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Springbank, Cheltenham

South West

£600,000

Listed on 14/05/2026

Property Details

Bedrooms
4
Type
Detached
Area
1615 sqft

Description

This spacious detached home features four bedrooms and three bathrooms, offering a wealth of potential for those looking to renovate. While the property could benefit from modernization, it presents an exciting opportunity for further development on the generous plot of approximately 965 square meters (10,380 square feet). Current drafts from architects reveal plans for possible extension, which might even allow for additional dwellings or a self-contained annexe in the rear garden. Options include creating a pair of semi-detached houses or possibly larger detached properties, making this ideal for investors or families wanting to expand their living space. It is essential for prospective buyers to verify any necessary planning permissions as part of their due diligence.

Investment Analysis

(GL51 area)

Above Market Value

This property is priced +7.3% above area average per sq ft

+7.3%
This Property
£372/sq ft
Area Average
£346/sq ft
Avg Rent (weekly)
£287
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£615,113
10% above area average per sq ft
Potential ROI
-10.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
57
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (GL51)

Area prices are stable by -1.9% over the last 12 months
3 year growth: -0.8%
5 year growth: +12.3%
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 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£2,141
Based on a loan of £450,000 over 30 years at 3.97% 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

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