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Townsend Street, Cheltenham, GL51 - Image 1
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Townsend Street, Cheltenham, GL51

South West

£240,000
Listed on 06/02/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
958 sqft

Description

This mid-terrace three-bedroom property on Townsend Street presents a compelling opportunity for renovation and personalisation. With its classic red-brick exterior nestled in an established residential area, the home is spread over two levels, featuring two reception rooms, a lean-to extension, and essential facilities including a ground floor shower room and a first-floor cloakroom. The interior currently requires general modernisation, making it ideal for first-time buyers and investors looking to add value while being in close proximity to the amenities of Cheltenham Town Centre. Upon entry, you are greeted by a central hallway connecting to various ground floor rooms and stairs leading upstairs. The front-facing reception room is spacious and filled with natural light, offering a versatile space that can adapt to your needs—whether as a formal dining room or informal sitting area. Adjacent is the living/dining room with wood-effect flooring that flows into the lean-to extension, creating an inviting open layout perfect for socialising. The kitchen, located at the rear of the home, includes practical light wood-effect cabinetry and integrates appliances such as a double oven—though it would benefit from cosmetic updates to meet modern standards. The added lean-to enhances functionality, serving well for utility or casual seating while providing access to the rear garden. Upstairs, three bedrooms offer potential for comfortable accommodations: two generous doubles with good natural light and one single bedroom suitable for children or as an office space. The property also features convenient cloakroom facilities on this level. The enclosed rear garden is low-maintenance with paved sections ideal for outdoor seating or entertaining. Additionally, on-street permit parking is available nearby. With no onward chain, this property holds significant investment potential in a desirable location where you can create your ideal home amid Cheltenham's vibrant community.

Investment Analysis

(GL51 area)

Below Market Value

This property is priced -26.7% below area average per sq ft

-26.7%
Potential saving
This Property
£251/sq ft
Area Average
£342/sq ft
Avg Rent (weekly)
£284
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£360,031
10% above area average per sq ft
Potential ROI
+28.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
54
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (GL51)

Area prices are stable by +1.0% over the last 12 months
3 year growth: 3.0%
5 year growth: 20.6%
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

Townsend Street, Cheltenham, GL51
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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
£866
Based on a loan of £180,000 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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