# 2 bedroom end of terrace house for sale (GL51 0TZ)

## Property Details

| Key | Value |
|-----|-------|
| Address | 23 MEADOW CLOSE, CHELTENHAM, GLOUCESTERSHIRE GL51 0TZ |
| Price | £250,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | B |
| Construction age | England and Wales: 1983-1990 |
| Floor area | 54 m² |
| Last sold | £260,000 Nov 2023 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** B
- **Expiry date:** 16/04/2033
- **Current heating cost:** £736/year
- **Est. upgrade cost to C:** £14,520

### Recommendations
- W2 (£4,000 - £6,000)
- E (£20)
- N (£4,000 - £6,000)
- U (£3,500 - £5,500)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/9638-3025-0204-5887-9204)

## Description

Please quote Ref AH0137. A superbly presented, immaculate two bedroom home on the convenient south western suburb of Cheltenham, handy for both the M5 and the area's big employers like GCHQ. The property is located in a cul de sac. One thing noticeable on approach is the wider than normal plot with space for the really useful shed/store on the side. This also widens the rear garden and provides side by side parking on the front on the block paved driveway, no need to worry about who leaves the house first!

Once inside, the hallway offers a space to hang the coats and store the shoes. There is then an archway into an excellent, modern kitchen, with sink under the window looking out to the front.

The living room is to the rear and has space for a neat corner sofa and table with four chairs, especially if you mount your TV on the wall. There is a useful downstairs cupboard in the corner of here for the vacuum etc. The patio doors open out onto the garden with its unusually wide plot giving a generous size outside space. There is a patio to enjoy in the summer and a rear door into the "garage like" shed/store room. This is an excellent place to house bikes, the mower and much more, leaving the garden free of sheds. 

Upstairs the master bedroom is well proportioned and has a built in wardrobe, along with a useful recess behind the stairs for another, or a dressing table. The second bedroom is a good single and makes a great office, as is currently used, or occasional bedroom. The bathroom is a smart white suite with a shower over the bath and a window. 

This whole house has a feel of quality and is well maintained and looked after. The property is ideal for a first time buyer, buy to let or even someone downsizing. Its location is perfect for access, with the M5 just 1.2 miles away. The A40 Golden Valley bypass opens up routes to the Forest of Dean, Gloucester, Oxford and the M5 to the M4 and London.

A smart and well looked after home, ready to view.

## Property Photos

- ![Photo](/listings/photos/134278331/685875)
- ![Photo](/listings/photos/134278331/685882)
- ![Photo](/listings/photos/134278331/685888)
- ![Photo](/listings/photos/134278331/685895)
- ![Photo](/listings/photos/134278331/685905)
- ![Photo](/listings/photos/134278331/685915)
- ![Photo](/listings/photos/134278331/685923)
- ![Photo](/listings/photos/134278331/685931)

## Floorplans

- ![Floorplan 1](/listings/photos/134278331/685936) - Floorplan 1

## EPC Graphs

- ![EPC 1](/listings/photos/134278331/685940) - EPC 1

## FENSA Certificates

This property has 2 FENSA certificate(s) on record.

### FENSA Certificate #8135260
- **Address:** 23 Meadow Close, CHELTENHAM, GL51 0TZ
- **Certificate Issued:** 02/05/2011
- **Work Completed:** 30/03/2011
- **Items:** 5 window(s), 2 door(s)

### FENSA Certificate #13628894
- **Address:** 23 Meadow Close, CHELTENHAM, GL51 0TZ
- **Certificate Issued:** 01/07/2019
- **Work Completed:** 20/06/2019
- **Items:** 2 door(s)

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 23 MEADOW CLOSE, CHELTENHAM, GLOUCESTERSHIRE, GL51 0TZ | £260,000 | 29/11/2023 | Terraced |
| 23 MEADOW CLOSE, CHELTENHAM, GLOUCESTERSHIRE, GL51 0TZ | £195,000 | 08/03/2019 | Terraced |
| 23 MEADOW CLOSE, CHELTENHAM, GLOUCESTERSHIRE, GL51 0TZ | £157,000 | 27/10/2014 | Terraced |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| [Same street] 17 MEADOW CLOSE, CHELTENHAM, GLOUCESTERSHIRE, GL51 0TZ | £270,000 | 21/06/2023 | Terraced |
| 2 WHITTLE CLOSE, CHELTENHAM, GLOUCESTERSHIRE, GL51 0SY | £382,500 | 16/12/2022 | Terraced |
| [Same street] 38 MEADOW CLOSE, CHELTENHAM, GLOUCESTERSHIRE, GL51 0TZ | £225,000 | 16/11/2022 | Terraced |
| [Same street] 18 MEADOW CLOSE, CHELTENHAM, GLOUCESTERSHIRE, GL51 0TZ | £340,000 | 24/10/2022 | Detached |
| 3 GEMINI CLOSE, CHELTENHAM, GLOUCESTERSHIRE, GL51 0FF | £320,000 | 30/09/2022 | Terraced |
| 6 GEMINI CLOSE, CHELTENHAM, GLOUCESTERSHIRE, GL51 0FF | £295,000 | 17/01/2022 | Terraced |
| [Same street] 42 MEADOW CLOSE, CHELTENHAM, GLOUCESTERSHIRE, GL51 0TZ | £189,500 | 30/09/2021 | Terraced |

**Street average:** £256,125 (4 sales)
**Area average:** £332,500 (3 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £255,630 (50 Terraced, GL51, 2024–2026)
- **Deviation:** -2.2%

## Rental Range

*ONS Price Index of Private Rents (Cheltenham). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,116/mo
- **Realistic:** £1,240/mo
- **Optimistic:** £1,364/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Cheltenham (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £798/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, Corinne Court, GL51 | £2,150/mo | 2 | 0.46 miles | OpenRent |
| 2 Bed Flat, Wade Court, GL51 | £1,100/mo | 2 | 0.48 miles | OpenRent |
| 2 Bed Flat, Pitman Road, GL51 | £975/mo | 2 | 0.55 miles | OpenRent |
| 2 Bed Terraced House, Hamilton Court, GL51 | £900/mo | 2 | 0.72 miles | OpenRent |

**Average rent: £1,281/mo (4 listings)**

## 1% Rule

- **Rent ratio:** 0.42% (weak for cashflow)
- **Max investor price (0.8%):** £129,750
- **Target investor price (1%):** £103,800

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,038/mo).*

- **Gross yield:** 5%
- **Cost-to-rent:** 20.1×
- **Monthly cashflow:** £-75/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -1.2%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Price per Square Metre

- **£/m²:** £4,630/m²

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -7%
- **10y growth:** 44.8%

## House Price Index (HM Land Registry)

*Official index for Cheltenham; Terraced series; as of March 2026.*

- **1y growth (index):** 2.5%
- **5y growth (index):** 18.2%
- **10y growth (index):** 47%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)