5-bedroom terraced house · GL52 6HL
For saleListed 210 days
Opportunity summary
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About
** INVESTMENT OPPORTUNITY - FREEHOLD SALE - FOUR APARTMENTS** A Grade II listed property conveniently situated on the London Road just a short distance from Cheltenham Town Centre, Cheltenham General Hospital, local parks, amenities and transport networks.
The property briefly provides: Communal Access from front and rear to hallway and stair well, Lower Ground Floor (Flat 1) – Superbly presented large split level TWO BEDROOM and TWO BATHROOM apartment with large open plan kitchen (with island), generous living room and two double bedrooms with the second being on ground floor level.
Access to small courtyard area Tenanted - current rent £1350 pcm Ground Floor (Flat 2) - Generous Studio apartment with separate kitchen and shower room having with period features, gas central heating, and sash windows.
New Tenancy Starting – Rent £750 First Floor (Flat 3) – Spacious with many period features offering entrance hall, generous living room with ornate flower balconies, separate kitchen with dining area, bathroom with shower cubicle, good size double bedroom, gas central heating, period features including fireplace and sash windows.
Tenanted – current rent £995 pcm Second Floor (Flat 4) - Large split level one bedroom apartment with a very generous living room, large kitchen/dining room, separate bathroom with shower over bath, good size double bedroom, gas central heating, period features including fireplace and sash windows.
Tenanted - current rent £950 pcm (could be £1,000) Rear parking area for 3-4 cars accessed from Avenall’s Parade.
Current monthly rent £4,045/annual rental £48,540 yield of 6% Current likely individual flat values Flat 1 - £275,000, Flat 2 - £150,000, Flat 3 - £195,000, Flat 4 - £185,000 All information subject to legal confirmation Important Notice: SureLet have not tested any apparatus/installations/ services and cannot vouch for their condition.
We therefore strongly recommend that their condition is verified by prospective purchaser(s) through surveyors or solicitors.
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Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About London Road Cheltenham
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