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 · GL52 6UF
Sold STCListed 343 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
ARE YOU OVER 55 YEARS OLD? SHARED OWNERSHIP AVAILABLE. A stunning and highly recommended two bedroom second floor apartment accessed via stairs or lift. The c.
south facing accommodation is very well presented and offers entrance hall with a large storage cupboard and built-in dresser unit, bathroom with large shower cubicle, TWO DOUBLE BEDROOMS both with wardrobes, large open plan living/dining/kitchen (modern units with built-in appliances – washing machine, dishwasher, fridge, freezer, oven hob and microwave).
All rooms have far reaching views. Tenure: Leasehold - Lease: 99 years from and including 12 October 1983 so lease expires on 11/10/2082.
Shared Ownership: A buyer/tenant can buy either a 25%, 50%, 75% & 100% share in the interest in the property.
A proviso of the Lease is that should the property come up for re-sale then Cheltenham Borough Council are obliged to purchase the property back from the owner at market value.
Making this, in our opinion, a massive benefit to owning a flat in this development.
Service charges are set dependent upon what % you own - please ask for more details James Donovan Court is a delightful complex with only 23 Apartments and the home owners have the benefit from a communal meetings room on the first floor, a part time manager, residents' enclosed washing line area and a residents’ car parking based on first come, first served basis.
Also with communal entrance hall with seating area, stairs & lift to the 1st and 2nd Floor) apartment for the over 55s, close to local amenities and large supermarket.
All information subject to legal confirmation Important Notice: SureLet have not tested any apparatus/installations/ services and cannot vouch for their condition.
We therefore strongly recommend that their condition is verified by prospective purchaser(s) through surveyors or solicitors.
Money laundering regulations: To comply with money laundering regulations, prospective purchasers will be asked to produce identification documentation at the time of making an offer.
We ask for your cooperation in order that there is no delay in agreeing the sale, should your offer be acceptable to the Seller(s).
SureLet may offer to assist in arranging insurance or other products/services and/or mortgages and may be entitled to receive commission in respect of any services provided.
It is your decision whether you choose to deal with a company or service we recommend to you.
In making that decision, you should know that we may receive referral fees worth between £200 and £1500 per annum
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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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.
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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.
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FAQ
About Hewlett Road, Cheltenham
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