2-bedroom house · GL54 2RR
Sold STCListed 116 days
Opportunity summary
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About
Situated in the popular Bourton Chase development, this charming, large, semi-detached, two bedroom home is arranged over two floors and offers a practical, well-balanced layout ideal for modern living.
This home is available to purchase at 70% of the open market value, making it an ideal opportunity for first time buyers, and professional couples.
Entering through the front door, you are welcomed into a spacious central hallway with stairs rising to the first floor and convenient access to a ground-floor cloakroom, and under stairs storage.
Off to the left there is a bright kitchen and dining area with integrated appliances and a patio door opening out onto the garden, providing a sociable space for cooking and everyday meals.
Off to the right, from the front door, there is a dual aspect, spacious living room which offers a comfortable area to relax or entertain guests.
Upstairs, the property features two generously sized double bedrooms, both offering good natural light and flexible space for furnishings or home working.
Completing this floor is the contemporary main bathroom, with bath and overhead shower.
Externally, the property benefits from a low maintenance, landscaped side garden, with patio and gravel areas, raised bedding bordering the garden, and built in seating at the end of the corner, perfect for sitting and enjoying the space.
The property further benefits from driveway parking for up to two cars.
We understand the property to be Freehold Potential purchasers should obtain confirmation of this from their solicitor prior to exchange of contracts.
Property Overview: This property is available to purchase at 70% of the open market value. To qualify for this property, there is a set of pre-defined criteria that applicants/buyers must meet.
To meet the Qualifying Criteria, you must be someone in housing need and be unable to buy a home suitable for your housing needs on the open market, in the Council’s administrative area.
Additional Local Criteria (subject to change): This property will initially be offered exclusively, to those who have a Local Connection to the village.
Once the exclusivity period ends, you are only required to meet certain Qualifying Criteria in order to purchase the property You are considered to have a local connection to Bourton-on-the-Water if you are someone who has one of the following: For the last three years, has been a continuous resident within Bourton-on-the-Water, an adjoining parish, or the Cotswold District.
Has a contract of permanent employment at a workplace within Bourton-on-the-Water, an adjoining parish, or the Cotswold District. Please note this work must not be of a casual or temporary nature.
Has family relations (parents, children or siblings) who have lived within Bourton-on-the-Water, an adjoining parish, or the Cotswold District for the last five years.
Other qualifying criteria: Is at least 18 years old A member of a household having an annual income of less than £60,000 (Sixty Thousand Pounds) (or such other figure as the Council has agreed).
Able to demonstrate a good credit history (i.e. No bad debts or County Court Judgments) and be able to afford the regular payments and costs involved in buying the Property.
Purchasing the Property for occupation as a sole, main residence.
Agent’s note Due to the property being part of the Local Authority's affordable housing scheme, the property must always be sold at 70% of the open market value, and for the first six months the property can only be sold to those who themselves, partners, or families have lived in the area or have a special need to be in the town.
Further clarification can be obtained from our office or from the housing department of Cotswold District Council.
EPC Rating: B Location Bourton on the Water is a village situated in the heart of the North Cotswolds - a popular tourist destination, a village of enormous character and appeal, with period Cotswold stone houses and shops flanking the shallow River Windrush that runs through the town centre.
There are a range of amenities, including gift shops, restaurants, pubs, hotels, clothes shops, hairdresser, supermarkets, library, post office, churches, primary and secondary schools.
As well as the large range of amenities there are multiple sports club available to join, such as Football, Cricket and Tennis.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About 6 Heron Close, Cheltenham
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