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Springbank Way, Cheltenham, Gloucestershire, GL51 - Image 1
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Springbank Way, Cheltenham, Gloucestershire, GL51 - Image 3
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Springbank Way, Cheltenham, Gloucestershire, GL51 - Image 5
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Springbank Way, Cheltenham, Gloucestershire, GL51 - Image 7
Springbank Way, Cheltenham, Gloucestershire, GL51 - Image 8
Springbank Way, Cheltenham, Gloucestershire, GL51 - Image 9
Springbank Way, Cheltenham, Gloucestershire, GL51 - Image 10

Springbank Way, Cheltenham, Gloucestershire, GL51

South West

£270,000
Listed on 21/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
828 sqft

Description

Nestled in the desirable neighborhood of Springbank Way, this three-bedroom property offers a promising canvas for renovation and investment potential. While it currently requires modernization, its solid foundation and layout present an opportunity to create a tailored living space that suits contemporary lifestyles. The property comes to market with no onward chain, allowing for a smooth transition for prospective buyers. Accessed via a driveway that leads to a convenient side entrance, the ground floor features an entrance hall that opens into a spacious sitting room measuring 16' by 10'11. This area provides ample natural light and could be transformed into an inviting gathering space. Adjacent to this is an open-plan kitchen and dining room, complete with sliding doors that lead out to the south-easterly facing garden—ideal for outdoor entertaining or future landscaping projects. On the first floor, you'll find practical living spaces including a family bathroom equipped with a shower over the bath, as well as three bedrooms: one single bedroom and two double bedrooms. The primary bedroom is particularly noteworthy at 15'11 x 11'1, offering generous proportions that invite potential redesign or expansion. The rear garden is fully enclosed and oriented towards the southeast, ensuring plenty of sunlight throughout the day. With its established residential surroundings and proximity to local amenities, this property not only holds immediate renovation opportunities but also potential for long-term value appreciation in a thriving community.

Investment Analysis

(GL51 area)

Below Market Value

This property is priced -4.1% below area average per sq ft

-4.1%
Potential saving
This Property
£326/sq ft
Area Average
£340/sq ft
Avg Rent (weekly)
£297
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£309,581
10% above area average per sq ft
Potential ROI
-0.1%
After renovation
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

Springbank Way, Cheltenham, Gloucestershire, GL51
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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
£989
Based on a loan of £202,500 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