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See how verdicts workHouse · GL51 6SE
SoldListed 500 daysAuction 3 Jul · ended
Opportunity summary
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About
Please refer to auctioneer for more information Guide Price = £30,000+ **For Sale By Public Auction 3rd July 2025 10:00 AM To inspect the legal documents for this property go to our website to download the legal pack** A Plot of Land Measuring Approximately 390 sq m (4,197 sq ft).
Offered With Planning Permission for the Erection of a Two Bedroom House Tenure Freehold Location The land is situated on a residential road close to local shops and amenities.
The open spaces of Benhall Park are within easy reach. Transport links are provided by Cheltenham Spa rail station.
Description The lot comprises a parcel of land measuring approximately 390 sq m (4,197 sq ft). Note The site area depicted within the plan in the auction particulars is for indicative purposes only.
Additionally, any measurements stated may not be exact.
Buyers should rely on their own enquiries with regard to precise measurements, any consents or rights over the land and any possible development potential or alternative uses for this site.
Some or all of the plot may comprise adopted highway land.
Planning Cheltenham Borough Council granted the following planning permission (ref: 24/00389/FUL) on 19th April 2024: 'Erection of one dwelling house.' Open Site
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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
Agent & docs
FAQ
About Land at Springfield Close, The Reddings, Cheltenham, Gloucestershire, GL51 6SE
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