2-bedroom flat · GL52 2QB
For saleListed 175 days
Opportunity summary
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About
A well proportioned two bedroom first floor retirement apartment (over 55s) located within Homespring House, a sought after development in Cheltenham town centre, benefitting from lift access and allocated parking.
The apartment is accessed via a well maintained communal entrance with lift and stair access to the first floor.
Internally, the property offers a welcoming central hallway with useful storage, leading to all principal rooms.
The living room is a generous and light filled space, offering ample room for both seating and dining furniture, with pleasant outlooks and a feature fireplace forming a comfortable focal point.
The fitted kitchen is positioned adjacent to the living room and provides a range of wall and base units, work surfaces and space for appliances, making it practical for everyday living.
There are two well sized bedrooms, both benefitting from built in wardrobes. The second bedroom offers excellent flexibility as a guest room, hobby room or study.
Completing the accommodation is a modern shower room fitted with a walk in shower and vanity storage.
Homespring House is specifically designed for residents aged 55 and over and offers a secure and well maintained environment, including an on site house manager, lift access to all floors and communal facilities for residents’ enjoyment.
The development is set within attractively maintained communal grounds and is conveniently located for access to Cheltenham town centre, local amenities and public transport links.
Externally, the property further benefits from allocated offstreet parking.
Offered with no onward chain, this firstfloor apartment represents an excellent opportunity for those seeking a comfortable, secure retirement home in a popular Cheltenham location.
Entrance Hall Kitchen (2.24m x 1.65m) Living Room (4.7m x 3.23m) Bedroom 1 (4.3m x 2.77m) Shower Room (2.16m x 2.03m) Bedroom 2 (3.66m x 2.64m)
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 35 Homespring House,, Pittville Circus Road, Gloucestershire
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