St. Georges Road, Cheltenham, GL50 3EQ

Known as Dorrin Court, 131 St Georges Road occupies a substantial period building dating from before 1900, set within its own grounds and extending to approximately 4,488 sq ft (417 sq m). The building has a long history of multiple occupation, having been used for shared and multi-let accommodation for several decades, and today provides twelve well-proportioned rooms, each let on its own individual tenancy agreement. This structure spreads risk across a broad tenant base rather than a single household, helping to reduce the impact of any individual void and giving an incoming owner a genuinely diversified income stream from day one.

The rent roll is currently fully let and producing a combined income of £9,210 per month, or £110,520 per annum. Against the asking price of £1,500,000, this reflects a gross yield of approximately 7.4%, a return well ahead of what is typically achievable from a single buy-to-let in the local area, and one that reflects both the strength of demand for this type of accommodation in Cheltenham and the efficiency of running multiple income streams from one roof. Individual tenancies have been let and renewed steadily over recent years, evidencing consistent, ongoing demand for rooms at this address, and full details of the current rent roll and tenancy schedule, including move-in dates and rent review history for each room, are available to genuine interested parties on request.

Presentation and compliance have both been attended to: the property benefits from a recently improved Energy Performance Certificate rating of D, valid until April 2032, a significant upgrade on the rating an older assessment would show, and one that removes a common concern for investors considering older HMO-type stock, both from a running-cost perspective and in terms of ongoing lettings compliance. 

Location is, without question, one of this property's greatest strengths. St Georges Road sits right in the heart of Cheltenham, within a few minutes' walk of Imperial Square, the Promenade and the town's principal shopping, dining and entertainment streets, and within approximately a mile of Cheltenham Spa railway station, giving excellent onward links to Gloucester, Bristol, Birmingham and London. This level of walkability to everything the town centre has to offer is a significant driver of tenant demand for individually let rooms, keeping voids low and turnover of interest high whenever a room does become available. The surrounding area also benefits from excellent transport connections beyond rail, with the M5 within a couple of miles and regular bus services passing close to the property, making it equally convenient for tenants working locally or commuting further afield.

This is a genuinely turnkey investment: fully let, income-producing from day one, and requiring no immediate management handover work, with clear scope for an incoming owner to review rents further as tenancies turn over. Opportunities to acquire an entire multi-let freehold in this location, at this level of income, are limited and tend to move quickly once genuinely available to the market. Cheltenham continues to be one of the strongest rental markets in Gloucestershire, underpinned by consistent demand from professionals, students and the town's established commuter base, and a location as central as St Georges Road will always command a premium with tenants who want to be close to everything the town has to offer.

The building itself also offers scope for an incoming owner to add further value over time. While the current rent roll already reflects strong, established income, individual room rents can typically be reviewed upward as tenancies renew, and there may be scope to enhance presentation within individual rooms to support future rental growth, subject to the usual planning and licensing considerations. For investors already holding single-let or smaller multi-let assets in the area, this represents an efficient way to add scale, income diversity and management efficiency to a portfolio without the time and cost of acquiring twelve separate properties individually.

For full details of the current rent roll, tenancy schedule, EPC and title information, request the investment pack today, or contact us to arrange a confidential discussion or viewing.