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Cranhams Lane, Cirencester

South West

£1,650,000
Listed on 07/11/2024

Property Details

Bedrooms
10
Type
Detached house
Area
5059 sqft

Description

Situated on the outskirts of Cirencester, this substantial Listed property offers a remarkable opportunity for renovation and enhancement, set within an expansive 6.15 acres of land with potential for residential development. Known as The Cranhams, the early Victorian stone residence has a rich history dating back to 1838 and features a later Victorian addition that adds an elegant drawing room and spacious master bedroom suite. The property spans four floors, with principal rooms enjoying southwest and southeast orientations, maximizing natural light through large sash windows. Period characteristics such as high ceilings, a cantilevered stone staircase, flagstone floors, working shutters, and charming fireplaces are present throughout the home. Accessed via a long driveway, the setting boasts rural views from multiple aspects over its gardens and paddock. Having served as a family home for many years, this property now awaits comprehensive updating to realize its full potential.

Investment Analysis

(GL7 area)

Below Market Value

This property is priced -18.3% below area average per sq ft

-18.3%
Potential saving
This Property
£326/sq ft
Area Average
£399/sq ft
Avg Rent (weekly)
£354
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £350,000
Target Value
£2,222,343
10% above area average per sq ft
Potential ROI
+11.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
51
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (GL7)

Area prices are falling by -4.5% over the last 12 months
3 year growth: -7.4%
5 year growth: +7.7%
Investment Disclaimer: Analysis based on GL7 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

Cranhams Lane, Cirencester
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£5,951
Based on a loan of £1,237,500 over 30 years at 4.06% 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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