2 Bed Flat, Single Let, Gloucester, GL2 2HF, £130,000

Snetterton Heath, Kingsway, Gloucester, GL2 2HF - 1 views - 7 months ago

Sold STC
Leasehold
BTL
ROI: 9%
~59 m²
+3 photos

ValuationUndervalued

Sold Prices£62.5K - £250K
Sold Prices/m²£869/m² - £3.4K/m²

 

 

Square Metres

~58.99 m²
Price/m²£2.2K/m²

Value Estimate

£136,959
BMV5%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,700

Total Cash In

£40,200

 

 

Cash Out

 

Rent Range

£750 - £2,000

Rent Estimate

£895

Running Costs/mo

£605

Cashflow/mo

£290

Cashflow/yr

£3,477

ROI

9%

Gross Yield

8%

Local Sold Prices

41 sold prices from £62.5K to £250K, average is £140K. £869/m² to £3.4K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£62.5K03/210.45 mi6, Boddington Drive Kingsway, Quedgeley, Gloucester, Gloucestershire GL2 2DT2
£115K07/210.71 mi9, Woodvale Kingsway, Quedgeley, Gloucester, Gloucestershire GL2 2AU2
£127K05/230.71 mi11, Woodvale Kingsway, Quedgeley, Gloucester, Gloucestershire GL2 2AU2
£140K01/230.71 mi23, Shawbury Avenue Kingsway, Quedgeley, Gloucester, Gloucestershire GL2 2BD2
£63K06/210.74 mi31, Halton Way Kingsway, Quedgeley, Gloucester, Gloucestershire GL2 2BB2
£126K06/210.88 mi10, Holbeach Drive Kingsway, Quedgeley, Gloucester, Gloucestershire GL2 2BF2
£135K09/230.88 mi20, Holbeach Drive Kingsway, Quedgeley, Gloucester, Gloucestershire GL2 2BF2
£115K11/200.88 mi22, Holbeach Drive Kingsway, Quedgeley, Gloucester, Gloucestershire GL2 2BF2
£139K09/230.88 mi16, Holbeach Drive Kingsway, Quedgeley, Gloucester, Gloucestershire GL2 2BF2
£160K11/220.89 mi22, Holbeach Drive Kingsway, Quedgeley, Gloucester, Gloucestershire GL2 2BF2
£220K06/210.94 mi37, Harewood Close, Tuffley, Gloucester, Gloucestershire GL4 0SR2
£232.5K05/211 mi10, Sandringham Avenue, Tuffley, Gloucester, Gloucestershire GL4 0QL2
£190K05/231.03 mi2, Cardinal Drive, Tuffley, Gloucester, Gloucestershire GL4 0TX2
£136K11/221.04 mi22, Cheviot Close, Quedgeley, Gloucester, Gloucestershire GL2 4TR2
£123.5K12/201.04 mi1, Cheviot Close, Quedgeley, Gloucester, Gloucestershire GL2 4TR2
£153K02/231.05 mi32, Watermint Drive, Tuffley, Gloucester, Gloucestershire GL4 0SY2
£138K02/211.05 mi128, Watermint Drive, Tuffley, Gloucester, Gloucestershire GL4 0SY2
£145K01/231.05 mi82, Watermint Drive, Tuffley, Gloucester, Gloucestershire GL4 0SY2
£250K03/211.08 mi68, Windsor Drive, Tuffley, Gloucester, Gloucestershire GL4 0QT2
£125K11/211.08 mi31, Watermint Drive, Tuffley, Gloucester, Gloucestershire GL4 0SZ2
£142K05/231.08 mi65, Watermint Drive, Tuffley, Gloucester, Gloucestershire GL4 0SZ2
£140K06/231.08 mi7, Watermint Drive, Tuffley, Gloucester, Gloucestershire GL4 0SZ2
£145K11/221.08 mi5, Watermint Drive, Tuffley, Gloucester, Gloucestershire GL4 0SZ2
£127K01/211.08 mi25, Watermint Drive, Tuffley, Gloucester, Gloucestershire GL4 0SZ2
£120K06/211.08 mi17, Watermint Drive, Tuffley, Gloucester, Gloucestershire GL4 0SZ2
£178.5K02/231.08 mi30, The Rushes, Tuffley, Gloucester, Gloucestershire GL4 0TZ2
£192.5K05/211.11 mi17, Queen Anne Court, Quedgeley, Gloucester, Gloucestershire GL2 4JY2
£179.8K01/211.11 mi18, Queen Anne Court, Quedgeley, Gloucester, Gloucestershire GL2 4JY2
£140K04/231.13 mi8, Pampas Court, Tuffley, Gloucester, Gloucestershire GL4 0TB2
£125K07/211.13 mi5, Pampas Court, Tuffley, Gloucester, Gloucestershire GL4 0TB2
£120K11/201.15 mi9, Mendip Close, Quedgeley, Gloucester, Gloucestershire GL2 4TW2
£148K01/231.24 mi11, Pampas Court, Tuffley, Gloucester, Gloucestershire GL4 0TB2
£135K01/211.29 mi7, Daniels Meadow, Tuffley, Gloucester, Gloucestershire GL4 0TU2
£156K11/221.35 mi26, Tolsey Gardens, Tuffley, Gloucester, Gloucestershire GL4 0DR2
£133K01/211.36 mi5, Tolsey Gardens, Tuffley, Gloucester, Gloucestershire GL4 0DR2
£150.1K09/221.37 mi36, Tolsey Gardens, Tuffley, Gloucester, Gloucestershire GL4 0DR2
£140K09/221.49 mi15, Crypt Court, Tuffley, Gloucester, Gloucestershire GL4 0QB2
£108K03/211.49 mi18, Crypt Court, Tuffley, Gloucester, Gloucestershire GL4 0QB2
£150K10/221.49 mi22, Crypt Court, Tuffley, Gloucester, Gloucestershire GL4 0QB2
£116K03/231.66 miFlat 4, Arden House, Shakespeare Avenue, Gloucester, Gloucestershire GL2 5AH2
£250K11/211.84 mi10, Haresfield Court, Haresfield, Stonehouse, Gloucestershire GL10 3DU2

