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East Approach Drive, Pittville, Cheltenham, GL52 - Image 1
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East Approach Drive, Pittville, Cheltenham, GL52 - Image 3
East Approach Drive, Pittville, Cheltenham, GL52 - Image 4
East Approach Drive, Pittville, Cheltenham, GL52 - Image 5

East Approach Drive, Pittville, Cheltenham, GL52

South West

£267,500
Listed on 25/05/2025

Property Details

Bedrooms
2
Type
Flat
Area
962 sqft

Description

This third-floor apartment offers a unique opportunity for renovation and investment, located on a quaint no-through road just moments from the picturesque Pittville Park. The residence features a spacious reception hall that leads into an expansive living and dining area, measuring approximately 20 feet, complete with access to a south-facing balcony that presents far-reaching views of Leckhampton Hill. The layout includes two generously sized double bedrooms equipped with built-in wardrobes, along with a bathroom that provides further potential for customization. Although the property is in need of modernization throughout, this allows for the chance to tailor the space to your preferences or enhance its value significantly. Additional amenities include warm air heating, lift access, a garage, and a separate brick store. Situated within the desirable Pittville area, this property is conveniently close to renowned local attractions such as Prestbury Park Racecourse and the historic Pump Rooms. It benefits from easy access to Cheltenham's vibrant town center, known for its distinguished Regency architecture and cultural events including music, jazz, science, and literature festivals held in Imperial Gardens. With a long lease of 999 years from 1962 and a share of freehold ownership structure, this apartment represents not only a comfortable living space but also a solid investment opportunity in an area that boasts strong appeal in both residential and rental markets. Interested parties are encouraged to assess the potential for upgrades while enjoying the charming surroundings and community atmosphere of Cheltenham.

Investment Analysis

(GL52 area)

Below Market Value

This property is priced -26.1% below area average per sq ft

-26.1%
Potential saving
This Property
£278/sq ft
Area Average
£376/sq ft
Avg Rent (weekly)
£276
Avg Yield
3.2%

Renovation Potential

Est. Renovation Cost
£26,750 - £66,875
10-25% of property value
Target Value
£398,306
10% above area average per sq ft
Potential ROI
+19.1%
After renovation
Monthly Sales
55
Average per month
Market Turnover
39%
Properties sold annually

Local Market Trend (GL52)

Area prices are falling by +3.1% over the last 12 months
3 year growth: 10.3%
5 year growth: 15.9%
Investment Disclaimer: Analysis based on GL52 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

East Approach Drive, Pittville, Cheltenham, GL52
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