Summary - 20 MITRE STREET CHELTENHAM GL53 7JS
3 bed 2 bath End of Terrace
Flexible multi-level home with conversion potential near parks and town.
Previously operated as a 4‑bed student let generating £23,163 pa gross
A substantial Victorian end-of-terrace offering flexible accommodation across three floors, previously run as a four‑bed student let producing a gross annual income of £23,163. The property sits on a quiet no‑through road close to Sandford Park, the Lido and Cheltenham town centre — an attractive urban position for lettings or conversion to a family home. Benefits include gas central heating, double glazing, a useful lower‑ground reception room and a small rear courtyard.
The house has solid period construction and generous overall floor area (circa 1,283 sq ft) but will reward updating. Internal refurbishment and reconfiguration could increase rental yield or create a comfortable three‑bed family layout. Freehold tenure and no onward chain simplify purchase and completion.
Buyers should note material drawbacks: the property is in a neighbourhood with higher crime statistics and a medium flood risk. The wall construction is likely uninsulated solid brick, so thermal improvements may be needed. Cosmetic and layout works are required if converting from the previous student arrangement to a modern family home.
For investors this is a turn‑key income opportunity with visible scope for value uplift through refurbishment and optimisation. For owner‑occupiers the location and room proportions offer a characterful base close to parks, schools and local amenities, provided you are prepared to carry out modernisation works.
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