5 Bed HMO, Cheltenham, GL53 7PL, £325,000

Fairhaven Street, Cheltenham, Gloucestershire, GL53 7PL - 5 views - 4 months ago

Sold STC
HMO
ROI: 10%
~178 m²
+3 photos

ValuationUndervalued

Sold Prices£392K - £3.2M
Sold Prices/m²£2.3K/m² - £9.4K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.8K/m²

Value Estimate

£399,750
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Total Cash In

£95,950

 

 

Cash Out

 

Room Rate

£598

Gross Rent

£2,990

Running Costs/mo

£2,220

Cashflow/mo

£770

Cashflow/yr

£9,240

ROI

10%

Gross Yield

11%

Local Sold Prices

50 sold prices from £392K to £3.2M, average is £920K. £2.3K/m² to £9.4K/m², average is £4.6K/m².

PriceDateDistanceAddressBeds 
£745K12/200.1 mi44, Leckhampton Road, Cheltenham, Gloucestershire GL53 0BB5
£875K12/200.11 mi68, Leckhampton Road, Cheltenham, Gloucestershire GL53 0BG5
£940K06/230.23 mi55, Gratton Road, Cheltenham, Gloucestershire GL50 2BZ5
£560K11/200.27 mi21, Pickering Road, Cheltenham, Gloucestershire GL53 0LF5
£1.1M06/210.31 mi77, Painswick Road, Cheltenham, Gloucestershire GL50 2EX5
£1.4M03/210.32 mi79, Painswick Road, Cheltenham, Gloucestershire GL50 2EX5
£570K09/210.32 mi17, Southcourt Close, Cheltenham, Gloucestershire GL53 0DW5
£780K05/230.34 mi1, Verney Close, Cheltenham, Gloucestershire GL53 7DD5
£1.3M03/230.39 mi26, Moorend Road, Cheltenham, Gloucestershire GL53 0HD5
£890K11/200.42 mi157, Old Bath Road, Cheltenham, Gloucestershire GL53 7DW5
£1.1M09/230.44 mi28, Park Place, Cheltenham, Gloucestershire GL50 2QT5
£1.1M06/230.44 mi34, Park Place, Cheltenham, Gloucestershire GL50 2QT5
£1.2M01/210.44 mi20, Park Place, Cheltenham, Gloucestershire GL50 2QT5
£1.2M01/210.45 mi13, Montpellier Grove, Cheltenham, Gloucestershire GL50 2XB5
£765K10/220.45 mi9, Arden Road, Cheltenham, Gloucestershire GL53 0HG5
£840K02/230.46 mi10, Montpellier Villas, Cheltenham, Gloucestershire GL50 2XE5
£1.2M10/230.54 mi103a, The Park, Cheltenham, Gloucestershire GL50 2RW5
£900K07/230.56 mi30, Keynsham Road, Cheltenham, Gloucestershire GL53 7PX5
£1.5M09/220.59 mi20, Greenhills Road, Charlton Kings, Cheltenham, Gloucestershire GL53 9EB5
£445K08/210.59 mi87, The Park, Cheltenham, Gloucestershire GL50 2RW5
£783.5K03/210.6 mi7, Pilford Close, Cheltenham, Gloucestershire GL53 9HA5
£830K08/230.6 mi19, Church Road, Leckhampton, Cheltenham, Gloucestershire GL53 0PS5
£1.2M10/230.63 mi10, Montpellier Drive, Cheltenham, Gloucestershire GL50 1TX5
£805K11/220.65 mi65, Bath Road, Cheltenham, Gloucestershire GL53 7LH5
£805K12/200.66 mi30, Keynsham Road, Cheltenham, Gloucestershire GL53 7PX5
£612.5K02/210.68 mi71, Southgate Drive, Cheltenham, Gloucestershire GL53 7QR5
£1.3M11/210.7 miMinack House, 14, Rowena Cade Avenue, Cheltenham, Gloucestershire GL50 2LA5
£950K01/210.7 mi85, Andover Road, Cheltenham, Gloucestershire GL50 2TR5
£1.3M10/220.74 mi8, Ellesmere Grove, Cheltenham, Gloucestershire GL50 2QQ5
£1.6M09/210.76 mi3, Sandy Lane Road, Charlton Kings, Cheltenham, Gloucestershire GL53 9DB5
£1.2M06/210.76 miSouthside, Sandy Lane Road, Charlton Kings, Cheltenham, Gloucestershire GL53 9DB5
£843K10/200.77 miRichmond House, 8, Chancel Way, Cheltenham, Gloucestershire GL53 7RR5
£1.1M02/230.78 mi173, London Road, Cheltenham, Gloucestershire GL52 6HN5
£1.2M08/230.79 mi12, Lauriston Park, Cheltenham, Gloucestershire GL50 2QL5
£3.2M06/210.84 miJuniper House, Malvern Road, Cheltenham, Gloucestershire GL50 2JW5
£392K05/210.84 mi3, Keynsham Bank, Cheltenham, Gloucestershire GL52 6ER5
£1.1M01/230.84 mi45, Bournside Road, Cheltenham, Gloucestershire GL51 3AL5
£1.3M12/220.85 mi15, Newcourt Park, Charlton Kings, Cheltenham, Gloucestershire GL53 9AY5
£840K02/240.85 mi2, Littledown Road, Cheltenham, Gloucestershire GL53 9LP5
£860K12/200.85 mi2, Langton Place, Charlton Kings, Cheltenham, Gloucestershire GL53 8HW5
£500K11/210.85 mi50, Haywards Road, Cheltenham, Gloucestershire GL52 6RH5
£1.1M06/230.86 mi7, Sydenham Villas Road, Cheltenham, Gloucestershire GL52 6EG5
£970K03/230.87 mi8, Oxford Street, Cheltenham, Gloucestershire GL52 6DT5
£700K02/210.88 mi28, Cambray Place, Cheltenham, Gloucestershire GL50 1JN5
£800K03/210.89 mi2, Highland Road, Cheltenham, Gloucestershire GL53 9LT5
£770K05/210.9 mi34, Christchurch Road, Cheltenham, Gloucestershire GL50 2PW5
£1.2M12/210.9 mi37, Hatherley Road, Cheltenham, Gloucestershire GL51 6EB5
£835K08/230.95 miSouthdown, 7c, Hartley Close, Charlton Kings, Cheltenham, Gloucestershire GL53 9DN5
£583K10/200.96 mi5, Copt Elm Close, Charlton Kings, Cheltenham, Gloucestershire GL53 8AD5
£1.5M07/220.97 mi26, Queens Road, Cheltenham, Gloucestershire GL50 2LT5

Local Area Statistics

Population in GL53

19,966

Population in Cheltenham

159,223

Town centre distance

0.74 miles away

Nearest school

0.20 miles away

Nearest train station

1.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-35%

Sales demand

Balanced market

Capital growth (5yrs)

+34%

Property History

Listed for £325,000

January 7, 2025

Description

* EXCELLENT INVESTMENT OPPORTUNITY **

An ideal opportunity to acquire a licenced HMO property with a gross yield in place of over 8.5% per annum.
Currently set up as a five way let, this period terrace property is situated in this highly desirable location close to the Bath Road shops, cafes and restaurants and perfect for The Park campus!
Please contact Peter Ball & Co for futher details.

Agent Details

Peter Ball & Co, Cheltenham

01242 395317

Next Steps?

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