2 Bed Flat, Single Let, GL7 1GS £190,000

West Way, Cirencester, GL7 1GS - 7 months ago
Leasehold
BTL
ROI: 2%
~62 m²
Property image

ValuationUndervalued

Sold Prices£115K - £470K
Sold Prices/m²£2K/m² - £4.7K/m²

 

 

Square Metres

~62.20 m²
Price/m²£3.1K/m²

Value Estimate

£200,195
BMV5%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£12,000

Total Cash In

£59,500

 

 

Cash Out

 

Rent Range

£680 - £2,800

Rent Estimate

£913

Running Costs/mo

£796

Cashflow/mo

£117

Cashflow/yr

£1,400

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £115K to £470K, average is £188K. £2K/m² to £4.7K/m², average is £3.3K/m².

Price
Date
Distance
Address
Beds
 
£180K02/250 miHoopers Court, 1, West Way, Cirencester GL7 1GS2
£188K03/250 mi19, Hoopers Court, West Way, Cirencester GL7 1GS2
£188K03/250 mi19, Hoopers Court, West Way, Cirencester GL7 1GS2
£197.5K06/230.01 miFlat 25, Hoopers Court, West Way, Cirencester, Gloucestershire GL7 1GS2
£210K11/220.01 miFlat 21, Hoopers Court, West Way, Cirencester, Gloucestershire GL7 1GS2
£130K11/210.02 miFlat 8, St. Blaize Court, West Way, Cirencester, Gloucestershire GL7 1JA2
£212.8K06/230.02 miFlat 6, St Blaize Court, West Way, Cirencester, Gloucestershire GL7 1JA2
£148K08/230.02 miFlat 9, St. Blaize Court, West Way, Cirencester, Gloucestershire GL7 1JA2
£185K06/210.07 miApartment 1, 1 New Akeman Court, West Way, Cirencester, Gloucestershire GL7 1FU2
£300K06/210.13 miFlat 7, Cotswold Mill, Lewis Lane, Cirencester, Gloucestershire GL7 1EL2
£287K10/210.13 miFlat 14, Cotswold Mill, Lewis Lane, Cirencester, Gloucestershire GL7 1EL2
£145K11/210.13 miFlat 1, Palestra Lodge, The Waterloo, Cirencester, Gloucestershire GL7 2PZ2
£210K07/250.18 mi24, Abbey House, Gosditch Street, Cirencester GL7 2QU2
£195K11/210.2 miFlat 2, Hill House, The Waterloo, Cirencester, Gloucestershire GL7 2QX2
£228.5K05/230.22 miFlat 7, Oxford House, London Road, Cirencester, Gloucestershire GL7 2PU2
£270K09/240.22 miOxford House, Flat 5, London Road, Cirencester GL7 2PU2
£250K08/240.22 miLondon Place 2-4, Flat 5, London Road, Cirencester GL7 1AB2
£225.2K08/210.24 miFlat 1, Oxford House, London Road, Cirencester, Gloucestershire GL7 2PU2
£420K11/240.25 miBath Gate Place, 31, Hammond Way, Cirencester GL7 1ZJ2
£300K07/230.27 mi1, Mullings Court, Cirencester, Gloucestershire GL7 2AW2
