3 bed terraced house for sale

New Street, Town Centre, Cheltenham GL50

Three Bedroom Cottage & Building Plot – Planning Granted for Contemporary Apartments – Cheltenham Town Centre

A rare opportunity to acquire a traditional three bedroom cottage with a brick outbuilding to the rear, positioned in the heart of Cheltenham town centre and offered with the benefit of planning permission. 19 New Street combines an established home with a consented building plot, and the permissions in place allow an incoming purchaser to choose the route that best suits their plans, whether that means retaining the cottage and developing the rear, or redeveloping the site as a whole.

The property is a traditional cottage providing three bedroom accommodation, ideally placed for anyone wanting to live within walking distance of everything Cheltenham has to offer. Homes of this type in a central position are popular with first-time buyers, professionals, downsizers and investors alike, and the cottage has clear potential as a home, a rental investment or a base while development takes place to the rear. To the back of the property sits a brick outbuilding, which forms the footprint of the first part of the approved scheme.

Planning permission has been granted for the construction of two contemporary one bedroom apartments to replace the existing outbuilding, together with the option to demolish the three bedroom cottage and construct two further new one bedroom apartments. The relevant planning references are 22/00437/ful and 21/00096/ful, and we would encourage interested parties to review the approved drawings, decision notices and conditions in full and to make their own enquiries of Cheltenham Borough Council.

This creates a genuinely flexible opportunity with several clear options:

Retain the three bedroom cottage and build two contemporary one bedroom apartments to the rear, creating a mix of homes on one site

*Live in or let the cottage while developing the rear, generating income or a home during the build
*Deliver the full scheme, replacing the cottage with two further apartments to create four contemporary one bedroom homes
*Develop to sell, develop to hold, or build a rental portfolio in a strong town centre letting market

For a developer or local builder, the appeal is immediate. The planning risk has been taken and resolved, removing much of the uncertainty, cost and delay usually associated with buying unconsented land. One bedroom apartments in central Cheltenham attract a wide audience, including young professionals, first-time buyers, key workers, downsizers and those wanting a convenient lock-up-and-leave base, and well-designed new homes in the town centre are particularly well received by both owner occupiers and tenants. For investors, the combination of a central address, low-maintenance new construction and strong rental demand makes the scheme an attractive long-term proposition.

The location is, without question, one of the property's greatest strengths. Cheltenham town centre is right on the doorstep, offering an exceptional range of independent and high street shops, restaurants, bars, cafés, theatres and leisure facilities, as well as the parks and gardens that give the town its distinctive character. Cheltenham is also renowned for its year-round calendar of festivals and events, including the famous racing at Cheltenham Racecourse, which together draw visitors and residents from across the country. Local pubs are within easy reach, and the area is well served by a choice of highly rated primary and secondary schools, a key consideration for buyers and tenants alike.

Transport links are excellent. The A40, M5 and A419 are all easily accessible, providing straightforward routes across Gloucestershire and beyond. Gloucester lies around 7 miles away, Birmingham around 48 miles and London around 98 miles, making the property well placed for commuters and those who travel regularly for work. The beautiful Cotswolds are also within easy reach, offering some of the finest countryside in the country for walking, running, cycling and weekends away, along with a wealth of picturesque market towns and villages to explore.

The wider market backdrop is supportive. Cheltenham continues to be one of the strongest and most resilient residential markets in Gloucestershire, underpinned by its schools, employment base, cultural calendar and transport links. Within that market there remains a persistent shortage of new, well-designed accommodation in the town centre, and good quality one bedroom homes in central locations remain in steady demand from both buyers and tenants. A site offering this degree of choice, with an existing home already in place and consent for new construction, is unusual in such a central position, and it allows a purchaser to phase the project, manage cash flow and tailor the finished scheme to their own investment or lifestyle goals.

Services: Mains water, electricity and drainage are available in the vicinity. Prospective purchasers should satisfy themselves as to the availability, capacity and cost of connection to all services.

Cil Charge: We have not been notified of any cil charges, therefore we recommend you seek your own independent advice.

Prospective purchasers should also satisfy themselves as to all matters relating to access, boundaries, the conditions attached to the planning permissions and any other planning or building regulation considerations prior to purchase.

For further information, or to arrange a viewing, give us a call on .