7 Bed HMO, Cheltenham, GL52 2HS, £450,000

• 11.5% potential yield +
• 7 beds +
• 3 shower rooms +
• Open plan kitchen/dining +
• Garden +
• Central Cheltenham location +
• No chain +
• Potential for family home converstion +

47 Portland Square has been in the same family ownership & continuously let since 2000. The property holds a HMO licence with Cheltenham Borough Council and has been improved and well-maintained.  It's a highly desirable location for renters as it’s ideal for young professional sharers and for students. The University of Gloucestershire’s FCH campus is a 10 minute walk and Cheltenham is a mecca for young professionals with large local recruiters including GCHQ and GE Aviation.  The Prestbury Road area has some of Cheltenham’s coolest and calmest places to eat, drink and meet. Havana’s Hemingway-themed café has been complimented by the arrival of Dodo Pubs’ “Airs and Graces” pub and the 33 The Rum Bar.  Turn left out of the door for Pittville Park (2 minutes’ walk) or turn right for John Lewis & the High Street (5 minutes’ walk).  Alternatively, 47 Portland Square would work well as a family home... Or it could be a lucky start for a first time buyer seeking a period property in a great area... The property itself is end of terrace and neatly arranged over 3 floors with bathrooms on each floor.  On the ground floor the original front door opens into the entrance hall which leads to 2 double bedrooms on the left; (if the property were purchased by an owner occupier these could be turned into receptions/dining/study spaces).  Downstairs to the basement are 2 bright bedrooms with good head height and then a shower room and compact utility area.  Upstairs to the first floor are 3 double bedrooms plus a shower & toilet.  The entrance hall leads on to the open-plan kitchen lounge-diner with double doors opening onto the a south-facing walled garden  Development potential: later on there may be scope to turn the basement into a self-contained flat. (subject to relevant permissions)