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Land at Springfield Close, The Reddings, Cheltenham, Gloucestershire, GL51 6SE - Image 1
Land at Springfield Close, The Reddings, Cheltenham, Gloucestershire, GL51 6SE - Image 2

Land at Springfield Close, The Reddings, Cheltenham, Gloucestershire, GL51 6SE

South West

£30,000
Listed on 15/06/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This offering presents a unique opportunity to acquire a plot of land spanning approximately 390 sq m (4,197 sq ft), complete with approved planning permission for the construction of a two-bedroom house. The freehold status of the property ensures full ownership and control over future developments. Located in a residential area, the site benefits from proximity to local shops and essential amenities, enhancing its appeal for both homeowners and potential tenants. Additionally, Benhall Park is nearby, providing green space for outdoor activities and community engagement. Transportation needs are well catered for, with Cheltenham Spa rail station just a short distance away, connecting residents to wider regional destinations. The granted planning permission (ref: 24/00389/FUL), approved by Cheltenham Borough Council on 19th April 2024, opens avenues for development that can be tailored to meet market demands. This plot offers significant investment potential; whether aiming to construct the proposed dwelling or exploring alternative uses in the future, there is ample scope for value appreciation as the area continues to develop. Prospective buyers should conduct their own due diligence regarding site measurements and any potential restrictions or rights concerning land use. It’s advisable to verify all details and planning conditions prior to proceeding. This property represents an exciting chance to invest in a growing locality with tangible returns on investment potential through thoughtful development.

Investment Analysis

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

Renovation Potential

Heavy 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

Land at Springfield Close, The Reddings, Cheltenham, Gloucestershire, GL51 6SE
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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
£110
Based on a loan of £22,500 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.

Next Steps

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