This property presents a rare opportunity for renovation and investment, featuring an approved building plot designed for a three-storey, three-bedroom detached house. Nestled in a well-regarded cul-de-sac, the location offers a blend of convenience and community appeal, making it ideal for potential homeowners or investors looking to capitalize on Cheltenham's vibrant real estate market.
With full planning permission already secured, the proposed design encompasses approximately 1,200 square feet of living space. The envisioned layout includes an entrance hall leading to a cloakroom and an open-plan living/dining/kitchen area that promotes modern family living. The upper levels are thoughtfully designed with two double bedrooms and a bathroom on the first floor, plus an additional spacious double bedroom on the top floor.
This project also allows for off-road parking for two vehicles, alongside plans for an enclosed rear garden—features that enhance both functionality and desirability. Given Cheltenham’s strong housing market and historical significance—including its famous festivals and Regency architecture—this property is strategically positioned to attract interest from future buyers or renters.
Additionally, potential investors should be aware of associated costs: there is a Community Infrastructure Levy (CIL) payment of approximately £12,259.00 and an estimated drainage cost of around £15,000. The overall investment in this build could yield significant returns due to the area's ongoing appeal.
In summary, this plot not only offers a substantial opportunity to create a desirable family home but also stands as a promising investment in one of Gloucestershire's most sought-after towns.
