3 Bed Bungalow, Refurb/BRRR, GL7 6HY, £350,000

38 Meadow Way, South Cerney, Cirencester, GL7 6HY - 6 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~77 m²
+15 photos

ValuationOvervalued

Sold Prices£272K - £650K
Sold Prices/m²£3K/m² - £5.8K/m²

 

 

Square Metres

~77.40 m²
Price/m²£4.5K/m²

Value Estimate

£252,875

 

 

End Value (After Refurb)

£358,750

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£23,700

Refurb Costs

£31,377

Bridging Loan Interest

£9,188

Total Cash In

£153,515

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£358,750

Mortgage (After Refinance)

£269,063

Mortgage LTV

75%

Cash Released

£6,563

Cash Left In

£146,952

Equity

£89,688

Rent Range

£825 - £5,400

Rent Estimate

£1,993

Running Costs/mo

£1,540

Cashflow/mo

£453

Cashflow/yr

£5,440

ROI

4%

Gross Yield

7%

Local Sold Prices

21 sold prices from £272K to £650K, average is £393K. £3K/m² to £5.8K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£350K10/210.05 mi29, Meadow Way, South Cerney, Cirencester, Gloucestershire GL7 6HY3
£272K10/210.06 mi38, Riverway, South Cerney, Cirencester, Gloucestershire GL7 6HZ3
£375K08/230.06 mi12, Riverway, South Cerney, Cirencester, Gloucestershire GL7 6HZ3
£400K07/230.06 mi13, Riverway, South Cerney, Cirencester, Gloucestershire GL7 6HZ3
£293.5K03/210.07 mi17, Jubilee Gardens, South Cerney, Cirencester, Gloucestershire GL7 5XW3
£393K11/220.12 miCharlswood, High Street, South Cerney, Cirencester, Gloucestershire GL7 5UP3
£300K01/210.14 mi3, The Paddock, South Cerney, Cirencester, Gloucestershire GL7 5XB3
£430K07/230.15 mi8, Churn Close, South Cerney, Cirencester, Gloucestershire GL7 6HX3
£650K06/210.17 miCornerstones Cottage, School Lane, South Cerney, Cirencester, Gloucestershire GL7 5TX3
£432K12/220.21 mi5, Broadway Lane, South Cerney, Cirencester, Gloucestershire GL7 5UH3
£620K07/230.25 miOld Paddock, Ham Lane, South Cerney, Cirencester, Gloucestershire GL7 5UF3
£430K11/200.31 miThe Willows, Broadway Lane, South Cerney, Cirencester, Gloucestershire GL7 5UH3
£490K02/230.41 mi20, Teal Way, South Cerney, Cirencester, Gloucestershire GL7 5WL3
£480K03/230.5 mi10, The Lennards, South Cerney, Cirencester, Gloucestershire GL7 5UX3
£320K06/230.5 mi28, The Lennards, South Cerney, Cirencester, Gloucestershire GL7 5UX3
£299.9K03/210.5 mi45, The Lennards, South Cerney, Cirencester, Gloucestershire GL7 5UX3
£385K03/210.5 mi21, The Lennards, South Cerney, Cirencester, Gloucestershire GL7 5UX3
£530K08/210.61 mi2, Kingfisher Place, South Cerney, Cirencester, Gloucestershire GL7 5TG3
£363K11/200.61 mi5, Kingfisher Place, South Cerney, Cirencester, Gloucestershire GL7 5TG3
£620K06/210.62 miBrookside, Robert Franklin Way, South Cerney, Cirencester, Gloucestershire GL7 5UD3
£362K06/230.62 mi16, Robert Franklin Way, South Cerney, Cirencester, Gloucestershire GL7 5UD3

