Summary - 76 CHURCH STREET TEWKESBURY GL20 5RX
1 bed 1 bath House
Ready-made central investment with immediate income and short-term rental upside.
Freehold block: six one-bed flats plus ground-floor commercial unit
Sold with tenants in situ; no onward chain
Current gross income £64,500 pa; 8.06% yield at asking price
Upside to £65,880 pa if all flats let at £850 pcm (8.62% yield)
Rear off-street parking for tenants; limited external amenity
EPC around E (circa 50–68); older solid-brick walls assumed uninsulated
Some shopfront/joinery likely needs refurbishment to modern standards
Area records very high crime — factor for lettings and insurance
This freehold mixed‑use block on Church Street offers a ready-made investment in central Tewkesbury, with six one-bedroom flats above a ground-floor commercial unit. Converted in 2005 and sold with tenants in situ, the property produces a current gross income of £64,500 pa (8.06% yield at the asking price). Several flats are let below achievable market rents, giving modest upside to £65,880 pa if all units reach £850 pcm (8.62% yield).
The flats are simple one-bedroom layouts with open-plan kitchen/living areas, double bedrooms and bathrooms — designed for low-maintenance lettings. The shop has separate street access and useful rear storage, utility rooms and a cloakroom. Rear off-street parking is available for tenants, a strong advantage in a town-centre location where on-street options are limited.
Drawbacks and running considerations are straightforward: the building is an older mid-terrace with assumed uninsulated solid brick walls (typical of pre-1900 construction), the EPC sits around E, and some external joinery/shopfront may benefit from refurbishment to attract higher-quality tenants or retail operators. The area records very high crime levels, which could affect demand and management costs; prospective buyers should factor this into lettings strategy and insurance.
Overall this is a practical buy-to-let asset for an investor seeking immediate income with short-term rental uplift potential. It suits a portfolio buyer who can manage tenant turnover, minor refurbishment to the shopfront and communal areas, and who values central location, rear parking and low individual flat maintenance costs.
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