£140K02/250.4 mi111, Barclay Court, Trafalgar Road, Cirencester GL7 2EN2
£122K10/240.4 miBarclay Court, 106, Trafalgar Road, Cirencester GL7 2EN2
£140K02/250.4 mi111, Barclay Court, Trafalgar Road, Cirencester GL7 2EN2
£178K07/230.44 mi9, Trafalgar Road, Cirencester, Gloucestershire GL7 2EJ2
£188K03/250.45 mi36, Priory Mews, Trafalgar Road, Cirencester GL7 2EL2
£188K03/250.45 mi36, Priory Mews, Trafalgar Road, Cirencester GL7 2EL2
£470K12/220.49 mi15, Mill Place, Cirencester, Gloucestershire GL7 2BG2
£300K11/220.49 miApartment 22, Beecham Lodge, Somerford Road, Cirencester, Gloucestershire GL7 1WR2
£136K05/210.49 mi62, Stepstairs Lane, Cirencester, Gloucestershire GL7 1LA2
£150K02/250.5 miGarland Court, Flat 6, Meadow Road, Cirencester GL7 1YB2
£150K02/250.5 miFlat 6, Garland Court, Meadow Road, Cirencester GL7 1YB2
£280K12/220.53 miFlat 3, Beresford House, Shepherds Way, Cirencester, Gloucestershire GL7 2EX2
£178K11/210.53 miFlat 1, Beresford House, Shepherds Way, Cirencester, Gloucestershire GL7 2EX2
£250K01/230.53 miFlat 7, Beresford House, Shepherds Way, Cirencester, Gloucestershire GL7 2EX2
£200K01/250.59 miChesterton House, 28, Chesterton Lane, Cirencester GL7 1XQ2
£340K11/220.6 miFlat 11, Oakley Hall, Oaklands, Cirencester, Gloucestershire GL7 1FZ2
£320K06/210.6 miFlat 1, Oakley Hall, Oaklands, Cirencester, Gloucestershire GL7 1FZ2
£265K03/250.62 mi4, Chapel Courtyard, Highfield Lane, Cirencester GL7 1FY2
£265K03/250.62 mi4, Chapel Courtyard, Highfield Lane, Cirencester GL7 1FY2
£135K07/210.68 mi8, Acanthus Court, Cirencester, Gloucestershire GL7 1PW2
£177K11/220.68 mi12, Acanthus Court, Cirencester, Gloucestershire GL7 1PW2
£200K08/220.68 mi18, Acanthus Court, Cirencester, Gloucestershire GL7 1PW2
£181.5K11/240.68 miAcanthus Court, 12, Siddington Road, Cirencester GL7 1PW2
£133K06/230.71 mi28, Melmore Gardens, Cirencester, Gloucestershire GL7 1NR2
£132.5K02/250.72 mi50, Melmore Gardens, Cirencester GL7 1NS2
£132.5K02/250.72 mi50, Melmore Gardens, Cirencester GL7 1NS2
£160K06/230.73 mi44, Melmore Gardens, Cirencester, Gloucestershire GL7 1NS2
£167.5K06/230.73 mi45, Melmore Gardens, Cirencester, Gloucestershire GL7 1NS2
£115K09/210.73 mi54, Melmore Gardens, Cirencester, Gloucestershire GL7 1NS2
£152.5K07/230.73 mi6, Fry Close, Cirencester, Gloucestershire GL7 1HX2

