1-bedroom flat · GL50 3QQ
For saleListed 81 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in Central Cheltenham near Waitrose, Somerset House is a well positioned retirement development for the over 60’s which is offered to the market with no onward chain.
Set within an easy level walk of the town centre and a host of local amenities, this top-floor apartment is accessed via stairs or a lift.
The accommodation briefly comprises an entrance hall leading to the 12' bedroom, which enjoys far-reaching views.
The bathroom offers a white suite with WC, wash hand basin, skylight and a walk-in shower. The kitchen includes wall, base and drawer units, a single basin, skylight and space for appliances.
To the rear is the sitting room, measuring 12'7" x 12'7", featuring an electric fireplace with surround and hearth, again enjoying hill views.
Additional facilities include full use of laundry room (which includes drying), use of a communal room for functions (or bookable for resident special events) and use of the garden at the rear.
The apartment is heated by economy night storage heating, and double glazed UPVC windows.
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 Flat 22, Somerset House,, Knapp Road, Gloucestershire
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