3-bedroom terraced house · GL8 8HF
Sold STCListed 73 days
Opportunity summary
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About
*** ATTENTION CASH BUYERS AND INVESTORS ONLY*** Reema construction three bedroom end terrace property - perfect for a cash buyer to use as an investment, mortgages are not available on this property because of its construction.
Reema is a nonstandard construction technique in using pre-fabricated reinforced concrete panels This end terraced house built as a local authority property at the end of this cul-de-sac of similar homes.
The accommodation consists of entrance hall with staircase to landing. The lounge has a window to the front aspect and a feature fireplace.
Across the back of the house there is an open plan kitchen/dining room. A door from here leads into a conservatory with windows and a French door onto the rear garden.
At first floor level, there are three bedrooms (two doubles and a single) and the bathroom has a modern white suite.
There is a front garden which is mainly laid to lawn plus driveway parking for several cars.
The rear garden is private and enclosed with lawn, decking area with wooden covered area which provides seating for alfresco dining.
There is a further seating area and garden shed/store with power and lighting which would make a home office if required. This property is subject to a covenant under the 157 Housing Act 1985.
This covenant is entered on the title of all homes originally sold under the Right to Buy Scheme in the Cotswold area of Outstanding Natural Beauty.
This is to ensure homes developed with public funding are retained by people with a local connection and who will live in the property as their only home.
In accordance with the statute, consent is also needed if the property is to be a buy to let.
NOTE: Planning permission was previously granted for a two bedroom dwelling attached to the existing property.
Tetbury, often referred to as the gateway to the Cotswolds, and once voted by Country Life magazine as the third most desirable town in the country, is a thriving historic Cotswold market town situated less than half an hour from both the M4 and M5 motorways and within easy reach of Cirencester, Cheltenham, Bath, Bristol and Swindon.
There is good access to Kemble Railway Station with regular Intercity services to London and other regional commercial centres.
Tetbury is well known for its royal houses with HRH The Prince of Wales at Highgrove House, and Gatcombe Park the home of The Princess Royal both close by.
Tetbury boasts an exciting range of shops including specialist boutiques, city standard delicatessens, the Highgrove Shop, two supermarkets and many fine antique shops.
The town has an excellent variety of hotels, restaurants, cafes and brasseries offering a mouth-watering range of cuisine.
There is an excellent range of schools in the area including Westonbirt Preparatory and Senior Schools (3 – 18 years).
There is also Beaudesert Park at Minchinhampton together with popular state primary and secondary schools in and around Tetbury.
A visit to the Tourist Information Office will provide you with a map of the area showing some of our local attractions including the world famous Westonbirt Arboretum, or the nearby Cotswold Water Park or perhaps the Abbey and Abbey House Gardens in Malmesbury.
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 Northfield Close, Tetbury, Gloucestershire, GL8
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