Summary - Top Flat, 36 London Road, CHELTENHAM GL52 6DX
7 bed 5 bath Town House
Grade II* Georgian townhouse with income, restoration potential, and garden.
Grade II* Regency townhouse built c.1820 with strong period features
Currently arranged as five flats producing c.£54,000 pa (c.£4,500 pcm)
Gross yield c.5.7% with scope to increase via refurbishment
Opportunity to reinstate as single family home (subject to consents)
Walled rear garden provides private outdoor space; plot is small
On‑street residents’ permit parking only; no private driveway
Listed status — alterations require listed building consent and may be costly
Local area records very high crime levels which may affect occupier choice
A striking Grade II* Regency townhouse arranged as five self-contained flats, currently producing c.£54,000 pa (c.£4,500 pcm). The building’s ashlar façade, two‑storey porch with verandah, wrought‑iron balcony and high‑ceilinged rooms deliver authentic period character and strong appeal for tenants or a family conversion.
For investors the property offers an attractive gross yield of c.5.7% with immediate rental income and clear scope to increase returns through sympathetic refurbishment and re-letting at higher rents. Flats are habitable but would benefit from upgrading to unlock greater rental value or to reposition as premium short‑term lets subject to planning.
For a private buyer the house also presents an exciting opportunity to reinstate a single grand Regency family home (subject to planning and listed building consent). Generous reception rooms, deep sash windows, marble fireplaces and a secluded walled garden provide the core fabric for a high‑impact restoration.
Important practical points: the building’s Grade II* listing means any changes will require listed building consent and may be protracted and costly. External space is modest and parking is on‑street with residents’ permits; the immediate area records very high crime levels which may affect lettings or family use. Overall, the property suits a buyer experienced with historic buildings or an investor comfortable managing a refurbishment programme.
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