2 Bed Flat, Single Let, Gloucester, GL4 6AD, £117,600

Penhill Road, Matson, Gloucester, GL4 6AD - a year ago

Sold STC
Leasehold
BTL
ROI: 12%
~62 m²
+5 photos

ValuationUndervalued

Sold Prices£62.5K - £232.5K
Sold Prices/m²£1K/m² - £16K/m²

 

 

Square Metres

~61.94 m²
Price/m²£1.9K/m²

Value Estimate

£139,098
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£29,400

Stamp Duty & Legal Fees

£4,728

Total Cash In

£34,128

 

 

Cash Out

 

Rent Range

£750 - £1,250

Rent Estimate

£900

Running Costs/mo

£568

Cashflow/mo

£333

Cashflow/yr

£3,990

ROI

12%

Gross Yield

9%

Local Sold Prices

50 sold prices from £62.5K to £232.5K, average is £140K. £1K/m² to £16K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£104K04/210.16 mi17, Langley Road, Matson, Gloucester, Gloucestershire GL4 6BA2
£135K03/210.16 mi287, Painswick Road, Matson, Gloucester, Gloucestershire GL4 4BT2
£112K12/200.5 mi11, Garnalls Road, Matson, Gloucester, Gloucestershire GL4 6NA2
£200K10/210.58 mi4, Darwin Road, Gloucester, Gloucestershire GL4 6TE2
£170K03/230.77 mi18, Huntley Close, Abbeymead, Gloucester, Gloucestershire GL4 4GU2
£159K06/210.8 miFlat 2, The Clock Tower, Huckley Field, Abbeymead, Gloucester, Gloucestershire GL4 5SX2
£151K01/210.8 miFlat 11, The Clock Tower, Huckley Field, Abbeymead, Gloucester, Gloucestershire GL4 5SX2
£200K03/230.8 miFlat 23, The Clock Tower, Huckley Field, Abbeymead, Gloucester, Gloucestershire GL4 5SX2
£180K09/220.81 miFlat 10, The Clock Tower, Huckley Field, Abbeymead, Gloucester, Gloucestershire GL4 5SX2
£62.5K01/210.83 mi14, Home Ground, Abbeymead, Gloucester, Gloucestershire GL4 5TH2
£180K10/210.85 mi19, Clevedon Road, Gloucester, Gloucestershire GL1 4RN2
£115K01/210.91 mi98, Melbourne Street East, Gloucester, Gloucestershire GL1 4NR2
£179.9K07/220.96 mi12, Birdwood Close, Abbeymead, Gloucester, Gloucestershire GL4 5UF2
£122K02/231.05 mi44, Bishops Castle Way, Gloucester, Gloucestershire GL1 4DP2
£156K06/211.35 mi48, Oakwood Drive, Hucclecote, Gloucester, Gloucestershire GL3 3JF2
£122K06/231.35 miFlat 1, Archway House, Farm Street, Gloucester, Gloucestershire GL1 5AD2
£125.5K11/201.36 mi16, Overbrook Close, Gloucester, Gloucestershire GL4 3BQ2
£145.5K01/231.36 mi23, Overbrook Close, Gloucester, Gloucestershire GL4 3BQ2
£148.7K12/221.37 mi12, Overbrook Close, Gloucester, Gloucestershire GL4 3BQ2
£165K09/211.54 mi3, Porchester Road, Hucclecote, Gloucester, Gloucestershire GL3 3EF2
£138K12/201.6 mi25, Sapphire Way, Brockworth, Gloucester, Gloucestershire GL3 4FB2
£180K02/211.6 mi29, Merlin Close, Brockworth, Gloucester, Gloucestershire GL3 4GA2
£132K06/211.62 mi38, The Crescent, Gloucester, Gloucestershire GL1 3LF2
£128K06/231.62 mi78, The Crescent, Gloucester, Gloucestershire GL1 3LF2
£106K12/201.62 mi31, The Crescent, Gloucester, Gloucestershire GL1 3LF2
£157K01/231.62 mi37, The Crescent, Gloucester, Gloucestershire GL1 3LF2
£164K03/211.62 mi7, Cannon Corner, Brockworth, Gloucester, Gloucestershire GL3 4FD2
£150K07/231.65 miAlexandra House, 90, Pillowell Drive, Gloucester, Gloucestershire GL1 3LZ2
£132.5K12/221.65 miFinsbury House, 32, Pillowell Drive, Gloucester, Gloucestershire GL1 3LZ2
£131K06/231.66 mi13, Pinemount Road, Hucclecote, Gloucester, Gloucestershire GL3 3EH2
£108K03/211.67 mi18, Crypt Court, Tuffley, Gloucester, Gloucestershire GL4 0QB2
£150K10/221.67 mi22, Crypt Court, Tuffley, Gloucester, Gloucestershire GL4 0QB2
£140K09/221.67 mi15, Crypt Court, Tuffley, Gloucester, Gloucestershire GL4 0QB2
£135K04/211.68 mi53e, Yew Tree Road, Brockworth, Gloucester, Gloucestershire GL3 4FP2
£140K07/211.7 mi7, Notley Place, Hucclecote, Gloucester, Gloucestershire GL3 3PJ2
£157.5K04/231.71 mi16c, Bowthorpe Drive, Brockworth, Gloucester, Gloucestershire GL3 4FS2
£140K08/211.75 mi4c, Laurel Drive, Brockworth, Gloucester, Gloucestershire GL3 4GF2
£115K10/211.75 miFlat 14, Lesanne Court, Parliament Street, Gloucester, Gloucestershire GL1 1YF2
£155K09/211.75 mi1d, Bowthorpe Drive, Brockworth, Gloucester, Gloucestershire GL3 4FS2
£180K12/221.77 mi4, Chillingworth Mews, Gloucester, Gloucestershire GL1 1HH2
£105K05/231.77 miFlat 4, Brunswest Court, Parliament Street, Gloucester, Gloucestershire GL1 1YG2
£80K09/221.78 mi53, Beamont Walk, Brockworth, Gloucester, Gloucestershire GL3 4BL2
£130K01/211.78 mi34, Beamont Walk, Brockworth, Gloucester, Gloucestershire GL3 4BL2
£85K01/231.78 mi52, Beamont Walk, Brockworth, Gloucester, Gloucestershire GL3 4BL2
£162.5K03/231.79 mi29, Beamont Walk, Brockworth, Gloucester, Gloucestershire GL3 4BL2
£116K03/231.79 miFlat 4, Arden House, Shakespeare Avenue, Gloucester, Gloucestershire GL2 5AH2
£140K02/211.85 miFlat 33, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE2
£125K09/211.85 miFlat 6, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE2
£128.5K06/231.85 miFlat 28, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE2
£232.5K05/211.86 mi10, Sandringham Avenue, Tuffley, Gloucester, Gloucestershire GL4 0QL2

