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 %
- Est sale value
- 256,889.85 £Increased by 0.29 %
- Average area rental value
- 1,298.00 £/moIncreased by 6.13 %
- Est letting value
- 748.95 £/mo
- Est rental Yield
- 4.25 %Increased by 22.48 %
- Crime Rate
- 4.00 %Unchanged by 0.00 %
Agent Activity
CGT Sales Ltd marked this listing as sold.
CGT Sales Ltd created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Cheltenham College | Other Independent School | 0.36 KM | |
| Cheltenham Ladies' College | Other Independent School | 0.55 KM | |
| Gloucestershire Hospital Education Service | Pupil Referral Unit | Outstanding | 0.86 KM |
| Naunton Park Primary School | Community School | Outstanding | 1.04 KM |
| The Catholic School Of Saint Gregory The Great | Voluntary Aided School | Outstanding | 1.13 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Daffodil Street | £ 0 | 0 | 0.00 KM |
| Suffolk Parade | £ 0 | 0 | 0.00 KM |
| Montpellier Retreat | £ 0 | 0 | 0.00 KM |
| Suffolk Parade | £ 0 | 0 | 0.00 KM |
| Back Montpellier Terrace | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Cheltenham Spa | 4731 | CNM | 2.32 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Montpellier Villas, Cheltenham | £ 230,000 | BUY | Unknown | 0.04 KM |
| Montpellier Villas, Cheltenham | £ 450,000 | BUY | 6 / 10 | 0.04 KM |
| Montpellier Villas, Cheltenham | £ 230,000 | BUY | 6 / 10 | 0.04 KM |
| 13 Montpellier Villas, Cheltenham, GL50 | £ 225,000 | BUY | 5 / 10 | 0.04 KM |
| Montpellier Villas, Montpellier, Cheltenham, GL50 | £ 240,000 | BUY | Unknown | 0.04 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 43 Montpellier Villas | £ 450,000 | 0.02 KM |
| 39 Montpellier Villas | £ 430,000 | 0.02 KM |
| 41 Montpellier Villas | £ 321,000 | 0.02 KM |
| 40 Montpellier Villas | £ 351,250 | 0.02 KM |
| 37 Montpellier Villas | £ 775,000 | 0.02 KM |