2 bed terraced house for sale

Peacock Close, Cheltenham GL51

Investment opportunity – tenants in situ – £14,400 annual rental income – 5.76% gross yield

Move are pleased to offer this well-presented two-bedroom house to the market as an investment opportunity, sold with tenants in situ and currently generating a rental income of £1,200 per calendar month / £14,400 per annum.

Offered at £250,000, the property provides investors with an immediate income from completion and a gross rental yield of approximately 5.76%, without the need to source a new tenant.

The accommodation itself is well presented throughout and benefits from a single garage, south-facing rear garden and gas central heating, while being situated within a quiet cul-de-sac location.

The ground floor comprises an entrance hallway with the kitchen positioned to the front of the property. To the rear is a spacious living/dining room with sliding doors opening directly onto the garden.

The south-facing rear garden is predominantly laid to lawn with a patio seating area and provides an attractive outside space for the current tenants.

Upstairs, there are two bedrooms alongside the family bathroom, which is fitted with a WC, wash hand basin, heated towel rail and bath with shower over. The principal bedroom overlooks the rear garden, while the second bedroom is positioned to the front.

With an established tenancy already in place, this represents an opportunity for a landlord to acquire a ready-made rental investment with income from the outset.

Asking Price: £250,000
Current Rent: £1,200 pcm
Annual Rental Income: £14,400
Gross Rental Yield: Approx. 5.76%
Tenure: Sold with tenants in situ
Council Tax Band: B

Please contact Move for further information regarding the tenancy or to arrange a viewing.

EPC Rating: C

Garden

To the rear of the property is the garden, which is mostly laid to lawn with a patio area. Being south-facing, it enjoys maximum sunlight throughout the day.

Parking - Garage

Parking - Driveway