2 bedroom flat for sale
Key information
Property description & features
- Stunning Holiday Let Opportunity
- Are you looking to double your traditional rental income?
- Walking distance to Town
- High Yield Investment
- Average £150 per night booking rate
Welcome to St Margaret Terrace, nestled in a prime location in Cheltenham and a stone's throw away from Cheltenham Racecourse, this property offers a blend of modern luxury and classic Italian style, making it an ideal holiday let investment.
This beautiful holiday home currently runs at a 68% occupancy rate with a nightly average rate of £150 per night. This generates circa £37,000 a year in income.
However this could also be sold to a purchaser wishing to move in and embrace city life.
Step into a bright and airy living area, where high ceilings and tasteful décor create a welcoming atmosphere. The open-plan design seamlessly connects the living room to the kitchen, allowing for effortless entertaining and relaxation. Large windows flood the space with natural light, enhancing the serene ambiance, with a stunning feature fireplace.
Two double bedrooms are havens of tranquillity, each thoughtfully furnished with plush bedding and ample storage space. Tall ceilings add to the sense of spaciousness.
Indulge in the luxury of two beautifully appointed bathrooms. The family bathroom features an exquisite Italian-style bathtub, ideal for unwinding with a long soak. The ensuite shower room offers modern fixtures and a refreshing shower experience, catering to your every need.
The heart of the home, the modern black fully integrated kitchen, is a chef's dream. Equipped with top-of-the-line appliances and plenty of counter space, it's perfect for preparing delicious meals. Whether you're a culinary enthusiast or simply enjoy a good cup of coffee, this kitchen is sure to impress.
Occupancy Rate
68% Jan 24 June 24
Rental Income Annually
£15k plus since January 24
Yield
2023 9%
2024 7% to date (August 2024)
Places of interest
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Property reference S_10406326. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by CGT Lettings - Cheltenham.
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Broadband availability and predicted speed: obtained from Ofcom on December 20, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 4, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on September 19, 2022 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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