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Despenser Road, Tewkesbury, GL20

South West

£200,000
Listed on 13/03/2026

Property Details

Bedrooms
3
Type
Terraced house

Description

This mid-terrace property presents a promising investment opportunity, requiring some modernisation to unlock its full potential as a spacious family home. The ground floor hosts a dual aspect lounge/dining area, complete with a traditional fireplace that features a gas fire, offering an inviting space for relaxation and entertainment. The kitchen at the rear is flooded with natural light and includes access to the garden, along with plumbing for essential appliances such as a washing machine and cooker, plus a handy pantry for extra storage. On the first floor, you will find three bedrooms—two well-proportioned doubles and a single—that provide ample sleeping quarters or the possibility of reconfiguring layouts for enhanced living space. The bathroom and separate WC are conveniently located on this level and could be combined to create a more functional modern bathroom. Benefitting from UPVC double glazing and gas central heating, this property is ready for updates that could significantly enhance its value. The manageable rear garden features gated access to the front, while both front and back gardens are primarily laid to lawn. Residents enjoy unrestricted roadside parking alongside excellent public transport options nearby. Located in Priors Park within walking distance of Tewkesbury town centre, the property is well-positioned among local shops, schools, and leisure amenities. Furthermore, it offers excellent commuting links to major cities such as Cheltenham, Worcester, Gloucester, and Birmingham via accessible motorway and rail connections.

Investment Analysis

(GL20 area)
Area Average
£321/sq ft
Avg Rent (weekly)
£269
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
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
15%
Properties sold annually

Local Market Trend (GL20)

Area prices are falling by -4.4% over the last 12 months
3 year growth: -1.3%
5 year growth: +1.5%
Investment Disclaimer: Analysis based on GL20 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

Despenser Road, Tewkesbury, GL20
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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
£721
Based on a loan of £150,000 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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