Local Rents

34 rents from £750/mo to £1.3K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£90004/240.69 miBarnfields, Gloucester2
£91504/240.74 miHoneysuckle Drive, Abbeymead, Gloucester, GL42
£1,25004/240.77 miRose Workman Road Matson GL42
£1,10005/240.78 miWoodbine Close, Abbeymead, Gloucester2
£90004/240.8 miWoodbine Close, Gloucester2
£97504/240.8 miStaunton Close, Gloucester2
£95004/240.82 miEdgeworth Close, Gloucester2
£95004/240.87 miVerbena Close, Abbeymead. GL42
£95004/240.88 miBodenham Field, Abbeymead2
£1,10004/240.88 miBodenham Field, Gloucester GL4 5TS2
£99504/240.91 miAbbeymead GL4 4RN2
£80004/240.91 miSudgrove Park, Abbeymead2
£79505/240.92 miMaldon Gardens, Gloucester2
£1,15012/240.94 mi-2
£75004/250.96 mi-2
£97505/240.96 miWellesley Street, Tredworth, Gloucester, GL12
£97504/241.03 miDodington Close, Barnwood, Gloucester, GL42
£95005/241.03 miBishop Castle Way. GL12
£95004/241.04 miDodington Close, Barnwood2
£1,10004/241.04 miDodington Close, Gloucester GL4 3JG2
£1,20002/251.04 mi-2
£85003/251.08 mi-2
£1,00004/241.09 miCalton Road, Linden, Gloucester, GL12
£1,10004/241.09 miIndia Road, Gloucester2
£82504/241.09 miAlbany Street, Gloucester. GL1 2
£1,10004/241.09 miIndia Road, Gloucester, Gloucestershire, GL12
£75003/251.1 mi-2
£95004/241.1 miBarton/Tredworth, Gloucester2
£92504/241.13 miCarmarthen Street, Gloucester2
£97504/241.16 miClaudians Way, Abbeymead2
£95004/241.17 miCalderdale, Abbeymead, Gloucester, GL42
£95004/251.18 mi-2
£95004/251.18 mi-2
£1,00004/241.2 miSt. James Street, Gloucester2

Local Area Statistics

Population in GL4

47,341

Population in Gloucester

173,084

Town centre distance

1.06 miles away

Nearest school

0.10 miles away

Nearest train station

1.75 miles away

 

 

Rental demand

Balanced market

Sales demand

Seller's market

Capital growth (5yrs)

+32%

Property History

Price changed to £117,600

October 6, 2024

Listed for £120,000

June 1, 2024

Floor Plans

Description

  • TWO BEDROOM +
  • MAISONETTE +
  • RESIDENTIAL PARKING +
  • BALCONY +
  • LEASEHOLD +
  • IDEAL FOR FIRST TIME BUYERS +

The Property Centre are delighted to present to the market this spacious top floor two bedroom apartment in a popular Matson location. The property is ideally situated within a short walk of local schools, shops and transport links.

The downstairs accommodation comprises of entrance hall, kitchen, lounge diner and balcony overlooking green space to the front of the property.

Upstairs offers two bedrooms and family bathroom. The property also benefits from boarded loft and residential parking. The property has a loft area that is fully boarded and has double insulation. The property also has additional storage shed and storage area associated with this property.

Estimated rental value: £900pcm

This property is a Laing Easi-Form Construction house, most high street lenders will lend on the property but please feel free to contact the office for further information.

Agent Details

The Property Centre, Abbeymead

01452 227963

Next Steps?

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