This traditional three-bedroom period townhouse, complete with a self-contained one-bedroom lower ground floor apartment, presents a compelling investment opportunity in Cheltenham. Currently configured as a three-way rental unit generating an impressive annual income of £28,200, this property boasts the potential for increased returns with strategic renovations. The main house features a versatile layout with an entrance hall, a sitting room, a dining area (currently utilized as an additional bedroom), and a kitchen that opens onto a metal veranda leading to an enclosed courtyard garden. The upper floors include two spacious double bedrooms and a single bedroom, along with family bathroom facilities and the possibility of expansion into the attic space via the spiral staircase - this could be developed further pending planning permission. The lower ground apartment has its own access and includes essential living amenities plus direct access to its private outdoor space. With modern essentials like gas central heating and double glazing already in place, there is still ample room to enhance the interiors or reconfigure spaces for better functionality. Located just moments from major amenities such as Waitrose and the Promenade, this property not only benefits from local attractions but also offers excellent transport links to London via regular train services.