# 2 bedroom apartment for sale (GL50 3AX)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 10, ASHFIELD HOUSE, BAYSHILL LANE, CHELTENHAM, GLOUCESTERSHIRE GL50 3AX |
| Price | £550,000 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Council tax | E |
| Construction age | England and Wales: 1996-2002 |
| Floor area | 98 m² |
| Last sold | £535,000 Mar 2026 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** B
- **Expiry date:** 29/11/2032
- **Current heating cost:** £319/year
- **Est. upgrade cost to C:** £5,000

### Recommendations
- D (£80 - £120)
- O (£3,300 - £6,500)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/6632-1429-8209-0200-2272)

## Description

**A spacious and elegant raised ground floor apartment with a garage set within an exclusive development in a premier central Cheltenham address.**

**Regency Style, Modern Comfort — A Rare Town Centre Gem**

Perfectly placed between Montpellier and The Promenade - Cheltenham’s most refined and sought-after neighbourhoods - Flat 10, Ashfield House offers the rare combination of classical proportions with the convenience of modern design. This two-bedroom, two-ensuite apartment sits on the raised ground floor of a handsome Regency-inspired development by Beaufort Western (part of the Berkeley Group), offering over 1,000 square feet of bright, well-balanced living space in a secure gated setting with its own garage.

Positioned just off Bayshill Lane behind electric vehicle and pedestrian gates, the apartment enjoys an exclusive setting with leafy surroundings featuring beautiful Regency architecture. The well-tended communal gardens and grounds at this tasteful development are immaculately presented, giving a real sense of arrival. Montpellier and the vibrant heart of Cheltenham.

**A Grand Entrance and Flowing Layout**

The communal entrance hall is smart and immaculately maintained, hinting at the care and quality that continues throughout. Step into Flat 10’s private hallway and you’re immediately greeted by a sense of space, light, and thoughtful design. The wide corridor runs the full length of the apartment, punctuated by practical touches: a generous storage cupboard, a modern video entry system, and newly fitted flooring that ties the interiors together in quiet harmony.

**A Light-Filled Drawing Room with Garden Views**

At the heart of this home lies its most spectacular space — the large sitting and dining room. Awash with natural light from its floor-to-ceiling sash windows, the room faces the landscaped communal gardens and the elegant curve of Bayshill Road beyond. This is a room made for lingering — bright and characterful during the day, cosy and elegant in the evening. It’s easy to imagine both entertaining friends here and enjoying quiet moments with a book and a glass of wine as the seasons change outside.

**A Well-Equipped Kitchen for Modern Living**

The separate kitchen is a joy for cooks and hosts alike. While the cabinetry dates from the property’s construction in 1998, the space has been stylishly updated with a suite of new Neff appliances in 2023, including a hob, oven, microwave, cooker hood, dishwasher, washing machine, and tumble dryer — all seamlessly integrated into ample base and wall cupboards with a composite worktop. Whether preparing something simple or indulging in a dinner party, the kitchen is well-positioned for both practicality and pleasure.

**Two Spacious Ensuite Bedrooms**

The apartment offers two comfortable double bedrooms, both complete with ensuite facilities — an ideal arrangement for couples, guests, or visiting family. The principal bedroom is a true sanctuary: generously proportioned, flooded with natural light, and offering a calming canvas to make your own. The second bedroom is equally welcoming, making an excellent guest room, home office, or occasional retreat. Bathrooms date to the original build but remain in good condition and are fully functional.

**Secure, Quiet and Exceptionally Maintained**

Built in 1998 and lovingly cared for since, the apartment was recently redecorated throughout (2023) and benefits from new carpets and flooring. The sash windows have been draughtproofed to combine period style charm with modern efficiency, while the gas boiler — replaced within the last five years and most recently serviced in November 2024 — sits neatly in a dedicated cupboard alongside the consumer unit. The property includes a burglar alarm system, an entry phone, and a secure garage for peace of mind.

Outside, the shared gardens are maintained under a comprehensive programme by Cambray Property Management (annual service charge £3,184.16). Two visitor spaces are available for visitors and the entire driveway and paths were resurfaced in June 2025. The apartment is connected to mains gas and drainage and has strong mobile signal throughout.

**A Location to Fall in Love With**

Ashfield House couldn’t be better placed to enjoy Cheltenham’s vibrant lifestyle. Whether it’s walking to brunch at No.131, strolling to the festivals in Montpellier Gardens, or taking in a show at the Town Hall or the Everyman Theatre, everything that makes this Regency town so special is right on your doorstep.

This is more than an apartment — it’s an opportunity to own a slice of elegant Cheltenham life, with none of the usual compromises. Space, light, security, parking, and position — Flat 10 delivers it all.

EPC Rating: C

## Property Photos

- ![Photo](/listings/photos/165811253/1022383)
- ![Sitting / Dining Room](/listings/photos/165811253/1022384) - Sitting / Dining Room
- ![Sitting Room](/listings/photos/165811253/1022385) - Sitting Room
- ![Dining Area](/listings/photos/165811253/1022386) - Dining Area
- ![Principal Bedroom Suite](/listings/photos/165811253/1022387) - Principal Bedroom Suite
- ![Bedroom Two](/listings/photos/165811253/1022388) - Bedroom Two
- ![Kitchen](/listings/photos/165811253/1022389) - Kitchen
- ![Photo](/listings/photos/165811253/1022390)
- ![En Suite](/listings/photos/165811253/1022391) - En Suite
- ![Photo](/listings/photos/165811253/1022392)
- ![Photo](/listings/photos/165811253/1022393)
- ![En bloc Garage (first from left)](/listings/photos/165811253/1022394) - En bloc Garage (first from left)
- ![Photo](/listings/photos/165811253/1022395)
- ![Photo](/listings/photos/165811253/1022396)

