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Springbank, Cheltenham

South West

£265,000
Listed on 26/02/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
753 sqft

Description

This semi-detached bungalow in Springbank presents an excellent opportunity for renovation enthusiasts or investors. While the property requires some updating, it retains appealing features including gas central heating and double glazing. The layout comprises an entrance hall, a spacious living room, a kitchen, a conservatory that doubles as a dining area, two bedrooms (with one equipped with fitted furniture), and a bathroom. Externally, the property boasts a driveway suitable for multiple vehicles, a carport, and a south-easterly facing rear garden which could be revitalized into an outdoor retreat. Situated on the west side of Cheltenham, this property enjoys convenient access to GCHQ and major transport links like the A40 and M5. Local amenities are within easy reach; Gallagher Retail Park and other shopping destinations are approximately 1 to 1.5 miles away, offering a variety of shops and eateries such as Marks & Spencer's food hall and Sainsbury's. Educational facilities are also close by including Springbank Primary Academy and well-regarded secondary schools. With its desirable location and potential for enhancement through refurbishment, this bungalow stands as an exciting project for those looking to create their ideal home or investment.

Investment Analysis

(GL51 area)

Above Market Value

This property is priced +3.0% above area average per sq ft

+3.0%
This Property
£352/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
£282,989
10% above area average per sq ft
Potential ROI
-7.2%
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

Springbank, Cheltenham
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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
£956
Based on a loan of £198,750 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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