We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat
For saleListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A wonderful opportunity to purchase this first floor 2 bedroom apartment within the prestigious New Court development for over 65s.
The development is located in the Montpellier district of Cheltenham, close to the town centre with all its excellent amenities, offering stylish, contemporary living.
This beautifully presented and much loved apartment offers a welcoming reception hallway with plenty of storage, a lovely living/dining room with access to a balcony, a well equipped kitchen with quality integrated appliances and worktop space, 2 double bedrooms both with built-in wardrobes, and a contemporary bathroom with a separate shower cubicle.
Externally, there is 1 allocated parking space and meticulously maintained communal grounds.
New Court offers two stunning aspects; a beautifully restored Grade II former manor house featuring a bar, restaurant, library, and wellbeing suite exclusively for homeowners; and there's the modern rear wing which houses the apartments.
Residents can also rely on the 24 hour concierge service for comfort and security.
A premier central location, situated in the heart of Montpellier, yards from the fashionable bars, restaurants, boutiques, and parks.
Cheltenham is a vibrant Regency town, renowned for its elegant architecture and world class horse racing at Prestbury Park Racecourse.
The town also hosts a celebrated programme of music, jazz, science, and literature festivals throughout the year. Further Information: Lease 125 years as of 2016.
Service Charge £945.32 per month (reviewed annually). Ground Rent £500.00 per annum. Freeholder & Management Company Sanctuary Housing Association. Local Authority Cheltenham Borough Council.
Tax Band D. Electricity Mains. Water Mains. Sewerage Mains. Heating Gas Central & Underfloor Heating. Broadband Connected but currently not in use.
Purchasers should carry out their own investigations regarding the suitability of these services.
Agents note When the property is sold, the vendor is required to pay a fee to the New Court Homeowner account. Please contact the office for further information.
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
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FAQ
About New Court, Cheltenham
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