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Royal Parade, Bayshill Road, Cheltenham, GL50 - Image 1
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Royal Parade, Bayshill Road, Cheltenham, GL50 - Image 5

Royal Parade, Bayshill Road, Cheltenham, GL50

South West

£1,375,000
Listed on 04/09/2024

Property Details

Bedrooms
6
Type
Detached house
Area
2142 sqft

Description

This expansive six-bedroom residence, built in 1834, is located along the esteemed Royal Parade in Cheltenham, known for its striking Regency architecture. The property is set on a private road and features a pleasant garden, providing a peaceful retreat amid the vibrant surroundings. While the home showcases timeless period elements, including intricate cornices and generous ceiling heights, it also presents significant renovation potential. Investors and homeowners alike will appreciate the opportunity to modernize and personalize the space, breathing new life into its historic charm. Moreover, there is potential for expansion of the existing structure, subject to obtaining planning permission, which could allow for an additional annexe or enhanced living areas. The property's strategic location on Bayshill Road offers easy access to notable local amenities and educational institutions such as Cheltenham Ladies College and Malmaison. This makes it not only a desirable residential option but also a sound investment opportunity in an area with strong demand for high-quality housing.

Investment Analysis

(GL50 area)

Above Market Value

This property is priced +70.8% above area average per sq ft

+70.8%
This Property
£642/sq ft
Area Average
£376/sq ft
Avg Rent (weekly)
£279
Avg Yield
4.0%

Renovation Potential

Est. Renovation Cost
£137,500 - £343,750
10-25% of property value
Target Value
£885,696
10% above area average per sq ft
Potential ROI
-48.5%
After renovation
Monthly Sales
28
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (GL50)

Area prices are stable by +0.6% over the last 12 months
3 year growth: 0.7%
5 year growth: 17.4%
Investment Disclaimer: Analysis based on GL50 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Royal Parade, Bayshill Road, Cheltenham, GL50
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