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3 Bed Bungalow, Refurb/BRRR, Cheltenham, GL51 3RA, £320,000

Farmfield Road, Cheltenham, Gloucestershire, GL51 3RA - 4 months ago

Refurb/BRRR
ROI: 5%
~69 m²
+10 photos

ValuationOvervalued

Sold Prices£191K - £595K
Sold Prices/m²£2.3K/m² - £7.5K/m²

 

 

Square Metres

~68.90 m²
Price/m²£4.6K/m²

Value Estimate

£249,898

 

 

End Value (After Refurb)

£275,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£80,000

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£29,338

Bridging Loan Interest

£8,400

Total Cash In

£140,188

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£275,750

Mortgage (After Refinance)

£206,813

Mortgage LTV

75%

Cash Left In

£140,188

Equity

£68,938

Rent Range

£1,295 - £3,000

Rent Estimate

£1,766

Running Costs/mo

£1,235

Cashflow/mo

£531

Cashflow/yr

£6,373

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £191K to £595K, average is £341K. £2.3K/m² to £7.5K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£355K03/210.08 mi72, Farmfield Road, Cheltenham, Gloucestershire GL51 3RA3
£400K02/230.09 mi17, Wells Close, Cheltenham, Gloucestershire GL51 3BX3
£345K05/230.13 mi25, Sissinghurst Grove, Up Hatherley, Cheltenham, Gloucestershire GL51 3FA3
£335K12/200.14 mi142, Farmfield Road, Cheltenham, Gloucestershire GL51 3RB3
£390K04/230.14 mi142, Farmfield Road, Cheltenham, Gloucestershire GL51 3RB3
£372K09/230.15 mi24, Oxford Way, Cheltenham, Gloucestershire GL51 3HJ3
£350K09/230.17 mi15, Oxford Way, Cheltenham, Gloucestershire GL51 3HH3
£400K07/230.17 mi2, Lichfield Drive, Cheltenham, Gloucestershire GL51 3DH3
£420K10/230.17 mi10, Lichfield Drive, Cheltenham, Gloucestershire GL51 3DH3
£363K05/230.18 mi126, Salisbury Avenue, Cheltenham, Gloucestershire GL51 3BY3
£388K06/210.18 mi9, St Davids Close, Cheltenham, Gloucestershire GL51 3HL3
£515K04/230.19 mi11, Hillier Drive, Up Hatherley, Cheltenham, Gloucestershire GL51 3WE3
£425K03/230.19 mi1, Gardenia Grove, Up Hatherley, Cheltenham, Gloucestershire GL51 3HR3
£365K09/230.19 mi6, Salisbury Avenue, Cheltenham, Gloucestershire GL51 3BS3
£345K02/230.2 mi27, Chelmsford Avenue, Cheltenham, Gloucestershire GL51 3DL3
£293K05/210.2 mi1, Barwick Road, Up Hatherley, Cheltenham, Gloucestershire GL51 3UY3
£242.5K05/210.21 mi6, Wisteria Court, Up Hatherley, Cheltenham, Gloucestershire GL51 3WG3
£365K10/230.22 mi30, Chelmsford Avenue, Cheltenham, Gloucestershire GL51 3DN3
£330K04/210.22 mi56, Farmfield Road, Cheltenham, Gloucestershire GL51 3QZ3
£365K03/210.22 mi57, Canterbury Walk, Cheltenham, Gloucestershire GL51 3HN3
£360K08/230.25 mi2, Hampton Close, Leckhampton, Cheltenham, Gloucestershire GL51 3DZ3
£319.9K02/230.25 mi16, Campion Park, Up Hatherley, Cheltenham, Gloucestershire GL51 3WA3
£310K09/210.26 mi5, St Albans Close, Cheltenham, Gloucestershire GL51 3DW3
£350K09/210.29 mi3, Doverhay, Up Hatherley, Cheltenham, Gloucestershire GL51 3HS3
£352K06/230.29 mi15, Hazlewood Close, Cheltenham, Gloucestershire GL51 3RX3
£295K01/210.3 mi10, Glenlea Grove, Up Hatherley, Cheltenham, Gloucestershire GL51 3HY3
£335K11/200.32 mi6, Woodlands Road, Cheltenham, Gloucestershire GL51 3RU3
£321K04/210.32 mi106, Warden Hill Road, Cheltenham, Gloucestershire GL51 3EQ3
£295K03/210.32 mi108, Warden Hill Road, Cheltenham, Gloucestershire GL51 3EQ3
£330K06/230.32 mi112, Caernarvon Road, Cheltenham, Gloucestershire GL51 3JR3
£402.4K05/230.35 mi17, St Michaels Road, Cheltenham, Gloucestershire GL51 3RP3
£310K01/230.36 mi137, Warden Hill Road, Cheltenham, Gloucestershire GL51 3EL3
£325K02/230.36 mi8, Rothleigh, Up Hatherley, Cheltenham, Gloucestershire GL51 3PS3
£595K08/230.38 mi32, Lauriston Park, Cheltenham, Gloucestershire GL50 2QL3
£500K08/210.38 mi32, Lauriston Park, Cheltenham, Gloucestershire GL50 2QL3
£260K05/210.38 mi11, Bala Road, Cheltenham, Gloucestershire GL51 3EX3
£325K12/230.4 mi31, Broad Oak Way, Cheltenham, Gloucestershire GL51 3LG3
£240K10/200.4 mi26, Broad Oak Way, Cheltenham, Gloucestershire GL51 3LG3
£275K02/210.4 mi70, Broad Oak Way, Cheltenham, Gloucestershire GL51 3LG3
£276.4K12/200.4 mi4, Swanscombe Place, Up Hatherley, Cheltenham, Gloucestershire GL51 3YE3
£369.9K12/200.4 mi8, St Michaels Road, Cheltenham, Gloucestershire GL51 3RR3
£315K05/230.4 mi60, Langdale Road, Cheltenham, Gloucestershire GL51 3LY3
£360K05/230.4 mi54, Langdale Road, Cheltenham, Gloucestershire GL51 3LY3
£304K03/210.43 mi78, Greatfield Lane, Up Hatherley, Cheltenham, Gloucestershire GL51 3QU3
£332.3K07/230.44 mi8, Glyndthorpe Grove, Up Hatherley, Cheltenham, Gloucestershire GL51 3YD3
£337K01/230.45 mi14, Barton Way, Up Hatherley, Cheltenham, Gloucestershire GL51 3QR3
£191K12/200.45 mi81, Broad Oak Way, Cheltenham, Gloucestershire GL51 3LL3
£265K03/230.45 mi77, Broad Oak Way, Cheltenham, Gloucestershire GL51 3LL3
£191K12/200.45 mi81, Broad Oak Way, Cheltenham, Gloucestershire GL51 3LL3
£365.5K11/200.45 mi44, Merestones Drive, Cheltenham, Gloucestershire GL50 2SS3

