3 Bed Terraced House, Refurb/BRRR, GL7 2BH, £290,000

32 Coxwell Street, Cirencester, GL7 2BH - 5 months ago

Refurb/BRRR
ROI: 1%
~79 m²
+8 photos

ValuationFair Value

Sold Prices£250K - £750K
Sold Prices/m²£2.8K/m² - £10.6K/m²

 

 

Square Metres

~78.50 m²
Price/m²£3.7K/m²

Value Estimate

£290,000

 

 

End Value (After Refurb)

£327,592

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£20,200

Refurb Costs

£31,823

Bridging Loan Interest

£7,613

Total Cash In

£133,886

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£327,592

Mortgage (After Refinance)

£245,694

Mortgage LTV

75%

Cash Released

£28,194

Cash Left In

£105,692

Equity

£81,898

Rent Range

£1,100 - £2,100

Rent Estimate

£1,452

Running Costs/mo

£1,334

Cashflow/mo

£118

Cashflow/yr

£1,414

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £250K to £750K, average is £412.5K. £2.8K/m² to £10.6K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£508K07/230.13 mi22, Gloucester Street, Cirencester, Gloucestershire GL7 2DG3
£337K01/210.14 mi18, Gloucester Street, Cirencester, Gloucestershire GL7 2DG3
£270K02/210.17 mi18, Estcote Road, Cirencester, Gloucestershire GL7 2DB3
£250K10/200.17 mi20, Estcote Road, Cirencester, Gloucestershire GL7 2DB3
£275K05/230.17 mi9, Hakeburn Road, Cirencester, Gloucestershire GL7 2DD3
£600K12/200.2 mi3, Mill Place, Cirencester, Gloucestershire GL7 2BG3
£295K05/210.22 mi20, Blake Road, Cirencester, Gloucestershire GL7 2EG3
£315K05/230.22 mi27, Hereward Road, Cirencester, Gloucestershire GL7 2EH3
£370K05/230.26 miAelia Cottage, 76, Gloucester Street, Cirencester, Gloucestershire GL7 2DR3
£480K03/210.27 mi169, Gloucester Street, Cirencester, Gloucestershire GL7 2DP3
£439K01/210.27 mi141, Gloucester Street, Cirencester, Gloucestershire GL7 2DP3
£550K03/210.27 mi167, Gloucester Street, Cirencester, Gloucestershire GL7 2DP3
£325K04/210.29 mi17, Ashcroft Road, Cirencester, Gloucestershire GL7 1RA3
£325K11/200.3 mi6, Ashcroft Gardens, Cirencester, Gloucestershire GL7 1RB3
£740K05/230.33 mi2, Shepherds Way, Cirencester, Gloucestershire GL7 2EY3
£265K03/210.34 mi31, Ashcroft Gardens, Cirencester, Gloucestershire GL7 1RD3
£470K03/210.37 mi23a, Chesterton Park, Cirencester, Gloucestershire GL7 1XU3
£531.5K11/220.38 mi63, Corinium Gate, Cirencester, Gloucestershire GL7 2PX3
£540K12/200.39 mi23, Querns Lane, Cirencester, Gloucestershire GL7 1RL3
£465K11/220.4 mi36, Shepherds Way, Cirencester, Gloucestershire GL7 2ET3
£434.8K09/210.4 mi79, Corinium Gate, Cirencester, Gloucestershire GL7 2PX3
£457.5K07/230.4 mi67, Corinium Gate, Cirencester, Gloucestershire GL7 2PX3
£420K03/210.4 mi41, Corinium Gate, Cirencester, Gloucestershire GL7 2PX3
£275K08/210.4 mi58, Bowling Green Crescent, Cirencester, Gloucestershire GL7 2HA3
£275K08/210.4 mi58, Bowling Green Crescent, Cirencester, Gloucestershire GL7 2HA3
£335K11/200.42 mi12, Bowling Green Road, Cirencester, Gloucestershire GL7 2EZ3
£590K11/220.43 mi18, Tower Street, Cirencester, Gloucestershire GL7 1EF3
£465K05/210.44 mi12, Tower Street, Cirencester, Gloucestershire GL7 1EF3
£405K04/230.45 mi59, Shepherds Way, Cirencester, Gloucestershire GL7 2EU3
£590K09/230.45 mi28, Bingham Close, Cirencester, Gloucestershire GL7 1HJ3
£575K01/230.45 mi22, Bingham Close, Cirencester, Gloucestershire GL7 1HJ3
£750K05/230.47 mi9, Victoria Road, Cirencester, Gloucestershire GL7 1EN3
£250K06/230.49 mi34, Bowling Green Lane, Cirencester, Gloucestershire GL7 2DY3
£379K10/210.5 mi54, Purley Road, Cirencester, Gloucestershire GL7 1EP3
£370K02/230.5 mi44, Purley Road, Cirencester, Gloucestershire GL7 1EP3
£360K11/200.5 mi56, Purley Road, Cirencester, Gloucestershire GL7 1EP3
£490K05/230.53 mi2, Purley Avenue, Cirencester, Gloucestershire GL7 1EW3
£285K03/210.53 mi2, Purley Avenue, Cirencester, Gloucestershire GL7 1EW3
£450K12/200.55 mi15, Somerford Road, Cirencester, Gloucestershire GL7 1TP3
£363K06/230.55 mi8, Somerford Road, Cirencester, Gloucestershire GL7 1TN3
£310K07/230.56 mi22, Lavender Lane, Cirencester, Gloucestershire GL7 1PP3
£380K12/200.57 mi69, Purley Road, Cirencester, Gloucestershire GL7 1ER3
£365K06/210.57 mi79, Purley Road, Cirencester, Gloucestershire GL7 1ER3
£365K06/210.58 mi79, Purley Road, Cirencester, Gloucestershire GL7 1ER3
£350K11/200.59 mi14, Cotswold Close, Cirencester, Gloucestershire GL7 1XR3
£442K03/210.6 mi71, Victoria Road, Cirencester, Gloucestershire GL7 1ES3
£442K03/210.6 mi53, Victoria Road, Cirencester, Gloucestershire GL7 1ES3
£440K04/210.6 mi37a, Mount Street, Cirencester, Gloucestershire GL7 1TJ3
£550K03/210.61 mi40, Somerford Road, Cirencester, Gloucestershire GL7 1TW3
£520K09/230.61 mi27, Chesterton Park, Cirencester, Gloucestershire GL7 1XU3

