2-bedroom flat · GL51 8DW
For saleReduced £49k (−16.4%) on 2 OctListed 173 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located within the highly regarded Honeybourne Gate retirement development, this well‑presented two bedroom apartment for the over 60s offers modern, low‑maintenance living in the heart of Cheltenham's renowned Festival Town.
Combining comfort, security and a vibrant community, it is ideally situated close to shops, cafés, healthcare, transport links and the town centre.
The apartment features a bright and spacious living room, perfect for relaxing or entertaining with large bay windows allowing plenty of natural light.
The open‑plan fitted kitchen includes integrated appliances such as a dishwasher and washing machine.
The principal bedroom has a fitted wardrobe, large bay windows and an en‑suite shower room with level‑access shower, alongside a separate modern bathroom.
Positioned on the second floor, the apartment enjoys easy access to extensive communal seating areas-ideal for socialising with fellow residents or entertaining visitors.
Residents benefit from 24‑hour on‑site staffing, CCTV, secure entry systems and an emergency alarm response, providing peace of mind while maintaining independence.
Optional Extra Care services are available to support future needs.
A Supportive & Not‑for‑Profit Community Run as a not‑for‑profit organisation, Honeybourne Gate encourages strong resident involvement and fosters a friendly, active and supportive community.
Weekly housekeeping and flexible support services help ensure a comfortable, worry‑free lifestyle.
With excellent on‑site amenities, lift access throughout, and all local facilities just a short distance away, this apartment represents a rare opportunity to enjoy secure, independent retirement living in one of Cheltenham's most sought‑after developments.
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 Apartment 22 Honeybourne Gate, Gloucester Road, Cheltenham
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