3 bed terraced house for sale

Townsend Street, Cheltenham GL51

Two-Bedroom Investment Property With Tenants In Situ – 7.33% Gross Yield – No Onward Chain

Offered to the market and to be sold with tenants in situ, this well-presented three-bedroom terraced property represents an attractive opportunity for investors seeking an established rental property within easy walking distance of Cheltenham town centre. Currently generating £18,330 per annum, the property provides a gross rental yield of approximately 7.33% at the asking price, allowing a purchaser to acquire an investment with an existing income stream from completion.

The property occupies a convenient position close to the centre of Cheltenham, an area that continues to appeal to tenants due to its proximity to employment, shopping, leisure facilities and transport connections. With an established tenancy already in place, the property is particularly suited to landlords looking to expand their portfolio without the initial requirement to source new tenants.

Internally, the accommodation begins with an entrance hall leading into the front living room, currently used as bedroom three. This continues through to a separate living space, creating useful additional living accommodation and providing access down to the cellar.

The living room opens into the fitted kitchen, which offers a practical range of wall and base units together with worktop and appliance space. From here, a door provides direct access to the rear courtyard.

Also located on the ground floor is the family bathroom, fitted with a white suite comprising a bath with shower over, wash hand basin and WC.

Upstairs, the property provides two well-proportioned double bedrooms, creating an appealing and practical layout for the existing tenants and supporting the property's long-term rental potential.

A useful cellar provides additional storage space, while externally the property benefits from a private rear courtyard offering a manageable, low-maintenance outside area.

Further benefits include gas central heating and UPVC double glazing to the front of the property.

The location is a key factor from an investment perspective. Cheltenham town centre is just a short walk away, providing tenants with convenient access to an extensive selection of shops, restaurants, cafés, bars and leisure facilities. The Brewery Quarter and wider central amenities are also readily accessible, helping support the property's appeal within the local rental market.

With tenants already in situ, annual rental income of £18,330 and a gross yield of approximately 7.33% at the £250,000 asking price, this represents an excellent opportunity for investors looking for an established rental property in a convenient central Cheltenham location.

Please note that the property is being sold with tenants in situ and is therefore being marketed specifically as an investment opportunity.

EPC Rating: D