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RoomsBooked Gloucester Road, 298 Gloucester Road, Cheltenham, GL51 7AG - Image 1
RoomsBooked Gloucester Road, 298 Gloucester Road, Cheltenham, GL51 7AG - Image 2
RoomsBooked Gloucester Road, 298 Gloucester Road, Cheltenham, GL51 7AG - Image 3
RoomsBooked Gloucester Road, 298 Gloucester Road, Cheltenham, GL51 7AG - Image 4
RoomsBooked Gloucester Road, 298 Gloucester Road, Cheltenham, GL51 7AG - Image 5
RoomsBooked Gloucester Road, 298 Gloucester Road, Cheltenham, GL51 7AG - Image 6
RoomsBooked Gloucester Road, 298 Gloucester Road, Cheltenham, GL51 7AG - Image 7
RoomsBooked Gloucester Road, 298 Gloucester Road, Cheltenham, GL51 7AG - Image 8
RoomsBooked Gloucester Road, 298 Gloucester Road, Cheltenham, GL51 7AG - Image 9

RoomsBooked Gloucester Road, 298 Gloucester Road, Cheltenham, GL51 7AG

South West

£1,395,000
Listed on 19/05/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This substantial nineteen-bedroom accommodation property is strategically positioned in the heart of Cheltenham, just a stone's throw from the Spa Railway Station. This establishment showcases promising investment potential with its current ability to generate strong profit margins and a loyal customer base. The property comprises two buildings: the main structure housing nine rooms and a separate annex featuring ten additional rooms, all equipped with essential amenities including LCD TVs, fridges, microwaves, and modern bathrooms. While currently operating efficiently as a low-maintenance business, there exists substantial potential for enhancement or expansion through appropriate development, given its generous land plot and existing off-road parking facilities. Its prime location ensures easy access to Cheltenham’s vibrant attractions such as the bustling high street, cultural events like the Jazz Festival, and local dining hotspots. For investors looking to improve their portfolio or develop further within this desirable area of the Cotswolds, this opportunity merits serious consideration.

Investment Analysis

(GL51 area)
Area Average
£340/sq ft
Avg Rent (weekly)
£297
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
52
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (GL51)

Area prices are rising by +2.5% over the last 12 months
3 year growth: 4.8%
5 year growth: 22.4%
Investment Disclaimer: Analysis based on GL51 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

RoomsBooked Gloucester Road, 298 Gloucester Road, Cheltenham, GL51 7AG
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£5,110
Based on a loan of £1,046,250 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE