4 Bed Detached House, Refurb/BRRR, GL7 4LQ, £490,000

St. Marys Drive, Fairford, GL7 4LQ - 4 months ago

Sold STC

Refurb/BRRR

~150 m²

+11 photos

ValuationFair Value

Sold Prices	£320K - £2.4M
Sold Prices/m²	£2.2K/m² - £6.3K/m²

Square Metres	~150.30 m²
Price/m²	£3.3K/m²
Value Estimate	£492,705£492,705

End Value (After Refurb)	£517,500£517,500
Uplift in Value	+6%+6%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£122,500£122,500
Stamp Duty & Legal Fees	£40,200£40,200
Refurb Costs	£60,931£60,931
Bridging Loan Interest	£12,863£12,863
Total Cash In	£238,243£238,243

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£517,500£517,500
Mortgage (After Refinance)	£388,125£388,125
Mortgage LTV	75%75%
Cash Released	£20,625£20,625
Cash Left In	£217,618£217,618
Equity	£129,375£129,375
Rent Range	£875 - £43,333£875 - £43,333
Rent Estimate	£1,773
Running Costs/mo	£1,992£1,992
Cashflow/mo	£-219£-219
Cashflow/yr	£-2,625£-2,625
Gross Yield	4%4%

Local Sold Prices

22 sold prices from £320K to £2.4M, average is £591K. £2.2K/m² to £6.3K/m², average is £3.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£615K	03/23	0.01 mi	18, St Marys Drive, Fairford, Gloucestershire GL7 4LQ	£3,968	155	4	Detached House
£665K	02/23	0.03 mi	5, Crabtree Park, Fairford, Gloucestershire GL7 4LT	-	-	4	Detached House
£640K	02/23	0.04 mi	7, Crabtree Park, Fairford, Gloucestershire GL7 4LT	-	-	4	Detached House
£320K	07/23	0.1 mi	43, John Tame Close, Fairford, Gloucestershire GL7 4NP	£3,556	90	4	Semi-Detached House
£335K	04/21	0.19 mi	27, Queens Field, Fairford, Gloucestershire GL7 4JP	-	-	4	Terraced House
£320K	01/23	0.22 mi	52, Aldsworth Close, Fairford, Gloucestershire GL7 4LB	£2,560	125	4	Detached House
£975K	05/23	0.24 mi	(hathaway), London Road, Fairford, Gloucestershire GL7 4AR	-	-	4	Detached House
£395K	11/20	0.51 mi	11, Moor Lane, Fairford, Gloucestershire GL7 4AL	£2,801	141	4	Semi-Detached House
£567K	11/21	0.81 mi	Nirvana, Milton Place, Fairford, Gloucestershire GL7 4HS	£4,805	118	4	Detached House
£368K	03/21	0.82 mi	7, Faulkners Close, Fairford, Gloucestershire GL7 4DE	£2,230	165	4	Semi-Detached House
£530K	04/21	0.84 mi	Wayside, Totterdown Lane, Fairford, Gloucestershire GL7 4DF	£3,081	172	4	Detached House
£460K	11/21	0.97 mi	1, Lambe Close, Fairford, Gloucestershire GL7 4FL	-	-	4	Detached House
£2.4M	03/21	1.74 mi	Quenington House, Mawley Road, Quenington, Cirencester, Gloucestershire GL7 5BH	-	-	4	Detached House
£815K	09/23	2.05 mi	11, Painters Field, Quenington, Cirencester, Gloucestershire GL7 5DL	£6,318	129	4	Detached House
£1.6M	01/23	2.31 mi	4, Main Street, Coln St Aldwyns, Cirencester, Gloucestershire GL7 5AN	-	-	4	Semi-Detached House
£495K	01/23	2.44 mi	11, Elizabeth Gardens, Meysey Hampton, Cirencester, Gloucestershire GL7 5LP	£3,278	151	4	Detached House
£1.6M	03/23	2.46 mi	36, Bibury Road, Coln St Aldwyns, Cirencester, Gloucestershire GL7 5AW	-	-	4	Detached House
£875K	02/23	2.75 mi	Grey Gables, Reevey, Kempsford, Fairford, Gloucestershire GL7 4HD	-	-	4	Detached House
£463.7K	04/21	2.79 mi	2, The Farriers, Southrop, Lechlade, Gloucestershire GL7 3RL	£3,832	121	4	Semi-Detached House
£645K	01/21	2.79 mi	3, The Knoll, Kempsford, Fairford, Gloucestershire GL7 4NN	-	-	4	Detached House
£635K	06/23	2.89 mi	Sintra, High Street, Kempsford, Fairford, Gloucestershire GL7 4EQ	-	-	4	Detached House
£447K	01/21	2.92 mi	6, Holford Crescent, Kempsford, Fairford, Gloucestershire GL7 4EP	£2,776	161	4	Detached House

