	159,223159,223
Town centre distance	1.05 miles away1.05 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.50 miles away1.50 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+38%+38%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+21%+21%

Property History

Price changed to £325,000

December 26, 2024

Listed for £339,500

November 1, 2024

Floor Plans

Description

Virtual tour available in tab above +
3 bedroom end -terrace +
Gas central heating +
Enclosed rear garden +
Potential to add value +
Sought-after location +
Double glazing +
Near to Pittville Park +
Walking distance to town +
Ideal family home +

Three bedroom end- terrace home bordering the sought-after Pittville and Fairview locations with front and rear gardens. This property could benefit from modernisation but will make a beautiful family home in a fantastic location just a short walk to Pittville Park and Cheltenham's town centre. The accommodation comprises; spacious entrance hall, large living room to front aspect, separate kitchen which leads on to a separate dining room to the rear aspect. Upstairs a landing area has doors to two double bedrooms, a further single bedroom and modern bathroom. Externally the property boasts front and rear gardens with side access. Further benefits include: Gas central heating (Worcester boiler installed 2021), double glazing, cavity wall insulation, front and rear gardens with side access, permit parking on road. EPC rating: D. Tenure: Freehold,

Agent Details

Belvoir Sales, Cheltenham

01242 386320

Next Steps?

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

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