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See how verdicts work1-bedroom flat · GL51 3BG
Sold STCReduced £15k (−12%) on 20 MayListed 612 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A raised ground floor retirement apartment for the over 55's, forming part of this detached villa style converted period property.
Ideally situated within this sought after leafy location close to the desirable areas of Tivoli and Montpellier.
Hanover House also offers a welcoming residents lounge which has French doors leading onto a terrace, a laundry and guest suite for visiting family or friends.
The accommodation briefly comprises:- communal entrance hall, own entrance hall with store cupboards, open plan living/kitchen/dining room leading to a sun room, in turn leading to a private patio/balcony with views over the pretty communal lawn (shared with Hanover Court).
The bedroom has a built-in double wardrobe with ensuite shower room.
The apartment also benefits from gas central heating, double glazing, emergency alarm system with pull cords, lift to all floors, communal parking space and well maintained communal garden.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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
Agent & docs
FAQ
About St. Stephens Road, Cheltenham, Gloucestershire
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