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St. James Square, Cheltenham, GL50

South West

£550,000
Listed on 22/01/2026

Property Details

Bedrooms
4
Type
Terraced house
Area
1776 sqft

Description

This impressive period townhouse offers a unique investment opportunity in the centre of Cheltenham. Spanning multiple levels, the main house comprises spacious living areas and four bedrooms, designed for versatility and comfort. The property also features a self-contained basement flat, presenting additional rental potential or accommodation for guests. The ground floor includes an inviting entrance hall leading to a modern kitchen/breakfast room equipped with contemporary units and appliances, as well as a separate utility room for added convenience. Flexibility is evident with a snug/dining area that can double as an extra bedroom. Moving up to the first and second floors, you’ll find well-sized bedrooms along with practical spaces, including ensuite facilities and a dressing room that enhances storage options. The modern main bathroom is generous and finished with stylish touches. The basement flat offers significant refurbishment potential; while functional now, its layout awaits reconfiguration to enhance its appeal. The open-plan kitchen/sitting area could be revitalised into a chic living space, while the existing bathroom requires modernisation to meet current standards. Outside, the landscaped rear garden serves as an attractive low-maintenance retreat accessible from both dwellings, perfect for outdoor entertaining or relaxation. Although permit parking is available, the property’s location within walking distance of Cheltenham’s amenities and transport links adds to its allure. Overall, this property represents an excellent opportunity for renovation aimed at maximising space and rental income in a desirable location.

Investment Analysis

(GL50 area)

Below Market Value

This property is priced -17.3% below area average per sq ft

-17.3%
Potential saving
This Property
£310/sq ft
Area Average
£374/sq ft
Avg Rent (weekly)
£290
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £75,000
Target Value
£731,330
10% above area average per sq ft
Potential ROI
+17.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (GL50)

Area prices are falling by -8.2% over the last 12 months
3 year growth: -5.8%
5 year growth: +8.0%
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

St. James Square, 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
£1,984
Based on a loan of £412,500 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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