2 Bed Flat, Single Let, Gloucester, GL1 1UY, £130,000

Spa Road, Gloucester, GL1 1UY - 2 views - 7 months ago

Sold STC

BTL

ROI: 8%

~53 m²

+2 photos

ValuationOvervalued

Sold Prices	£104K - £215K
Sold Prices/m²	£1.5K/m² - £4.2K/m²

Square Metres	~53.47 m²
Price/m²	£2.4K/m²
Value Estimate	£115,698£115,698

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£32,500£32,500
Stamp Duty & Legal Fees	£5,100£5,100
Total Cash In	£37,600£37,600

Cash Out
Rent Range	£850 - £2,595£850 - £2,595
Rent Estimate	£850
Running Costs/mo	£596£596
Cashflow/mo	£254£254
Cashflow/yr	£3,045£3,045
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

43 sold prices from £104K to £215K, average is £138K. £1.5K/m² to £4.2K/m², average is £2.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£180K	12/22	0.13 mi	4, Chillingworth Mews, Gloucester, Gloucestershire GL1 1HH	£2,647	68	2	Flat
£115K	10/21	0.16 mi	Flat 14, Lesanne Court, Parliament Street, Gloucester, Gloucestershire GL1 1YF	-	-	2	Flat
£105K	05/23	0.16 mi	Flat 4, Brunswest Court, Parliament Street, Gloucester, Gloucestershire GL1 1YG	£2,561	41	2	Flat
£122K	06/23	0.42 mi	Flat 1, Archway House, Farm Street, Gloucester, Gloucestershire GL1 5AD	-	-	2	Flat
£215K	05/23	0.58 mi	6, Atlas Court, Hempsted, Gloucester, Gloucestershire GL2 5FY	£3,209	67	2	Flat
£115K	01/21	0.87 mi	98, Melbourne Street East, Gloucester, Gloucestershire GL1 4NR	£1,709	67	2	Flat
£150K	07/23	0.94 mi	Alexandra House, 90, Pillowell Drive, Gloucester, Gloucestershire GL1 3LZ	£1,765	85	2	Flat
£132.5K	12/22	0.94 mi	Finsbury House, 32, Pillowell Drive, Gloucester, Gloucestershire GL1 3LZ	£1,489	89	2	Flat
£180K	10/21	0.94 mi	19, Clevedon Road, Gloucester, Gloucestershire GL1 4RN	£1,780	101	2	Flat
£132K	06/21	0.97 mi	38, The Crescent, Gloucester, Gloucestershire GL1 3LF	£1,791	74	2	Flat
£128K	06/23	0.97 mi	78, The Crescent, Gloucester, Gloucestershire GL1 3LF	£1,910	67	2	Flat
£106K	12/20	0.97 mi	31, The Crescent, Gloucester, Gloucestershire GL1 3LF	£1,472	72	2	Flat
£157K	01/23	0.97 mi	37, The Crescent, Gloucester, Gloucestershire GL1 3LF	£2,127	74	2	Flat
£156K	02/23	0.99 mi	6, Hillfield Court Road, Gloucester, Gloucestershire GL1 3QS	£2,690	58	2	Flat
£122K	02/23	1.01 mi	44, Bishops Castle Way, Gloucester, Gloucestershire GL1 4DP	-	-	2	Flat
£194K	05/23	1.02 mi	Upper Gatehouse, Bridle Court, Gloucester, Gloucestershire GL2 5LD	-	-	2	Flat
£154K	08/21	1.03 mi	Flat 6, The Willows, Lansdown Road, Gloucester, Gloucestershire GL1 3LA	-	-	2	Flat
