6 Bed HMO, Gloucester, GL1 5AU £300,000

3 Weston Road, Gloucestershire, GL1 5AU - 43 views - 2 years ago
Sold STC
HMO
Outside Article 4
ROI: 15%
142 m²
Property image

ValuationUndervalued

Sold Prices£250K - £712K
Sold Prices/m²£1.1K/m² - £7K/m²

 

 

Square Metres

142 m²
Price/m²£2.1K/m²

Value Estimate

£362,245
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£87,700

 

 

Cash Out

 

Room Rate

£563

Gross Rent

£3,378

Running Costs/mo

£2,304

Cashflow/mo

£1,074

Cashflow/yr

£12,883

ROI

15%

Gross Yield

14%

Local Sold Prices

12 sold prices from £250K to £712K, average is £410K. £1.1K/m² to £7K/m², average is £2.9K/m².

Price
Date
Distance
Address
Beds
 
£280K12/220.37 mi18, King Edwards Avenue, Gloucester, Gloucestershire GL1 5DB6
£250K02/230.71 mi205, Linden Road, Gloucester, Gloucestershire GL1 5DU6
£440K06/210.72 mi82, Tuffley Avenue, Gloucester, Gloucestershire GL1 5LZ6
£495K01/230.83 mi21, The Gallops, Hempsted, Gloucester, Gloucestershire GL2 5GB6
£425K06/211.13 mi55, Denmark Road, Gloucester, Gloucestershire GL1 3JJ6
£425K09/211.14 mi104, London Road, Gloucester, Gloucestershire GL1 3PL6
£712K04/231.16 miDanebury, 13, Denmark Road, Gloucester, Gloucestershire GL1 3HZ6
£311K03/251.27 mi6, Malvern Road, Gloucester GL1 3JT6
£311K03/251.27 mi6, Malvern Road, Gloucester GL1 3JT6
£310K03/251.85 mi16, Grebe Close, Gloucester GL4 4XL6
£650K02/232.49 miOrchard Cottage, Church Lane, Whaddon, Gloucester, Gloucestershire GL4 0UE6
£395K08/252.55 mi1, Faldo Close, Gloucester GL4 5BN6

Local Area Statistics

Population in GL1

34,172

Population in Gloucester

173,084

Town centre distance

0.70 miles away

Nearest school

0.10 miles away

Nearest train station

0.67 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £300,000

December 26, 2023

Sold for £154,000

2007

Floor Plans

Property image

Description

A fantastic investment opportunity to acquire this fully licensed 6 bedroom HMO in the heart of Gloucester.

If you are an investor looking for an immediate return then this property will offer you exactly that. A modern HMO which has been well maintained by the current landlord throughout. Situated within walking distance to local shops, supermarkets and transport links the property makes an ideal student OR professional let.

This terraced property is arranged over three floors, accommodation comprises;

Ground floor: Entrance hall, bedroom one which is a double bedroom, modern kitchen/dining area, utility area.

First floor: Two double bedrooms, one single bedroom, bathrom.

Second Floor: 2 Double bedrooms, shower room.

CURRENT RENT PCM :
Room 1 - £525
Room 2 - £525
Room 3 - £450
Room 4 - £450
Room 5 - £450
Room 6 - £325

COUNCIL TAX : B

Agent Details

Taylors Estate Agents, Gloucester

01452 229523

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