3-bedroom flat · GL50 4EQ
To rentListed 12 days
Opportunity summary
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About
An exclusive collection of newly completed apartments in the heart of Cheltenham, Dowty House offers a distinctive opportunity to enjoy contemporary living within a setting rich in local heritage.
Available to rent for the first time following redevelopment, these carefully finished homes form a dedicated build-to-rent development, with quality, comfort and modern living at its heart.
Originally built in 1866 as an orphanage, Dowty House has been part of Cheltenham's architectural landscape for over 150 years.
Its distinctive Victorian Gothic character gives the development a striking identity, bringing a sense of history and individuality to this new chapter in the building's life.
The redevelopment combines the conversion of the historic house with contemporary apartments, creating a collection of homes finished to a high standard.
Thoughtfully designed interiors and an impressive setting offer an elegant base for town centre living.
Situated on St Margaret's Road, directly opposite the Brewery Quarter, residents have restaurants, cafés, bars and entertainment on their doorstep.
Cheltenham's High Street and wider shopping district are within easy walking distance, making the location as convenient for everyday essentials as it is for dining out and enjoying the town.
**Applications are currently being accepted off-plan, offering prospective residents the opportunity to select their preferred apartment ahead of occupation.
Please contact CGT Lettings for available floorplans, apartment specifications and details of the application process.** Apartment 4 is a striking three-bedroom duplex within the historic Dowty House, combining remarkable architectural features with elegant contemporary interiors and the added benefit of an included carport.
The centrepiece is the impressive upper-floor kitchen, living and dining space.
Dramatic sloping ceilings, exposed structural detailing and magnificent Gothic windows with decorative stone tracery create a memorable setting for relaxing and entertaining.
Natural light highlights the building's character, while the contemporary kitchen offers sleek cabinetry, contrasting black fittings, a fitted oven and hob, and a central island.
On the lower level, three bedrooms provide a versatile arrangement, complemented by a bathroom and a separate shower room, both accessed from the hallway.
The separation between the bedrooms and principal living space gives the apartment a distinctive layout and a sense of privacy.
Finished with a refined neutral palette, soft bedroom carpeting and wood-effect flooring throughout the living area, this individual home offers character, style and the convenience of Cheltenham town centre living.
An included carport provides covered parking—a particularly desirable benefit in this central location.
Available to rent for the first time following conversion, Apartment 4 forms part of the exclusive Dowty House build-to-rent development.
Applications are currently being accepted off-plan; please contact CGT Lettings for further details and the application process.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Flat 4 Dowty House, Cheltenham
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