Summary - 58 FAIRVIEW ROAD CHELTENHAM GL52 2EH
8 bed 3 bath Block of Apartments
Three-let freehold block with strong yield and allocated parking spaces.
Freehold block of three flats, entire freehold sold
A rare freehold opportunity in central Cheltenham, this three-flat block is arranged as two three-bed apartments and one two-bed, currently producing a gross rental yield of about 8.5%. Each flat has independent access, an open-plan living area and an allocated off-street parking space — a valuable asset in the town centre. The building sits in a mixed, cosmopolitan neighbourhood close to shops, transport and local amenities.
The flats are described as well maintained and let with tenants in situ, providing immediate income and no chain. The mid-terrace, Art Deco building retains character features such as glass-block windows and a flat roof. Council Tax Band A for each apartment keeps outgoing costs low for each unit.
Buyers should note a number of material considerations. The building dates from before 1900 and has solid brick walls (assumed no cavity insulation), so thermal upgrades may be advisable. The layout is described as awkward in places and total internal floor area is small (approx. 397 sq ft), which could limit rental reconfiguration or future resale value. Local crime levels are recorded as very high, which may affect tenant demand and insurance costs. EPC is reported as C; further improvement works may be required to raise efficiency and long-term appeal.
This lot suits investors seeking an income-producing, freehold block with immediate yield and parking in Cheltenham town centre, and who are prepared to manage tenant issues and consider targeted DIY or professional upgrades to improve fabric and layout efficiency.
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