Local Rents

22 rents from £1.1K/mo to £2.1K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,40004/240.17 miHakeburn Road, Cirencester3
£1,95004/250.47 mi-3
£2,10004/250.47 mi-3
£1,30004/250.67 mi-3
£1,29504/240.69 miQueens Head Mews, Cirencester3
£1,65004/240.69 miWatermoor Road GL73
£1,65012/240.74 miVictoria Road, CIRENCESTER3
£1,65004/240.76 miQueen Street, Cirencester3
£1,50012/240.77 miChurn Meadows, Cirencester3
£1,99504/240.78 miCalleva Court, Queen Street3
£1,30012/240.82 miCity Bank View, Cirencester, Gloucestershire, GL73
£1,29504/240.86 miKemble Drive, Cirencester3
£1,50004/240.99 miMoss Way, Cirencester, Gloucestershire, GL73
£1,50004/240.99 mi-3
£1,40001/251 mi-3
£1,60012/241.01 miForstall Way, Cirencester, Gloucestershire, GL73
£1,40004/241.01 mi-3
£1,10003/251.09 mi-3
£1,25012/241.09 miStratton Heights, Cirencester, Gloucestershire, GL73
£1,19512/241.15 miStratton Heights, CIRENCESTER3
£1,65012/241.16 miClappen Close, Cirencester, Gloucestershire, GL73
£1,25012/241.16 miStratton Heights, Cirencester3

Local Area Statistics

Population in GL7

42,518

Nearest school

0.10 miles away

Nearest train station

3.66 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £290,000

December 6, 2024

Floor Plans

Description

A charming, Grade II listed, Cotswold Cottage in need of complete modernisation and situated in the historic heart of the town.

