Two flats with annex potential on a decent plot — ideal for investors or developers..
- Freehold building arranged as two self-contained flats, sold as one unit
- Both flats compliant with current HMO safety and certification standards
- Pre-planning advice submitted for a self-contained annex; drawings available
- Separate meters and utility supplies for easy rental management
- Decent plot with private front and rear gardens and rear driveway parking
- Property is a small, post-war fixer-upper requiring refurbishment throughout
- Garage shows damp and is currently unkempt; maintenance needed
- Area classification: deprived; consider local demand and yield implications
A rare freehold investment in Cheltenham: this semi-detached building currently configured as two fully self-contained flats (each separately metered) sits on a decent plot with front and rear gardens and rear driveway. Both flats meet current HMO safety standards and benefit from valid EPCs, gas and electrical certificates, fire detection and separate utility supplies — useful for rental or multi-occupancy earning potential.
Pre-planning advice has been submitted to Cheltenham Borough Council for a self-contained annex on the adjoining land; the preliminary report is supportive and 2D/3D visuals plus architectural drawings are available. That ready-to-progress package could add an income-generating studio or a family annex (subject to formal planning) and materially increase value.
The property is practical but requires updating. Described as a post‑war fixer-upper, it shows signs of wear (garage damp and unkempt) and overall accommodation is compact (total about 500 sq ft across the building). Buyers should budget for refurbishment to modernise kitchens, bathrooms and general finishes to maximise returns.
Location is convenient for transport, town centre amenities and good local schools, with fast fibre broadband and excellent mobile signal. Note the area is classified as deprived with average crime and a hard-pressed, ethnically mixed wider neighbourhood — factors investors should weigh against rental demand and yield prospects.