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Abbey House, Cirencester, Gloucestershire, GL7

South West

£230,000
Listed on 29/12/2025

Property Details

Bedrooms
2
Type
Flat
Area
797 sqft

Description

This generously proportioned two-bedroom apartment is situated in a quiet area of Cirencester's town center and is being offered with no onward chain. The property features pleasant southerly views towards the Church of St John the Baptist, making it an appealing choice for those seeking tranquility amidst urban conveniences. Although it requires updating to fully realize its potential, the apartment boasts a private garage and access to well-maintained communal gardens, enhancing its overall appeal. Comprising an entrance hall, spacious sitting room, kitchen/dining room, two comfortable bedrooms, bathroom, and separate WC, this upper-floor unit offers a versatile layout for modernization. With both the living area and one bedroom enjoying bright southern exposure, there are opportunities to create inviting spaces that take advantage of natural light. Additionally, this property comes with a long lease of 999 years initiated on 1 August 1991 and carries a service charge of approximately £1,600 per annum alongside a peppercorn ground rent. The current services include mains electricity, water and drainage, as well as oil-fired central heating. This apartment represents a solid investment opportunity for those looking to refurbish and create their ideal living space or capitalize on the rental market in this desirable location.

Investment Analysis

(GL7 area)

Below Market Value

This property is priced -27.5% below area average per sq ft

-27.5%
Potential saving
This Property
£289/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
£349,058
10% above area average per sq ft
Potential ROI
+34.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Abbey House, 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
£843
Based on a loan of £172,500 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