1-bedroom house · GL50 2JG
For saleReduced £19.9k (−11.7%) on 24 JulListed 414 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A super first floor, double bedroom apartment, situated within this prestigious development for the over 65s.
This modern apartment is located within the Montpellier district of Cheltenham, close to the town centre with all its excellent amenities, and offers stylish, contemporary living throughout.
The accommodation includes a reception hall; living/dining room with door leading to the east facing, glazed balcony; an attractive, well equipped kitchen with quality integrated appliances and worktop space; a double bedroom with built-in double wardrobe and a door leading to the four piece 'Jack & Jill' shower/bathroom.
Externally, there are beautiful, manicured 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. Fee payable upon sale A fee is payable upon the future sale of the property.
This is calculated at 0.6% of the original purchase price for each year of ownership, up to a maximum of 9% after 15 years.
For example, if the owner lived in the apartment for 4 years, the fee would be 2.4%.
This fee goes directly into the New Court Homeowner Account and is used for the long-term lifecycle and upkeep of New Court.
A premier central location 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 from 2016.
Service Charge £741.70 per month (reviewed annually). Ground Rent £500 per annum. Freeholder & Management Company Sanctuary Housing Association. Local Authority Cheltenham Borough Council.
Tax Band C. Electricity Mains. Water Mains. Sewerage Mains. Heating Gas Central & Underfloor Heating. Broadband Connected to New Court (access via Wi-fi).
Purchasers should carry out their own investigations regarding the suitability of these services.
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 New Court, Lansdown Road, Cheltenham
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