3 Bed Terraced House, Refurb/BRRR, Cheltenham, GL52 5LQ, £280,000

Ladysmith Road, Priors Park, Cheltenham, GL52 5LQ - 4 views - 2 months ago

Refurb/BRRR

ROI: 5%

~93 m²

+9 photos

ValuationFair Value

Sold Prices	£150K - £514K
Sold Prices/m²	£1.9K/m² - £5.1K/m²

Square Metres	~93 m²
Price/m²	£3K/m²
Value Estimate	£282,800£282,800

End Value (After Refurb)	£268,471£268,471

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£70,000£70,000
Stamp Duty & Legal Fees	£16,700£16,700
Refurb Costs	£39,600£39,600
Bridging Loan Interest	£7,350£7,350
Total Cash In	£135,400£135,400

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£268,471£268,471
Mortgage (After Refinance)	£201,353£201,353
Mortgage LTV	75%75%
Cash Left In	£135,400£135,400
Equity	£67,118£67,118
Rent Range	£950 - £3,200£950 - £3,200
Rent Estimate	£1,726
Running Costs/mo	£1,204£1,204
Cashflow/mo	£522£522
Cashflow/yr	£6,262£6,262
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £150K to £514K, average is £254K. £1.9K/m² to £5.1K/m², average is £3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£275K	12/22	0.04 mi	6, Somme Road, Cheltenham, Gloucestershire GL52 5LJ	-	-	3	Terraced House
£232K	10/21	0.07 mi	27, Alexandria Walk, Cheltenham, Gloucestershire GL52 5LG	-	-	3	Semi-Detached House
£256.1K	09/23	0.07 mi	23, Alexandria Walk, Cheltenham, Gloucestershire GL52 5LG	-	-	3	Semi-Detached House
£230K	02/21	0.09 mi	10, Burma Avenue, Cheltenham, Gloucestershire GL52 5LF	£2,614	88	3	Semi-Detached House
£237K	06/21	0.11 mi	90, Ladysmith Road, Cheltenham, Gloucestershire GL52 5LD	-	-	3	Semi-Detached House
£230K	07/21	0.11 mi	74, Ladysmith Road, Cheltenham, Gloucestershire GL52 5LD	-	-	3	Terraced House
£514K	09/23	0.11 mi	Tingrith, Bouncers Lane, Cheltenham, Gloucestershire GL52 5JW	£3,521	146	3	Semi-Detached House
£258K	03/21	0.11 mi	24, Salamanca Road, Cheltenham, Gloucestershire GL52 5JZ	£2,966	87	3	Semi-Detached House
£227.5K	06/23	0.11 mi	23, Dart Road, Cheltenham, Gloucestershire GL52 5QN	-	-	3	Semi-Detached House
£210K	01/21	0.12 mi	14, Salamanca Road, Cheltenham, Gloucestershire GL52 5LB	£2,333	90	3	Terraced House
£282K	04/23	0.12 mi	186, Priors Road, Cheltenham, Gloucestershire GL52 5AP	£3,398	83	3	Terraced House
£200K	03/21	0.14 mi	4, Dart Road, Cheltenham, Gloucestershire GL52 5QW	-	-	3	Semi-Detached House
£250K	02/23	0.14 mi	4, Kimberley Walk, Cheltenham, Gloucestershire GL52 5JY	£2,941	85	3	Semi-Detached House
£410K	12/20	0.15 mi	88, Priors Road, Cheltenham, Gloucestershire GL52 5AN	£4,833	85	3	Semi-Detached House
£275K	03/23	0.15 mi	63, Imjin Road, Cheltenham, Gloucestershire GL52 5JU	-	-	3	Semi-Detached House
£246K	04/21	0.15 mi	85, Imjin Road, Cheltenham, Gloucestershire GL52 5JU	£2,764	89	3	Terraced House
£150K	02/21	0.15 mi	10, Pennine Road, Cheltenham, Gloucestershire GL52 5EZ	£1,852	81	3	Semi-Detached House
£222K	06/23	0.18 mi	93, Clyde Crescent, Cheltenham, Gloucestershire GL52 5QJ	-	-	3	Semi-Detached House
£250K	06/23	0.19 mi	38, Redmarley Road, Cheltenham, Gloucestershire GL52 5GA	£2,874	87	3	Terraced House
£225K	06/21	0.2 mi	141, Cromwell Road, Cheltenham, Gloucestershire GL52 5ET	£2,470	91	3	Semi-Detached House
