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Marsh Lane, Cheltenham, Gloucestershire GL51 - Image 1
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Marsh Lane, Cheltenham, Gloucestershire GL51

South West

£200,000
Listed on 17/03/2026

Property Details

Bedrooms
2
Type
Terraced
Area
983 sqft

Description

This charming two-bedroom period home situated on the historic Marsh Lane in Cheltenham presents an exceptional opportunity for those interested in a renovation project that promises significant rewards. As you step through the spacious hallway, you are greeted by a striking stripped wooden staircase, showcasing the character that awaits restoration. The sitting room, with its original fireplace and built-in storage, offers a focal point brimming with potential to be revitalized into a warm gathering space. The kitchen at the rear is surprisingly roomy and features a walk-in pantry along with direct access to the walled garden, which could be transformed into a delightful outdoor sanctuary with some creative redesign. One of the standout features of this property is the basement—an exciting blank slate that could be converted into additional living space, such as an office or extra bedroom, subject to necessary planning permissions. On the half landing is the family bathroom alongside a modest second bedroom, while the principal bedroom occupies a generous space on the upper floor. Marsh Lane has historical significance, once known for its market gardens and now conveniently located near Cheltenham’s vibrant town centre, offering independent shops, cafés, and lovely parks like Pittville Park. The area boasts excellent schooling options and good transport links. Although this home requires extensive updating throughout, its inherent period features and flexible layout present a fantastic opportunity for imaginative buyers looking to craft their own unique residence in this desirable region.

Investment Analysis

(GL51 area)

Below Market Value

This property is priced -41.5% below area average per sq ft

-41.5%
Potential saving
This Property
£203/sq ft
Area Average
£348/sq ft
Avg Rent (weekly)
£294
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £85,000
Target Value
£375,806
10% above area average per sq ft
Potential ROI
+31.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
53
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (GL51)

Area prices are stable by -1.3% over the last 12 months
3 year growth: -0.6%
5 year growth: +14.3%
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

Marsh Lane, Cheltenham, Gloucestershire GL51
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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
£708
Based on a loan of £150,000 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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