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See how verdicts work2-bedroom flat · GL52 3HS
Listing removedListed 345 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An over 60's, ground floor retirement apartment on the cusp of Pittville and Prestbury. Welland Court is a popular development set within well-kept communal gardens.
The area benefits from easy access into Cheltenham Town Centre, Pittville Park, and Cleeve Hill 'An Area of Outstanding Natural Beauty'.
The apartment is positioned on the ground floor and enjoys direct access into the communal garden directly from the living room. On a sunny day pottering in and out to the garden couldn't be easier!
The generously proportioned living room (measuring 14'2 x 13'9) leads straight through into a separate kitchen.
Included in the sale are an integral fridge /freezer, oven, electric hob, and cooker hood.
Passing through an entrance hall there are two bedrooms with fitted wardrobes, a double and a good-size single, and a shower room.
Further benefits include gas central heating provided by a combination boiler in the kitchen, uPVC double glazing, and NO ONWARD CHAIN. Pets are allowed with permission from the site manager. Nb.
Please note that the property is listed at 70% market value. This is a stipulation of the lease, and marketed as affordable accommodation. The new owner will own 100% of the lease.
On resale of the property there will be a charge of 1.25% of the purchase price, multiplied by the number of years you have lived there. This is paid back into the Anchor site sinking fund.
There is no live-in manager. The cover manager can provide a daily morning call and visits the site two to three times a week.
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 Welland Court, Welland Lodge Road, Cheltenham
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