7-bedroom property · GL52 6DX
For saleReduced £50k (−5.3%) on 21 JunListed 413 days
Opportunity summary
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About
A distinguished Grade II* listed Regency property currently arranged as 5 self-contained flats, with potential for enhancement or reinstatement to a grand Regency family home subject to planning and listed building consent.
Set well back from the road with residents’ permit parking, overlooking beautiful municipal gardens whilst retaining attractive period features and elegant proportions.
36 London Road is an elegant Grade II* listed Regency townhouse, forming part of a distinguished early 19th-century terrace.
Constructed around 1820–1830, the building epitomises Cheltenham’s Regency style with its ashlar stone façade, refined cornices, and graceful proportions.
The frontage is enhanced by a striking two-storey porch with a verandah above, adorned with delicate scrolled iron motifs, providing a dramatic and characterful entrance.
Further period detailing includes an intricate first-floor balcony with beautifully preserved wrought-ironwork and second-floor windows with rare original tent hoods.
Internally, much of the historic character has been retained.
Features include deep sash windows that flood the rooms with light, handsome marble fireplaces, high ceilings with elegant mouldings, and generously scaled reception rooms.
To the rear lies a charming walled garden, offering privacy and seclusion - a rare and valuable feature in this central Cheltenham location.
Currently arranged as five self-contained flats, the property provides both secure rental income and outstanding scope for enhancement.
There is clear potential to increase rental income through sympathetic upgrades or refurbishment.
Alternatively, subject to planning and listed building consent, the property could be reinstated as a grand Regency family home.
Freehold Architectural Highlights: Elegant ashlar stone façade with refined cornices and proportions. Two-storey porch with veranda featuring delicate scrolled iron motifs.
First-floor balcony with beautifully preserved wrought ironwork. Second-floor windows with original tent hoods. Deep sash windows and handsome marble fireplaces.
High ceilings with ornate mouldings throughout principal rooms. Walled rear garden offering privacy and outdoor space. Stunning outlook over formal municipal gardens.
Investment & Development Potential: Current rental income: C.£54,000 pa from five flats subject to AST’s Scope to increase income through upgrading and refurbishment.
Opportunity to reinstate as a large Regency family home, subject to planning and listed building consent.
Lined with fine Regency terraces, the property is ideally located for Cheltenham College and Cheltenham Ladies’ College (both within 1 mile).
Montpellier & town centre, for shops, restaurants, and leisure. Cheltenham Spa railway station (approx. 1.7 miles), with direct services to London, Birmingham, and Bristol.
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.
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FAQ
About 36, London Road, Cheltenham
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