Local Rents

50 rents from £680/mo to £2.8K/mo, average is £1.1K/mo.

Rent
Date
Distance
Address
Beds
 
£1,12509/250 miWest Way, Cirencester, Gloucestershire, GL72
£1,07511/250 miWest Way, Cirencester, Gloucestershire, GL72
£1,00004/250 mi-2
£85007/250.01 miHoopers Court, CIRENCESTER2
£85007/250.01 miHoopers Court, CIRENCESTER2
£1,05005/250.01 miWest Way, Cirencester, Gloucestershire, GL72
£77507/250.02 miF3 , Hoopers Court, West Way, Cirencester2
£1,20011/250.02 miWest Way, Cirencester, Gloucestershire, GL72
£1,03508/250.05 miCricklade Street, Cirencester, GL72
£97510/250.05 miCricklade Street, Cirencester, GL72
£92507/250.06 miWest Way, Cirencester2
£1,40006/250.06 miBrookmoor House2
£1,40008/250.06 miCentral Cirencester2
£1,07511/250.06 miCricklade Street, Cirencester, Gloucestershire, GL72
£1,17507/250.07 miWest Way, Cirencester, Gloucestershire, GL72
£90007/250.07 miCricklade Street, Cirencester2
£2,80004/240.07 mi-2
£70007/250.07 miCricklade Street2
£77508/250.07 miCricklade Street2
£68007/250.07 miCricklade Street2
£82507/250.07 miCricklade Street, Cirencester2
£1,59509/250.09 miMarket Place, Cirencester2
£1,29510/250.1 miLewis Lane, Cirencester, Gloucestershire, GL72
£1,20009/250.1 miCotswold Mill, Lewis Lane, Cirencester, GL72
£1,02505/250.1 miAshcroft Road, Cirencester, Gloucestershire, GL72
£77507/250.11 miDyer Street, Cirencester2
£1,20008/250.11 miDyer Street, Cirencester2
£1,25006/250.12 miDyer Street, Cirencester2
£1,25004/240.12 miLewis Lane, CIRENCESTER2
£1,25010/250.12 miDyer Street, Cirencester2
£97507/250.12 miDyer Street, Cirencester, Gloucestershire, GL72
£95010/250.12 miDyer Street, Cirencester, Gloucestershire, GL72
£85007/250.13 miAshcroft Road, Cirencester2
£95008/250.13 miAshcroft Road - Cirencester - GL72
£1,25011/250.15 miAshcroft Road, Cirencester, GL72
£1,27508/250.15 miLewis Lane, Cirencester, Gloucestershire, GL72
£1,20007/250.15 miLewis Lane, Cirencester, Gloucestershire, GL72
£1,25007/240.15 miCastle Street, Cirencester2
£1,19509/250.15 miWest Market Place, Cirencester2
£95007/250.17 miSilver Street, Cirencester, GL72
£1,15012/240.17 miQuerns Lane, Cirencester2
£85007/250.17 miQuerns Lane, Cirencester2
£92507/250.18 miGosditch Street, Cirencester2
£73008/250.18 miBlack Jack Street, Cirencester2
£1,08511/250.19 miLondon Place, 2-4 London Road, Cirencester, GL72
£1,35006/250.19 mi-2
£99508/250.19 miChester Street, CIRENCESTER2
£1,10011/250.19 miThe Avenue, Cirencester, GL72
£1,15009/250.2 miAbbey House, Cirencester2
£89507/250.2 miSheep Street, Cirencester2

Local Area Statistics

Population in GL7

42,517

Nearest school

0.30 miles away

Nearest train station

3.66 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-23%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £190,000

March 27, 2025

Floor Plans

Property image

Description

  • NO CHAIN +
  • Ground Floor Apartment +
  • Town Centre Location +
  • Two Bedrooms +
  • Gas Central Heating +
  • Double Glazing +

This spacious town centre apartment is offered for sale with NO CHAIN! Located on the ground floor, there are two bedrooms, sitting room, fitted kitchen, gas central heating & double glazing. Brand new flooring throughout.

This 2 bedroom ground floor apartment is conveniently located in town with all amenities close at hand, benefiting from freshly painted walls, new carpets and flooring throughout.

Accessed via a communal entrance hall with security door entry system.

Entrance Hall
Vinyl flooring, doors to all rooms, built in storage cupboard.

Sitting Room
Side aspect double glazed window, Tv point, satellite & phone point, brand new carpet, arch through to:-

Fitted Kitchen/breakfast room
Side aspect double glazed window. A good range of wall & base mounted units with a fitted electric oven, gas hob and extractor fan above, gas boiler, integral fridge freezer, tiled flooring.

Bedroom 1
Front aspect double glazed window. A double built in wardrobe, new carpet.

Bedroom 2
Front aspect double glazed window. A single fitted wardrobe, new carpet.

Bathroom
A modern white suite with WC, wash basin and a paneled bath with shower and glass screen above, Extractor fan, new vinyl flooring.

Ground rent is £150 per annum and the maintenance charge £1074.62 every 6 months.

Council tax band C £2,033.00 per annum
EPC C75

Agent Details

CJ Hole, Cirencester

01285 704382

Next Steps?

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