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£750,000
Old Bath Road, Cheltenham, Gloucestershire, GL53
- 6 beds
£750,000
- 6 beds
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Buy with a mortgage
Estimate monthly mortgage payment:
£3,424 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£37,500
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An exceptional investment opportunity awaits at 7 Old Bath Road, Cheltenham. This period building comprises six flats, offering a fantastic blend of one-bedroom properties and studios and a communal garden, ensuring a consistent rental income. Currently generating an impressive £40,560 annually, this property presents a lucrative opportunity for investors seeking a reliable return. The individual rental figures demonstrate the property's appeal: Flats 1, 4, and 5 command £665 per month, while Flats 2 and 3 attract £375. Flat 6, slightly larger than the studios, is rented for £635. The prime location in Cheltenham, coupled with the well-maintained building and desirable layout, guarantees strong tenant demand, ensuring a secure investment for years to come. With a rental yield of 5.38%, this property offers an attractive return on investment, making it an ideal addition to any investor's portfolio. The basement flat has a sitting tenant in place. Varying Council Tax Levels Throughout The Property. Freehold Sale
Your estimated purchase costs
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Stamp Duty tax
These figures are estimates and are provided for guidance only
Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£25,000
Mortgage and legal costs:
£999
HomeBuyer Service - Everything you need to purchase this property all in one place
- Mortgage advice and application
- Conveyancing fee
- Homebuyer protection insurance
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