We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · GL50 3BB
For saleReduced £25k (−6.7%) on 26 AugListed 212 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A 1,000 sq. Ft. Modern penthouse with scope to update in sought-after Montpellier, offering two bedrooms, two bathrooms, and a large south-westerly balcony with town and Leckhampton Hill views.
Lift access, secure underground parking, and excellent natural light throughout.
Description Extending to over 1,000sq.ft., this modern penthouse apartment offers clear potential for updating and improvement, providing an opportunity to create a well-appointed home in sought-after Montpellier.
Situated on the top floor, the apartment enjoys lift access and benefits from a large south-westerly facing balcony with open views across the town and towards Leckhampton Hill, making it an ideal space for relaxing or entertaining.
In addition, the apartment is also favoured with a secure underground parking space.
The accommodation is arranged in a practical and flexible layout, comprising two well-proportioned bedrooms, two bathrooms, and a separate cloakroom.
The living space is bright and spacious, with large windows allowing natural light to flood the interiors.
Ample storage is provided throughout, ensuring the apartment is both comfortable and functional, making it particularly suitable for professionals, couples, or those looking to downsize without compromising on space.
The building, constructed in the Victorian style, is well maintained and sits on one of Montpellier’s most attractive terraces, combining period charm with practical modern features.
The property offers easy access to the town centre, with a range of boutique shops, cafés, restaurants, and amenities within walking distance.
For those who enjoy the outdoors, green spaces and the wider Cotswolds, including Leckhampton Hill, are close by, offering opportunities for walking, cycling, and enjoying the countryside.
This penthouse presents a rare chance to secure a well-located, spacious home with excellent light, views, and scope for modernisation.
Its combination of internal space, outdoor living, secure parking, and lift access makes it an appealing choice for professionals, couples, or downsizers seeking a manageable, stylish home in a prestigious location.
General Information General information Mains water, electricity, gas and drainage are connected to the property. Short-term/holiday let’s are not permitted. No pets allowed.
EPC rating D council tax Cheltenham Borough Council Council Tax Band (D) - £2,356.15 (2026/2027). Tenure Leasehold with Share of Freehold. 999 years from 1987 (960 years remaining).
Service charge £3,444pa. Viewings Strictly by prior appointment through Charles Lear & Co.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Flat 2, 10, Queens Parade, Cheltenham
Explore nearby