2 Bed Flat, Single Let, Gloucester, GL1 3LF, £125,000

The Crescent, Gloucester, GL1 3LF - 2 views - 8 months ago

Sold STC

Leasehold

BTL

ROI: 10%

~62 m²

+4 photos

ValuationUndervalued

Sold Prices	£105K - £180K
Sold Prices/m²	£1.5K/m² - £2.7K/m²

Square Metres	~61.94 m²
Price/m²	£2K/m²
Value Estimate	£132,897£132,897
BMV	6%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£31,250£31,250
Stamp Duty & Legal Fees	£4,950£4,950
Total Cash In	£36,200£36,200

Cash Out
Rent Range	£850 - £2,200£850 - £2,200
Rent Estimate	£875
Running Costs/mo	£586£586
Cashflow/mo	£289£289
Cashflow/yr	£3,473£3,473
ROI	10%10%
Gross Yield	8%8%

Local Sold Prices

29 sold prices from £105K to £180K, average is £132.5K. £1.5K/m² to £2.7K/m², average is £2.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£157K	01/23	0.04 mi	37, The Crescent, Gloucester, Gloucestershire GL1 3LF	£2,127	74	2	Flat
£132K	06/21	0.04 mi	38, The Crescent, Gloucester, Gloucestershire GL1 3LF	£1,791	74	2	Flat
£128K	06/23	0.04 mi	78, The Crescent, Gloucester, Gloucestershire GL1 3LF	£1,910	67	2	Flat
£106K	12/20	0.04 mi	31, The Crescent, Gloucester, Gloucestershire GL1 3LF	£1,472	72	2	Flat
£150K	07/23	0.08 mi	Alexandra House, 90, Pillowell Drive, Gloucester, Gloucestershire GL1 3LZ	£1,765	85	2	Flat
£132.5K	12/22	0.08 mi	Finsbury House, 32, Pillowell Drive, Gloucester, Gloucestershire GL1 3LZ	£1,489	89	2	Flat
£140K	02/21	0.24 mi	Flat 33, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE	-	-	2	Flat
£125K	09/21	0.24 mi	Flat 6, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE	-	-	2	Flat
£128.5K	06/23	0.24 mi	Flat 28, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE	-	-	2	Flat
£150K	02/23	0.32 mi	Flat 6, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP	-	-	2	Flat
£156K	02/23	0.33 mi	6, Hillfield Court Road, Gloucester, Gloucestershire GL1 3QS	£2,690	58	2	Flat
£126K	04/21	0.37 mi	Flat 11, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP	-	-	2	Flat
£147K	06/23	0.37 mi	Flat 11, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP	-	-	2	Flat
£130K	07/21	0.42 mi	35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX	-	-	2	Flat
£130K	07/21	0.42 mi	35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX	-	-	2	Flat
£157K	03/23	0.42 mi	35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX	-	-	2	Flat
£122K	02/23	0.56 mi	44, Bishops Castle Way, Gloucester, Gloucestershire GL1 4DP	-	-	2	Flat
£125.5K	11/20	0.66 mi	16, Overbrook Close, Gloucester, Gloucestershire GL4 3BQ	£2,164	58	2	Flat
£145.5K	01/23	0.66 mi	23, Overbrook Close, Gloucester, Gloucestershire GL4 3BQ	£2,675	54	2	Flat
£148.7K	12/22	0.66 mi	12, Overbrook Close, Gloucester, Gloucestershire GL4 3BQ	£2,520	59	2	Flat
£154K	08/21	0.69 mi	Flat 6, The Willows, Lansdown Road, Gloucester, Gloucestershire GL1 3LA	-	-	2	Flat
£135K	12/21	0.85 mi	Flat 19, Bijou Court, Kingsholm Road, Gloucester, Gloucestershire GL1 3DJ	-	-	2	Flat
£150K	11/21	0.85 mi	Flat 18, Bijou Court, Kingsholm Road, Gloucester, Gloucestershire GL1 3DJ	-	-	2	Flat
£115K	10/21	0.85 mi	Flat 14, Lesanne Court, Parliament Street, Gloucester, Gloucestershire GL1 1YF	-	-	2	Flat
£105K	05/23	0.86 mi	Flat 4, Brunswest Court, Parliament Street, Gloucester, Gloucestershire GL1 1YG	£2,561	41	2	Flat
£179.9K	02/23	0.88 mi	Flat 3, Chesmann Court, Estcourt Road, Gloucester, Gloucestershire GL1 3LY	-	-	2	Flat
£180K	12/22	0.89 mi	4, Chillingworth Mews, Gloucester, Gloucestershire GL1 1HH	£2,647	68	2	Flat
£115K	01/21	0.9 mi	98, Melbourne Street East, Gloucester, Gloucestershire GL1 4NR	£1,709	67	2	Flat
£122K	06/23	0.94 mi	Flat 1, Archway House, Farm Street, Gloucester, Gloucestershire GL1 5AD	-	-	2	Flat

Local Rents

36 rents from £850/mo to £2.2K/mo, average is £963/mo.

