Sold STC Flat

FLAT 15

115 THE PARK, CHELTENHAM, GLOUCESTERSHIRE GL50 2RW

2 beds 2 baths 84 m² Listed 21 Jul 2021 (-1788d)

£325,000

Guide Price

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# 2 bedroom apartment for sale (GL50 2RW)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 15, 115 THE PARK, CHELTENHAM, GLOUCESTERSHIRE GL50 2RW |
| Price | £325,000 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Last sold | £310,000 Dec 2021 |

## Description

DISCLAIMER: Please note that the photographs used are for marketing purposes, some are virtually staged and therefore are not a true representation of the apartment.

## Property Photos

- ![External](/listings/photos/110706275/441157) - External

## EPC Graphs

- ![Energy Perform...](/listings/photos/110706275/441160) - Energy Perform...

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 115 FLAT 15 THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2RW | £310,000 | 08/12/2021 | Flat |
| 115 FLAT 15 THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2RW | £280,000 | 30/09/2015 | 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 |
|---------|-------|------|------|
| 77F THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2RP | £237,000 | 11/12/2025 | Flat |
| 2 THE GARDEN FLAT GRAFTON ROAD, CHELTENHAM, GLOUCESTERSHIRE, GL50 2ES | £200,000 | 19/03/2025 | Flat |
| TIVOLI PLACE, 24 FLAT 6 TIVOLI ROAD, CHELTENHAM, GLOUCESTERSHIRE, GL50 2TF | £407,500 | 12/02/2025 | Flat |
| [Same street] 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 |
| [Same street] 103A THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2RW | £1,195,000 | 31/10/2023 | Detached |
| 33 FLAT 1 ST STEPHENS ROAD, CHELTENHAM, GLOUCESTERSHIRE, GL51 3AB | £210,000 | 17/10/2023 | Flat |
| PARK GATE FLAT 17 PARK PLACE, CHELTENHAM, GLOUCESTERSHIRE, GL50 2QE | £215,000 | 02/10/2023 | Flat |
| ASHFORD HOUSE, 2 FLAT 5 ASHFORD ROAD, CHELTENHAM, GLOUCESTERSHIRE, GL50 2QZ | £342,000 | 13/09/2023 | Flat |
| [Same street] 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 |
| [Same street] OSBORNE LODGE, 99 FLAT 13 THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2RW | £432,500 | 10/03/2023 | Other |
| 33 FLAT 8 ST STEPHENS ROAD, CHELTENHAM, GLOUCESTERSHIRE, GL51 3AB | £182,000 | 13/12/2022 | Flat |
| [Same street] OSBORNE LODGE, 99 FLAT 2 THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2RW | £98,000 | 28/10/2022 | Flat |
| LINDHOLME, 8 FLAT 6 THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2SG | £256,000 | 28/10/2022 | Flat |
| BENTON HOUSE FLAT E HAREFIELD GROVE, CHELTENHAM, GLOUCESTERSHIRE, GL50 2SF | £308,000 | 07/10/2022 | Flat |
| PARK GATE FLAT 23 PARK PLACE, CHELTENHAM, GLOUCESTERSHIRE, GL50 2QE | £77,500 | 07/10/2022 | 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 |
| [Same street] 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 |
| PARK GATE FLAT 24 PARK PLACE, CHELTENHAM, GLOUCESTERSHIRE, GL50 2QE | £197,000 | 25/07/2022 | Flat |
| [Same street] 107 FLAT 2 THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2RW | £618,000 | 08/02/2022 | Flat |
| [Same street] 97 THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2RW | £900,000 | 30/11/2021 | Detached |
| [Same street] 87 THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2RW | £445,000 | 05/08/2021 | Terraced |

**Street average:** £473,056 (9 sales)
**Area average:** £264,050 (20 sales)

## Price vs local average

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

- **Local average:** £303,362 (59 Flat, GL50, 2024–2026)
- **Deviation:** +7.1%

## 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 Terraced House, Bronte Close, GL51 | £1,150/mo | 2 | 0.81 miles | OpenRent |
| 2 Bed End Terrace, Camellia Court, GL51 | £1,350/mo | 2 | 0.82 miles | OpenRent |
| [Monson Avenue, Cheltenham GL50 4EH](http://87.117.209.195:8080/listings/4276ae9) | £650/mo | — | 1.25 miles | Rightmove |

**Average rent: £1,050/mo (3 listings)**

## 1% Rule

- **Rent ratio:** 0.35% (weak for cashflow)
- **Max investor price (0.8%):** £143,750
- **Target investor price (1%):** £115,000

*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 £1,150/mo).*

- **Gross yield:** 4.2%
- **Cost-to-rent:** 23.6×
- **Monthly cashflow:** £-270/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).*

## Capital growth trend

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

- **5y growth:** 32.1%
- **10y growth:** 63.4%

## House Price Index (HM Land Registry)

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

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

## 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)

External

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Property details

Tenure

SHARE_OF_FREEHOLD

Floor area

84 m²

Last sold

£310,000 Dec 2021

Local average

£303,362 (+7.1%)

