Moorend Park Road, Cheltenham, GL53 0GB

Detached Regency Villa – Eleven Self-Contained Apartments – Fully Let, Producing £142,500 Per Annum – Guide Price £2,250,000

An exceptional investment opportunity awaits in this handsome detached Regency villa, thoughtfully converted into 11 self-contained one-bedroom apartments. Situated on the edge of The Park, one of Cheltenham's most established and sought-after residential districts, this multi-unit freehold offers a robust income stream from day one and significant potential for future value enhancement. Now offered at a revised guide price of £2,250,000, Arkle House is one of the most compelling block investments currently available in the town.

Built before 1900, this substantial period residence extends to approximately 5,285 sq ft and was converted into apartments in 2008/09. It comprises 11 well-proportioned one-bedroom flats, each with its own kitchen, bathroom and living space. The practical layouts suit the needs of today's renters, from young professionals to those relocating to the area, making this a highly desirable asset in an established rental location. Two of the apartments have their own private entrance, while the remainder share a well-kept main entrance that reflects the character of the original villa.

The property is currently fully let and professionally managed, producing a diversified and stable rental income of £142,500 per annum, an average of around £1,080 per apartment per month. At the guide price, this reflects a gross yield of approximately 6.3%, equivalent to about £204,500 per apartment. With income spread across 11 separate tenancies, any individual void has only a limited effect on the overall return, giving an incoming owner reassurance and consistency from completion.

A key strength of Arkle House, and the feature that sets it apart from many multi-let buildings, is that every apartment is fully self-contained. Each flat has its own gas and electricity supply with separate meters, its own boiler for heating and hot water, and its own council tax banding. This keeps running costs clear and management efficient today, and it makes it very easy to sell the flats individually in the future. To break the building up, all that's needed is to grant a lease on each apartment and set up a management company to look after the building. For an investor, that means buying a fully let block today while keeping a clear, straightforward exit route, whether that's selling selected flats to release capital or selling the whole building apartment by apartment.

Buyers also benefit from a significant stamp duty advantage. Because the purchase includes six or more dwellings in a single transaction, Stamp Duty Land Tax is charged at non-residential rates rather than residential rates. At the guide price of £2,250,000, that's about £102,000, compared with £296,250 at the higher residential rates, a saving of over £194,250 that greatly improves the overall return on the money invested.

Externally, the property benefits from allocated parking for every apartment plus additional guest spaces. That's a significant advantage in this part of Cheltenham, where parking is at a premium, and it adds noticeably to the appeal for tenants. Residents also have access to a communal garden, enhancing the setting and the overall rental offer. Most of the apartments hold an EPC rating of C, with the remainder rated D.

Arkle House is ideally positioned in a popular residential area on Moorend Park Road, within easy walking distance of Montpellier, Suffolks and the town centre, with its shops, restaurants and bars. It offers excellent access to Cheltenham Spa railway station, the A40 and the M5, as well as the town's major employment hubs. Cheltenham is renowned for its vibrant cultural scene, its festivals and racing calendar, its prestigious schools and its beautiful Regency architecture and parks. All of this supports consistent tenant demand and helps keep voids low whenever an apartment becomes available.

For investors looking to scale a portfolio, Arkle House offers an efficient way to acquire 11 income-producing units in a single purchase. That brings economies of scale in maintenance, management and insurance that would be hard to achieve by buying flats one at a time. Combined with the strength of the location, the long-term capital growth potential of period property in The Park, and the flexibility to break the building up in the future, this is a rare and genuinely versatile multi-unit freehold.

Opportunities to acquire an entire block of this quality, in this location, are limited and tend to attract strong interest. An investment pack is available for those seeking further details, including the current rent roll, tenancy schedule, occupancy, yield, EPCs and asset-management opportunities. Please contact us to request the pack or to arrange a confidential discussion or viewing.

Stamp duty figures are based on current England rates (October 2026) at the guide price. Buyers should take their own tax advice.