3 bed property for sale

Prestbury Road, Cheltenham GL52

An exceptional and versatile investment opportunity, set within a handsome period property on the ever-popular Prestbury Road in Cheltenham.

This substantial freehold building is currently arranged as three self-contained one-bedroom apartments, each offering a well-proportioned layout comprising a sitting room, kitchen, double bedroom and bathroom. The property has been maintained to provide a healthy rental income in its current configuration, making it an attractive prospect for investors seeking an immediate return.

Beyond its existing use, the property presents outstanding flexibility and could be reconfigured back into an impressive private residence. The rear of the plot is currently utilised as extensive off-road parking; however, this space could be transformed back into a substantial garden, creating a fantastic outdoor area rarely found in such a central location. Alternatively, the size of the plot continues to offer exciting potential for further development, subject to the necessary planning consents. Quite simply, there are so many possibilities to tailor the property to suit a variety of needs.

Rich in character, the building retains many period features and boasts an interesting local history, having previously been owned and occupied by a former Mayor of Cheltenham.

Ideally situated within easy reach of the town centre, the property benefits from Cheltenham’s renowned amenities, including a wide range of independent shops, restaurants and cafés, as well as the cultural attractions associated with the town’s famous festivals such as the Cheltenham Festival and Cheltenham Literature Festival.

This is a rare opportunity to acquire a prominent and adaptable property with strong investment credentials and exciting future potential in one of Cheltenham’s most sought-after locations.