2-bedroom bungalow · GL20 5RR
Listing removedListed 50 days
Opportunity summary
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About
Situated within a popular retirement development for the over 55s, this beautifully presented two-bedroom bungalow offers a perfect blend of independent living with the peace of mind that support is available nearby if needed.
The property is immaculate throughout, providing bright and modern accommodation.
A welcoming entrance porch leads into a spacious lounge and dining area, filled with natural light and featuring an attractive electric fireplace as a focal point.
From the lounge, a door opens into the kitchen, which is fitted with a stylish range of contemporary wall and base units, along with integrated appliances including an electric hob, oven, and fridge/freezer.
The kitchen also provides access to a private south-facing patio area, ideal for enjoying the warmer months in comfort and seclusion.
An inner hallway off the main living area leads to two generous double bedrooms and a well-appointed shower room, which includes a shower cubicle, a vanity unit with an inset wash basin, and a WC.
Beyond the private accommodation, residents have access to a range of shared facilities located within the main building.
These include a communal lounge for socialising, a fully equipped laundry room with washing and drying facilities, and beautifully maintained communal gardens.
For visiting friends or family, a guest suite is also available for occasional hire.
A resident warden is usually on site during daytime hours, and each room is fitted with an emergency alarm system offering 24-hour assistance if required.
The property is ideally located in the historic town of Tewkesbury, known for its Tudor Abbey and excellent local amenities.
A wide range of leisure, health, and education facilities-including a hospital, theatre, swimming pool, and sports centre-are all within easy walking distance.
Tewkesbury is also well-positioned for travel, lying centrally between Cheltenham, Worcester, Gloucester, and Evesham, with convenient access to motorway and rail networks making commuting to Birmingham and other major cities straightforward.
The bungalow is managed by Elm Group on behalf of Orbit Housing Association and is offered on a leasehold basis, with approximately 64 years remaining on the lease (to be confirmed).
The current service and ground rent charge is believed to be approximately £222.90 per calendar month, which includes buildings insurance, property maintenance, subsidised guest accommodation, laundry facilities, and upkeep of communal areas.
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 36, Shephard Mead, Gloucestershire
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