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Springbank Road, Cheltenham, GL51 - Image 1
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Springbank Road, Cheltenham, GL51

South West

£500,000
Listed on 02/01/2026

Property Details

Bedrooms
4
Type
Detached house
Area
2001 sqft

Description

This spacious four-bedroom detached bungalow presents a compelling opportunity for those looking to invest in a property with substantial renovation potential. Set in a serene location with lovely countryside views, this home offers a blend of privacy and accessibility to local amenities and transport links. With over 2,000 square feet of flexible living space, the interior is well-maintained yet ripe for modernization, allowing new owners to inhabit the property while planning updates at their leisure. The entrance hallway welcomes you into expansive living areas that include a generous living room perfect for family gatherings and a separate dining room ideal for entertaining. A sunroom off the dining area enhances the connection to the outdoors, providing an inviting space to relax. The kitchen is functional with adequate worktop and storage, complemented by a utility room for added convenience. A dedicated office space caters to modern working needs or can be repurposed according to personal preferences. All four bedrooms are good-sized doubles, offering versatility for families or guests. The principal suite features an en suite bathroom, while additional bathrooms accommodate family needs comfortably. Outside, a double garage and ample off-road parking enhance practicality. The substantial plot also allows significant scope for extension or reconfiguration, pending appropriate planning consent. With its tranquil setting and expansive interior layout, this bungalow not only provides comfort but also significant scope for transformation into a modern family home. It’s an excellent chance for buyers ready to add their personal touch and elevate the property’s value.

Investment Analysis

(GL51 area)

Below Market Value

This property is priced -26.5% below area average per sq ft

-26.5%
Potential saving
This Property
£250/sq ft
Area Average
£340/sq ft
Avg Rent (weekly)
£297
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£748,154
10% above area average per sq ft
Potential ROI
+29.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Springbank Road, Cheltenham, GL51
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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
£1,832
Based on a loan of £375,000 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