Rent	Date	Distance	Address	Beds	Type
£850	05/24	0.04 mi	The Crescent, GL1	2	Flat
£945	04/24	0.06 mi	Victoria House, Mayhill Way	2	Flat
£1,200	04/24	0.08 mi	-	2	Flat
£1,150	04/24	0.08 mi	Kew House, Pillowell Drive, GRH (Gloucestershire Royal Hospital), Gloucester, GL1	2	Flat
£915	04/24	0.09 mi	Hamer Street, Gloucester, GL1	2	Flat
£915	05/24	0.33 mi	London Road , Kingsholm , Gloucester	2	Flat
£1,100	03/25	0.35 mi	-	2	Semi-Detached House
£975	03/24	0.36 mi	-	2	Terraced House
£925	03/24	0.43 mi	-	2	Terraced House
£925	04/24	0.44 mi	Denmark Road, GL1	2	Flat
£950	03/25	0.45 mi	-	2	Flat
£995	03/25	0.47 mi	-	2	Flat
£925	04/24	0.48 mi	Station Road, Gloucester, GL1	2	Flat
£925	04/24	0.48 mi	Station Road, Gloucester, GL1	2	Flat
£875	04/24	0.51 mi	London Road, Gloucester, GL1	2	Flat
£950	04/24	0.53 mi	Barton/Tredworth, Gloucester	2	Terraced House
£900	04/24	0.53 mi	-	2	Flat
£2,200	04/24	0.53 mi	Station Road, GLOUCESTER	2	House
£2,200	04/24	0.53 mi	Station Road, GLOUCESTER	2	House
£950	04/24	0.54 mi	The Courtyard, London Road	2	Flat
£1,100	04/24	0.55 mi	India Road, Gloucester, Gloucestershire, GL1	2	Terraced House
£1,100	04/24	0.55 mi	India Road, Gloucester	2	Terraced House
£1,000	04/25	0.56 mi	-	2	Flat
£900	02/24	0.56 mi	-	2	Flat
£950	05/24	0.58 mi	Bishop Castle Way. GL1	2	Flat
£1,050	04/24	0.58 mi	Eastern Avenue Gloucester GL4	2	Flat
£995	04/24	0.58 mi	The Posthouse	2	Flat
£1,000	04/24	0.58 mi	St. James Street, Gloucester	2	Flat
£1,250	04/24	0.59 mi	-	2	Flat
£2,000	04/24	0.59 mi	-	2	Flat
£1,750	03/25	0.59 mi	-	2	Flat
£1,300	02/25	0.59 mi	-	2	Flat
£875	05/24	0.6 mi	-	2	Terraced House
£875	04/24	0.6 mi	Eastgate Street, Gloucester, GL1	2	Terraced House
£945	01/25	0.6 mi	-	2	Flat
£1,250	04/24	0.6 mi	Market Parade, Gloucester	2	Flat

Local Area Statistics

Population in GL1	34,17234,172
Population in Gloucester	173,084173,084
Town centre distance	0.70 miles away0.70 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.50 miles away0.50 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+21%+21%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+37%+37%

Property History

Listed for £125,000

August 24, 2024

Floor Plans

Description

Chain Free +
Top Floor Flat +
Two Bedrooms +
Spacious Accommodation +
Allocated Parking +
Central Location Close to City and Hospital +
Open Plan Living +
Additional Visitor Parking +

Being offered for sale with NO ONWARD CHAIN this upper floor flat is located very close to the CITY CENTRE, TRAIN STATION and HOSPITAL and has allocated parking.

This uniquely identifiable development of apartments in this Grade II listed building is an ideal first time or investment purchase and provides a great position for those needing to commute or limit the use of their car. The apartment has a large open plan kitchen and living room with 2 bedrooms and a bathroom and has been competitively priced to reflect there is some updating required.

Lease Information
The lease commenced in 2002 for a period of 999 years and has 977 years remaining. The current ground rent is £160 per annum and the annual service charge is £2280 per annum.

Services
Electric Heating
Mains Electric
Mains Water (not metered)
Mains Drainage
Superfast Fibre Broadband Available

Agent Details

R B Walters Estate Agents, Gloucester

01452 689328

Next Steps?

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