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Merestones Road, Cheltenham, GL50

South West

£725,000
Listed on 19/03/2026

Property Details

Bedrooms
3
Type
Detached
Area
1884 sqft

Description

This substantial executive home is located in the highly desirable area of Cheltenham, just off The Park on Merestones Road. While the property is currently in need of some modernization, it presents a remarkable opportunity for buyers looking to enhance its value without facing any onward chain. The exterior features ample parking for four vehicles on the driveway, alongside a double garage. The south-facing rear garden, primarily laid to lawn, benefits from excellent sunlight throughout the day. Inside, a welcoming entrance hall opens into a generous lounge that stretches across the house from front to back. At the rear, a spacious kitchen diner overlooks the garden, providing an inviting environment for family meals and gatherings. Additionally, there is a conveniently located downstairs WC. Upstairs, you will find three generously sized double bedrooms, with the largest having potential for conversion into two separate rooms if desired. An ensuite bathroom complements one bedroom while a family bathroom serves the others. Although some updating is required throughout this home, it remains a fantastic canvas for those looking to invest in property in such a sought-after locale.

Investment Analysis

(GL50 area)

Above Market Value

This property is priced +3.4% above area average per sq ft

+3.4%
This Property
£385/sq ft
Area Average
£372/sq ft
Avg Rent (weekly)
£286
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Target Value
£771,555
10% above area average per sq ft
Potential ROI
-2.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (GL50)

Area prices are falling by -9.1% over the last 12 months
3 year growth: -6.2%
5 year growth: +6.6%
Investment Disclaimer: Analysis based on GL50 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

Merestones Road, Cheltenham, GL50
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,615
Based on a loan of £543,750 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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