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Chilkwell Street, Glastonbury, Somerset 10 bed block of apartments for sale
Chilkwell Street, Glastonbury, Somerset
£1,090,000
Chilkwell Street, Glastonbury, Somerset
£1,090,000
Our Summary
- With potential for modernisation, reconfiguration, or uplift in rental values over time, this investment holds both immediate appeal and long-term scope
- These provide further monthly revenue, with potential for rent reviews or reallocation to tenants for added appeal
- A healthy return in a consistently strong local market, with scope to enhance returns through modest upgrading
- Rare investment opportunity in central Glastonbury
Description
Richmond Villas is a unique portfolio of eight one- and two-bedroom flats, located in the heart of Glastonbury, Somerset. The property is arranged across three adjoining period buildings on Chilkwell Street, within walking distance of the High Street and local landmarks such as Glastonbury Tor and Chalice Hill. The portfolio includes five garages, let independently, providing additional income. The flats are currently tenanted on Assured Shorthold Tenancies, with a combined rental income of £61,020 per annum, delivering a yield of approximately 5.5%. The property retains many period features and offers potential for modernisation, reconfiguration, or uplift in rental values over time. With its prime location, rich cultural heritage, and easy access to surrounding towns and cities, Richmond Villas presents a rare opportunity for buy-to-let investors seeking a well-established income stream.