ValuationUndervalued

Sold Prices	£280K - £757.5K
Sold Prices/m²	£1.5K/m² - £6.2K/m²

Square Metres	~146.20 m²
Price/m²	£1.9K/m²
Value Estimate	£353,400£353,400
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£71,250£71,250
Stamp Duty & Legal Fees	£19,700£19,700
Total Cash In	£90,950£90,950

Cash Out
Room Rate	£495£495
Gross Rent	£2,475
Running Costs/mo	£1,969£1,969
Cashflow/mo	£506£506
Cashflow/yr	£6,070£6,070
ROI	7%7%
Gross Yield	10%10%

Local Sold Prices

38 sold prices from £280K to £757.5K, average is £477.5K. £1.5K/m² to £6.2K/m², average is £2.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£300K	01/23	0.43 mi	12, Derby Road, Gloucester, Gloucestershire GL1 4AF	£1,863	161	5	Detached House
£285K	01/23	0.47 mi	12, Weston Road, Gloucester, Gloucestershire GL1 5AU	£2,192	130	5	Terraced House
£350K	01/23	0.58 mi	100, Stroud Road, Gloucester, Gloucestershire GL1 5JN	£1,535	228	5	Detached House
£540K	01/25	0.62 mi	28, Heathville Road, Gloucester, Gloucestershire GL1 3DS	£2,358	229	5	Semi-Detached House
£655K	03/24	0.88 mi	71, Lansdown Road, Gloucester GL1 3JD	£3,522	186	5	Detached House
£747.5K	03/25	0.92 mi	136, Estcourt Road, Gloucester GL1 3LJ	£4,019	186	5	Detached House
£747.5K	03/25	0.92 mi	136, Estcourt Road, Gloucester GL1 3LJ	-	-	5	Detached House
£348K	01/23	0.96 mi	33, Secunda Way, Hempsted, Gloucester, Gloucestershire GL2 5GA	-	-	5	Semi-Detached House
£427.5K	09/21	0.96 mi	163, Estcourt Road, Gloucester, Gloucestershire GL1 3LW	-	-	5	Detached House
£575.5K	05/23	0.96 mi	137, Estcourt Road, Gloucester, Gloucestershire GL1 3LW	-	-	5	Detached House
£350K	07/23	0.96 mi	31, Secunda Way, Hempsted, Gloucester, Gloucestershire GL2 5GA	-	-	5	Semi-Detached House
£450K	07/23	0.97 mi	29, Sandhurst Road, Gloucester, Gloucestershire GL2 9AA	£3,061	147	5	Detached House
£600K	09/22	0.98 mi	15, Estcourt Road, Gloucester, Gloucestershire GL1 3LU	£2,791	215	5	Detached House
£280K	08/21	1.13 mi	40, Tuffley Avenue, Gloucester, Gloucestershire GL1 5LX	£1,806	155	5	Terraced House
£757.5K	03/23	1.14 mi	277, Stroud Road, Gloucester, Gloucestershire GL1 5LB	£3,508	216	5	Detached House
£367K	05/21	1.14 mi	110, Tuffley Avenue, Gloucester, Gloucestershire GL1 5NS	£1,674	219	5	Semi-Detached House
£441K	06/21	1.22 mi	73, Elmbridge Road, Gloucester, Gloucestershire GL2 0NU	£2,864	154	5	Semi-Detached House
£535K	11/24	1.22 mi	110, Tuffley Avenue, Gloucester GL1 5NS	£2,454	218	5	Semi-Detached House
£465K	03/23	1.23 mi	42, Windfall Way, Gloucester, Gloucestershire GL2 0RP	-	-	5	Detached House
£510.5K	07/23	1.25 mi	20, Harness Close, Hempsted, Gloucester, Gloucestershire GL2 5GF	£4,122	124	5	Detached House
£470K	06/21	1.25 mi	16, Podsmead Road, Gloucester, Gloucestershire GL1 5PA	£2,061	228	5	Semi-Detached House
£475K	11/21	1.28 mi	14, The Gallops, Hempsted, Gloucester, Gloucestershire GL2 5GB	£2,950	161	5	Detached House
£575K	08/22	1.29 mi	3, Lime Tree Court, Gloucester, Gloucestershire GL1 5NX	-	-	5	Detached House
£530K	06/21	1.29 mi	4, Lime Tree Court, Gloucester, Gloucestershire GL1 5NX	-	-	5	Detached House
£480K	07/25	1.32 mi	The Orchards, Sandhurst Lane, Sandhurst, Gloucester GL2 9AQ	-	-	5	Detached House
£295K	09/21	1.32 mi	61a, Tewkesbury Road, Longford, Gloucester, Gloucestershire GL2 9BE	£1,879	157	5	Semi-Detached House
£515K	07/24	1.38 mi	5, Sunnycroft Mews, Gloucester GL1 5LP	£2,845	181	5	Detached House
£515K	07/24	1.38 mi	5, Sunnycroft Mews, Gloucester GL1 5LP	-	-	5	Detached House
£450K	12/24	1.49 mi	216, Stroud Road, Gloucester GL1 5LJ	£2,296	196	5	Detached House
£450K	12/24	1.49 mi	216, Stroud Road, Gloucester GL1 5LJ	-	-	5	Detached House
£610K	12/22	1.52 mi	53a, Church Road, Longlevens, Gloucester, Gloucestershire GL2 0AB	£6,224	98	5	Detached House
£645K	06/21	1.55 mi	3, Canal Way, Over, Gloucester, Gloucestershire GL2 8BY	-	-	5	Detached House
£740K	08/23	1.55 mi	2, Wood Mews, Over, Gloucester, Gloucestershire GL2 8BX	-	-	5	Detached House
£380K	02/23	1.65 mi	30, Blake Hill Way, Abbeymead, Gloucester, Gloucestershire GL4 4QR	£2,416	157	5	Detached House
£690K	01/23	1.65 mi	16, Grovelands, Gloucester, Gloucestershire GL4 3JF	£3,613	191	5	Detached House
£495K	07/23	1.83 mi	16, The Oaks, Abbeymead, Gloucester, Gloucestershire GL4 5WP	£2,866	173	5	Detached House
£425K	10/21	1.86 mi	17, The Hazels, Abbeymead, Gloucester, Gloucestershire GL4 5WN	£3,632	117	5	Detached House
£430K	01/25	1.9 mi	5, The Maples, Gloucester GL4 5WQ	£2,966	145	5	Detached House