Deprivation

Decile 10 (32,969 of 33,755)

Street crime

3 incidents within 1 mile (Apr 2026)

Key features

No Onward Chain
Two Bedroom Apartment
Desirable Location
Views To Hills
Video Entry System
Allocated Parking

Additional details

Parking: Yes
Garden: Yes

Description

Ideally situated within The Park, a desirable suburb of Cheltenham offering easy access to local amenities and Montpellier, is this fantastic two bedroom upper floor apartment boasting views to the hills, allocated parking and is set within an impressive detached building enclosed with well-maintained grounds. Furthermore, the property is offered to the market with no onward chain.

DISCLAIMER: Please note that the photographs used are for marketing purposes, some are virtually staged and therefore are not a true representation of the apartment.

Listed by

Cheltenham

Cook Residential

Reference: 110706275

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

EPC Graphs

Energy Perform...

Price history

11% since 2015

Event	Date	Price	% change
Sold	08/12/2021 (4 years ago)	£310,000	+10.7%
Sold	30/09/2015 (10 years ago)	£280,000	—

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
2 THE GARDEN FLAT GRAFTON ROAD, CHELTENHAM, GLOUCESTERSHIRE, GL50 2ES	£200,000	19/03/2025	Flat
TIVOLI PLACE, 24 FLAT 6 TIVOLI ROAD, CHELTENHAM, GLOUCESTERSHIRE, GL50 2TF	£407,500	12/02/2025	Flat
Same street 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
Same street 103A THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2RW	£1,195,000	31/10/2023	Detached
33 FLAT 1 ST STEPHENS ROAD, CHELTENHAM, GLOUCESTERSHIRE, GL51 3AB	£210,000	17/10/2023	Flat
PARK GATE FLAT 17 PARK PLACE, CHELTENHAM, GLOUCESTERSHIRE, GL50 2QE	£215,000	02/10/2023	Flat
ASHFORD HOUSE, 2 FLAT 5 ASHFORD ROAD, CHELTENHAM, GLOUCESTERSHIRE, GL50 2QZ	£342,000	13/09/2023	Flat
Same street 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
Same street OSBORNE LODGE, 99 FLAT 13 THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2RW	£432,500	10/03/2023	Other
33 FLAT 8 ST STEPHENS ROAD, CHELTENHAM, GLOUCESTERSHIRE, GL51 3AB	£182,000	13/12/2022	Flat
Same street OSBORNE LODGE, 99 FLAT 2 THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2RW	£98,000	28/10/2022	Flat
LINDHOLME, 8 FLAT 6 THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2SG	£256,000	28/10/2022	Flat
BENTON HOUSE FLAT E HAREFIELD GROVE, CHELTENHAM, GLOUCESTERSHIRE, GL50 2SF	£308,000	07/10/2022	Flat
PARK GATE FLAT 23 PARK PLACE, CHELTENHAM, GLOUCESTERSHIRE, GL50 2QE	£77,500	07/10/2022	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
Same street 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
PARK GATE FLAT 24 PARK PLACE, CHELTENHAM, GLOUCESTERSHIRE, GL50 2QE	£197,000	25/07/2022	Flat
Same street 107 FLAT 2 THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2RW	£618,000	08/02/2022	Flat
Same street 97 THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2RW	£900,000	30/11/2021	Detached
Same street 87 THE PARK, CHELTENHAM, GLOUCESTERSHIRE, GL50 2RW	£445,000	05/08/2021	Terraced

Street average: £473,056 (9 sales)

Area average: £264,050 (20 sales)

Capital growth trend

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

5y growth 32.1%

10y growth 63.4%

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%

Company ownership

Registered legal owner is a company.

Company-owned (UK company)

Company: TIVOLI MANSIONS (CHELTENHAM) MANAGEMENT LIMITED (10489670)

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	0.0 miles
University	Park Campus	0.1 miles
Shop	ATB Guitars	0.2 miles
Shop	Groves Batteries	0.2 miles
Hospital	Cheltenham General Hospital	0.8 miles
Hospital	Thirlestaine Breast Centre	0.8 miles
Train station	Cheltenham Spa	0.8 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	0.5 miles	Outstanding — 14 Jan 2015
Cheltenham Bournside School and Sixth Form Centre	Secondary	0.6 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	0.81 miles	OpenRent
2 Bed End Terrace, Camellia Court, GL51	£1,350/mo	2	0.82 miles	OpenRent
Monson Avenue, Cheltenham GL50 4EH	£650/mo	—	1.25 miles	Rightmove

Average rent: £1,050/mo (3 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.35%

Max investor price (0.8%) £143,750

Target investor price (1%) £115,000

Gross yield 4.2%

Cost-to-rent ratio 23.6×

Monthly cashflow £-270/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI -3.4%

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).