Summary - Bakehouse, 49 St. Georges Street GL50 4AF
1 bed 1 bath House
Large multi-property block with strong rental income potential near High Street.
Six substantial freehold units plus two rear annexes sold as one package
A rare, large-scale investment opportunity in walking distance of Cheltenham High Street. Four freehold buildings plus two rear annexes total approximately 9,514 sq ft, offering a mix of recently refurbished units and others requiring completion works. The vendor-estimated gross annual rental income is £222,800, giving a potential gross yield around 12% (subject to HMO licensing and approvals).
This block suits investors seeking value-add upside: some units are finished to a good standard while others present clear scope for renovation and rental growth. Properties are traditional Georgian mid-terrace stock with high ceilings and double glazing; walls are solid brick with assumed no insulation, so energy-improvement works could increase returns but will add upfront cost.
Important practical notes are set out plainly: the area records very high crime rates and is classified as deprived, the plot is small, and parts of the stock need refurbishment and regulatory sign-off for HMOs where relevant. These factors affect management, insurance and tenanting decisions.
For an investor able to manage refurbishment, compliance and active lettings, this central block offers substantial rental scale and upside from reconfiguration, efficiency upgrades and finishing works.
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