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Rodney Road, Cheltenham, GL50 1HX

South West

£695,000
Listed on 30/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2468 sqft

Description

Nestled within the historic Rodney Terrace, Grove House stands as a distinguished Grade II listed Georgian townhouse, offering an impressive 2,400 sq. ft. of adaptable living space over three levels. This property is rich in character with original features including elegant sash windows and intricate cornicing, making it a remarkable canvas for further enhancement. The current owner has initiated careful restorative work that respects the building's architectural heritage while setting the stage for potential transformation. With approved planning permission in place, there exists a unique opportunity for a new buyer to elevate this home into a luxurious five-bedroom residence complete with five bathrooms. The layout is designed to integrate modern living while honouring its period charm, featuring plans for an open-plan kitchen and sitting room on the raised ground floor and a mezzanine study ideal for remote working. The upper levels offer ample accommodation with four bedrooms, one serving as a dressing room, while the lower ground level provides versatile space including access to a courtyard garden—perfect for hosting or enjoying peaceful moments outdoors. Given its separate entrance, this level can serve multiple purposes: from guest suites to private apartments. Centrally located in Cheltenham, residents will appreciate proximity to local amenities such as John Lewis, shops along the High Street, and vibrant dining options nearby. The town is known for its cultural events and excellent education facilities. Grove House thus presents an exciting renovation prospect; it combines historical significance with modern residential potential, poised to attract those looking to invest in a distinctive property that blends heritage with contemporary needs.

Investment Analysis

(GL50 area)

Below Market Value

This property is priced -24.5% below area average per sq ft

-24.5%
Potential saving
This Property
£282/sq ft
Area Average
£373/sq ft
Avg Rent (weekly)
£287
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£1,012,892
10% above area average per sq ft
Potential ROI
+7.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (GL50)

Area prices are falling by +6.4% over the last 12 months
3 year growth: -6.7%
5 year growth: 8.6%
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

Rodney Road, Cheltenham, GL50 1HX
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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
£2,546
Based on a loan of £521,250 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