34 Montpellier Villa
254.37 sq m(2,738 sq ft)
Excess of £650,000

Montpellier VillasMontpellier, Cheltenham, Gloucestershire, GL50 2XQ

  • Under offer

Key features

  • Rarely available investment opportunity
  • Grade II listed townhouse
  • Six apartments including five one bed and a studio
  • Popular location
  • Generating about £38,000 gross per annum
  • On street parking

Mature investment opportunity in prime location

About this property

  • 34 Montpellier Villas is arranged as six apartments comprising a studio and five one bedroom flats, all let on assured shorthold tenancies. A summary of the lets is found below.

    Flat 1 – one bed - £422 pcm
    Flat 2 – one bed - £533 pcm
    Flat 3 – one bed - £650 pcm
    Flat 4 – studio - £464 pcm
    Flat 5 – one bed - £582 pcm
    Flat 6 – one bed - £562 pcm
    Total - £3,213 pcm or £38,556 per annum

    Services: Mains water, electricity, gas and drainage. Gas fired central heating.

    Tenure: Freehold.

    Local Authority: Cheltenham Borough Council. Tel: 01242 262626.

    View payable Stamp Duty for this property

An excellent and rare opportunity to acquire an excellent investment property in the heart of Montpellier.

Chris JarrettProperty agent

Local information

  • Montpellier Villas is a quiet residential road located in the heart of sought after Montpellier, found to the south of the town centre.
  • Cheltenham is famed as one of the most complete Regency towns in England and historically the original and most fashionable spa.
  • Less than a hundred miles from London it nestles beautifully between the Cotswold Hills and the Wye Valley, and is home to numerous prestigious schools including Cheltenham College, Cheltenham Ladies College, Dean Close and Pates Grammar which recently topped the national GCSE schools league table.
  • Now a highly sought after place to live (voted the number 1 place in the United Kingdom to bring up a family by the Telegraph early in 2015), the town is well known for its grand houses set amongst formal avenues and beautiful garden squares.
  • For those with a taste for the finer things in life, there are Michelin starred restaurants, numerous bars, stylish shops and salons aplenty. For art and history lovers there is The Wilson, Cheltenham's newly refurbished museum and art gallery, whilst Cheltenham also has a thriving cultural scene that includes two concert halls and three theatres. There are the numerous festivals such as The Wychwood Festival, the festivals of literature, science, food and drink and, perhaps the pinnacle for some, the jazz festival, which has historically attracted such known performers as Van Morrison, Jamie Cullum and Jools Holland.
  • Undoubtedly for many more, the highlight of the year is the annual racing festival culminating with the Cheltenham Gold Cup, the blue riband event of the national hunt calendar, and an attraction that draws the public to the town year after year.

Additional information

  • EPC Exempt