A 1 Bedroom Apartment in Princess Elizabeth Way, Cheltenham
- 6% rental yield
- One double bedroom
- Open plan kitchen / living room
- Bathroom with shower over the bath
- Purpose built
- Good access to Tewkesbury, the M5 Motorway and A40 to Gloucester.
- Superb amenities located within walking distance
6% Yield. An opportunity to purchase a purpose built one bedroom ground floor apartment, located in a convenient position off Princess Elizabeth Way, with good access to Tewkesbury, the M5 Motorway and A40 to Gloucester.
The apartment was constructed in 2006 and is situated within a development of 60 apartments set around a communal garden, facing inwards. The accommodation is spread over one floor and includes an entrance hallway, double bedroom with freestanding wardrobe, bathroom with a shower over the bath and an open plan kitchen / living room with patio doors to the outside.
Externally the property benefits from allocated off road parking for one car and a communal garden.
As a buy-to-let investment, these one bedroom apartments typically bring in ~£650 per calendar month, generating a yield of ~6%.
Services: Mains gas, electricity, water and drainage. Gas central heating.
Lease duration: 99 years from 1st January 2006 (82 years remaining)
Service charge: £80 per calendar month
Ground rent: N/A
Local authority: Cheltenham Borough Council. Tel. 01242 26 26 26
Council tax band: B