Local Area Statistics

Population in GL1	34,17234,172
Population in Gloucester	173,084173,084
Town centre distance	0.59 miles away0.59 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.22 miles away0.22 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+28%+28%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+20%+20%

Property History

Listed for £285,000

November 25, 2021

Floor Plans

Description

Great Condition +
5 Double Rooms +
Furnished HMO +
Utility/WC & Outside WC +
Gas Central Heating +
Freehold +
C Tax - B +
Central Location +
Good Rental Potential +
2 Shower Rooms +

DESCRIPTION REAVAILABLE TO THE MARKET FOR 2024 - this quality student residence being sold with tenants in situ Co with HMO Licence for 5 bed student rooms situated in a most convenient location within the city centre. The property is in good condition throughout and a credit to these long term owners. Entrance hall, large communal sitting room, fully fitted kitchen with appliances, cloak room/WC, utility room. Stairs lead to the first floor landing and 2 double bedrooms, 2 shower rooms, further stairs lead to 2 further double bedrooms & further bedroom in the top floor. The property has gas central heating, double glazing and a useful rear courtyard garden with storage. The property is offered fully furnished, is hard wired + wireless broadband to all rooms, fire alarm system. *INVESTMENT - STUDENT PROPERTY WITH STUDENT FOR ACADEMIC YEAR 2025- £2475 pcm potential*