Millbrook Street, Millbrook Court Millbrook Street, GL50
- PROPERTY TYPE
Studio
- BATHROOMS
1
- SIZE
236 sq ft
22 sq m
Key features
- Well-Presented Top-Floor Studio Apartment
- Attractive Investment Opportunity
- NO ONWARD CHAIN
- Gross Rental Yield of 10.38% at Asking Price
- Ideal for Cash Investors
- Local Supermarkets on Doorstep
- Walking Distance to Cheltenham Town Centre
- Allocated Off Road Parking
- Convenient Access to Cheltenham Train Station
- Also Suitable for First-Time Buyers, Subject to Lending Criteria
Description
AN EXCELLENT INVESTMENT OPPORTUNITY – 10.38% GROSS RENTAL YIELD – IDEAL FOR CASH BUYERS – NO ONWARD CHAIN – ALLOCATED PARKING
An excellent opportunity for buy-to-let investors, this well-presented top-floor studio apartment offers an attractive gross rental yield of 10.38% based on the current asking price. With its central location, allocated parking and no onward chain, the property presents an appealing opportunity for investors looking to expand their portfolio or enter the rental market.
The apartment has been thoughtfully designed to maximise the available space, offering a bright and practical open-plan living area incorporating a modern fitted kitchen with ample storage and worktop space. A separate bathroom features a contemporary suite, whilst double glazing and electric heating provide additional comfort and practicality.
From an investment perspective, the property's location is a key selling point. Situated within walking distance of Cheltenham town centre and the train station, it is well positioned to appeal to working professionals and commuters seeking convenient access to transport links and local amenities. A range of supermarkets, shops, cafés and leisure facilities are also within easy reach.
The property further benefits from allocated off-road parking, an attractive feature for prospective tenants, alongside secure entry to the building.
With a gross rental yield of 10.38% at the current asking price, the apartment offers investors an opportunity to acquire a centrally located property with attractive income potential. The exceptionally long remaining lease of approximately 967 years is another positive feature for prospective purchasers.
Whilst the property is particularly well suited to investors, it could also appeal to first-time buyers seeking an affordable and conveniently located home. However, due to the compact size of the apartment and potential mortgage lending restrictions, the property is expected to be most suitable for cash purchasers. Buyers requiring mortgage finance are advised to check lending criteria with their mortgage adviser before proceeding.
Offered to the market with no onward chain, this is an attractive opportunity for purchasers seeking a conveniently located studio apartment with strong investment potential.
Leasehold Information
Tenure: Leasehold
Remaining Lease: Approximately 967 years
Service Charge: £1,440 per annum
Ground Rent: £100 per annum
Council Tax Band: A
Parking - Allocated parking
Brochures
Buyers ReportProperty Brochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Off street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Millbrook Street, Millbrook Court Millbrook Street, GL50
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Visit our security centre to find out moreDisclaimer - Property reference 050b41a2-93ab-43bc-83a9-a8100d55a0d4. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Move Sales & Lettings, Cheltenham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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