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Churchend, Twyning, Tewkesbury

South West

£230,000
Listed on 08/12/2024

Property Details

Bedrooms
4
Type
Detached house

Description

This property presents a compelling opportunity for investors and self-build aficionados seeking to craft a custom home in a charming village environment. Planning permission has been granted for the construction of a 4-bedroom detached house complete with a double garage, totaling 1,442 square feet of living space. The groundwork is already underway, with foundational elements such as footings completed to the damp course, as well as brick and beam structures installed. Essential utilities, including foul drainage and fresh water connections, have also been established and approved by the building inspector, ensuring a strong foundation for your future project. Nestled between Twyning and Tewkesbury, the location offers a serene village atmosphere bolstered by scenic views of the surrounding fields. This setting not only enhances the quality of life but also adds value to the eventual home. The projected market value upon completion ranges from £625,000 to £650,000, highlighting the significant investment potential inherent in this project. For those keen on executing their vision in a desirable area, this property provides an excellent canvas. A Substructure Inspection Report is available upon request for further insight into the progress that has been made thus far. Please contact Peter Ball & Co to arrange viewings and explore this unique opportunity further.

Investment Analysis

(GL20 area)
Area Average
£311/sq ft
Avg Rent (weekly)
£276
Avg Yield
4.0%

Renovation Potential

Est. Renovation Cost
£23,000 - £57,500
10-25% of property value
Monthly Sales
25
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (GL20)

Area prices are falling by +3.7% over the last 12 months
3 year growth: 3.5%
5 year growth: 10.1%
Investment Disclaimer: Analysis based on GL20 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Churchend, Twyning, Tewkesbury
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