Cheltenham, GL52 2NB | Investment Property for Sale | VES-GL52-001

Opportunity to purchase an apartment in Cheltenham generating £7,200 rent pa and a gross yield of 4.6%

£155,000

Apartment

VES-GL52-001

INITIAL INVESTMENT

£70,650

GROSS RENT / YIELD

£7,200 / 4.6%

NET RENT / YIELD

£4,156 / 2.7%

ADD TO FAVOURITES

Long-term tenant

Tenants that stay for long periods feel they have a stake in the property and are more likely to treat it as though it was theirs.

Benefits include:

  • Steady income
  • Minimised wear and tear
  • Fewer void periods

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£175

SERVICE CHARGE

£1,199

1 bedroom

1 bathroom

1 reception room

405

Unfurnished

Leasehold information

  • Length of lease: 125 years
  • Year lease started: 2007

Property information

  • Third floor apartment
  • Comes with juliette balcony
  • EPC rating B
  • Tenancy is on a Rent to Rent basis to a professional tenant

Whilst the displayed financials below are market averages, these are estimated running costs based on other properties we have listed:

Estimated running costs

  • Council tax: £140 pcm
  • Water bill: £30 pcm
  • Gas & electricity bill: £200 pcm
  • Virgin Wi-Fi bill: £35 pcm
  • TV licence: £12.54 pcm
  • Total cost pcm: £417.54
  • Total cost pa: £5,0,10.48

Note

The listings particulars haven't yet been reviewed by the vendor and are therefore not final.

Tenancy

RENT

£7,200 p.a. / £600 pcm

TENANCY DEPOSIT

£0

TENANCY TYPE

FRI Lease

TENANCY AGREEMENT STARTED

over 10 years ago

TENANCY AGREEMENT ENDS

Periodic

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

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Rental Income

GROSS RENT PER ANNUM

£7,200

Equivalent of £600 per calendar month (PCM).

GROSS RENTAL YIELD

4.6%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£4,156

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

2.7%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£3,044

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Profit & Growth

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Cheltenham

Cheltenham is a town and borough in the south-west of England, on the edge of the Cotswolds. It is around 9 miles east of Gloucester, 25 miles south of Worcester and 96 miles northwest of London.

The town is near the M5 motorway which runs from West Bromwich near Birmingham to Exeter in Devon, the A417 to Swindon and the A40 to Oxford and London.

Cheltenham Spa railway station is located on the Bristol-Birmingham main line. It is managed by Great Western Railway and offers services to Gloucester, Bristol, Swindon, London Paddington, Cardiff Central, Bridgend, Maesteg, Plymouth and the South West, Birmingham, Derby, the North West, the North East and Scotland.

Cheltenham is well-known for its regency architecture and considered to be one of the most complete regency towns in England and several of its buildings are listed. Some of these include the Cheltenham Synagogue, Cheltenham Town Hall, Montpellier Caryatids, Pittville Pump Room, The Playhouse Theatre and The Promenade and Long Gardens.

Other local points of interest are Neptune’s Fountain, the Hare and Minotaur bronze sculpture, Imperial Gardens and the Holst Birthplace Museum.

Located on the edge of the Cotswold there are numerous options for day trips and weekends away. For example, visits to Bourton on the Water, Stow on the Wold, Moreton in Marsh, Bibury, Cirencester. Or Adam Henson’s Cotswold Farm Park or Sudeley Castle and Gardens or a drive along The Romantic Road.

The town is also well-known for its numerous festivals that take place throughout the year, such as the Cheltenham Festival (horse racing), Cheltenham Literature Festival, Cheltenham Jazz Festival, the Cheltenham Science Festival, Cheltenham Food & Drink Festival and the Cheltenham Music Festival.

Aside from cultural experiences Cheltenham also has a lot on offer for food fanatics, with many small and independent restaurants as well as a Michelin Star restaurant. The town is also a great shopping destination with numerous shops housed in beautiful regency buildings. One can find here the usual High Street favourites as well as independent retailers. The Brewery Quarter has been connected to the High Street which saw pedestrianised areas extended and old office blocks torn down. The Promenade, Montpellier, The Suffolks and Bath Road offer unique shopping experiences that are not to be missed.

Cheltenham offers employment in a variety of sectors and some of the town’s employers are the Government Communications Headquarters (GCHQ), Vertex Data Science, Chelsea Building Society, Nelson Thornes, Spirax-Sarco Engineering, Kohler Mira, SuperGroup plc (headquarter of Superdry), to name a few.

Warwick Place,

Cheltenham,

Gloucestershire,

England,

GL52 2NB

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

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