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Merestones Road, Cheltenham GL50 - Image 1
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Merestones Road, Cheltenham GL50

South West

£725,000
Listed on 24/03/2026

Property Details

Bedrooms
3
Type
Detached
Area
1887 sqft

Description

This substantial home is nestled in a highly desirable area of Cheltenham, specifically on Merestones Road, located just off The Park. The property is presented to the market requiring some modernisation, providing an excellent opportunity for an investor or homeowner to enhance its appeal and increase value. With no onward chain, a swift acquisition is possible. Externally, the property boasts ample parking with space for up to four vehicles on the driveway, complemented by a double garage. The south-facing rear garden features a lawn and side access, ideal for enjoying sunny days and potential landscaping projects. Internally, you are welcomed by a spacious entrance hall leading to a large lounge that stretches from front to back, creating an inviting atmosphere. The generously sized kitchen diner at the rear offers views of the garden and presents an ideal space for renovation. Additionally, there is a convenient downstairs WC. On the first floor, the galleried landing provides access to three spacious double bedrooms; notably, the largest room holds potential for conversion into two separate bedrooms if desired. An ensuite bathroom along with a family bathroom completes this level. While updates are needed throughout the home, purchasers will appreciate the investment potential afforded by this attractive location.

Investment Analysis

(GL50 area)

Above Market Value

This property is priced +2.0% above area average per sq ft

+2.0%
This Property
£384/sq ft
Area Average
£377/sq ft
Avg Rent (weekly)
£284
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£781,501
10% above area average per sq ft
Potential ROI
+0.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (GL50)

Area prices are falling by -7.4% over the last 12 months
3 year growth: -3.3%
5 year growth: +6.0%
Investment Disclaimer: Analysis based on GL50 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

Merestones Road, Cheltenham GL50
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,568
Based on a loan of £543,750 over 30 years at 3.91% 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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