£135K	12/21	1.05 mi	Flat 19, Bijou Court, Kingsholm Road, Gloucester, Gloucestershire GL1 3DJ	-	-	2	Flat
£150K	11/21	1.05 mi	Flat 18, Bijou Court, Kingsholm Road, Gloucester, Gloucestershire GL1 3DJ	-	-	2	Flat
£140K	02/21	1.05 mi	Flat 33, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE	-	-	2	Flat
£125K	09/21	1.05 mi	Flat 6, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE	-	-	2	Flat
£128.5K	06/23	1.05 mi	Flat 28, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE	-	-	2	Flat
£126K	04/21	1.09 mi	Flat 11, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP	-	-	2	Flat
£147K	06/23	1.09 mi	Flat 11, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP	-	-	2	Flat
£130K	07/21	1.1 mi	35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX	-	-	2	Flat
£130K	07/21	1.1 mi	35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX	-	-	2	Flat
£157K	03/23	1.1 mi	35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX	-	-	2	Flat
£150K	02/23	1.12 mi	Flat 6, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP	-	-	2	Flat
£179.9K	02/23	1.17 mi	Flat 3, Chesmann Court, Estcourt Road, Gloucester, Gloucestershire GL1 3LY	-	-	2	Flat
£200K	10/21	1.36 mi	4, Darwin Road, Gloucester, Gloucestershire GL4 6TE	£3,226	62	2	Flat
£125.5K	11/20	1.56 mi	16, Overbrook Close, Gloucester, Gloucestershire GL4 3BQ	£2,164	58	2	Flat
£145.5K	01/23	1.56 mi	23, Overbrook Close, Gloucester, Gloucestershire GL4 3BQ	£2,675	54	2	Flat
£148.7K	12/22	1.57 mi	12, Overbrook Close, Gloucester, Gloucestershire GL4 3BQ	£2,520	59	2	Flat
£116K	03/23	1.62 mi	Flat 4, Arden House, Shakespeare Avenue, Gloucester, Gloucestershire GL2 5AH	£2,000	58	2	Flat
£104K	04/21	1.65 mi	17, Langley Road, Matson, Gloucester, Gloucestershire GL4 6BA	£1,620	64	2	Flat
£108K	03/21	1.76 mi	18, Crypt Court, Tuffley, Gloucester, Gloucestershire GL4 0QB	£1,770	61	2	Flat
£150K	10/22	1.76 mi	22, Crypt Court, Tuffley, Gloucester, Gloucestershire GL4 0QB	£2,586	58	2	Flat
£140K	09/22	1.77 mi	15, Crypt Court, Tuffley, Gloucester, Gloucestershire GL4 0QB	£2,500	56	2	Flat
£138K	11/22	1.78 mi	22, Alders Green, Gloucester, Gloucestershire GL2 9HJ	£2,509	55	2	Flat
£135K	03/21	1.89 mi	287, Painswick Road, Matson, Gloucester, Gloucestershire GL4 4BT	£4,229	32	2	Flat
£162K	10/22	1.91 mi	Flat 7, Chesterton Court, Tewkesbury Road, Longford, Gloucester, Gloucestershire GL2 9BS	-	-	2	Flat
£150.1K	09/22	1.98 mi	36, Tolsey Gardens, Tuffley, Gloucester, Gloucestershire GL4 0DR	-	-	2	Flat
£133K	01/21	1.99 mi	5, Tolsey Gardens, Tuffley, Gloucester, Gloucestershire GL4 0DR	£2,046	65	2	Flat

