The Rise, Cheltenham, GL54

3 & 4 The Rise are offered together as a single purchase, providing two separate, extensively refurbished homes immediately alongside one another.

The arrangement opens up several possibilities. For an extended or multi-generational family, it provides the opportunity to live next door to parents, grown-up children or other family members while each household retains complete independence. Alternatively, a purchaser could occupy one house as their principal home while operating the neighbouring property as a holiday let, serviced accommodation or conventional rental investment, subject to any necessary consents and requirements.

Both properties have undergone extensive programmes of refurbishment, having been taken back to shell and core and substantially rebuilt internally. Works include new electrical and plumbing installations, heating systems, kitchens, bathrooms and finishes, creating two individual homes ready for occupation.

No. 3 provides approximately 1,363 sq ft of accommodation, arranged around an impressive open-plan kitchen and living space with a large central island and direct access to the garden. There are four bedrooms alongside well-planned family accommodation.

Next door, No. 4 extends to approximately 1,700 sq ft and provides four bedrooms, including a principal bedroom with dressing room, together with two reception rooms, utility room and a generous kitchen centred around a large island.

Purchased together, the properties provide around 3,000 sq ft of accommodation across eight bedrooms, while importantly remaining two entirely separate homes.

The potential for the second property to generate an income has also been independently explored. Manor Cottages, part of the Sykes Holiday Cottages group, has provided indicative holiday-let appraisals for both houses. Their Year 1 projections estimate gross income of £51,904–£63,439 for No. 3 and £61,155–£74,745 for No. 4, based on 34 bookings per property.

This creates a particularly interesting proposition for a purchaser wishing to live in one property while retaining the neighbouring house as an income-producing asset. Equally, both could potentially form part of a holiday-let portfolio, or the second property could simply provide independent accommodation for family and guests.

The houses occupy an attractive position within Shipton Oliffe, overlooking the village green and opposite the Reading Room. It is a genuine village setting, with countryside close at hand while remaining well placed for Cheltenham and the wider Cotswolds.

Opportunities to acquire two neighbouring homes of this quality are relatively unusual, particularly where both have already undergone substantial refurbishment. For the right purchaser, 3 & 4 The Rise offer the ability to combine home, family and investment within one location while retaining the flexibility of two separate properties.

Guide Price: £1,220,000 for both properties.

Holiday-let income figures have been provided by Manor Cottages/Sykes Holiday Cottages and are estimates only. They are not guaranteed and are quoted gross, before commissions, fees and other costs. Purchasers should take independent advice regarding any proposed letting use.