Local Rents

30 rents from £1.3K/mo to £3K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,29501/250.21 mi-3
£1,35004/240.42 mi-3
£1,80004/240.55 miFoxglove Grove, Cheltenham, Gloucestershire, GL533
£1,80004/240.62 miBournside GL51 3BR3
£2,69204/240.62 mi-3
£1,49505/240.64 miTimperley Way, Up Hatherley, Cheltenham, GL513
£3,00004/240.65 miChargrove Lane, Up Hatherley, Cheltenham, Gloucestershire, GL513
£1,45004/240.67 miRedesdale House, 85 The Park, Cheltenham, GL503
£1,99505/240.73 miThe Park, Cheltenham, Gloucestershire, GL503
£1,50004/240.75 miCaernarvon Road, Cheltenham3
£1,50004/240.76 miHatherley Road, Hatherley3
£1,50004/240.88 miNettleton Road, Cheltenham GL51 6NS3
£1,65005/240.97 miGloucester Road, Cheltenham3
£1,35004/250.97 mi-3
£1,40004/241.03 miPlanets Lane, Up Hatherley, Cheltenham, GL513
£1,80012/241.05 mi-3
£1,50004/241.05 miFarmington Road, Benhall3
£2,50004/241.05 miLansdown Parade Cheltenham GL503
£2,10004/241.06 mi-3
£1,54504/241.07 miHermitage Street, Cheltenham3
£1,70004/241.11 mi-3
£1,50004/241.12 miSuffolk Square Montpellier3
£1,55012/241.13 mi-3
£1,49504/241.13 miFairhaven Road, Cheltenham, Gloucestershire, GL533
£1,99504/241.15 miGratton Street, Cheltenham GL50 2AS3
£1,50004/241.17 miNaunton Lane, Leckhampton, Cheltenham3
£2,10004/241.17 miThe Clemetis, 22 Leckhampton Place, Leckhampton, Cheltenham, GL533
£1,60004/241.18 miRoman Road, Cheltenham GL51 8AA3
£2,50004/241.19 mi119B Bath Road, Cheltenham3
£1,40004/241.22 miCowlsmead, Shurdington3

Links

Local Area Statistics

Population in GL51

51,443

Population in Cheltenham

159,223

Town centre distance

1.13 miles away

Nearest school

0.10 miles away

Nearest train station

1.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Price changed to £320,000

February 16, 2025

Listed for £335,000

January 9, 2025

Floor Plans

Description

  • Semi Detached Bungalow +
  • Convenient Location Near Many Amenities +
  • Three Bedrooms +
  • No Onward Chain +
  • Driveway and Garage +
  • Low Maintenance Rear Garden +
  • Scope For Improvement +

A well maintained semi detached bungalow situated on the popular Warden Hill estate within close proximity to many amenities. Offered for sale with No Onward Chain.

The versatile accommodation, which, whilst presented in a clean and tidy manner, would benefit from a modernisation program, briefly comprises: entrance hall, bay-fronted sitting room, kitchen, bathroom and three bedrooms (bedrooms could easily be used as dining room/office/additional reception).

Externally the property has a block paved front garden with driveway leading alongside the property to a brick garage sited towards the rear. The rear garden is landscaped with low maintenance in mind with patio areas, an imitation grass lawn., well tended raised flower border and garden shed.

Agent Details

Peter Ball & Co, Cheltenham

01242 395317

Next Steps?

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

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