3-bedroom flat · GL50 3AY
For saleListed 177 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A lovely Grade II listed lower ground floor apartment with private parking and courtyard on this landmark terrace in the heart of Cheltenham town.
Description 8 Royal Parade is an impressive Grade II listed residence that has been thoughtfully converted into a collection of elegant apartments.
This particular home is situated on the lower ground floor and benefits from a wonderfully bright, flexible layout enhanced by unexpectedly high ceilings.
The accommodation is versatile and can be arranged as either a two or three bedroom apartment, depending on preference.
There are two generous double bedrooms along with a third room that works perfectly as a smaller bedroom, or home office. This room also provides access to a practical utility space.
All bedrooms are served by a well appointed family bathroom.
The open plan kitchen and family room forms the heart of the home, featuring French doors that open onto a private sunken terrace an ideal spot for outdoor dining.
Steps lead up from the terrace to a mature and beautifully maintained town garden. Parking is available at the rear of the building, with convenient access through a gate from the garden.
Location Royal Parade is situated in Montpellier, an area of Cheltenham with a cosmopolitan lifestyle having cafes with wonderful on street terraces and wine bars, and enjoys excellent access to the town centre.
Cheltenham is famed as one of the most complete Regency towns in England and historically the original and most fashionable spa.
Less than a hundred miles from London it nestles beautifully between the Cotswold Hills and the Wye Valley, and is home to numerous prestigious schools including Cheltenham College, Cheltenham Ladies College, Dean Close and Pates Grammar.
Now a highly sought after place to live the town is well known for its grand houses set amongst formal avenues and beautiful garden squares.
For those with a taste for the finer things in life, there are Michelin starred restaurants, numerous bars, stylish shops and salons aplenty.
For art and history lovers there is The Wilson, Cheltenham’s newly refurbished museum and art gallery, whilst Cheltenham also has a thriving cultural scene that includes two concert halls and three theatres.
There are the numerous festivals such as The Wychwood Festival, the festivals of literature, science, food and drink and, perhaps the pinnacle for some, the jazz festival, which has historically attracted such known performers as Van Morrison, Jamie Cullum and Jools Holland.
Undoubtedly for many more, the highlight of the year is the annual racing festival culminating with the Cheltenham Gold Cup, the blue riband event of the national hunt calendar, and an attraction that draws the public to the town year after year.
Square Footage: 1,081 sq ft Additional Info Services: Mains water, electricity, gas and drainage. Gas central heating.
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 8, Royal Parade, Cheltenham, Gloucestershire, GL50
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