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Old Bath Road, Cheltenham Town Centre

South West

£600,000

Listed on 01/06/2026

Property Details

Bedrooms
6
Type
Semi Detached
Area
3226 sqft

Description

This distinctive period property, originally constructed in the late 1800s, is currently divided into three separate flats but is now available as a single freehold. The residence has significant character and provides an array of configurations, making it suitable for diverse living arrangements or investment opportunities. The ground and basement levels form a duplex apartment, while the upper floors comprise two self-contained apartments. There’s potential to revert the duplex back to individual units, enhancing its rental appeal. Featuring a private courtyard garden and off-road parking, this property also presents opportunities for modernization or redesign that could significantly increase its market value. Each flat exhibits unique features including high ceilings, period details, and spacious layouts. The property's layout allows for flexible use – whether as a single-family home or multiple rentals – catering to various market demands. Moreover, Cheltenham’s vibrant community and accessibility to major transport links make this property particularly appealing. Overall, this offers a rare chance to invest in a versatile building with substantial renovation potential that can be tailored to meet contemporary needs.

Investment Analysis

(GL53 area)

Below Market Value

This property is priced -59.8% below area average per sq ft

-59.8%
Potential saving
This Property
£186/sq ft
Area Average
£463/sq ft
Avg Rent (weekly)
£316
Avg Yield
2.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£1,643,357
10% above area average per sq ft
Potential ROI
+128.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (GL53)

Area prices are falling by -5.1% over the last 12 months
3 year growth: +1.6%
5 year growth: +12.8%
Investment Disclaimer: Analysis based on GL53 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

Old Bath Road, Cheltenham Town Centre
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,267
Based on a loan of £450,000 over 30 years at 4.45% 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.

Stamp Duty Calculator

Price History

-14.3% since listed
£600,000£50,000(-7.7%)
01/07/2025
Current price
£650,000£50,000(-7.1%)
04/04/2025
£700,000Initial listing
31/03/2025

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