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Blacksmith Lane, Prestbury, Cheltenham, GL52

South West

£950,000

Listed on 10/07/2026

Property details

Bedrooms
5
Type
Detached
Area
2720 sqft

Description

This property presents a unique chance to acquire a spacious village home along with a consented residential development plot, situated in a quiet and desirable location in Prestbury. Positioned on Blacksmiths Lane, this property enjoys serene views over the village allotments towards Battledown and the picturesque Cotswold escarpment, all while being conveniently close to Prestbury's amenities including pubs, shops, and local facilities. Originally built in the 1840s and significantly extended in the 1980s, this residence offers around 2,720 sq ft of versatile accommodation spread across two floors. With four reception rooms and five double bedrooms—two of which are en-suite—the layout is perfect for larger families or those requiring flexible living spaces for work or guests. A unique conservatory on the first floor allows for enjoyable views over the expansive garden. While some updating is needed to bring this substantial home back to its full potential, it provides an outstanding opportunity for buyers to reimagine and enhance it according to their personal taste. The property sits on approximately one-third of an acre and features a large rear garden with existing planning permission for a detached four-bedroom house complete with a double garage. This planned dwelling will have its own access via a private driveway beside the main house, making it an attractive prospect for self-builders or investors seeking multi-generational living arrangements. Moreover, ample driveway parking alongside the double garage ensures convenient access for both dwellings. Opportunities that combine such a significant family home with an approved development project are exceedingly rare. This property is available with no onward chain, providing buyers with not just a spacious residence but also significant potential for future investment value.

Investment analysis

(GL52 area)

Below Market Value

This property is priced -6.8% below area average per sq ft

-6.8%
Potential saving
This Property
£349/sq ft
Area Average
£375/sq ft
Avg Rent (weekly)
£298
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £150,000
Target Value
£1,120,953
10% above area average per sq ft
Potential ROI
+1.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Blacksmith Lane, Prestbury, Cheltenham, GL52
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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
£3,589
Based on a loan of £712,500 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

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