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Glebe Close, Newent

South West

£300,000
Listed on 21/01/2025

Property Details

Bedrooms
3
Type
Detached house
Area
971 sqft

Description

This charming three-bedroom detached cottage has been a cherished family home for six decades, steeped in history and character dating back to the mid-1800s. Positioned conveniently close to the center of Newent, the property boasts a substantial garden that provides ample room for expansion and landscaping opportunities, subject to planning permission. Inside, the cottage features a welcoming entrance hall that leads into a spacious lounge measuring 4.70m x 3.56m (15'5 x 11'8). The adjoining dining room, at 3.94m x 3.73m (12'11 x 12'3), offers flexibility for both family gatherings and entertaining guests. The kitchen, spanning 3.73m x 2.29m (12'3 x 7'6), is functional yet ripe for modernization or redesign according to personal taste. The sleeping accommodations include three bedrooms: the main bedroom is generously sized at 4.09m x 3.53m (13'5 x 11'7), while the second and third bedrooms measure 3.73m x 2.29m (12'3 x 7'6) and 2.84m x 2.08m (9'4 x 6'10) respectively, presenting potential for reconfiguration or enhancement. A lean-to WC adds practicality to the layout, and a bathroom completes the living spaces within this cottage. Outside, a well-maintained front garden is complemented by driveway access leading to a garage, while the rear garden primarily features lawn space enclosed by fencing—ideal for gardening enthusiasts looking to cultivate their outdoor oasis. Equipped with mains drainage and gas central heating, this freehold property combines comfortable living with investment potential in an appealing location near local amenities in Newent. Whether you envision restoring its historical charm or transforming it into a modern haven, this cottage holds promise for strategic renovation or development opportunities in today's market.

Investment Analysis

(GL18 area)

Above Market Value

This property is priced +2.5% above area average per sq ft

+2.5%
This Property
£309/sq ft
Area Average
£301/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£321,872
10% above area average per sq ft
Potential ROI
-10.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (GL18)

Area prices are falling by +13.1% over the last 12 months
3 year growth: -11.2%
5 year growth: 5.5%
Investment Disclaimer: Analysis based on GL18 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

Glebe Close, Newent
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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
£1,099
Based on a loan of £225,000 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