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Newland Street, Coleford GL16 - Image 1
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Newland Street, Coleford GL16

South West

£230,000
Listed on 08/01/2025

Property Details

Bedrooms
2
Type
Detached house
Area
850 sqft

Description

This thoughtfully designed two-bedroom detached cottage is nestled within walking distance of Coleford's town center, presenting a unique opportunity for both homebuyers and investors. Set on a spacious plot, the property features an enclosed garden that provides ample room for outdoor activities and potential landscaping enhancements, making it ideal for creating inviting leisure areas or expanding the existing outdoor living space. Coleford is a vibrant market town known for its diverse amenities, including a cinema, library, post office, and a selection of shops that cater to everyday needs. With three supermarkets nearby, along with various pubs and restaurants, residents enjoy the convenience of urban living in a charming locale. The area also offers strong educational facilities with both primary and secondary schools, in addition to leisure options such as two local golf courses. Upon entering the cottage, a welcoming hallway leads seamlessly into the heart of the home. The spacious lounge boasts large dual-aspect windows that fill the room with natural light. An electric fireplace framed by stone serves as an attractive focal point and presents opportunities for interior upgrades that could further enhance its appeal. The kitchen exudes a traditional farmhouse ambiance with generous space that invites culinary exploration. Features like rustic brick accents and tiled splashbacks contribute to its character, while the layout allows for easy organization of appliances and dining areas—perfect for family gatherings or intimate meals. Upstairs, both bedrooms are bright and airy thanks to large windows that reveal lovely views of the surrounding landscape. The principal bedroom includes fitted wardrobes which offer convenient storage solutions without compromising on space; meanwhile, the second bedroom is versatile enough to serve as either a guest room or an office. The shower room provides modern practicality with its walk-in shower setup, ideal for those favoring efficiency in their daily routines without sacrificing comfort. Outside, access is gained through a secure gate leading to an inviting pathway toward the front door. The expansive garden is divided into distinct sections, each offering unique outdoor experiences—from a welcoming patio area at the entrance to pathways guiding towards additional storage spaces and a delightful summerhouse. Lush lawns surrounded by mature shrubs provide both greenery and privacy—a canvas awaiting your creative ideas. With its potential for renovation and improvement throughout, this property stands as an excellent investment opportunity—whether you envision it as a cozy family retreat or consider capitalizing on its rental possibilities such as short-term stays or long-term leases.

Investment Analysis

(GL16 area)

Below Market Value

This property is priced -8.2% below area average per sq ft

-8.2%
Potential saving
This Property
£271/sq ft
Area Average
£295/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£275,591
10% above area average per sq ft
Potential ROI
+4.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (GL16)

Area prices are falling by +11.2% over the last 12 months
3 year growth: -3.9%
5 year growth: 9.5%
Investment Disclaimer: Analysis based on GL16 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Newland Street, Coleford GL16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£843
Based on a loan of £172,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE