It is not that old. And it is not actually a bungalow. But the Old Bungalow in Cirencester could be ideal for people looking to switch into the lucrative hospitality sector.

Described as recording handsome profits despite being “lightly traded”, the Old Bungalow near the centre of town is on the market with Colliers International at £850,000 for the freehold.

Hotels Director and Cotswolds specialist Peter Brunt says the flexible and easily-run property would make an ideal launchpad for a new career.

He said: “First impressions could be deceptive as the property has a fairly narrow frontage onto Victoria Road. But it’s something of a Tardis inside with two of the six spacious letting rooms on the first floor.

“There is plenty of scope to build on the existing operation, as Cirencester is a business centre as well as a hotspot for visitors to the region.

“Prospective buyers could choose to continue to operate the Old Bungalow on a low key basis or could well decide it was time to accept the numerous letting opportunities presently being turned away.”

Built in the 1920s, the Old Bungalow is a large dormer bungalow with a two-storey outbuilding. The current owners live in the front of the property but it might be possible to move into the detached self-catering bungalow instead, freeing up two additional rooms for the Bed & Breakfast business.

“As well as living and working in the Cotswolds, prospective owners have considerable potential to extend the business as it is presently closes most weekends, an almost unheard of trading pattern that says much for the strength of trade in the town!”

Mr Brunt explained the vendors had run a busy pub and had bought the Old Bungalow in 2008 determined to ease back on their hours – although they still found the time to revamp the bedrooms and to create a self-catering bungalow in the large garage block.

He concluded: “With the South West basking in an early summer heatwave and all signs set for a fantastic season,  we have been inundated with enquiries from prospective hotel operators looking for a ready packed business, and the Old Bungalow has the potential to provide an ideal introduction to the Bed & Breakfast industry.

“The sector has already had a fantastic opening spell thanks to increased visitor numbers and better than average weather. This has clearly encouraged people to look at their work life balance.”