£232K	04/21	0.24 mi	14, Clearwell Gardens, Cheltenham, Gloucestershire GL52 5GH	£2,829	82	3	Terraced House
£320K	07/23	0.25 mi	24, Clearwell Gardens, Cheltenham, Gloucestershire GL52 5GH	£4,471	72	3	Terraced House
£252K	12/20	0.25 mi	26, Clearwell Gardens, Cheltenham, Gloucestershire GL52 5GH	£3,485	72	3	Terraced House
£280K	09/23	0.25 mi	130, Clyde Crescent, Cheltenham, Gloucestershire GL52 5QF	-	-	3	Semi-Detached House
£320K	12/22	0.26 mi	20, Clearwell Gardens, Cheltenham, Gloucestershire GL52 5GH	£3,299	97	3	Terraced House
£190K	03/21	0.26 mi	160, Whaddon Road, Cheltenham, Gloucestershire GL52 5NS	£2,794	68	3	Semi-Detached House
£274K	06/23	0.27 mi	5, Bredon Walk, Cheltenham, Gloucestershire GL52 5EN	£3,011	91	3	Terraced House
£236K	04/21	0.27 mi	52, Yorkley Road, Cheltenham, Gloucestershire GL52 5FP	-	-	3	Semi-Detached House
£322.5K	12/22	0.28 mi	216, Priors Road, Prestbury, Cheltenham, Gloucestershire GL52 5HN	£2,688	120	3	Semi-Detached House
£300K	12/23	0.28 mi	210, Priors Road, Prestbury, Cheltenham, Gloucestershire GL52 5HN	£3,614	83	3	Semi-Detached House
£191K	01/21	0.28 mi	25, Cotswold Road, Cheltenham, Gloucestershire GL52 5EL	-	-	3	Semi-Detached House
£451.5K	01/21	0.28 mi	71, Whitethorn Drive, Prestbury, Cheltenham, Gloucestershire GL52 5LL	-	-	3	Detached House
£270.3K	11/21	0.29 mi	1, Clearwell Gardens, Cheltenham, Gloucestershire GL52 5GH	£2,758	98	3	Terraced House
£347.5K	12/20	0.3 mi	21, Hillview Road, Cheltenham, Gloucestershire GL52 5AE	£3,374	103	3	Semi-Detached House
£465K	04/21	0.3 mi	24, Bramble Rise, Prestbury, Cheltenham, Gloucestershire GL52 5LR	-	-	3	Detached House
£240K	08/23	0.31 mi	61, Clyde Crescent, Cheltenham, Gloucestershire GL52 5QY	£2,697	89	3	Terraced House
£450K	04/23	0.31 mi	58, Priors Road, Cheltenham, Gloucestershire GL52 5AA	£5,114	88	3	Semi-Detached House
£402K	12/20	0.32 mi	63, Bouncers Lane, Prestbury, Cheltenham, Gloucestershire GL52 5JB	£3,558	113	3	Semi-Detached House
£240K	02/23	0.33 mi	38, Clyde Crescent, Cheltenham, Gloucestershire GL52 5QZ	£2,963	81	3	Semi-Detached House
£250K	03/21	0.34 mi	10, Humber Road, Cheltenham, Gloucestershire GL52 5PE	-	-	3	Terraced House
£450K	01/21	0.36 mi	9, Ivy Bank, Prestbury, Cheltenham, Gloucestershire GL52 5LW	£4,327	104	3	Detached House
£300K	12/22	0.38 mi	15, Humber Road, Cheltenham, Gloucestershire GL52 5PF	£2,970	101	3	Terraced House
£155K	10/23	0.4 mi	21, Thames Road, Cheltenham, Gloucestershire GL52 5PU	£1,962	79	3	Semi-Detached House
£185K	02/21	0.4 mi	21, Thames Road, Cheltenham, Gloucestershire GL52 5PU	£2,342	79	3	Semi-Detached House
£225K	07/23	0.41 mi	14, Whaddon Avenue, Cheltenham, Gloucestershire GL52 5NW	-	-	3	Terraced House
£288.5K	02/21	0.42 mi	7, Studland Drive, Prestbury, Cheltenham, Gloucestershire GL52 5BU	-	-	3	Semi-Detached House
£245K	07/23	0.42 mi	79, Whaddon Avenue, Cheltenham, Gloucestershire GL52 5NN	£3,403	72	3	Terraced House
£342K	03/21	0.45 mi	40, Cleeve View Road, Cheltenham, Gloucestershire GL52 5NH	-	-	3	Detached House
£285.5K	10/23	0.46 mi	303, Prestbury Road, Prestbury, Cheltenham, Gloucestershire GL52 3DB	£3,320	86	3	Semi-Detached House
£340K	01/21	0.46 mi	30, Cleeve View Road, Cheltenham, Gloucestershire GL52 5NH	£3,400	100	3	Semi-Detached House

