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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 cherished by the same family for six decades, highlighting its historical significance and potential for modernization. Believed to date back to the mid-1800s, this property presents a unique opportunity for buyers looking to invest in a character home with ample scope for expansion (subject to planning). The generous garden space, located conveniently near Newent town centre, is ideal for outdoor enthusiasts or those looking to enhance the property further. The internal layout includes an entrance hall leading into a cozy lounge and a separate dining area. The kitchen provides a practical workspace, while the lean-to WC adds functionality. Upstairs, you'll find three well-sized bedrooms along with a bathroom. Outside, the front garden features lawn areas and a driveway leading to the garage, while the rear garden offers plenty of room for gardening projects or potential landscaping improvements, all within an enclosed space. With mains drainage and gas central heating already in place, this property represents a valuable investment opportunity in the South West.

Investment Analysis

(GL18 area)

Above Market Value

This property is priced +2.9% above area average per sq ft

+2.9%
This Property
£309/sq ft
Area Average
£300/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£320,750
10% above area average per sq ft
Potential ROI
-4.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
4
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (GL18)

Area prices are falling by -10.2% over the last 12 months
3 year growth: -10.2%
5 year growth: +3.0%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,082
Based on a loan of £225,000 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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