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Lambsquay Road, Coleford GL16 - Image 1
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Lambsquay Road, Coleford GL16

South West

£400,000
Listed on 26/07/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This three-bedroom detached bungalow offers an exciting opportunity for renovation and investment on a substantial plot of over a quarter of an acre, nestled in the tranquil village of Milkwall. Located just one mile from the market town of Coleford, this property boasts advantageous access to local amenities, including a convenience store, public house, and community sports club, while also benefiting from nearby woodland walks that enhance its appeal. Upon entering, you are greeted by a spacious entrance porch that has the potential to serve multiple purposes—be it as a formal dining area, a home office, or a creative studio. This flexible space is flooded with natural light through windows on two sides and offers scenic views of the front garden. From here, the central hallway leads to all principal rooms in the bungalow, facilitating an open and comfortable flow throughout. The dual-aspect living room is especially noteworthy for its generous dimensions and large picture windows that invite abundant sunlight. This inviting area has potential for varied seating arrangements and features a charming stone fireplace that could be reimagined with a wood-burning stove for added warmth in colder months. The kitchen presents a classic country-style design with plentiful timber-fronted cabinetry and ample space for essential appliances. Its L-shaped layout ensures functional workflow, while the large window above the sink affords a pleasant view of the rear garden. A back door provides easy access to outdoor areas—a practical feature for gardening enthusiasts or those returning from country walks. Although charming as is, there is significant opportunity for modern upgrades to enhance this space further. Each bedroom benefits from natural light and has versatile potential. The main bedroom overlooks lush greenery and can comfortably accommodate a double or king-sized bed along with furnishings. The second bedroom faces the front garden and driveway, making it suitable as an additional guest room or office space. The third bedroom similarly offers flexibility for various uses such as a hobby room or extra guest accommodation. The bathroom features essential fixtures including a full-sized bathtub with an electric shower overhead, alongside opportunities for aesthetic updates that can personalize this essential space. Outside, the property provides ample off-road parking via a gated gravel driveway leading to a detached garage equipped with power and lighting—ideal not only for vehicle storage but also as workshop space. The expansive garden is predominantly laid to lawn and enjoys boundaries edged by mature trees and hedgerows, creating both privacy and tranquility. This generous outdoor area presents numerous possibilities for enhancements such as landscaping projects or future extensions (subject to necessary permits) that could significantly increase property value. Overall, this bungalow stands

Investment Analysis

(GL16 area)
Area Average
£299/sq ft

Renovation Potential

Est. Renovation Cost
£40,000 - £100,000
10-25% of property value
Monthly Sales
9
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (GL16)

Area prices are falling by +6.0% over the last 12 months
3 year growth: 1.3%
5 year growth: 16.9%
Investment Disclaimer: Analysis based on GL16 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

Lambsquay Road, Coleford GL16
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