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London Road Cheltenham

PROPERTY TYPE

Terraced

BEDROOMS

5

BATHROOMS

5

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • FOUR LARGE SELF CONTAINED APARTMENTS
  • CURRENT MONTHLY RENT £4,045
  • ANNUAL RENTAL £48,540 YIELD OF 6%
  • PARKING FOR 3/4 CARS
  • EXCELLENT LOCATION

Description

** INVESTMENT OPPORTUNITY - FREEHOLD SALE - FOUR APARTMENTS**

A Grade II listed property conveniently situated on the London Road just a short distance from Cheltenham Town Centre, Cheltenham General Hospital, local parks, amenities and transport networks.

The property briefly provides:

Communal Access from front and rear to hallway and stair well,

Lower Ground Floor (Flat 1) – Superbly presented large split level TWO BEDROOM and TWO BATHROOM apartment with large open plan kitchen (with island), generous living room and two double bedrooms with the second being on ground floor level. Access to small courtyard area Tenanted - current rent £1350 pcm

Ground Floor (Flat 2) - Generous Studio apartment with separate kitchen and shower room having with period features, gas central heating, and sash windows. New Tenancy Starting – Rent £750
First Floor (Flat 3) – Spacious with many period features offering entrance hall, generous living room with ornate flower balconies, separate kitchen with dining area, bathroom with shower cubicle, good size double bedroom, gas central heating, period features including fireplace and sash windows. Tenanted – current rent £995 pcm

Second Floor (Flat 4) - Large split level one bedroom apartment with a very generous living room, large kitchen/dining room, separate bathroom with shower over bath, good size double bedroom, gas central heating, period features including fireplace and sash windows. Tenanted - current rent £950 pcm (could be £1,000)

Rear parking area for 3-4 cars accessed from Avenall’s Parade.

Current monthly rent £4,045/annual rental £48,540 yield of 6%

Current likely individual flat values

Flat 1 - £275,000, Flat 2 - £150,000, Flat 3 - £195,000, Flat 4 - £185,000

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: Please be aware that we are required by law to comply with the Anti Money Laundering (AML) regulations set out by HMRC for all property transactions. Therefore it is mandatory for both buyers and sellers to successfully complete these checks before any property transaction can proceed. A fee will be charged for each individual AML check conducted.

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

Brochures

DetailsBrochure
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: B
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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London Road Cheltenham

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About Sure Property Group, Cheltenham

23 Bath Street, Cheltenham, GL50 1YA

Sales and Lettings:

Sure Property Group Cheltenham are delighted and proud to have received two awards at the prestigious ESTAS Customer Service Awards 2023. We won Bronze in the Tenant Award for the Southern Area covering Gloucestershire, Berkshire, Buckinghamshire and Oxfordshire along with Best in Postcode (GL50).

Our team prides itself on the service we provide to our clients in order to help them achieve their aim at the best possible price. We are there to assist every step of the way with sellers and applicants alike and sincerely believe we achieve the very best results.

We are a small and dedicated team and we feel that being a small team we are able to offer a more personal service as everyone deals with all aspects of the business and is therefore knowledgeable about the current status of each property we handle.

A very large proportion of our business is by personal and business referrals and previous returning clients of which we are very proud.

We offer the best advice when it comes to letting your property, and pride ourselves in putting Landlords and Tenants at ease by assuring you of a professional service that will assess your needs and provide you with a package that meets them. We are able to offer a wide variety of property types for rent and will make every effort to meet your needs.

Affordability

Monthly repayments£3,649
Property: £ 800,000
Deposit: £ 80,000
Interest rate: 4.5%
Term: 30 years
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Disclaimer - Property reference 34564446. 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 Sure Property Group, 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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