## Floorplans

- ![All](/listings/photos/165811253/1022397) - All

## EPC Graphs

- ![EPC 1](/listings/photos/165811253/1022398) - EPC 1

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| ASHFIELD HOUSE FLAT 10 BAYSHILL LANE, CHELTENHAM, GLOUCESTERSHIRE, GL50 3AX | £535,000 | 13/03/2026 | Flat |

## Sold Comparables

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| PEMBURY 2 LANSDOWN CRESCENT, CHELTENHAM, GLOUCESTERSHIRE, GL50 2JX | £168,000 | 28/11/2025 | Flat |
| 10 FLAT 5 QUEENS PARADE, CHELTENHAM, GLOUCESTERSHIRE, GL50 3BB | £685,000 | 31/07/2025 | Flat |
| ASHFIELD HOUSE FLAT 21 BAYSHILL LANE, CHELTENHAM, GLOUCESTERSHIRE, GL50 3AX | £795,000 | 19/12/2023 | Flat |
| ASHFIELD HOUSE FLAT 15 BAYSHILL LANE, CHELTENHAM, GLOUCESTERSHIRE, GL50 3AX | £675,000 | 09/06/2023 | Flat |
| ASHFIELD HOUSE FLAT 5 BAYSHILL LANE, CHELTENHAM, GLOUCESTERSHIRE, GL50 3AX | £410,000 | 03/01/2023 | Flat |
| 7 FLAT 2 ROYAL PARADE, CHELTENHAM, GLOUCESTERSHIRE, GL50 3AY | £375,600 | 16/12/2022 | Flat |
| ASHFIELD HOUSE FLAT 19 BAYSHILL LANE, CHELTENHAM, GLOUCESTERSHIRE, GL50 3AX | £705,000 | 02/08/2022 | Flat |
| 8 FLAT 1 ROYAL PARADE, CHELTENHAM, GLOUCESTERSHIRE, GL50 3AY | £354,200 | 01/08/2022 | Flat |
| THE COURTYARD FLAT 14 ROYAL PARADE MEWS, CHELTENHAM, GLOUCESTERSHIRE, GL50 1SZ | £170,000 | 25/05/2022 | Flat |
| MARCHMONT FLAT 1 PARABOLA ROAD, CHELTENHAM, GLOUCESTERSHIRE, GL50 3AF | £565,000 | 05/04/2022 | Flat |
| MARCHMONT FLAT 4 PARABOLA ROAD, CHELTENHAM, GLOUCESTERSHIRE, GL50 3AF | £300,000 | 01/04/2022 | Flat |
| DOUGLAS HOUSE FLAT 5 PARABOLA ROAD, CHELTENHAM, GLOUCESTERSHIRE, GL50 3AH | £280,000 | 22/03/2022 | Flat |
| 10 FLAT 7 QUEENS PARADE, CHELTENHAM, GLOUCESTERSHIRE, GL50 3BB | £465,000 | 23/02/2022 | Flat |
| 10 8 QUEENS PARADE, CHELTENHAM, GLOUCESTERSHIRE, GL50 3BB | £565,000 | 11/01/2022 | Flat |
| THE COURTYARD FLAT 8 ROYAL PARADE MEWS, CHELTENHAM, GLOUCESTERSHIRE, GL50 1SZ | £380,000 | 04/01/2022 | Flat |
| 9 FLAT 1 ROYAL PARADE, CHELTENHAM, GLOUCESTERSHIRE, GL50 3AY | £975,000 | 15/12/2021 | Flat |
| 9 FLAT 2 ROYAL PARADE, CHELTENHAM, GLOUCESTERSHIRE, GL50 3AY | £325,000 | 15/12/2021 | Flat |
| 9 FLAT 3 ROYAL PARADE, CHELTENHAM, GLOUCESTERSHIRE, GL50 3AY | £350,000 | 15/12/2021 | Flat |
| 3 FLAT B, SECOND FLOOR QUEENS CIRCUS, CHELTENHAM, GLOUCESTERSHIRE, GL50 1RX | £230,000 | 12/11/2021 | Flat |
| THE COURTYARD FLAT 16 ROYAL PARADE MEWS, CHELTENHAM, GLOUCESTERSHIRE, GL50 1SZ | £173,000 | 11/11/2021 | Flat |

**Area average:** £447,290 (20 sales)

## Price vs local average

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

- **Local average:** £304,705 (61 Flat, GL50, 2024–2026)
- **Deviation:** +80.5%

## Rental Range

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

- **Low:** £1,124/mo
- **Realistic:** £1,249/mo
- **Optimistic:** £1,374/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, Rivershill, GL50 | £1,850/mo | 2 | 0.16 miles | OpenRent |
| 2 Bed Penthouse, High Street, GL50 | £2,000/mo | 2 | 0.52 miles | OpenRent |

**Average rent: £1,925/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 0.35% (weak for cashflow)
- **Max investor price (0.8%):** £240,625
- **Target investor price (1%):** £192,500

*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 £1,925/mo).*

- **Gross yield:** 4.2%
- **Cost-to-rent:** 23.8×
- **Monthly cashflow:** £-458/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -3.4%

*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:** £5,612/m²

## Capital growth trend

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

- **5y growth:** -18%
- **10y growth:** 29.6%

## House Price Index (HM Land Registry)

*Official index for Cheltenham; Flats and maisonettes series; as of April 2026.*

- **1y growth (index):** 1.2%
- **5y growth (index):** 7.2%
- **10y growth (index):** 27%

## 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)