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Mythe Road, Tewkesbury, Gloucestershire

South West

£975,000
Listed on 18/07/2025

Property Details

Bedrooms
2
Type
Detached house
Area
7800 sqft

Description

Nestled behind secure electric gates, this expansive Victorian residence occupies approximately 2 acres of land on the outskirts of Tewkesbury, presenting a unique opportunity for renovation and investment. With around 7,800 square feet of internal space, the property exudes timeless character while offering considerable flexibility for various uses. The main house features two generous bedrooms, each equipped with an ensuite bathroom, catering perfectly to multigenerational living or the potential for boutique accommodations. The architectural details capture the essence of its period charm, providing a solid foundation for modernization. Additionally, a later-built annex with a separate entrance enhances the property's versatility, allowing for distinct functionalities—be it further living space or commercial use. Accessed via dual gated entrances, the layout promotes privacy and effective separation between the main home and annex. This setup is particularly advantageous for those seeking to create independent living quarters or office spaces while maintaining a residential feel. Surrounded by mature trees and manicured lawns, the expansive grounds not only provide privacy but also evoke a sense of grandeur. Situated just half a mile from Tewkesbury’s vibrant High Street—home to shops, restaurants, and cultural landmarks—as well as being conveniently connected to major roadways (M5/M50) and rail services to London, this location is both accessible and desirable. While the property requires modernization throughout, its generous scale and thoughtful layout offer significant potential for refurbishment or redevelopment (subject to planning permissions). Whether envisioning a grand family home or an innovative business venue, this Victorian residence stands ready for its next chapter. With no onward chain, this could be an exciting project waiting for your vision to bring it back to life.

Investment Analysis

(GL20 area)

Below Market Value

This property is priced -60.3% below area average per sq ft

-60.3%
Potential saving
This Property
£125/sq ft
Area Average
£315/sq ft
Avg Rent (weekly)
£280
Avg Yield
3.9%

Renovation Potential

Est. Renovation Cost
£97,500 - £243,750
10-25% of property value
Target Value
£2,701,842
10% above area average per sq ft
Potential ROI
+121.7%
After renovation
Monthly Sales
22
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (GL20)

Area prices are falling by +4.7% over the last 12 months
3 year growth: 1.8%
5 year growth: 8.1%
Investment Disclaimer: Analysis based on GL20 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

Mythe Road, Tewkesbury, Gloucestershire
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