5 bed property for sale

Ambrose Street, Cheltenham GL50

Five-Bedroom HMO Investment Opportunity – Tenants In Situ – 9.93% Gross Yield – No Onward Chain

Offered to the market with no onward chain, this excellent five-bedroom HMO investment opportunity provides an attractive chance to acquire an established rental property with tenants already in situ and currently paying £2,400 per calendar month (£28,800 per annum) Offered at a guide price of £290,000, the property delivers an impressive 9.93% gross yield, making it an appealing addition for investors seeking immediate rental income and strong long-term potential.

Situated in a highly desirable and well-connected area of Cheltenham, the property benefits from a strong rental location with consistent tenant demand from both professionals and students. Its proximity to Francis Close Hall campus, Cheltenham town centre and a wide range of local amenities makes it particularly attractive for occupiers seeking convenience and accessibility.

The accommodation is arranged over multiple floors and comprises five well-proportioned bedrooms, providing comfortable shared living accommodation with excellent rental appeal. Each room offers practical living space, making the property well suited to the established HMO market.

The property is supported by two shower rooms, providing essential facilities for multiple occupants, alongside a spacious communal lounge creating a comfortable area for tenants to relax and socialise.

The kitchen and dining space forms a practical hub of the property, offering a good range of storage, preparation space and appliances, providing everything required for modern shared accommodation.

Externally, the property benefits from a private courtyard garden, offering a useful outdoor space for tenants to enjoy and adding further appeal to the accommodation.

Cheltenham remains one of the South West’s strongest rental markets, supported by its thriving university campuses, major employers, excellent transport links and vibrant town centre. The property’s position provides easy access to shops, restaurants, cafés, leisure facilities, parks and the many attractions the town has to offer.

With existing tenants in situ, an annual rental income of £28,800 and a 9.93% gross yield at the asking price, this represents an excellent opportunity for investors seeking a ready-made income-producing HMO in a proven rental location.

Early viewing is highly recommended to appreciate the accommodation, location and investment potential on offer.

Parking - Permit