Studio for sale

Millbrook Street, Millbrook Court Millbrook Street GL50

An excellent investment opportunity – 10.38% gross rental yield – ideal for cash buyers – no onward chain – allocated parking

An excellent opportunity for buy-to-let investors, this well-presented top-floor studio apartment offers an attractive gross rental yield of 10.38% based on the current asking price. With its central location, allocated parking and no onward chain, the property presents an appealing opportunity for investors looking to expand their portfolio or enter the rental market.

The apartment has been thoughtfully designed to maximise the available space, offering a bright and practical open-plan living area incorporating a modern fitted kitchen with ample storage and worktop space. A separate bathroom features a contemporary suite, whilst double glazing and electric heating provide additional comfort and practicality.

From an investment perspective, the property's location is a key selling point. Situated within walking distance of Cheltenham town centre and the train station, it is well positioned to appeal to working professionals and commuters seeking convenient access to transport links and local amenities. A range of supermarkets, shops, cafés and leisure facilities are also within easy reach.

The property further benefits from allocated off-road parking, an attractive feature for prospective tenants, alongside secure entry to the building.

With a gross rental yield of 10.38% at the current asking price, the apartment offers investors an opportunity to acquire a centrally located property with attractive income potential. The exceptionally long remaining lease of approximately 967 years is another positive feature for prospective purchasers.

Whilst the property is particularly well suited to investors, it could also appeal to first-time buyers seeking an affordable and conveniently located home. However, due to the compact size of the apartment and potential mortgage lending restrictions, the property is expected to be most suitable for cash purchasers. Buyers requiring mortgage finance are advised to check lending criteria with their mortgage adviser before proceeding.

Offered to the market with no onward chain, this is an attractive opportunity for purchasers seeking a conveniently located studio apartment with strong investment potential.

Leasehold Information

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  Tenure: Leasehold
  
  
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  Remaining Lease: Approximately 967 years
  
  
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  Service Charge: £1,440 per annum
  
  
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  Ground Rent: £100 per annum
  
  

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  Council Tax Band: A