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Studio
Tom Price Close, Cheltenham GL52
£70,000
Tom Price Close, Cheltenham GL52
£70,000
Our Summary
- Are delighted to bring to market this fantastic investment opportunity offered chain free, available to cash buyers only
- The property could benefit from modernisation throughout but has potential to add value and a rental expectation of circa £725pcm
- L-shape room creates space for kitchen which requires updating
- Bathroom is currently set out as two separate rooms with a bathing room and dressing room with vanity sink but has potential to be a good size bathroom with windows to side aspect
- Cash buyers only
- Fantastic investment opportunity
- Potential to add value
Description
This fantastic investment opportunity is a chain-free studio apartment located in the desirable Fairview area of Cheltenham, within walking distance to the town centre and offering on-street permit parking. The property, available to cash buyers only, requires modernisation throughout but has potential to add value and achieve a rental income of circa £725 per month. The apartment features electric heating, double glazing, and communal grounds, with a lease of 76 years remaining and annual ground rent and service charge of £20 and £325 respectively. The property has a good-sized open-plan living/bedroom, a kitchen that requires updating, and a bathroom that has potential to be refurbished. With a D EPC rating, this property offers a great opportunity for a savvy investor to purchase a solid investment at a competitive price.