Buy-To-Let Investment

Buy-to-let, about the Cheltenham rent scene..

Thinking of buy to let in Cheltenham?

The Cheltenham rent scene is very healthy with demand for rental properties consistent and strong. Rental investors have been very active in Cheltenham, which has been a property 'hotspot' for several years following positive press coverage. There is no doubt that Cheltenham is a superb place to live and work and large numbers of new apartment schemes have been built in recent years. Most of these schemes have attracted significant investor interest leading to those looking to rent apartments in Cheltenham having a good supply of properties to choose from.

For families moving to Cheltenham rent options can be more limited. There are not as many houses to rent as there are flats. This is because the returns on larger houses to rent in Cheltenham are not as healthy as with smaller units. However demand for large houses to rent is very strong and these properties attract premium corporate lets, often for 2-4 years, with no gaps in rental income.

The impact of ‘buy to let’ on Cheltenham rent levels has been interesting, as rents have been quite stable over the last few years. This is because the increased supply of rented property has kept pace with demand. The average Cheltenham rent moves around a little in line with the prevailing levels of supply and demand. Contact us to discuss the state of the market.

Thinking of investing in property for rent in Cheltenham?

Isherwoods provides advice to prospective landlords looking to purchase for rent in Cheltenham. We can provide desktop rental valuations from estate agents’ details. We will visit properties to advise on refurbishments required to make the property perform as a rental investment. We are experts in the nuances of where prospective tenants want to rent in Cheltenham. If you are thinking of buy to let in Cheltenham, we strongly advise that you contact us.

Overall Cheltenham’s architectural delights and proximity to rolling Cotswold countryside will ensure that for those looking to live in the Cotswolds and rent Cheltenham is a great option.

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.