Local Rents

29 rents from £750/mo to £2K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,15012/240.11 miAmpney Drive, Quedgeley2
£1,00004/240.46 miAcorn Way, Hardwicke. GL22
£1,10008/240.68 mi-2
£90004/240.69 miValley Gardens2
£2,00002/250.71 mi-2
£79504/240.72 miShawbury Avenue, Kingsway2
£1,00004/240.75 miHalton Way, Kingsway , Gloucester2
£95004/240.75 miLower Meadow, Quedgeley, Gloucester, GL22
£1,00004/240.77 miThoresby Avenue, Gloucester2
£1,19512/240.83 miElmgrove Road East, Hardwicke, Gloucester2
£1,00012/240.85 mi-2
£1,00001/250.89 mi-2
£75003/250.89 mi-2
£89504/240.9 miDenham Close, Tuffley2
£95012/240.94 miFieldcourt Gardens, Quedgeley, Gloucester, GL22
£92504/240.97 miHale Close, Tuffley2
£95004/240.98 miWatermint Drive, Tuffley, Gloucester, GL42
£1,00005/241.01 miPark Road, Gloucester2
£97504/241.02 miWatermint Drive, Tuffley,2
£99512/241.03 mi-2
£87504/241.07 mi-2
£1,00005/241.08 miWatermint Drive, Tuffley2
£1,00005/241.08 miWatermint Drive2
£92504/241.11 miWatermint Drive, Tuffley, Gloucester 2
£95004/241.12 miAlthorp Close, Tuffley, Gloucester2
£99504/241.12 miOverbrook Road, Hardwicke2
£92504/241.13 miPampas Court, Tuffley, Gloucester 2
£85004/241.15 miMendip Close, Quedgeley, Gloucester, GL22
£1,00012/241.21 miThe Willows, Gloucester2

Local Area Statistics

Population in GL2

52,117

Population in Gloucester

173,084

Town centre distance

3.17 miles away

Nearest school

0.20 miles away

Nearest train station

3.67 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £130,000

October 7, 2024

Floor Plans

Description

  • Gas Central Heating +
  • Two Double Bedrooms +
  • Upvc Double Glazing +
  • Ground Floor +
  • One Allocated Parking Space +
  • Living/Dining Room +
  • No Onward Chain +
  • Energy Rating B +

Two Double Bedroom Ground Floor Apartment With One Allocated Off Road Parking Space Located In Snetterton Heath Kingsway With No Onward Chain!

The layout comprises of; Entrance hall, bathroom, two DOUBLE bedrooms, living/dining room & kitchen.
Further benefits include; Gas central heating, upvc double glazing & one allocated parking space!

Property for sale through Michael Tuck Estate Agents. Potential rental value of £895pcm, please contact Michael Tuck Lettings in Quedgeley for more details. 

This property would be well suited to a first time buyer or B-T-L investor.

Call us today to arrange your viewing on !

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 💪