6 Bed HMO, Cheltenham, GL52 2JX, £500,000

Albert Place, Cheltenham, GL52 2JX - 2 views - a month ago

HMO
ROI: 4%
~186 m²
+1 photos

ValuationUndervalued

Sold Prices£435K - £3.1M
Sold Prices/m²£1.5K/m² - £6.7K/m²

 

 

Square Metres

~186 m²
Price/m²£2.7K/m²

Value Estimate

£615,000
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£38,700

Total Cash In

£163,700

 

 

Cash Out

 

Room Rate

£598

Gross Rent

£3,588

Running Costs/mo

£3,038

Cashflow/mo

£550

Cashflow/yr

£6,599

ROI

4%

Gross Yield

9%

Local Sold Prices

31 sold prices from £435K to £3.1M, average is £1.3M. £1.5K/m² to £6.7K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£560K04/210.07 mi29, Selkirk Street, Cheltenham, Gloucestershire GL52 2HJ6
£1.3M11/200.18 mi1, Albert Road, Cheltenham, Gloucestershire GL52 2QY6
£1.8M04/230.25 miWellington House, Wellington Square, Cheltenham, Gloucestershire GL50 4JZ6
£1.4M10/220.27 mi17, Wellington Square, Cheltenham, Gloucestershire GL50 4JS6
£1.0M09/230.28 mi102, Hewlett Road, Cheltenham, Gloucestershire GL52 6AR6
£1.2M07/210.3 mi26, Clarence Square, Cheltenham, Gloucestershire GL50 4JP6
£2.4M09/210.35 mi93, Pittville Lawn, Cheltenham, Gloucestershire GL52 2BP6
£780K04/210.6 mi18, College Road, Cheltenham, Gloucestershire GL53 7HX6
£1.0M03/210.6 mi1, Albemarle Gate, Cheltenham, Gloucestershire GL50 4NG6
£652K11/200.61 mi44, St Lukes Road, Cheltenham, Gloucestershire GL53 7JJ6
£1.4M04/230.67 mi59, St Georges Road, Cheltenham, Gloucestershire GL50 3DU6
£1.3M04/210.69 mi8, Montpellier Drive, Cheltenham, Gloucestershire GL50 1TX6
£1.2M03/210.7 mi118, Bath Road, Cheltenham, Gloucestershire GL53 7JX6
£435K04/210.72 mi4, Rosehill Street, Cheltenham, Gloucestershire GL52 6SJ6
£850K05/210.77 mi73, Market Street, Cheltenham, Gloucestershire GL50 3NJ6
£1.4M06/210.89 mi11, Suffolk Square, Cheltenham, Gloucestershire GL50 2DR6
£1.5M04/210.94 miMeadow View, Birchley Road, Battledown, Cheltenham, Gloucestershire GL52 6NY6
£1.2M06/211.05 mi4, Park Place, Cheltenham, Gloucestershire GL50 2QR6
£2.2M06/211.09 miSavoy House, Ashley Road, Charlton Kings, Cheltenham, Gloucestershire GL52 6NS6
£1.9M03/211.18 mi8, Cudnall Street, Charlton Kings, Cheltenham, Gloucestershire GL53 8HT6
£1.5M03/231.3 mi31, Brookway Road, Charlton Kings, Cheltenham, Gloucestershire GL53 8HF6
£1.3M12/201.33 mi75, Painswick Road, Cheltenham, Gloucestershire GL50 2EX6
£880K11/201.35 mi11, Moorend Glade, Charlton Kings, Cheltenham, Gloucestershire GL53 9AT6
£3.1M12/201.36 mi10, Charlton Park Gate, Cheltenham, Gloucestershire GL53 7DJ6
£1.9M09/231.36 mi14, Charlton Park Gate, Cheltenham, Gloucestershire GL53 7DJ6
£835K10/201.38 mi78, Queens Road, Cheltenham, Gloucestershire GL50 2NE6
£1.6M02/211.44 miThe Spinney, Mill Lane, Prestbury, Cheltenham, Gloucestershire GL52 3NE6
£550K10/231.56 miSouth Acres Lodge, The Park, Cheltenham, Gloucestershire GL50 2SD6
£1.1M11/231.56 mi81, Leckhampton Road, Cheltenham, Gloucestershire GL53 0BS6
£1.4M02/211.57 mi106, Charlton Lane, Cheltenham, Gloucestershire GL53 9EA6
£1.2M06/231.87 mi54, Sandy Lane, Charlton Kings, Cheltenham, Gloucestershire GL53 9DQ6

Local Area Statistics

Population in GL52

42,918

Population in Cheltenham

159,223

Town centre distance

1 miles away

Nearest school

0.10 miles away

Nearest train station

1.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+38%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £500,000

March 14, 2025

Floor Plans

Description

  • Regency town house +
  • Garden +
  • 6 bedrooms +
  • Central location +
  • Permit parking +
  • No chain +
  • Opportunity to improve +
  • Currently a HMO +

A well maintained, regency style town house located in a popular part of Cheltenham. The property holds a HMO licence with Cheltenham Borough Council and is currently used as a HMO. 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 right out of the door for Pittville Park (2 minutes’ walk) or turn left for John Lewis & the High Street (5 minutes’ walk).  Currently the property is being used as a six bedroom rental property and is available with no chain.  Internally there is a hall, a sitting room, a kitchen/diner, and two rooms that are currently being used as bedrooms. On the first floor there are three double bedrooms and a bathroom. A further bedroom, bathroom and separate WC can be found in the basement.  Outside there is a small garden area to the front. The rear garden is enclosed and designed with low maintenance in mind.

Agent Details

Luke Heyden Property, Powered by eXp UK, Charlton Kings, Cheltenham

01242 437107

Next Steps?

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