Summary - MARCHMONT FLAT 4 PARABOLA ROAD CHELTENHAM GL50 3AF
2 bed 1 bath Flat
Tenanted investment near Montpellier with allocated parking and balcony.
Two double bedrooms with built-in storage
A well-presented two-bedroom apartment in an attractive period building on Parabola Road, positioned within easy walking distance of Montpellier and central Cheltenham. The flat is currently let and produces an estimated yield of circa 5%, making it a straightforward addition to an investment portfolio. The internal layout includes an open-plan living/dining/kitchen opening to a private balcony, two double bedrooms with built-in storage and a modern bathroom.
Practical ownership benefits include a long lease (987 years remaining, share of freehold), allocated off-street parking for one vehicle and relatively low running costs: service charge approximately £150 pcm and council tax band C. Constructed in the early 2000s style renovation of the original villa, the apartment has double glazing, gas central heating and good broadband and mobile signal.
Important points for buyers: the property is sold to investors only as it is tenanted until June 2026, so vacant possession is not immediate. The local crime score is notably high for the area and should be considered when assessing lettings and insurance. Overall, this is a low-management, well-located rental with long-lease security and potential capital appeal from its premium address near Cheltenham town centre.
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