Summary - 72 REDDINGS ROAD CHELTENHAM GL51 6UE
1 bed 1 bath Flat
Chain-free, long-lease investment with parking and strong rental yield.
- Chain free; ready to occupy or let
- Long lease remaining (956 years)
- Allocated off-road parking space
- Recently redecorated and new carpets Jan 2025
- Current advertised rental yield over 7%
- Electric room heaters; higher running costs likely
- EPC rating D (64)
- Small overall footprint; compact one-bedroom layout
This compact first-floor apartment in The Reddings offers straightforward, low-maintenance accommodation ideal for investors or first-time buyers. Recently redecorated with new carpets (Jan 2025), the property is offered chain free and is ready for immediate occupation or letting.
Practical benefits include an allocated off-road parking space, long lease (956 years), and modest running costs (Council Tax band A). The current advertised yield exceeds 7%, making it a clear buy-to-let opportunity in a location with good commuter links to the M5, Cheltenham station and nearby employers such as GCHQ.
The flat is small but efficiently laid out with a living room, separate kitchen, bedroom and bathroom. Note the property uses electric room heaters and has an EPC rating of D (64), which may affect energy costs compared with gas-heated homes. There is communal lawned space nearby but no private garden shown in the floorplan.
Service charges are approximately £225 per quarter (£900pa), and the property is part of a modern brick block constructed in the 1980s. Overall this is a practical, low-upkeep purchase with clear rental potential, though buyers should budget for higher heating costs and any future energy-efficiency improvements.
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