3-bedroom flat · GL50 3BD
For saleReduced £45k (−3.5%) on 12 SepListed 176 days
Opportunity summary
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About
Exchange Court is discreetly set back from a sought‐after, tree‐lined road in the heart of Montpellier.
Completed in 2023 by renowned luxury housebuilder Brookworth Homes, Exchange Court is an exclusive development of just twelve apartments, ideally located in one of Cheltenham's most desirable areas.
Montpellier's fashionable boutique shops, cafés, restaurants and wine bars are all within easy reach, while the Promenade, John Lewis and the High Street are also accessible on foot.
A striking communal entrance hall provides lift and stair access to the first floor, where a substantial front door opens into a wide and welcoming reception hallway.
To the front of the building is an impressive open‐plan living space, incorporating a sleek contemporary German kitchen by Nolte.
The kitchen is centred around a generous island and features a Quooker boiling water tap and a full range of Miele appliances, including four ovens, an induction hob and a wine cooler.
The sitting and dining area includes an elegant media wall and benefits from a dual‐aspect layout, with doors opening onto a large private balcony.
To the rear of the apartment are three well‐proportioned en‐suite bedrooms.
The principal bedroom enjoys a luxurious en‐suite bathroom featuring a freestanding Victoria + Albert bath, separate shower enclosure and twin wash hand basins.
The two remaining bedrooms are served by fully tiled en‐suite shower rooms, with wardrobes fitted in two of the bedrooms.
Further accommodation includes a utility room, which previously incorporated a guest WC, along with excellent built‐in storage throughout the hallway.
Additional features include: Enhanced thermal and acoustic insulation Underfloor heating throughout Control4 smart home system Lutron lighting with automated blinds Wireless alarm and security system with CCTV **Please be aware some images are CGI Generated** Exchange Court is set on one of Cheltenham's most prestigious roads within a short stroll of the fashionable Montpellier area which has a charming array of boutiques, restaurants, wine bars and coffee shops.
Cheltenham itself is a Regency Spa town renowned for its fine architecture, famous gardens and world renowned schools to include Cheltenham Ladies' College and Dean Close.
There are good communication links to major centres via the M5 (junctions 10 & 11), the A419 to Swindon and the M4 and A40 to London.
There are train services to London and other major cities from Cheltenham Spa, Kemble and Swindon.
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 Parabola Road, Cheltenham
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