2-bedroom house · GL51 8DW
For saleListed 54 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located within the highly regarded Honeybourne Gate retirement development, this well presented 2 bedroom apartment for over-60s offers modern, low-maintenance living in the heart of Cheltenham’s renowned Festival Town.
Ideally positioned close to shops, cafés, healthcare, transport links and the town centre, it combines comfort, security and a vibrant community.
The spacious living room features a large Juliette balcony, allowing plenty of natural light, while the open plan fitted kitchen comes with integrated appliances, including a dishwasher and washing machine.
The bright and airy principal bedroom has an en suite shower room with level access shower, complemented by a separate modern bathroom.
Positioned on the peaceful third floor, the apartment has easy access to extensive communal seating areas, ideal for socialising.
Residents also benefit from 24 hour onsite staffing, CCTV, secure entry systems and emergency alarm response, offering peace of mind while maintaining independence.
Optional Extra Care services are available to support future needs.
A standard annual service charge funds the maintenance and staffing of facilities at the complex, it also provides each apartment with 1.5 hours of housekeeping services per week.
Additional assistance or personal care is available through tailored flexible service packages.
This can be used for anything from shopping, laundry, household chores, attending medical appointments, domiciliary care or trips and excursions.
Set on the corner of Gloucester Road and Tewkesbury Road with easy access to the railway station, the town centre and major road links.
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: Leasehold 125 years from October 2015.
Freeholder Rusty Shilling Developments Ltd. Service Charge Currently £9100 per year. Ground Rent Currently £315 per year. Pets & Short Term Lets Not Permitted.
Local Authority Cheltenham Borough Council. Tax Band E. Electricity Mains. Water Mains. Sewerage Mains. Heating Electric.
Purchasers should carry out their own investigations regarding the suitability of these services. Please Note Transfer charges apply. Please ask for further details.
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 Apartment 41, 2, Honeybourne Gate, Cheltenham
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