Investment Purchase Only — Currently generating a rental income of £1,000 per calendar month, offering an impressive 6.9% yield. Situated in the vibrant heart of Cheltenham’s town centre, this well-presented first-floor apartment presents an excellent opportunity for investors seeking a property with strong rental demand and revenue potential.The property features a welcoming entrance hall with a practical utility cupboard housing a washing machine and tumble dryer. The spacious open-plan living area flows seamlessly into a modern, fully equipped kitchen, featuring an oven, hob, fridge/freezer, and dishwasher — perfect for tenants’ convenience.The double bedroom benefits from built-in wardrobes, providing ample storage space, while the bathroom includes a shower over the bath for added comfort.Additional advantages include gas central heating and double glazing, ensuring efficient warmth and noise reduction.Key details:Leasehold with 115 years remaining Annual ground rent: £150 Service charge: £1,946 per year Council tax band: B This property offers a strong investment opportunity in a sought-after central location with consistent rental demand.
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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