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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 19/03/2025

Property Details

Bedrooms
19
Type
Detached house

Description

This extensive nineteen-bedroom accommodation property represents a compelling investment opportunity, set in the desirable town centre of Cheltenham, conveniently close to the Spa Railway Station. Currently operating as a room-only service, it boasts a steady income and a loyal clientele while requiring minimal management. The property's substantial structure is situated in a serene neighborhood and provides excellent access to notable attractions including the racecourse, vibrant shopping districts, and gourmet restaurants. To the rear, a generous off-road parking area accommodates multiple vehicles and unlocks potential for further development—subject to requisite planning permissions—making it an even more attractive prospect for investors looking to capitalize on the burgeoning hospitality scene in the area. With a solid foundation already established, this property offers good operational functionality with tidy modern bedrooms equipped with essential amenities such as LCD TVs, fridges, microwaves, and Wi-Fi connectivity throughout. Importantly, there is scope for additional expansion or refurbishment that could enhance both current revenues and future value.

Investment Analysis

(GL51 area)
Area Average
£342/sq ft
Avg Rent (weekly)
£284
Avg Yield
4.2%

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
54
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (GL51)

Area prices are stable by +1.0% over the last 12 months
3 year growth: +3.0%
5 year growth: +20.6%
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

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£5,031
Based on a loan of £1,046,250 over 30 years at 4.06% 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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