Flat 7, 16 Grosvenor Street, Cheltenham, GL52 2SG

This two-bedroom flat in a Grade II Listed Regency building presents a solid opportunity for renovation enthusiasts. While the interior is dated and requires modernisation, the long lease of approximately 964 years offers stability and potential for long-term value. The living room, bedrooms, kitchen, and bathroom all show signs of wear, with basic fittings and fixtures that can be improved upon. With a refurbishment budget estimated between £40,000 and £80,000, there's ample scope to enhance the living space and create a more contemporary feel.

Located near Cheltenham's amenities and transport links, this flat is poised for revitalisation. Though the asking price of £60,000 does not provide a usable floor area for direct comparison to local £/sqf values, it remains a reasonable entry point for a project of this scale. Bidders at the online auction should keep in mind that competition could drive the final price above this guide, but the potential for a rewarding project is certainly there.