Local Rents

20 rents from £875/mo to £43.3K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,250	04/24	0.09 mi	Leafield Road, GL7	2	Detached House
£1,350	04/24	0.11 mi	-	3	Flat
£1,350	04/24	0.11 mi	John Tame Close, Fairford, GL7	3	Detached House
£875	04/24	0.28 mi	Manor Court	1	Flat
£5,500	12/24	0.44 mi	Fairford, Gloucestershire	6	Detached House
£1,300	12/24	0.49 mi	-	3	Semi-Detached House
£1,400	04/24	0.57 mi	Fairford	3	Flat
£1,500	12/24	1.68 mi	Quenington, Gloucestershire	3	Semi-Detached House
£26,000	12/24	1.72 mi	The Lakes, Coln Waters, Lechlade, GL7	3	Flat
£43,333	12/24	1.72 mi	Longdoles, Lechlade, GL7	4	Flat
£8,333	03/25	1.74 mi	-	7	Detached House
£2,200	12/24	1.83 mi	The Green, Quenington	5	Semi-Detached House
£1,750	12/24	1.9 mi	Fairford	3	Flat
£1,495	12/24	2.02 mi	7 Fowlers Hill, Quenington, Cirencester	3	Terraced House
£1,695	12/24	2.05 mi	-	3	Semi-Detached House
£5,495	02/25	2.07 mi	Welsh Way, Honeycombe Leaze	6	Flat
£2,995	04/24	2.23 mi	Hatherop, Gloucestershire	3	Detached House
£8,500	12/24	2.27 mi	Marley View, Coln Waters, Lechlade, Gloucestershire, GL7	3	Flat
£8,500	12/24	2.27 mi	Marley View, Coln Waters, Lechlade, Gloucestershire, GL7	3	Flat
£1,795	12/24	2.41 mi	-	2	Terraced House

Local Area Statistics

Population in GL7	42,51842,518
Nearest school	0.20 miles away0.20 miles away
Nearest train station	10.10 miles away10.10 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+18%+18%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+18%+18%

Property History

Listed for £490,000

December 24, 2024

Floor Plans

Description

SOLD OFF MARKET!

This 4-bedroom detached home offers the ideal opportunity for keen renovators and project lovers. Tailor-make your own family home!

Located in the heart of the Cotswolds, this spacious 4-bedroom detached property is nestled in a quiet cul-de-sac in the desirable market town of Fairford.

This nestled home comes with four great sized bedrooms. Including 3 doubles and 1 with an en-suite, offering ample space for families of all sizes. With UPVC double glazing throughout.

The family bathroom has neutral décor with an over-bath shower, WC, and vanity sink unit.

Living/Dining Room is cozy and welcoming, with plenty of space. Along side the living room you will be welcoomed with a wood burner, which then leads you to the kitchen and conservatory, creating a warm and light-filled environment.

Fully functioning kitchen with lots of potential to become the standout feature of any renovation project.

A Large Utility Room, with plenty of space for laundry and additional storage. There is also the option to knock through into the kitchen to create a large open-plan area. Access to the garage is also provided.

Enclosed, Sizeable Rear Garden, the perfect outdoor space for families and pets.

Agent Details

Location Real Estate, Swindon

01793 387121

Next Steps?

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