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Floorplans (
Map6 bedroom terraced house for sale
Church Street, Tewkesbury, Gloucestershire
Chain-free
Terraced house
6 beds
6 baths
Key information
Tenure: Freehold
Council tax: Band A
Broadband: Super-fast 80Mbps *
Features and description
- No Onward Chain
- Sold with tenants in situ
- Six one bedroom apartments
- Ground floor commerical unit
- Current income: £64,500 pa (8.32% yield at asking price)
- Potential income: £71,400 pa (9.21% yield at £850 pcm)
This attractive freehold investment opportunity on Church Street comprises six one-bedroom apartments and a ground floor commercial unit, all set in a prime town-centre location within easy reach of local amenities. Converted in 2005, the property is offered to the market with tenants in situ and no onward chain, providing a straightforward, ready-made buy-to-let purchase.
The building currently generates an annual rental income of £64,500, producing a yield of 8.32% at the asking price. Several apartments are presently let below market value, with recent new tenancies achieving £850 pcm. At this level, the projected annual income increases to £71,400, delivering a potential yield of 9.21%, reinforcing the strength of the investment.
Arranged two per floor, the apartments are accessed via a communal entrance, while the ground-floor commercial unit benefits from its own separate street access. Each apartment offers an open-plan kitchen, living and dining area with a fitted kitchen and breakfast bar, a double bedroom, and a bathroom with bath, shower over, WC and basin. The front-facing apartments enjoy stunning views across to Tewkesbury Abbey, adding to their desirability.
The commercial unit sits to the front of the building and includes a rear storeroom, two utility rooms and a cloakroom.
Please note: there is no on-site parking, but permit parking is available nearby, ensuring convenient options for residents.
The entire building is held under a single freehold title, with no separate leases for the apartments or commercial unit. Each apartment falls within Council Tax Band A.
A superb investment opportunity in a highly sought-after central location.
The building currently generates an annual rental income of £64,500, producing a yield of 8.32% at the asking price. Several apartments are presently let below market value, with recent new tenancies achieving £850 pcm. At this level, the projected annual income increases to £71,400, delivering a potential yield of 9.21%, reinforcing the strength of the investment.
Arranged two per floor, the apartments are accessed via a communal entrance, while the ground-floor commercial unit benefits from its own separate street access. Each apartment offers an open-plan kitchen, living and dining area with a fitted kitchen and breakfast bar, a double bedroom, and a bathroom with bath, shower over, WC and basin. The front-facing apartments enjoy stunning views across to Tewkesbury Abbey, adding to their desirability.
The commercial unit sits to the front of the building and includes a rear storeroom, two utility rooms and a cloakroom.
Please note: there is no on-site parking, but permit parking is available nearby, ensuring convenient options for residents.
The entire building is held under a single freehold title, with no separate leases for the apartments or commercial unit. Each apartment falls within Council Tax Band A.
A superb investment opportunity in a highly sought-after central location.
Property information from this agent
About this agent
Founded in 1993, Peter Ball & Co is an estate agent delivering truly customer-focused service. With 5 offices across Cheltenham - in Cheltenham town centre, Tewkesbury, Leckhampton Bishops Cleeve and Charlton Kings - and a long-serving team, many of whom have spent more than half of their careers in the company, we know what it takes to help get you moving and on your way. Why not talk to our Tewkesbury Branch Manager, Jonathan, and his team, or drop by our office for expert advice on buying or selling a home today; we'd be delighted to help. In March 2020, Peter Ball & Co partnered with independent estate agents Alexander & Co, based in the south-east. The partnership sees the two companies working collaboratively across sales, lettings, property management and marketing, and has already proven a large success.