2-bedroom flat · GL20 5US
Under offerListed 72 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This is a great duplex apartment located in the heart of the town centre within a purpose-built apartment block.
One distinct advantage of these apartments is that the owners jointly own the Freehold and therefore control and management of the whole, without ground rent and in perpetuity lease length of 999 years from 1992.
Beautifully presented throughout the feel of this apartment is more like a house than a flat having the benefit of its front door directly accessed from the internal quadrangle.
Inside, stairs lead to the entrance hall and on through to the light and spacious dual aspect living room.
Patio doors lead through to a wide balcony providing the perfect spot to enjoy the sunshine and views across the River and Ham.
An archway leads through to the modern kitchen which is fitted with a range of wall and base units with an integrated electric oven, electric hob, extractor and fridge.
Stairs from the hallway lead up to two double bedrooms, both benefitting from fitted wardrobes; and the bathroom.
The bathroom is fitted with a white suite comprising of a panel bath with shower over, pedestal wash basin and low level wc.
The property has the advantage of gas fired central heating and double glazed windows. Within the quadrangle is an allocated covered parking space, a real bonus in the town centre.
Tewkesbury is a popular Tudor Abbey town with a wealth of leisure, health, and education facilities including hospital, theatre, swimming pool and sports centre all within easy walking distance of the property.
Centrally situated between Cheltenham, Worcester, Gloucester and Evesham it is an excellent commuting base, with Birmingham and other major cities made easy with the motorway and rail networks readily accessible.
Lounge/Dining Room 19' 1" x 9' 6" (5.82m x 2.90m) Kitchen 7' 4" x 6' 8" (2.24m x 2.03m) Balcony 10' 0" x 4' 0" (3.05m x 1.22m) Bedroom 1 9' 6" x 8' 3" (2.90m x 2.51m) Bedroom 2 9' 5" x 8' 6" (2.87m x 2.59m) Bathroom 7' 10" x 6' 3" (2.39m x 1.91m)
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
Agent & docs
FAQ
About Priors Court, Back of Avon, Tewkesbury, GL20
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