3-bedroom house · GL7 2DZ
Sold STCListed 241 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale with no onward chain and situated just over half a mile's walk of Cirencester town centre and with immediate access to countryside walks via Stratton Meadows and the Humpty Dumps is 'Pengelly'.
A detached three bedroom bungalow, having been in the same family ownership since they built it in 1975.
The bungalow further benefits from off street parking, garage, sitting on a generous plot as well as offering the scope to extend and reconfigure if required and subject to the necessary permissions and regulations.
The single storey accommodation currently comprises entrance porch, hall with loft hatch and pull down ladder accessing a sizeable loft, triple aspect sitting room, kitchen breakfast room, shower room and three bedrooms.
Outside to the front, a Cotswold stone wall and recently installed fencing screen the property from the road, a gated paved drive provides ample off street parking and leads to the garage.
The garden wraps around the side opening up to the rear, the garden has been landscaped offering different areas of interest and backs onto and overlooks Stratton Meadows and River Churn.
NB - the existing septic tank does not meet current regulations and will need to be replaced ... inspection report and quote to replace are available upon request.
NB - Certificate of Structural Adequacy has been issued and available upon request. Clay shrinkage subsidence caused by excessive moisture demands of nearby vegetation.
The influence from the implicated vegetation has been removed. A period of monitoring was undertaken confirming the property as stable.
Repair work have been undertaken to the property, schedule of works also available upon request. NB - there is an electrical substation sitting on the neighbouring plot.
The market town of Cirencester dates back to Roman times and is often referred to as the 'Capital of the Cotswolds'.
It is ideally located with the M4, M5 and M40/A40, the mainline train station at Kemble and excellent bus and coach links all within easy reach.
Cirencester benefits from high street stores and independent specialist retailers, a weekly market and a twice monthly farmers' market. Just outside the town there is a weekly cattle market.
There are also a number of delightful bistros, cafes, wine bars and public houses to suit all tastes.
There are excellent primary and secondary state schools, a sixth form college campus and the Royal Agricultural University. There are also good independent schools in the surrounding areas.
Cirencester also boasts a cottage hospital, a leisure centre including a swimming pool and gym. There is a lovely outdoor swimming pool, open from May to September.
Other sports are fully catered for including golf, tennis, riding, football, rugby and cricket.
The town also benefits from being on the edge of the ever popular Cotswold Water Park with all the activities that has to offer.
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.
Area
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FAQ
About Bowling Green Lane, Cirencester, Gloucestershire, GL7
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