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16, Portland Street, Cheltenham

South West

£225,000

Listed on 13/03/2026

Property details

Bedrooms
N/A
Type
Retail Property (high Street)
Area
877 sqft

Description

This freehold property, located just 190m from Cheltenham High Street, presents a unique investment opportunity. The four-storey building features a mix of retail and office spaces, with the ground floor and basement having been previously utilized as a café. The upper levels are currently designed as offices but hold significant potential for conversion into residential units, pending necessary consents. Notable amenities include two access points, solar panels for energy efficiency, restrooms, and kitchen facilities. With its prime location and versatile layout, this property can be transformed to meet various commercial or residential demands.

Investment analysis

(GL52 area)

Below Market Value

This property is priced -31.5% below area average per sq ft

-31.5%
Potential saving
This Property
£257/sq ft
Area Average
£375/sq ft
Avg Rent (weekly)
£298
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £120,000
Target Value
£361,425
10% above area average per sq ft
Potential ROI
+4.8%
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
11%
Properties sold annually

Local Market Trend (GL52)

Area prices are rising by +2.3% over the last 12 months
3 year growth: +4.3%
5 year growth: +9.6%
Investment Disclaimer: Analysis based on GL52 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

16, Portland Street, Cheltenham
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£850
Based on a loan of £168,750 over 30 years at 4.45% 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.

Stamp duty calculator

This calculation uses non-residential (land/commercial) tax rates.

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