Local Rents

18 rents from £950/mo to £3.2K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,400	03/25	0.15 mi	-	3	Terraced House
£1,250	04/24	0.17 mi	Kempley Close, Cheltenham,	3	Terraced House
£3,200	04/24	0.22 mi	Redmarley Road, Cheltenham, GL52	3	Terraced House
£3,200	03/24	0.22 mi	-	3	Terraced House
£1,475	04/24	0.23 mi	Ruardean Walk, CHELTENHAM, Gloucestershire, GL52	3	Flat
£1,250	12/24	0.24 mi	-	3	Terraced House
£950	04/24	0.35 mi	-	3	Semi-Detached House
£1,750	12/24	0.38 mi	Ledbury Court, Cheltenham GL52 5FZ	3	Semi-Detached House
£1,300	04/24	0.44 mi	Whaddon Road, Cheltenham	3	Semi-Detached House
£1,250	12/24	0.46 mi	Wymans Road, Cheltenham	3	Semi-Detached House
£1,800	12/24	0.5 mi	-	3	Bungalow
£1,975	03/25	0.5 mi	-	3	Bungalow
£1,800	04/24	0.5 mi	Finchcroft Lane, Cheltenham, GL52	3	Bungalow
£1,500	02/24	0.5 mi	-	3	Semi-Detached House
£1,500	04/25	0.5 mi	-	3	Semi-Detached House
£1,995	03/25	0.52 mi	-	3	Detached House
£1,600	04/24	0.54 mi	Finchcroft Lane, Prestbury, Cheltenham, Gloucestershire, GL52	3	Detached House
£1,450	04/24	0.6 mi	High Street, Cheltenham	3	Flat

Local Area Statistics

Population in GL52	42,91842,918
Population in Cheltenham	159,223159,223
Town centre distance	1.83 miles away1.83 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	2.33 miles away2.33 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+38%+38%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+21%+21%

Property History

Listed for £280,000

March 7, 2025

Floor Plans

Description

Mid Terrace +
Three Bedrooms +
Entrance Hall & Cloakroom +
Living Room & Conservatory +
Kitchen Dining Room +
Bathroom +
Driveway +
Rear Garden +

Priors Park is located on the cusp of Prestbury and central Cheltenham, giving easy access to a host of amenities. There are popular schools, plenty of recreational space, and Cleeve Hill 'An Area of Outstanding Natural Beauty' all close by, making this a super family spot.

The property would benefit from some TLC, noting the night storage style heating in place. However, the practical layout, good-size proportions, and southerly rear garden with gated side access make this worthy of modernisation.

Accommodation briefly comprises an entrance porch, cloakroom, living room overlooking the aforementioned rear garden, and kitchen dining room. Upstairs there are three generous bedrooms and a bathroom.

Further benefits include driveway parking and double glazing.