6 bed town house for sale

Montpellier Villas, Montpellier, Cheltenham GL50

Nestled in the picturesque Montpellier area, this charming Grade II listed building offers a unique blend of historical elegance and modern convenience, having been expertly converted into six self-contained apartments. Boasting a prime location just a short walk from the vibrant heart of Montpellier, this property exudes character at every turn.

With no onward chain, this residence presents an exceptional buy-to-let investment opportunity, currently generating a substantial monthly income of £4,119. Each apartment varies in size and condition, appealing to a diverse range of tenants, and offering excellent potential for increased rental returns.

Flat 1: £625pcm, with potential for £800.
Flat 2: £617pcm, with potential for £850.
Flat 3: £752pcm, potential for £950.
Flat 4: £600pcm, with scope for £725 with minor upgrades.
Flat 5: £825pcm, with potential for £950.
Flat 6: £700pcm scope to £895 - needs updating

(All tenancies are "Periodic" except apartment 5 which is on a fixed term)

With an annual income of £49,428 - Yield 6.46% (Potential £62,040 - Yield 8.11%) this property not only promises an immediate revenue stream but also offers the opportunity for capital appreciation and enhanced returns.

These apartments must be viewed to be fully appreciated. For those considering transforming this beautiful building back into a single grand residence, the potential is abundant.

Enquire now to arrange a viewing or to receive more information. This freehold property invites you to embrace a lifestyle full of charm and financial promise.

Council Tax Bands: Please contact us for detailed information.