1-bedroom house · GL51 6PN
For saleReduced £20k (−5.6%) on 20 MayListed 307 days
Opportunity summary
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About
Google Review: Richmond village has exceeded my expectations. After living with me for 10 years I wanted a safe environment for my elderly mother to live in.
All the staff have been extremely kind, supportive and helpful. Property We are delighted to offer this very well presented resale one bedroom second floor apartment.
The property is ideally situated within easy access of our outstanding on-site facilities including the restaurant, bar, reception, library, luxury urban dry spa, beautifully manicured gardens and café.
You enter the apartment into a hallway, which provides access to both rooms.
The well-equipped, fitted kitchenette adjoins the living space and includes base level units with worktops, a stainless steel sink, microwave oven and fridge.
The living / dining room is well proportioned, allowing plenty of space to entertain family or friends. The room overlooks the communal woodland grounds and includes a balcony seating area.
The generously sized bedroom features a modern walk in shower room with storage. Outside, residents have access to beautifully maintained grounds, carefully tended to by our village gardeners.
Richmond Villages Cheltenham welcomes residents who are 60 and over. We also warmly welcome pets as part of the family.
Community & Wellbeing: Aside from the dedicated team of professionals on-hand, what makes our village special is the sense of community we proudly nurture.
With a wide roster of daily events and activities, from floristry and choir groups to art classes and skittles you can take pleasure in both maintaining your existing hobbies or picking up something new.
Location: Nestled amidst the picturesque beauty of the Cotswolds, Richmond Villages Cheltenham is a haven of tranquillity and elegance.
Situated in the heart of this idyllic Spa town, Cheltenham is renowned for its regency architecture, lush green spaces, and refined cultural offerings.
The town exudes a timeless charm, with its grand promenades and historic landmarks, showcasing a rich heritage dating back to the 18th century.
Home to the world-famous Cheltenham Racecourse and the stunning Pittville Park, residents will find themselves immersed in a community that seamlessly blends natural splendour with cultural vibrance.
With a wealth of boutique shops, gourmet dining experiences, and a calendar brimming with engaging events, Cheltenham offers a lifestyle that is both refined and vibrant.
Experience the best of town and country living at Richmond Villages Cheltenham, where every day is an invitation to savour the beauty and culture that defines this exquisite locale.
Service Charge Fees A key benefit to living at Richmond Villages is the level of care, support and services that are available to make life more comfortable and enjoyable.
A Service Charge of £235.07 per week covers the general upkeep of the village facilities, building insurance and maintenance, management and registration of staff, and social wellbeing activities and events.
This is reviewed annually on 1st January. A Transfer Fee of 6% of the sale price applies on resales in year one, 8% in year two, and 10% thereafter.
A separate charge for Ground Rent of £250 is payable annually on resale properties. This is subject to five yearly reviews from the commencement date specified in the lease.
Purchasers of Assisted Living apartments also pay for a Lifestyle Package or a Lifestyle Flex Package.
These cover utility costs and (with differences between the two packages) meals, housekeeping and laundry services. Lifestyle Packages are available from £479 per week based on single occupancy.
This is reviewed annually on 1st April. Please refer to the All You Need to Know booklet or speak to a Village Adviser for further details.
Important Notice: These particulars are intended to give a fair and substantially correct overall description. All dimensions are approximate. The properties are sold unfurnished.
Properties are sold on a 125 year lease and this property 120 years remaining.
Some images used may represent similar show apartments which have been used for guidance and illustrative purposes only, and do not represent the specific apartment for sale.
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 No. 32 Village Centre, Richmond Villages Cheltenham, Hatherley Lane, Cheltenham, Gloucestershire, GL51
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