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Melmore Gardens, Cirencester, Gloucestershire, GL7

South West

£145,000
Listed on 13/10/2025

Property Details

Bedrooms
3
Type
Flat
Area
570 sqft

Description

This three-bedroom first-floor maisonette presents a promising opportunity for renovation and investment. While it requires modernization, the property features a good-sized private garden, making it an attractive prospect for those looking to enhance their living space or increase its market value. Spacious and adaptable, the layout includes a porch leading into an entrance hall that offers loft access—ideal for potential expansion or added storage. The kitchen, though in need of updating, is functional and has space for essential appliances. The living room benefits from a feature fireplace, adding character even if it currently isn't operational. Each of the three bedrooms is carpeted and well-proportioned, with one bedroom ideally positioned to serve as a dining room or study depending on your needs. The bathroom is compact but offers the basics necessary for everyday living. Situated in Cirencester—a town rich in Roman history and cultural attractions—this maisonette is conveniently located near amenities such as shops, cafes, and theaters. The thriving town center includes independent retailers and high street options along with recreational spaces like Cirencester Park, which adds to the appeal of this location. Additional benefits include gas-fired central heating, double glazing throughout, low ground rent at £4.50 per year, and no service charges. With 912 years remaining on the leasehold and Council Tax Band A rates, this property combines practicality with significant renovation potential—an ideal canvas for investors or buyers looking to create a customized home in a desirable area.

Investment Analysis

(GL7 area)

Below Market Value

This property is priced -36.1% below area average per sq ft

-36.1%
Potential saving
This Property
£254/sq ft
Area Average
£398/sq ft
Avg Rent (weekly)
£360
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£249,640
10% above area average per sq ft
Potential ROI
+42.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (GL7)

Area prices are falling by +3.1% over the last 12 months
3 year growth: -1.7%
5 year growth: 12.3%
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

Melmore Gardens, Cirencester, Gloucestershire, GL7
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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
£531
Based on a loan of £108,750 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