4-bedroom detached house · GL51 0LB
For saleListed 159 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
RESIDENTIAL DEVELOPMENT PLOT. Architect draft plans for the erection of 3 dwellings and planning consultants advice.
Suggestion is for a pair of three bedroom, two bathroom semi-detached houses and a detached chalet bungalow at the rear. This deceptively large plot has scope and space for redevelopment.
Alternatively the current property could be upgraded to provide a characterful large detached home – currently offering four bedrooms and three bathrooms – with a very large and private garden.
Please see the agents for more details. Large plot measuring c.965 sq mtr (10,380 sq ft).
In our opinion this plot lends itself to redevelopment The prospective purchaser would be responsible for obtaining planning permission.
Suggested Potential Value of the 3 properties built:- Detached Chalet Bungalow - in the region of £450,000 - £500,000 Three bedroom, two bedroom semi detached houses - £350,000 - £375,000 All information subject to legal confirmation Important Notice: SureLet have not tested any apparatus/installations/ services and cannot vouch for their condition.
We therefore strongly recommend that their condition is verified by prospective purchaser(s) through surveyors or solicitors.
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Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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About Springbank, Cheltenham
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