Shurdington Road, Cheltenham, Gloucestershire

At a £165,000 guide, this three-bedroom Cheltenham terrace is priced at about £187/sq ft against a local average of £462/sq ft—a substantial discount that makes it an unusually compelling acquisition on the asking-price comparison. The auction guide is not a guaranteed final price: bidding can take the hammer above it, so the eventual price may not stay this cheap.

This is a heavy, full-house project, with worn and damaged finishes across several rooms, a tired kitchen and bathroom, and visible ceiling damage and staining. In return, there is scope to reshape and modernise the multiple reception spaces and three-bedroom layout, with a basement and enclosed courtyard adding useful character. A crack is visible on the front elevation, though its significance is unknown; the location also offers convenient access to Cheltenham town centre and local amenities.