2-bedroom house · GL50 3PL
To rentListed 14 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*Exclusively for over 60s* Apartment 7, Latheram House, is a spacious and well-appointed two bedroom apartment situated on the first floor of the stunning Latheram House community.
Spanning 732sq ft, with two well-sized bedrooms and large open-plan kitchen, dining and living room space, this home has been decided with independent later living in mind.
The home benefits from two generous bedrooms, with an en suite to the main bedroom, plus coat and shoe storage on entrance.
Enjoy your own private balcony, before heading down to the communal lounge for a catch up with fellow Latheram House residents.
As with all Pegasus Homes, the kitchen fittings within apartment 7 are to the highest possible specification, with your comfort at the forefront of design.
The home is well presented across two levels, promoting mobility and activity in later life, whilst still allowing the perfect space for those looking to 'rightsize'.
Find your perfect balance in this community of light-filled, later living apartments, arranged around restful courtyard gardens and a tranquil pond, in the heart of the Regency spa town of Cheltenham.
All the convenience, creativity and culture you could want is at hand, ready to be explored from your own oasis of calm.
This is a home designed for social connection that offers you the best of all worlds. Image shown is photography of Latheram House and indicative only.
Rental amounts shown are correct at time of publication and may be subject to change.
Rental payments are paid monthly and incorporate rent plus all relevant costs to maintain, manage and staff the community.
Maintenance and running costs within the apartment are not included within the rent. Rental fees and associated maintenance costs are reviewed annually in line with market rates.
For full terms visit pegasushomes.co.uk/company/legal/terms-and-conditions/ ==== Upfront cost & security deposit required for rental: Reservation fee of £450( 1 week's rental ) Rent - £2350 p/m 5 weeks deposit: £2,711.54 Total payable before moving in, first months rent & deposit (minus the reservation fee): £4,711.54 Age Restriction Independent later living apartment.
Exclusively for the over 60s Council Tax - Band D Minimum Tenancy Length - Parking available via permit REDRESS The Property Ombudsman (TPO) | Membership Number: T05642 CLIENT MONEY PROTECTION UK Association of Letting Agents (UKALA) | Membership Number: 20866 ====
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Clarence Street, Cheltenham, Gloucestershire, GL50
Explore nearby