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The Forge House, Flaxley, Newnham

South West

£325,000
Listed on 20/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This three-bedroom detached property presents a unique opportunity for renovation enthusiasts and investors looking to create a distinctive home. Nestled on a generous plot within a sought-after rural location, it offers significant potential for transformation. The property is being sold with no onward chain and vacant possession, simplifying the purchasing process. Spanning two floors, the layout includes an entrance hall leading to a lounge and dining room, as well as a kitchen that can be reimagined to suit modern living standards. The first floor features three bedrooms alongside a family bathroom, all of which can be updated or renovated to enhance comfort and style. Externally, the property boasts a large workshop area and access to a cellar, providing valuable storage options. The grounds are level and offer off-road parking along with scenic views of the surrounding countryside. Situated in close proximity to local villages such as Mitcheldean, residents will appreciate easy access to essential amenities including shops, supermarkets, dining establishments, and recreational facilities. The surrounding Forest of Dean area is known for its beautiful woodland and river walks, enriching the lifestyle of those who choose this location. The property’s advantageous position allows for quick connections to major transport routes, including the Severn Crossings and M4 corridor towards London, Bristol, and Cardiff. Additionally, nearby cities like Gloucester and Cheltenham provide broader access to facilities via the M5. This property holds considerable potential for those willing to invest time and resources into restoring it into a characterful home that reflects personal taste while capitalizing on its prime location. Please note that it has been advised that the property may be "un-mortgageable," emphasizing the need for cash buyers or those exploring alternative financing options.

Investment Analysis

(GL14 area)
Area Average
£265/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (GL14)

Area prices are falling by +6.9% over the last 12 months
3 year growth: -9.1%
5 year growth: 21.5%
Investment Disclaimer: Analysis based on GL14 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

The Forge House, Flaxley, Newnham
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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
£1,191
Based on a loan of £243,750 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