- Current rental income: c.£4,500 per month (c.£54,000 per annum) from five self-contained flats
- Scope to increase income through refurbishment and upgrading of flats
- Attractive gross yield c. 5.7% with immediate returns
- Flexible use: retain as investment or reinstate as a grand Regency family home (subject to planning and listed building consent).
36 London Road is an elegant Grade II* listed Regency townhouse, forming part of a distinguished early 19th-century terrace. Constructed around 1820–1830, the building epitomises Cheltenham’s Regency style with its ashlar stone façade, refined cornices, and graceful proportions. The frontage is enhanced by a striking two-storey porch with a verandah above, adorned with delicate scrolled iron motifs, providing a dramatic and characterful entrance. Further period detailing includes an intricate first-floor balcony with beautifully preserved wrought-ironwork and second-floor windows with rare original tent hoods. Internally, much of the historic character has been retained. Features include deep sash windows that flood the rooms with light, handsome marble fireplaces, high ceilings with elegant mouldings, and generously scaled reception rooms. To the rear lies a charming walled garden, offering privacy and seclusion - a rare and valuable feature in this central Cheltenham location. Currently arranged as five self-contained flats, the property provides both secure rental income and outstanding scope for enhancement. There is clear potential to increase rental income through sympathetic upgrades or refurbishment. Alternatively, subject to planning and listed building consent, the property could be reinstated as a grand Regency family home. Freehold Architectural Highlights: Elegant ashlar stone façade with refined cornices and proportions. Two-storey porch with veranda featuring delicate scrolled iron motifs. First-floor balcony with beautifully preserved wrought ironwork. Second-floor windows with original tent hoods. Deep sash windows and handsome marble fireplaces. High ceilings with ornate mouldings throughout principal rooms. Walled rear garden offering privacy and outdoor space. Stunning outlook over formal municipal gardens. Investment & Development Potential: Current rental income: c.£54,000 pa from five flats subject to AST’s Scope to increase income through upgrading and refurbishment. Opportunity to reinstate as a large Regency family home, subject to planning and listed building consent. Lined with fine Regency terraces, the property is ideally located for Cheltenham College and Cheltenham Ladies’ College (both within 1 mile). Montpellier & town centre, for shops, restaurants, and leisure. Cheltenham Spa railway station (approx. 1.7 miles), with direct services to London, Birmingham, and Bristol.
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