Directions - Coxwell Street is situated in the heart of Cirencester, it is a one way street accessed from Thomas Street and leading to Dollar Street and Gosditch Street.

What3words - ///gripes.awesome.racetrack

Location - 32 Coxwell Street is situated in the historic part of Cirencester, a short walk from the centre of the town, the impressive Parish Church of St. John and the amenity of the Abbey Grounds.
Cirencester has an excellent range of shops including national retailers and boutique outlets alike. It also has a wide variety of hostelries, including public houses, restaurants, sandwich bars and tea rooms. In addition it has a good range of well known supermarkets and convenience stores and other retailers and businesses are located on the Love Lane industrial estate.

Kemble main line station is approximately 5 miles away and has a mainline service to London Paddington via Swindon and Reading.

The areas major commercial and cultural centres of Swindon, Cheltenham and Gloucester are within a 20 mile radius.

Junctions 15 of the M4 and 11A of the M5 are accessed via the A417.

Description - 32 Coxwell Street is a Grade II listed mid terrace property. It is constructed predominantly of natural Cotswold stone under a natural Cotswold stone slate roof to the front and a slate roof to the rear. The property has been extended partly in brick and partly rendered under a part mono pitched slate and part flat roof.

The property has flexible accommodation and now leads itself to complete modernisation.

Accommodation - A shared passage leading to small outside area with a Cupboard/Storage.

Front door with central glazed panel to

Staircase Hall - Including stairs to the first floor. Two wall light points.

Sitting Room - Fireplace fitted with a coal effect gas fire with inner tiled surround and decorative outer surround. Arched display niche, further display niche with timber lintel above, beamed ceiling, casement window with window shutters and window seat, wall light point.

Kitchen - Stainless steel sink unit with mixer tap set within a timber surround with a cupboard below. Space and plumbing for a washing machine and separate space and plumbing for a slimline dishwasher. Space for cooker. Further timber work surface with a range of drawers and cupboards below and matching eyelevel cupboards above. Space for upright fridge/freezer. Wall mounted SUPRIMA gas fired central heating boiler.

Glazed panelled door to

Bedroom 3 - Including a built in wardrobe cupboard. Tiled floor, casement window and a pair of glazed panelled doors to the terraced garden.

Ensuite Shower Room - 2.16m x 0.79m (7'1" x 2'7") - Comprising shower cubicle fitted with a Mira sport shower, wash hand basin with mixer tap and tiled splashback with cupboard beneath. Low level w.c. wall mounted heated towel rail.

First Floor - Landing with airing cupboard with copper hot water cylinder.

Bedroom 1 - Built in cupboard, casement window with window seat.

Bedroom 2 - Plus cupboard above stairs bulkhead. Telephone point.

Bathroom - 2.06m x 1.57m (6'9" x 5'2") - Matching white suite comprising painted panelled bath with a Hydroflo electric shower. Tiled surround, low level w.c. pedestal wash hand basin with chrome mixer taps, heated towel rail.

Outside - The front door is off the passageway and a gate leads to a small area of outside space and attached cupboard/storage.

There is a courtyard garden with paving and surrounded by variegated ivy and honeysuckle, it is approached from the ground floor bedroom and measures 12’ x 8’.

Services - Mains Gas, Electricity, Water and Drainage are connected. Please Note: We have not tested any equipment, appliances or services in this property. Prospective purchasers are advised to commission appropriate investigations prior to formulating their offer to purchase.

Council Tax - Council Tax band D. Rates Payable for 2024/2025: £2,287.12.

Local Authority - Cotswold District Council, Trinity Road, Cirencester, Gloucestershire GL7 1PX (Tel: )

Tenure - Freehold.

Agent Details

Tayler & Fletcher, Stow-On-The-Wold

01451 604058

Next Steps?

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