3 Bed Flat, Single Let, Gloucester, GL3 2SD, £170,000

Pirton Lane, Churchdown, GL3 2SD - 1 views - 8 months ago

Sold STC

Leasehold

BTL

ROI: 8%

~63 m²

+3 photos

Valuation

Sold Prices	£130K - £245K
Sold Prices/m²	£1.5K/m² - £1.5K/m²

Square Metres	~62.95 m²
Price/m²	£2.7K/m²

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£42,500£42,500
Stamp Duty & Legal Fees	£9,700£9,700
Total Cash In	£52,200£52,200

Cash Out
Rent Range	£1,100 - £2,999£1,100 - £2,999
Rent Estimate	£1,138
Running Costs/mo	£779£779
Cashflow/mo	£359£359
Cashflow/yr	£4,310£4,310
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

3 sold prices from £130K to £245K, average is £147K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£147K	05/21	1.64 mi	10, Horsbere Road, Hucclecote, Gloucester, Gloucestershire GL3 3PT	-	-	3	Flat
£245K	04/23	2.22 mi	6, Oak Drive, Brockworth, Gloucester, Gloucestershire GL3 4DQ	-	-	3	Flat
£130K	05/23	2.62 mi	11, Dingles Meadow, Abbeymead, Gloucester, Gloucestershire GL4 5TN	£1,461	89	3	Flat

Local Rents

25 rents from £1.1K/mo to £3K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,300	04/24	0.1 mi	Melville Road, Churchdown, Gloucester, GL3	3	Semi-Detached House
£1,300	04/24	0.1 mi	Melville Road, Churchdown, Gloucester GL3	3	Semi-Detached House
£1,450	01/25	0.21 mi	-	3	Semi-Detached House
£1,350	04/24	0.24 mi	John Daniels Way, Churchdown, Gloucester	3	Semi-Detached House
£1,395	03/25	0.3 mi	-	3	Semi-Detached House
£1,300	02/25	0.45 mi	-	3	Semi-Detached House
£1,100	04/24	0.49 mi	Grove Road, Gloucester	3	Terraced House
£1,400	04/24	0.7 mi	Goldsmith Road, Gloucester	3	Detached House
£1,650	02/25	0.7 mi	-	3	Semi-Detached House
£1,550	04/25	0.7 mi	-	3	Semi-Detached House
£1,300	04/24	0.72 mi	Thespian Road, Churchdown, Gloucester	3	Terraced House
£1,300	05/24	0.74 mi	Warren Close, Churchdown	3	House
£1,300	05/24	0.77 mi	Warren Close, Gloucester	3	Semi-Detached House
£1,400	04/24	0.78 mi	Goldsmith Road, Churchdown, Gloucester, GL3	3	Terraced House
£1,100	04/24	0.78 mi	-	3	Terraced House
£1,200	01/25	0.94 mi	-	3	Semi-Detached House
£1,300	12/24	1.08 mi	Cypress Gardens, Longlevens	3	Terraced House
£1,450	04/24	1.12 mi	Evergreen Walk, Longlevens GL2 0RD	3	Detached House
£1,200	04/24	1.18 mi	Elmleaze, Gloucester GL2 0LB	3	Flat
£1,550	12/24	1.18 mi	-	3	Semi-Detached House
£1,700	05/24	1.19 mi	Brampton Square, Innsworth	3	Detached House
£1,700	12/24	1.21 mi	-	3	Detached House
£1,500	12/24	1.24 mi	-	3	Semi-Detached House
£1,500	10/24	1.24 mi	-	3	Semi-Detached House
£2,999	03/25	1.24 mi	-	3	Semi-Detached House

Local Area Statistics

Population in GL3	30,27730,277
Population in Gloucester	173,084173,084
Town centre distance	2.84 miles away2.84 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	2.73 miles away2.73 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+33%+33%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+24%+24%

Property History

Price changed to £170,000

October 22, 2024

Listed for £180,000

August 30, 2024

Floor Plans

Description

Three Bedroom Apartment +
Top Floor +
Communal Parking And Gardens +
South West Facing Balcony With Views +
Popular Churchdown Location +
Great Buy To Let Investment/First Time Purchase +
EPC Rating: C73 +
Council Tax Band: A +

Welcome to this charming three-bedroom apartment located on Pirton Lane in the sought-after Churchdown.

Situated on the top floor, this property offers a cosy yet modern feel with a well-proportioned reception room ideal for relaxing or entertaining. One of the highlights of this apartment is the south-west facing balcony from the living room, where you can enjoy the fantastic views and unwind after a long day.

There are three generous bedrooms, providing the perfect space for anyone looking to work from home. The kitchen-breakfast room offers a light and airy space enhanced by the juliette balcony to the rear of the property.

The modern shower room completes the internal accommodation.

Additionally, the communal parking and gardens provide convenience and a touch of greenery to the property.

Churchdown is a popular location known for its community feel and proximity to local amenities, making it an ideal place to call home.

Agents Note. - Leasehold.
Lease length: 125 years from 1986 - 87 years remaining.
Service Charges: £306.22 per annum.
EPC Rating: C73
Council Tax Band: A
Mains Gas, Electric and Water are connected.
Fibre Broadband is available in the area