Potential 4-Bed HMO, Cheltenham, GL52 6SJ, £350,000

66 Rosehill Street, Cheltenham, Gloucestershire, GL52 6SJ - a year ago

Sold STC
HMO
ROI: 4%
88 m²
+8 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Total Cash In

£104,200

 

 

Cash Out

 

Room Rate

£625

Gross Rent

£2,500

Running Costs/mo

£2,113

Cashflow/mo

£387

Cashflow/yr

£4,643

ROI

4%

Gross Yield

9%













Property History

Listed for £350,000

March 4, 2024

Sold for £107,000

2000

Sold for £61,950

1996

Floor Plans

Description

  • Detached Home +

  • Three Bedrooms +

  • Three Reception Rooms +

  • Two Bathrooms +

  • Potential HMO Subject To Sign Off By Local Authorities +

  • Potential To Achieve £2500pcm as a HMO +

  • Possible 9% Yield as a HMO +

  • NO ONWARD CHAIN +

SUMMARY
Allen and Harris are delighted to offer to the market this deceptively spacious three bedroom detached home located in the heart of Cheltenham

DESCRIPTION
Allen and Harris are delighted to offer to the market this deceptively spacious three bedroom detached home located in the heart of Cheltenham. The current owner has had the property improved throughout making it and ideal first time buy and also ideal investment with its proximity to the city centre as well of the hospital. The property could be utilised as a HMO subject to acquiring sign off from local authorities and has the potential to achieve a rental of £2500pcm if it was set up this way and could net a yield of 9%. NO ONWARD CHAIN

The property boasts entrance hallway, two reception rooms, shower room and kitchen/breakfast room on the ground floor, there is a basement which has been tanked ready for use as a bedroom/reception room, whilst the first floor is home to three bedrooms and a family bathroom. Outside is enclosed rear garden.

Entrance Hall 
Front aspect door, rear aspect window, stairs to the first floor and doors leading to the lounge and dining rooms.

Lounge 12' 1" x 11' 5" ( 3.68m x 3.48m )
Front aspect window, radiator and fireplace with electric effect fire.

Dining Room 11' 6" x 11' 2" ( 3.51m x 3.40m )
Rear aspect window, radiator, fireplace with electric effect fire and doors leading to the basement and the rear lobby.

Basement Room 11' 2" x 10' ( 3.40m x 3.05m )
Front aspect window, radiator and fuse board.

Rear Lobby 
Side aspect door to the garden and doors leading to the kitchen and a shower room.

Shower Room 
Corner shower cubicle with shower, low level WC, hand wash basin, radiator and part tiled walls with extractor fan.

Kitchen/breakfast Room 11' 5" x 9' 4" ( 3.48m x 2.84m )
Fitted kitchen offering a range of eye and low level units, work surfaces, splash backs, fitted gas hob, electric oven and cooker hood, plumbing for a washing machine , one and half bowl sink and drainer, concealed wall mounted boiler, space for further appliance space and side aspect window.

First Floor Landing 
Doors to all rooms, side aspect windows and loft access.

Bedroom One 12' 1" x 11' 7" ( 3.68m x 3.53m )
Front aspect window and radiator.

Bedroom Two 11' 4" x 9' 5" ( 3.45m x 2.87m )
Rear and side aspect windows and radiator.

Bedroom Three 11' x 8' ( 3.35m x 2.44m )
Rear aspect window, radiator and storage cupboard.

Bathroom 
Fitted suite comprising or panel enclosed bath with shower over, low level WC, hand wash basin, part tiled walls, radiator, extractor fan and side aspect window.

Rear Garden  
Enclosed by close board fencing and brick walling, two patio areas, laid to lawn, shed and side access gate.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Allen & Harris, Highworth

01793 540387

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