Local Rents

50 rents from £850/mo to £2.6K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,595	04/25	0.02 mi	-	2	Flat
£1,200	01/24	0.08 mi	-	2	Flat
£1,250	03/25	0.08 mi	-	2	Flat
£925	04/24	0.08 mi	Brunswick Square, Gloucester	2	Flat
£1,245	12/24	0.09 mi	-	2	Flat
£1,250	05/24	0.14 mi	The Docks, Gloucester, GL1	2	Flat
£850	04/24	0.16 mi	Lesanne Court, Parliament Street, Gloucester	2	Flat
£1,000	04/24	0.17 mi	Southgate Street, Gloucester	2	Flat
£1,000	04/24	0.18 mi	Parliament Street, Gloucester	2	Terraced House
£1,100	04/24	0.18 mi	Double Reynolds, Gloucester Docks, Gloucester	2	Flat
£1,300	05/24	0.18 mi	Britannia Warehouse, Gloucester	2	Flat
£1,100	04/24	0.19 mi	Vinings Warehouse, The Docks, Gloucester	2	Flat
£1,200	04/24	0.19 mi	Friars Orchard, Gloucester, Gloucestershire, GL1	2	Terraced House
£995	04/24	0.2 mi	Merchants Quay, The Docks, Gloucester	2	Flat
£1,050	04/24	0.2 mi	Merchants Quay, The Docks, Gloucester	2	Flat
£950	04/24	0.2 mi	Merchants Quay, Gloucester Docks, Gloucester	2	Flat
£1,050	04/24	0.23 mi	-	2	Flat
£1,250	03/25	0.23 mi	-	2	Flat
£850	04/24	0.24 mi	St. Michaels Square, Gloucester, GL1	2	Flat
£1,200	04/24	0.25 mi	North Point, Gloucester Docks. GL1	2	Flat
£1,200	04/24	0.25 mi	Severn Road, Gloucester, GL1	2	Flat
£1,275	04/24	0.25 mi	South Point, Severn Road, Gloucester	2	Flat
£975	04/24	0.29 mi	Lock Warehouse, Severn Road, Gloucester	2	Flat
£900	04/24	0.3 mi	Kiln Close, Gloucester, GL1 1GH	2	Flat
£1,100	04/25	0.31 mi	-	2	Flat
£995	05/24	0.32 mi	New Street, Gloucester	2	Terraced House
£925	04/24	0.38 mi	Berkeley Street, Gloucester, Gloucester	2	Flat
£875	03/24	0.38 mi	-	2	Flat
£850	05/24	0.38 mi	-	2	Flat
£1,100	04/25	0.38 mi	-	2	Flat
£875	04/24	0.38 mi	Midland Road, Gloucester, GL1	2	Flat
£850	04/24	0.38 mi	Midland Road, Gloucester, GL1	2	Flat
£1,100	05/24	0.39 mi	-	2	Flat
£1,100	04/25	0.39 mi	-	2	Flat
£875	05/24	0.39 mi	Northgate Street, Gloucester, GL1	2	Flat
£1,200	11/24	0.4 mi	-	2	Flat
£1,200	12/24	0.4 mi	-	2	Flat
£1,200	04/24	0.4 mi	The Waterfront, Gloucester GL2 5SF	2	Flat
£1,300	12/24	0.4 mi	The Waterfront, Gloucester GL2 5SF	2	Flat
£850	04/24	0.4 mi	75-81 Eastgate Street, Gloucester	2	Flat
£1,000	05/24	0.4 mi	Eastgate Street, Gloucester	2	Flat
£1,325	04/24	0.4 mi	St. Johns Lane, Gloucester	2	Flat
£875	04/24	0.41 mi	Eastgate Street, Gloucester, GL1	2	Terraced House
£875	05/24	0.41 mi	-	2	Terraced House
£1,475	04/24	0.43 mi	St. Johns Lane, Gloucester	2	Flat
£925	04/24	0.44 mi	Westgate Street. GL1	2	Flat
£1,800	04/25	0.45 mi	-	2	Flat
£1,200	02/25	0.45 mi	-	2	Flat
£950	04/24	0.45 mi	Westgate Street, Gloucester	2	Flat
£950	05/24	0.46 mi	Westgate Street, Gloucester GL1 2PG	2	Flat

Local Area Statistics

Population in GL1	34,17234,172
Population in Gloucester	173,084173,084
Town centre distance	0.79 miles away0.79 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.55 miles away0.55 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 £130,000

September 23, 2024

Floor Plans

Description

Walking Distance of Gloucester Quays +
First Floor Apartment +
Two Bedrooms +
Lounge & Kitchen +
Family Bathroom +
Secondary Glazing +
Gas Radiator Central Heating +
Energy Rating C74 +

Michael Tuck Estate Agents are delighted to bring to the market a Two DOUBLE Bedroom First floor Apartment located within a short walking distance of Gloucester Quays and the Historic Dock.
Presented in good order throughout the property comprises of Entrance Hall, Lounge, Kitchen, Two Bedrooms and a Bathroom and benefits from Gas Radiator Central Heating

An Ideal First Time Buy or Investment Purchase

Property for sale through Michael Tuck Estate Agents. Approximate rental value of £850pcm, please contact Michael Tuck Lettings in Gloucester for more details

Call To View

Agent Details

Michael Tuck Estate & Letting Agents, Quedgeley

01452 227714

Next Steps?

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

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