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See how verdicts work1-bedroom flat · GL51 3GB
For saleReduced £5k (−5.6%) on 25 AugListed 454 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Nestled in the desirable Lansdown area of Cheltenham, this well-presented ground floor retirement apartment offers a peaceful yet convenient lifestyle for those over 60.
The property features a spacious double bedroom with integrated wardrobes, a well-appointed bathroom, a fitted kitchen, and a generously sized lounge with patio doors opening directly onto the beautifully maintained communal gardens.
Part of the Pegasus Court development by Pegasus Retirement Homes plc, the community includes both apartments and cottages.
Residents benefit from a full-time Development Manager who oversees daily operations and provides assistance in emergencies.
Additionally, each home is connected to a 24-hour emergency call system for added peace of mind.
Pegasus Court enjoys an enviable location-close to Cheltenham town centre, yet within easy reach of local amenities. Just a short distance away lies Montpellier, the regency heart of Cheltenham.
Known for its vibrant atmosphere, Montpellier boasts elegant architecture, a variety of boutique shops, cafés, and restaurants, and Montpellier Gardens, which host events such as the Literature, Jazz, Science, and Food festivals.
Cheltenham is often known as the gateway to the Cotswolds and famed for its extensive range of festivals, including National Hunt, literature, music, drama, science, food and drink and jazz.
There are extensive modern shopping facilities within the town and a range of recreational and cultural amenities, including golf courses, racecourse, theatre and cinema.
There are additional excellent communications to the other nearby centres via the M5 giving easy access to Bristol and Birmingham and there is a mainline railway station with services to London.
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
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FAQ
About 2, Pegasus Court, Cheltenham
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