Sold STC Flat

FLAT 10

115 THE PARK, CHELTENHAM, GLOUCESTERSHIRE GL50 2RW

2 beds 904 sq ft Listed 9 Nov 2020 (-2039d)

£315,000

Reduced on 16 Feb 2021

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Property photo

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Property details

Tenure

SHARE_OF_FREEHOLD

Floor area

84 m²

EPC rating

C

Year built

England and Wales: 2003-2006

Last sold

£311,160 Apr 2021

Price per m²

£3,750/m²

Local average

£303,362 (+3.8%)

Deprivation

Decile 10 (32,969 of 33,755)

Street crime

3 incidents within 1 mile (Apr 2026)

Key features

  • 2 bedrooms
  • En suite to Master Bedroom
  • 4 piece bathroom
  • First floor
  • Lift access
  • Spacious design
  • Offered chain free
  • No pets allowed

Additional details

Parking
Yes

Description

Tivoli Mansions is a purpose built block located in a highly fashionable area of Cheltenham. The block has 16 apartments with number 10 positioned on the first floor.

The accommodation is well designed and spacious. The large open plan living area has splay bay overlooking Tivoli Street and the integrated kitchen is neatly positioned within the room The Master Bedroom has an en suite shower and there is also an additional guest bedroom. The main bathroom also has a separate shower. The apartment is heating by gas central heating.

Full use of the communal gardens are available for the residents to enjoy and there is also a communal bike store. The apartment has one allocated parking space and there are two additional visitors space within the car park.


Leasehold Information:The freehold of the development was recently acquired by Tivoli Mansions (Cheltenham) Limited. The apartment will be sold with an equal share of the freehold. The apartment has since been granted a 999 year lease from March 2002 which will be completed upon completion of this transaction.

The property is managed by Cambray Property Management in Cheltenham. The annual service charge is £1365 pa 2020/21. Please note pets are not permitted.

Listed by

Cheltenham

Read Maurice

Reference: 75129354

EPC Rating & Upgrade Cost

Current rating: C

Potential rating: B

Inspection date: 10/11/2020

Current heating cost: £226/year

Potential heating cost: £231/year

Est. upgrade cost to C: £80

Recommendations

  • Low energy lighting for all fixed outlets (£80)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan

Floorplan

Price history

10% since 2010

Event Date Price % change
Sold 01/04/2021 (5 years ago) £311,160 +10%
Sold 13/08/2010 (15 years ago) £283,000 —

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
77F THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2RP £237,000 11/12/2025 Flat
TIVOLI PLACE, 24 FLAT 6 TIVOLI ROAD, CHELTENHAM, GLOUCESTERSHIRE, GL50 2TF £407,500 12/02/2025 Flat
OSBORNE LODGE, 99 FLAT 14 THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2RW £138,000 20/12/2023 Flat
MELROSE, 6 FLAT 6 THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2SG £305,000 12/12/2023 Flat
33 FLAT 1 ST STEPHENS ROAD, CHELTENHAM, GLOUCESTERSHIRE, GL51 3AB £210,000 17/10/2023 Flat
OSBORNE LODGE, 99 FLAT 19 THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2RW £106,000 30/08/2023 Flat
THE PINES, 22 FLAT 4 TIVOLI ROAD, CHELTENHAM, GLOUCESTERSHIRE, GL50 2TF £200,000 20/06/2023 Flat
LONGFORD COURT 3 TIVOLI ROAD, CHELTENHAM, GLOUCESTERSHIRE, GL50 2TE £260,000 19/05/2023 Flat
48 FLAT 4 ST STEPHENS ROAD, CHELTENHAM, GLOUCESTERSHIRE, GL51 3AD £235,000 19/05/2023 Flat
33 FLAT 8 ST STEPHENS ROAD, CHELTENHAM, GLOUCESTERSHIRE, GL51 3AB £182,000 13/12/2022 Flat
LINDHOLME, 8 FLAT 6 THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2SG £256,000 28/10/2022 Flat
OSBORNE LODGE, 99 FLAT 2 THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2RW £98,000 28/10/2022 Flat
22 FLAT 3 TIVOLI ROAD, CHELTENHAM, GLOUCESTERSHIRE, GL50 2TF £385,000 07/10/2022 Flat
PEMBRIDGE COURT FLAT 5 THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2SG £294,000 09/09/2022 Flat
33 FLAT 2 ST STEPHENS ROAD, CHELTENHAM, GLOUCESTERSHIRE, GL51 3AB £275,000 09/09/2022 Flat
115 FLAT 13 THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2RW £325,000 18/08/2022 Flat
PARK HOUSE, 39 FLAT 21 PARK PLACE, CHELTENHAM, GLOUCESTERSHIRE, GL50 2RF £250,000 05/08/2022 Flat
79 FLAT 1 THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2GA £445,000 28/07/2022 Flat
MERCIAN COURT, 46 FLAT 26 PARK PLACE, CHELTENHAM, GLOUCESTERSHIRE, GL50 2RA £125,000 15/07/2022 Flat
79 FLAT 8 THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2GA £675,000 28/06/2022 Flat

Area average: £270,425 (20 sales)

Capital growth trend

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

5y growth 36.2%
10y growth 66.2%

House Price Index (HM Land Registry — official index, not sold-price averages): Cheltenham. Series: Flats and maisonettes. As of March 2026.

1y (index) -2.1%
5y (index) 4.5%
10y (index) 26.3%

Rental Range

Estimated market rent for Cheltenham. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,116/mo
Realistic £1,240/mo
Optimistic £1,364/mo

Based on Local Authority from postcode lookup → Cheltenham.

LHA (30th percentile) floor for Cheltenham: £798/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View GL50 2RW

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Bus stop Park Campus 0.1 miles
Bus stop Parkfield Lawn 0.1 miles
University Park Campus 0.1 miles
Shop ATB Guitars 0.2 miles
Shop Groves Batteries 0.3 miles
Train station Cheltenham Spa 0.7 miles
Hospital NHS Records Office 0.9 miles
Hospital Estates Workshop 1.0 miles
University Francis Close Hall 1.3 miles
Train station Cheltenham Racecourse 2.6 miles

Street-level crime

Category Count
Violence and sexual offences 2
Anti-social behaviour 1
Total incidents 3

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
University of Gloucestershire Other 0.1 miles — (No rating)
St James' Church of England Primary School Primary 0.3 miles Good — 16 Nov 2023
Bettridge School Other 0.4 miles Good — 27 Feb 2017
Belmont School Other 0.4 miles Outstanding — 14 Jan 2015
Cheltenham Bournside School and Sixth Form Centre Secondary 0.5 miles Good — 27 Nov 2022

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 Terraced House, Bronte Close, GL51 £1,150/mo 2 0.77 miles OpenRent
2 Bed End Terrace, Camellia Court, GL51 £1,350/mo 2 0.8 miles OpenRent

Average rent: £1,250/mo (2 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.4%
Max investor price (0.8%) £156,250
Target investor price (1%) £125,000
Gross yield 4.8%
Cost-to-rent ratio 21×
Monthly cashflow £-141/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI -1.8%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus 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).
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