3-bedroom house · GL52 5AF
Sold STCReduced £10k (−3.6%) on 29 AugListed 189 days
Opportunity summary
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About
Set on Wessex Drive at the top of the road overlooking Cheltenham is this modern terraced home with garage and parking.
Built as a 3-bedroom house, the current owners have opened up bedrooms 1 and 3 to create a very large main bedroom across the front of the house, with a double guest room and bathroom at the rear.
Downstairs the open plan kitchen dining and living area has bi-fold doors to the garden, whilst off the hallway is a cloakroom WC. A garage and off road parking complete a lovely home.
Set on Wessex Drive at the top of the road with incredible views overlooking Cheltenham is this modern terraced home with garage and parking.
Built as a 3-bedroom house, the current owners have opened up bedrooms 1 and 3 to create a very large main bedroom across the front of the house.
The home could be easily reinstated at 3-bedrooms with the stud wall put back.
As it stands in addition to the large main bedroom with two windows looking down over Cheltenham there is a double guest room to the rear of the house with built in wardrobe, plus a family bathroom with modern white suite and shower Bath.
On the ground floor the entrance hall has a cloakroom WC off and opens into the open plan living accommodation.
The 'L' shape kitchen dining and living area features bi-fold doors to the garden at the rear, perfect for entertaining.
Plus has a double glazed windows to both front and rear aspect ensuring the space is light and welcoming. A garage and off road parking complete a lovely home in this tucked away cul-de-sac.
The property is leasehold as all the houses are in this location with a 999 year lease from the 1977 build date. The property is EPC rating D and council tax band C.
There is a ground rent charge of £50 a year and a cap on place it cannot exceed £150 a year. There is also a small maintenance fee of £125 a year to maintain hedges and verges.
Location: Wessex Drive is a cul-de-sac of homes set off of Priors Road just after the turn for Harp Hill. This property is located at the top of the hill and enjoys beautiful views over Cheltenham.
The property backs onto Oakley Farm and Battledown and due to being a cul-de-sac is rather unique in its location.
The homes were built as leasehold in 1977, believed to be due to gchq which at the time was on Oakley, not wanting to have freehold homes so close to their headquarters.
The location is around 1.5 miles from the centre of Cheltenham and close to the open countryside accessed from Harp Hill which leads up to Cleeve Hill.
Cheltenham is a historic spa town and borough adjacent to the Cotswolds in Gloucestershire.
Cheltenham became known as a health and holiday spa town resort following the discovery of mineral springs in 1716 and hosts several cultural festivals.
The Cheltenham Literature Festival, the Jazz Festival, Science Festival, Music Festival, International Film Festival, Cricket Festival and the Cheltenham Food & Drink Festival.
In steeplechase horse racing, the Gold Cup is the main event of the Cheltenham Festival held every March.
It is also home to a number of leading independent schools, including Cheltenham College and Cheltenham Ladies' College.
Cheltenham also features glorious parks and gardens, along with a thriving town centre and The Promenade in Montpellier.
Value & comps
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Returns
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Archie refurb estimate: a Pro feature
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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 63, Wessex Drive, Cheltenham
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