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No longer on the market

This property is no longer on the market

6 bedroom townhouse

Chain-free
Sold STC
Townhouse
6 beds
6 baths
602
EPC rating: D
Added > 14 days

Key information

TenureFreehold
Council taxAsk agent
BroadbandUltra-fast 1000Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Substantial property split into 6 self contained apartments
  • No onward purchase
  • Current monthly rent of £3506 per month.
  • Close to the shops and restaurants
  • Permit on street parking
  • Close to the Bath Road district
  • Gas central heating
  • Grade two listed
  • Full of charm and character

Nestled in the picturesque Montpellier area, this charming Grade II listed building offers a unique blend of historical elegance and modern convenience, having been expertly converted into six self-contained apartments. Boasting a prime location just a short walk from the vibrant heart of Montpellier, this property exudes character at every turn.

With no onward chain, this residence presents an exceptional buy-to-let investment opportunity, currently generating a substantial monthly income of £4,119. Each apartment varies in size and condition, appealing to a diverse range of tenants, and offering excellent potential for increased rental returns.

Flat 1: £625pcm, with potential for £800.
Flat 2: £617pcm, with potential for £850.
Flat 3: £752pcm, potential for £950.
Flat 4: £600pcm, with scope for £725 with minor upgrades.
Flat 5: £825pcm, with potential for £950.
Flat 6: £700pcm scope to £895 - needs updating

(All tenancies are "Periodic" except apartment 5 which is on a fixed term)

With an annual income of £49,428 - Yield 6.46% (Potential £62,040 - Yield 8.11%) this property not only promises an immediate revenue stream but also offers the opportunity for capital appreciation and enhanced returns.

These apartments must be viewed to be fully appreciated. For those considering transforming this beautiful building back into a single grand residence, the potential is abundant.

Enquire now to arrange a viewing or to receive more information. This freehold property invites you to embrace a lifestyle full of charm and financial promise.

Council Tax Bands: Please contact us for detailed information.

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About this agent

Elliot Oliver Sales - Cheltenham
Elliot Oliver Sales - Cheltenham
101 Promenade Cheltenham GL50 1NW
01242 354756
Full profileProperty listings
We’re a strong, professional, proactive estate agency based in easily accessible offices on Cheltenham’s stylish Promenade. Our highly qualified staff brings experience across all aspects of residential property sales and letting in Gloucestershire and beyond. They’re here to meet your requirements and exceed your expectations. So whether you have property to sell, a portfolio of properties to rent or a mixture of both, we’ll tailor our service so you make the most of your property. By design, we’re unlike other Cheltenham estate agencies. Our goal is to maintain an extraordinarily high standard of personal service to sell or let your property fast and efficiently. In practice, this means that when you instruct us you can expect exceptional proactivity, enthusiasm and a genuine interest in you and your property. You’ll probably be surprised how often we get above asking price for clients properties too. We meet and maintain our high service standards through intensive, continual National Federation of Property Professionals (NFOPP) training for all our employees.
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