MONTPELLIER VILLAS CHELTENHAM GL50 2XQ
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MONTPELLIER VILLAS CHELTENHAM GL50 2XQ

By CGT Sales Ltd

£ 825,000

Reviews

2 out of 5 stars

CGT Sales Ltd says ..

Nestled in the picturesque Montpellier area, this charming Grade II listed building has been expertly converted into six self-contained apartments. With no onward chain, this property is an ideal buy-to-let investment, currently generating an income of £3,506 per month.

Property Oracle says ..

This property is a Grade II listed building in Cheltenham’s prestigious Montpellier Villas, converted into six self-contained apartments. The location is a major selling point, offering proximity to excellent schools, amenities, and Cheltenham Spa railway station. Montpellier is a sought-after area known for its Regency architecture and upscale atmosphere.

However, the internal photographs reveal that the apartments are currently in need of some updating and modernisation. The images show varying levels of cleanliness and presentation across the different units. The need for refurbishment should be factored into any potential purchase price. The lack of a private garden or significant external space is also a factor to consider, though typical of this type of property in this area.

The property is presented as a buy-to-let investment, currently generating a substantial monthly income. This income stream significantly impacts the overall value proposition, making it appealing to investors. Potential buyers should conduct their own due diligence to verify the ongoing rental income and the profitability of the investment before committing to a purchase. The condition of the interior apartments, along with the likely cost of modernisation, will be central to a buyer’s decision-making process.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
4
Location
9
Land
2
Bedrooms
6
Bathrooms
6
Sqft (est)
748.95

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
366,367.00 £
Decreased by 13.34 %
from 422,745.00 £
Est sale value
256,889.85 £
Increased by 0.29 %
from 256,140.90 £
Average area rental value
1,298.00 £/mo
Increased by 6.13 %
from 1,223.00 £/mo
Est letting value
748.95 £/mo
from 0.00 £/mo
Est rental Yield
4.25 %
Increased by 22.48 %
from 3.47 %
Crime Rate
4.00 %
Unchanged by 0.00 %
from 4.00 %

Agent Activity

  • CGT Sales Ltd marked this listing as sold.

  • CGT Sales Ltd created the listing.

Nearby Schools

NameTypeOfstedDistance
Cheltenham CollegeOther Independent School0.36 KM
Cheltenham Ladies' CollegeOther Independent School0.55 KM
Gloucestershire Hospital Education ServicePupil Referral UnitOutstanding0.86 KM
Naunton Park Primary SchoolCommunity SchoolOutstanding1.04 KM
The Catholic School Of Saint Gregory The GreatVoluntary Aided SchoolOutstanding1.13 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Daffodil Street £ 000.00 KM
Suffolk Parade £ 000.00 KM
Montpellier Retreat £ 000.00 KM
Suffolk Parade £ 000.00 KM
Back Montpellier Terrace £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Cheltenham Spa4731CNM2.32 KM

Nearby Listings

AddressPriceTypeScoreDistance
Montpellier Villas, Cheltenham £ 230,000BUYUnknown0.04 KM
Montpellier Villas, Cheltenham £ 450,000BUY6 / 100.04 KM
Montpellier Villas, Cheltenham £ 230,000BUY6 / 100.04 KM
13 Montpellier Villas, Cheltenham, GL50 £ 225,000BUY5 / 100.04 KM
Montpellier Villas, Montpellier, Cheltenham, GL50 £ 240,000BUYUnknown0.04 KM

Nearby Properties

AddressPriceDistance
43 Montpellier Villas £ 450,0000.02 KM
39 Montpellier Villas £ 430,0000.02 KM
41 Montpellier Villas £ 321,0000.02 KM
40 Montpellier Villas £ 351,2500.02 KM
37 Montpellier Villas £ 775,0000.02 KM