Offers over
£140,000
2 bed flat for sale50 Grosvenor Street, Cheltenham GL52
2 beds
1 bath
EPC Rating: D
Added on
About this property
Projected 8% net Rental Yield
Off-Street Parking
Close Proximity to Cheltenham Spa Train Station
Walking Distance to Cheltenham Town Centre
171 Year Lease
Annual Service Charge - £1,200
An excellent opportunity for investors to acquire this well-positioned two-bedroom flat in the popular GL52 area of Cheltenham, offering an attractive approximate 8% net rental yield.
The property provides practical, well-proportioned accommodation comprising a spacious living area, fitted kitchen, two bedrooms and bathroom. Its layout and location make it well suited to the rental market, with strong appeal to professionals, couples and sharers.
For buy-to-let investors looking for a property capable of generating a healthy return, the combination of two-bedroom accommodation, Cheltenham location and an estimated 8% net yield makes this a particularly compelling proposition.
The property is conveniently positioned for access to Cheltenham town centre and a range of local amenities, transport links and employment opportunities.
Please note that any systems, appliances, or services shown in the marketing photographs have not been tested by us and will be subject to the fixtures and fittings agreement with the seller.
Once your offer has been accepted, a £5,000 exclusivity deposit is required to secure the property. This deposit forms part of the final purchase price, it also forms as apart of the mortgage deposit if using a mortgage and is not an additional cost.
The reservation deposit ensures the property is immediately withdrawn from the market and reserved exclusively for you, helping to prevent gazumping, unnecessary delays and avoidable costs for both parties.
A non-refundable administration fee of £600 (including VAT) is also payable. This fee is separate from the purchase price and covers the administration required to prepare the legally binding agreement between the buyer and seller, granting you the exclusive right to purchase the property within the pre-agreed timeframe.
For cash buyers, searches and surveys must be indemnified in accordance with our Terms and Conditions.
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Tenure
Leasehold (171 years)
Service charge
Council tax band
Ground rent
Ground rent date of next review
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