Summary - FIRST FLOOR REAR, 14, CAMBRAY PLACE GL50 1JS
4 bed 4 bath House
Seven self-contained flats with garden and limited parking, ideal for experienced investors.
Grade II listed mid-terrace townhouse, freehold asset
A rare freehold investment in central Cheltenham: a Grade II listed mid-terrace townhouse arranged as seven self-contained units across four floors, totalling about 2,408 sq ft. The property currently offers two bedsits, four studios and one two-bedroom flat, providing immediate multi-let income and short-term letting flexibility in a high-demand town-centre location.
The accommodation is compact and vertically arranged, typical for period townhouses, with a small paved rear garden (approx. 22’ x 20’) and off-street parking allocated to Flats 1 and 2; additional permit parking is available nearby. Good digital connectivity (fast broadband, excellent mobile signal) supports modern lettings and management.
Material considerations are straightforward: the building is Grade II listed, so external and internal alterations will be constrained and require listed-building consent. Several flats show dated fittings and low EPC ratings (predominantly E/D), and the property will need refurbishment and modernisation to optimise yields. The surrounding area reports very high crime levels, which may affect tenant profiling and lettings strategy.
This lot suits investors or developers comfortable working with listed fabric and compact urban layouts. With planning and consent where needed, there is potential to reconfigure or upgrade the units to improve rental value, but buyers should factor in conservation restrictions, refurbishment costs and local market safety considerations when assessing returns.
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