1-bedroom flat · GL52 5PH
For saleListed 72 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare dual-income investment opportunity - two apartments sold as a single package, generating a combined rental income of £1,524 per month and delivering a gross yield of approximately 7.3%.
Comprising a one bedroom apartment and a separate studio, both positioned on the first floor with no apartment above, this is an exceptionally low-maintenance investment with an outstanding tenancy history.
Both apartments are currently let to a company tenant on long-term contractual leases - the same occupier has been in situ since 2009, providing the kind of rental continuity that is increasingly rare in today's market.
Each apartment generates £762 per month, with the combined annual rental income standing at £18,291.
The one bedroom apartment offers an open-plan living space, a well-proportioned double bedroom and a shower room. The studio provides a self-contained layout with its own private shower room.
Offered for sale with no onward chain, this package represents a straightforward acquisition for an investor seeking immediate, reliable income from day one - with no voids, no letting fees and no uncertainty.
Ground rent: £50 per annum (both properties combined) Maintenance charge: £300 per annum (both properties combined) Lease: 983 years remaining (both properties) Tenure: Leasehold Tax council band: A Local authority: Cheltenham
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
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 Flat 9, Hewlett Court, Mersey Road, Cheltenham
Explore nearby