Cheltenham, GL52 2NZ | Investment Property for Sale | VES-GL52-002

Opportunity to purchase a HMO in Cheltenham generating £55,920 rent pa & gross yield of 9.1%


HMO Terraced House




Based on

deposit: £153,750

stamp duty: £24,200

mortgage fees: £1,500

conveyancing fees: £1,000






The property





8 bedrooms

8 bathrooms

1 reception room


Fully Furnished

Property information

  • HMO licence for up to 8 people
  • Communal kitchen and lounge with dining area on the ground floor
  • Second kitchen on the first floor
  • All bedrooms come with ensuite bathrooms
  • Laundry room at the rear of the property
  • 1 parking space at the rear of the property for maintenance contractors only
  • The property underwent extensive refurbishment works in 2015, see below for details
  • EPC rating D

Refurbishment information

  • New mechanical, electrical and plumbing services
  • New kitchens
  • New bathrooms
  • Redecorated throughout

Rental information

  • Room 1 - £500 pcm - let since December 2018
  • Room 2 - £565 pcm - let since February 2020
  • Room 3 - £625 pcm - let since August 2018
  • Room 4 - £590 pcm - let since May 2019
  • Room 5 - £595 pcm - let since November 2019
  • Room 6 - £600 pcm - let since October 2018
  • Room 7 - £595 pcm - let since January 2020
  • Room 8 - £590 pcm - let since March 2019
  • Total rent pcm: £4,660
  • Total rent pa: £55,920

Running costs

The vendor provided us with the following running costs of this property:

  • Gas bill: £166 pcm
  • Electricity bill: £164 pcm
  • Council tax: £605.28 pcm
  • Water bill: £105.75 pcm
  • TV licence: £40.64 pcm
  • Broadband: £66.96 pcm
  • Insurance: £60.12 pcm
  • Total cost pcm: £1,208.75
  • Total cost pa: £14,505


Please note that Vesta has not visited this property and that all material has been provided by the vendor.


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

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

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.

Portland Street,




GL52 2NZ

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