Published on 5th March 2024

Picture of three houses with fences and trees

A 3 bed-room detached house and a separate plot of land with planning for two houses sold for substantial amount

A significant milestone has been achieved for Cheltenham following the sale of a former council house with part of the garden separated off to provide a building plot for two houses.

This unique sale will see a substantial amount, secured by Cheltenham Borough Council, reinvested into the Borough to benefit local residents.

The 3 bedroom semi-detached house, located in Pittville and conveniently close to the park, became available in 2022. Following an extensive review of the property, the council decided that the best way to maximise value was to separate the house from part of the garden. Planning consent was subsequently secured to sell the plot separately with plans for two detached houses.

The original property, which required refurbishment, went on the market in the late summer of 2023 and was sold for over £500,000. Planning permission for part of the garden, which was designed to reap the benefits of the spectacular views of Pittville Park, was secured in the Autumn of 2023 and sold for over £850,000 on the market.

Cllr Peter Jeffries, deputy leader and cabinet member for finance and assets said: “This is yet another great example of the work we do to make sure we are delivering high value for our residents. I’d like to thank everyone involved including our advisors for helping us achieve this impressive milestone.”

“We could have sold the house as it was, but thanks to our quick-thinking experts in the council’s finance and assets team, we saw an innovative and unique opportunity to maximise the return for local taxpayers by splitting the property from part of the garden and selling them separately on the property market. As a result, we have a substantial amount to reinvest so we can continue to deliver our priorities and meet the needs of the people who live in our Borough.”

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Notes:

  • Advisors involved include: Evans Jones Planning Consultants, Coombes Everitt Architects, Rappor Engineers and Midland Survey who supported the council in designing and securing planning consent for the garden plot.
  • Perry Bishop Estate Agents acted as the sales agent for both the house and the plot.