Grade II-listed Cheltenham townhouse block marketed for £1.09 million

UK: A Grade II-listed townhouse block in central Cheltenham has been brought to market for £1.09 million, with the asset positioned as a short-let investment.

St James’ House, which forms part of the Regency-style development The Residence, is being marketed exclusively by property consultancy and developer LH1 Global. The Georgian property comprises four self-contained apartments, including three one-bedroom units and one two-bedroom unit, each with a dedicated parking space.

The asset is available either as a turnkey short-let investment or with vacant possession. LH1 Global said the apartments have been refurbished to combine original period features with modern upgrades.

Estimated annual rental income across the block is £109,000, with gross yields forecast at around 10%. The projections do not include income generated during Cheltenham Festival Race Week, which takes place annually in March.

Rayna Hunter, chief executive of LH1 Global, said the property offers strong rental performance potential in a location with year-round demand drivers. Average rental yields in the town typically range between 4% and 5%, according to LH1 Global.

St James’ House is located close to Cheltenham Town Hall and within walking distance of Regent Arcade and the Brewery Quarter.

Highlights:

A Grade II-listed townhouse block in Cheltenham is on the market for £1.09 million.

The asset comprises four self-contained apartments and dedicated parking.

The property is being marketed as a turnkey short-term rental investment.

Gross yields are forecast at around 10%, excluding race week income.