New Barn Lane, Cheltenham, Gloucestershire, GL52
By Kingsley Evans
£ 1,400,000
Reviews
3 out of 5 stars
Kingsley Evans says ..
A rare opportunity to acquire a development project with an intended application for the construction of two brand new contemporary homes in this sought after Pittville Location with panoramic views of The Racecourse.
Property Oracle says ..
This property presents a unique opportunity in the desirable Prestbury area of Cheltenham. The substantial 0.45-acre plot offers significant potential, outweighing the need for substantial renovation to the existing building. The location is attractive, with a good school nearby and relatively easy access to Cheltenham Spa railway station. However, buyers should be prepared for a significant investment in modernising or rebuilding the existing property. The list price reflects the land value and redevelopment potential, but a prospective buyer should factor in significant renovation costs. The lack of specifics regarding the number of bedrooms and bathrooms in the existing property or the planning permission for new construction makes a full valuation extremely difficult. More detailed information about the planning permission and build costs is required to fully assess the potential return on investment.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 4
- Location
- 7
- Land
- 8
- Bedrooms
- 0
- Bathrooms
- 0
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 1,007,500.00 £Decreased by 19.91 %
- Average area rental value
- 2,733.00 £/moDecreased by 61.29 %
- Est rental Yield
- 3.26 %Decreased by 51.63 %
- Crime Rate
- 1.00 %Unchanged by 0.00 %
Agent Activity
Kingsley Evans created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Pittville School | Foundation School | Good | 0.53 KM |
| Dunalley Primary School | Community School | Good | 1.14 KM |
| Oakwood Primary School | Foundation School | Good | 1.65 KM |
| Holy Trinity Church Of England Primary School | Voluntary Controlled School | Good | 1.66 KM |
| Berkhampstead School | Other Independent School | 1.69 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| The Spinney | £ 0 | 0 | 0.00 KM |
| The Gardens | £ 0 | 0 | 0.00 KM |
| Ridge Close | £ 0 | 0 | 0.00 KM |
| Anlaby Court | £ 0 | 0 | 0.00 KM |
| Elm Close | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Cheltenham Spa | 4731 | CNM | 4.41 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| New Barn Lane, Cheltenham, GL52 3LB | £ 430,000 | BUY | 7 / 10 | 0.12 KM |
| New Barn Lane, Prestbury | £ 750,000 | BUY | 7 / 10 | 0.13 KM |
| Hillcourt Road, Cheltenham, GL52 | £ 230,000 | BUY | 7 / 10 | 0.18 KM |
| Elm Court, Hillcourt Road, Pittville, Cheltenham, GL52 | £ 230,000 | BUY | 6 / 10 | 0.20 KM |
| New Barn Lane, Cheltenham, Gloucestershire, GL52 | £ 600,000 | BUY | Unknown | 0.22 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 73 New Barn Lane | £ 350,000 | 0.11 KM |
| 33 New Barn Lane | £ 348,120 | 0.11 KM |
| 63 New Barn Lane | £ 180,000 | 0.11 KM |
| 59 New Barn Lane | £ 72,500 | 0.11 KM |
| 47 New Barn Lane | £ 265,000 | 0.12 KM |