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St. Lukes Place, Cheltenham, Gloucestershire, GL53

South West

£365,000
Listed on 28/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
925 sqft

Description

Nestled within a charming residential area, this two-bedroom property presents an excellent opportunity for those looking to invest in a home with significant renovation potential. The exterior is defined by a neat picket fence and gate, offering a quaint entrance that leads to a lattice arch porch, setting the stage for the character found throughout the interior. Inside, the sitting room features classical Georgian-style double-glazed windows that provide ample natural light and views of the surrounding area. The exposed and varnished floorboards add warmth and charm, making it a comfortable space open to personal touches. Moving through the home, the central dining room showcases durable quarry tile flooring and an open doorway that invites access to the basement—a versatile area that can be adapted as needed. The kitchen is functional yet offers considerable scope for modernization. It includes light wood cabinetry with granite effect work surfaces and essential appliances along with space for additional features such as a washing machine and fridge/freezer. A part-glazed door opens onto the garden, enhancing the connection between indoor and outdoor living. The first floor comprises two bedrooms, each with unique features that could be enhanced through renovation. The larger bedroom benefits from dual aspect windows that frame scenic views and includes built-in storage options. The second bedroom is well-proportioned, making it suitable for various uses from guest accommodation to a home office. The bathroom has been updated with modern fixtures while retaining its functional layout. With some reconfiguration or cosmetic updates, this space can easily be transformed into a more luxurious retreat. Outside, the compact rear garden is low-maintenance but offers opportunities for landscaping or gardening projects to suit your personal taste—a great feature for those interested in outdoor living or entertaining. This property boasts freehold tenure and is connected to all main services—gas, electricity, water, and drainage—providing ease of living while you explore its transformation potential. Located in Cheltenham Borough Council's Band 'B' tax bracket, it also represents a viable investment option surrounded by community amenities. Whether you're looking to create your dream home or seeking a project with strong rental prospects, this property presents various avenues for enhancement while being conveniently situated in an attractive neighborhood. Viewing is available by appointment through Sam Ray Property.

Investment Analysis

(GL53 area)

Below Market Value

This property is priced -12.6% below area average per sq ft

-12.6%
Potential saving
This Property
£395/sq ft
Area Average
£452/sq ft
Avg Rent (weekly)
£360
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£459,452
10% above area average per sq ft
Potential ROI
+13.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (GL53)

Area prices are falling by +3.1% over the last 12 months
3 year growth: 3.2%
5 year growth: 14.2%
Investment Disclaimer: Analysis based on GL53 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

St. Lukes Place, Cheltenham, Gloucestershire, GL53
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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
£1,337
Based on a loan of £273,750 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