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welcome to isherwoods
cheltenham let
If you are thinking of investing in a Cheltenham
let isherwoods can provide sound advice as to the properties
to target and the pitfalls to avoid. The key to achieving a successful
rental investment property is to target the single person market.
Demographic trends point to more and more young people choosing
to live in single person households for longer than previous
generations.
The ideal Cheltenham let is either a one bedroom apartment
or a two bedroom apartment with two equal size double bedrooms
and ideally two bathrooms. The two bedroom apartment must be
suitable for two single sharers and therefore the bedroom space
must be large enough for a double bed, a wardrobe and ideally
a small table or desk and chair. Many of the new developments
in Cheltenham contain two bedroom apartments with an en suite
and additional bath or shower-room. Such an apartment makes an
ideal Cheltenham rental investment.
The other issue to consider when investing in a Cheltenham
let is location. Our experience is that the young people forming
the primary clientele for rented property prefer to live very
close to the centre of town. Some rental investors have made
serious errors in purchasing property which is just a little
too suburban. The most popular areas of Cheltenham for the young
singles market are Montpellier, Lansdown, Tivoli, The Park, and
some areas of Pittville including Clarence Square and Wellington
Square. It should be borne in mind that Isherwoods is operating
in the upper segment of the Cheltenham letting market.
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