£995,950
12 Bedroom House
Gloucester Place, Cheltenham, GL52
First listed on: 15th March 2024
Nearest stations:
- Cheltenham Spa (1.3 mi)
- Ashchurch for Tewkesbury (7 mi)
- Gloucester (7.6 mi)
Interested?
Call: See phone number 01242 528500
Property Description
The property currently returns approximately 25% yield at full occupancy at the most popular lower priced end of the market. There is plenty of opportunity to reconfigure the layout and upgrade the fixtures and aim for a higher-end market if desired.
The property is a traditional mid-townhouse with private walled rear garden. All the relevant health and safety measures are in place. The property currently operates a programable, secure magnetic card entry system which also regulates energy usage. There are 12 double rooms with 4 on each floor, ground floor, first and second floors. There are no subterranean rooms. Bathroom facilities are provided on each floor.
The current owner charges 'from' £45
ight on midweek nights to £80
ight at weekends with up to £315
ight during race week and other various special events throughout the year including jazz festival week, music festival week, literature festival week etc.
This property is currently a trading business therefore viewing will be on a 'subject to occupancy' basis.
SUMMARY: Whether you are an established Landlord looking to increase a portfolio or a new investor looking for a first property that is an almost failsafe secure investment, this property will fit the bill. The location is ideal for guests on a weekend break and perfectly priced to attract traveling workers during the week. We highly recommend this ready-to-go thriving turn-key investment.
Cheltenham is known as 'The Jewel in the Crown' of the Cotswolds. There is a 364 day per year tourist industry with various 'peaks' in the market as mentioned above. The short-term rental/holiday let market is a huge industry which shows no sign of diminishing.
All viewings are strictly by appointment only.
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Price History
Listed prices are those submitted to us and may not reflect the actual selling price of this property.
Date | History Details |
---|---|
17/03/2024 | Property listed at £995,950 |
16/03/2024 | Property listed at £950,000 |
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