Local Rents

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

RentDateDistanceAddressBeds 
£82512/240.21 miThe Laurels, SOUTH CERNEY1
£2,30004/240.28 miSudeley Drive, South Cerney, GL74
£2,30012/240.28 miSudeley Drive, South Cerney4
£1,39512/240.29 miWinchcombe Gardens, SOUTH CERNEY3
£1,50012/240.3 miWinchcombe Gardens, South Cerney, GL73
£3,00004/240.31 miCastle Gate | South Cerney4
£1,59504/240.31 miNightingale Way, SOUTH CERNEY4
£95012/240.41 miBeverstone Road, South Cerney, Gloucestershire3
£2,25012/240.49 miThe Lennards, South Cerney5
£1,47504/240.52 miThe Lennards, SOUTH CERNEY3
£1,20004/240.63 miRobert Franklin Way, South Cerney, Cirencester3
£1,75004/240.83 miSouth Cerney, Cirencester4
£1,30004/251.11 mi-3
£3,85004/251.42 mi-3
£2,00009/241.48 miOld Dairy4
£2,60004/241.49 miGL74
£2,00004/241.58 miSpine Road East, GL73
£1,40012/241.84 miKent End, Ashton Keynes2
£1,40001/251.87 mi-2
£1,30002/241.89 mi-3
£1,30005/241.89 mi-3
£1,40005/241.89 mi-3
£2,85012/241.94 miSiddington, Near Cirencester4
£1,39512/241.95 miEwen, Gloucestershire2
£3,00012/241.96 miDairy Cottages, Siddington4
£1,35009/242 miThe Mead, Ashton Keynes3
£1,47504/242.03 miArlingdon Fields, Somerford Keynes2
£1,60001/252.11 mi-3
£5,40003/242.2 mi-4
£1,50012/242.26 miCherry Tree Drive, Cirencester, Gloucestershire, GL73
£1,37504/252.31 mi-2
£4,75012/242.33 miPreston, Cirencester, Gloucestershire1

Local Area Statistics

Population in GL7

42,518

Nearest school

0.20 miles away

Nearest train station

3.78 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £350,000

January 31, 2025

Listed for £375,000

November 6, 2024

Floor Plans

Description

  • Detached Bungalow +
  • Three Bedrooms +
  • Scope to Extend +
  • Garage & Driveway +
  • Requires Modernisation +
  • No Chain +

Spacious 3-Bedroom Detached Bungalow in Meadow Way, South Cerney – Full of Potential and Ready for Transformation!

Welcome to Meadow Way – a rare opportunity to own a 3-bedroom detached bungalow in a peaceful South Cerney location, with tons of potential to make it your own! With driveway parking, a single garage, and a generous plot size, this property is a blank canvas waiting for the right buyer to transform it into a dream home.

Property Features:

Driveway Parking & Single Garage – With ample off-street parking and a single garage, there's no shortage of space for cars, storage, or even potential for a garage conversion!

Three Spacious Bedrooms – Offering two doubles and a single, the bedrooms are well-proportioned and filled with natural light. Whether you're a growing family or looking for a single-level home, this bungalow has the space you need.

Scope for Extension – With many neighbouring properties extending to the back and into the loft, there's excellent potential to add significant value. The large loft area is ripe for conversion, and with a rear extension, you could create a fantastic open-plan living space overlooking the garden.

Requires Modernisation – Bring your vision and style to modernise this home throughout! Perfect for those wanting to put their stamp on a property, it's a great opportunity to design every room to your exact taste.

Generous Rear Garden – The back garden provides ample space for landscaping, a veggie patch, or outdoor entertaining area. It's a peaceful setting, ideal for relaxing or enjoying time with family.

No Onward Chain – Move quickly and make this project your own, with no onward chain to delay your plans!

Location: Meadow Way, South Cerney Situated in the heart of South Cerney, this property enjoys a quiet, residential setting with easy access to local amenities, shops, schools, and scenic countryside walks. Perfectly placed within the Cotswold Water Park area, you'll enjoy the best of both village living and outdoor activities.

Ideal for Families, Downsizers & Investors Alike Whether you're looking to create a family home, downsize to single-story living, or invest in a fantastic renovation project, this bungalow offers endless potential to suit all your needs.

Call EweMove South Cerney today to arrange your viewing – don't miss the chance to make this home truly yours!

Agent Details

EweMove, Covering Cirencester, Swindon & Malmesbury

01285 704380

Next Steps?

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