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Glebe Close, Newent

South West

£280,000
Listed on 21/01/2025

Property Details

Bedrooms
3
Type
Detached
Area
971 sqft

Description

This charming three-bedroom detached cottage, steeped in history as it has been in the same family for over six decades, presents a unique opportunity for those looking to invest in a property with significant renovation potential. Dating back to the mid-1800s, the cottage offers spacious living areas including a lounge and dining room suitable for modernization, alongside a compact kitchen that could benefit from an update. The layout includes three bedrooms, providing ample accommodation options. The expansive gardens at both the front and rear of the property offer considerable space for landscaping or potential extensions (subject to planning permission), making it an attractive project for keen developers or families seeking room to grow. With mains drainage and gas central heating already in place, this property is ready for a new owner’s vision while being conveniently located near Newent town centre.

Investment Analysis

(GL18 area)

Below Market Value

This property is priced -2.3% below area average per sq ft

-2.3%
Potential saving
This Property
£288/sq ft
Area Average
£295/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£315,303
10% above area average per sq ft
Potential ROI
-4.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (GL18)

Area prices are rising by +5.3% over the last 12 months
3 year growth: +0.5%
5 year growth: +6.1%
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 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£999
Based on a loan of £210,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

Price History

-6.7% since listed
£280,000£20,000(-6.7%)
06/05/2026
Current price
£300,000Initial listing
21/01/2025

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