2 Bed Flat, Single Let, Gloucester, GL1 4SZ, £107,500

High Street, Gloucester, GL1 4SZ - 6 months ago

Sold STC
Leasehold
BTL
ROI: 13%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£62.5K - £215K
Sold Prices/m²£1K/m² - £4.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£130,075
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£26,875

Stamp Duty & Legal Fees

£6,575

Total Cash In

£33,450

 

 

Cash Out

 

Rent Range

£750 - £1,800

Rent Estimate

£900

Running Costs/mo

£536

Cashflow/mo

£364

Cashflow/yr

£4,369

ROI

13%

Gross Yield

10%

Local Sold Prices

50 sold prices from £62.5K to £215K, average is £142.8K. £1K/m² to £4.2K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£115K01/210.16 mi98, Melbourne Street East, Gloucester, Gloucestershire GL1 4NR2
£180K10/210.3 mi19, Clevedon Road, Gloucester, Gloucestershire GL1 4RN2
£122K06/230.31 miFlat 1, Archway House, Farm Street, Gloucester, Gloucestershire GL1 5AD2
£122K02/230.49 mi44, Bishops Castle Way, Gloucester, Gloucestershire GL1 4DP2
£115K10/210.69 miFlat 14, Lesanne Court, Parliament Street, Gloucester, Gloucestershire GL1 1YF2
£180K12/220.71 mi4, Chillingworth Mews, Gloucester, Gloucestershire GL1 1HH2
£105K05/230.71 miFlat 4, Brunswest Court, Parliament Street, Gloucester, Gloucestershire GL1 1YG2
£200K10/210.73 mi4, Darwin Road, Gloucester, Gloucestershire GL4 6TE2
£132K06/210.87 mi38, The Crescent, Gloucester, Gloucestershire GL1 3LF2
£128K06/230.87 mi78, The Crescent, Gloucester, Gloucestershire GL1 3LF2
£106K12/200.87 mi31, The Crescent, Gloucester, Gloucestershire GL1 3LF2
£157K01/230.88 mi37, The Crescent, Gloucester, Gloucestershire GL1 3LF2
£150K07/230.88 miAlexandra House, 90, Pillowell Drive, Gloucester, Gloucestershire GL1 3LZ2
£132.5K12/220.88 miFinsbury House, 32, Pillowell Drive, Gloucester, Gloucestershire GL1 3LZ2
£104K04/210.95 mi17, Langley Road, Matson, Gloucester, Gloucestershire GL4 6BA2
£215K05/231.01 mi6, Atlas Court, Hempsted, Gloucester, Gloucestershire GL2 5FY2
£140K02/211.08 miFlat 33, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE2
£125K09/211.08 miFlat 6, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE2
£128.5K06/231.08 miFlat 28, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE2
£156K02/231.09 mi6, Hillfield Court Road, Gloucester, Gloucestershire GL1 3QS2
£125.5K11/201.15 mi16, Overbrook Close, Gloucester, Gloucestershire GL4 3BQ2
£145.5K01/231.15 mi23, Overbrook Close, Gloucester, Gloucestershire GL4 3BQ2
£148.7K12/221.16 mi12, Overbrook Close, Gloucester, Gloucestershire GL4 3BQ2
£150K02/231.16 miFlat 6, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP2
£135K03/211.18 mi287, Painswick Road, Matson, Gloucester, Gloucestershire GL4 4BT2
£126K04/211.18 miFlat 11, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP2
£147K06/231.18 miFlat 11, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP2
£130K07/211.22 mi35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX2
£130K07/211.22 mi35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX2
£157K03/231.22 mi35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX2
£194K05/231.33 miUpper Gatehouse, Bridle Court, Gloucester, Gloucestershire GL2 5LD2
£154K08/211.34 miFlat 6, The Willows, Lansdown Road, Gloucester, Gloucestershire GL1 3LA2
£159K06/211.39 miFlat 2, The Clock Tower, Huckley Field, Abbeymead, Gloucester, Gloucestershire GL4 5SX2
£151K01/211.39 miFlat 11, The Clock Tower, Huckley Field, Abbeymead, Gloucester, Gloucestershire GL4 5SX2
£200K03/231.39 miFlat 23, The Clock Tower, Huckley Field, Abbeymead, Gloucester, Gloucestershire GL4 5SX2
£180K09/221.42 miFlat 10, The Clock Tower, Huckley Field, Abbeymead, Gloucester, Gloucestershire GL4 5SX2
£135K12/211.44 miFlat 19, Bijou Court, Kingsholm Road, Gloucester, Gloucestershire GL1 3DJ2
£150K11/211.44 miFlat 18, Bijou Court, Kingsholm Road, Gloucester, Gloucestershire GL1 3DJ2
£116K03/231.51 miFlat 4, Arden House, Shakespeare Avenue, Gloucester, Gloucestershire GL2 5AH2
£179.9K02/231.53 miFlat 3, Chesmann Court, Estcourt Road, Gloucester, Gloucestershire GL1 3LY2
£62.5K01/211.53 mi14, Home Ground, Abbeymead, Gloucester, Gloucestershire GL4 5TH2
£108K03/211.55 mi18, Crypt Court, Tuffley, Gloucester, Gloucestershire GL4 0QB2
£150K10/221.55 mi22, Crypt Court, Tuffley, Gloucester, Gloucestershire GL4 0QB2
£140K09/221.55 mi15, Crypt Court, Tuffley, Gloucester, Gloucestershire GL4 0QB2
£112K12/201.56 mi11, Garnalls Road, Matson, Gloucester, Gloucestershire GL4 6NA2
£170K03/231.6 mi18, Huntley Close, Abbeymead, Gloucester, Gloucestershire GL4 4GU2
£150.1K09/221.9 mi36, Tolsey Gardens, Tuffley, Gloucester, Gloucestershire GL4 0DR2
£133K01/211.91 mi5, Tolsey Gardens, Tuffley, Gloucester, Gloucestershire GL4 0DR2
£179.9K07/221.92 mi12, Birdwood Close, Abbeymead, Gloucester, Gloucestershire GL4 5UF2
£156K11/221.92 mi26, Tolsey Gardens, Tuffley, Gloucester, Gloucestershire GL4 0DR2

Local Rents

29 rents from £750/mo to £1.8K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£92504/240.09 miCarmarthen Street, Gloucester2
£75003/250.14 mi-2
£79505/240.14 miMaldon Gardens, Gloucester2
£75004/250.17 mi-2
£97505/240.18 miWellesley Street, Tredworth, Gloucester, GL12
£82504/240.18 miAlbany Street, Gloucester. GL1 2
£85003/250.28 mi-2
£1,00004/240.3 miSt. James Street, Gloucester2
£1,80004/250.31 mi-2
£1,20002/250.34 mi-2
£1,00004/240.35 miCalton Road, Linden, Gloucester, GL12
£87504/240.36 miMidland Road, Gloucester, GL12
£85004/240.36 miMidland Road, Gloucester, GL12
£87503/240.36 mi-2
£85005/240.36 mi-2
£1,10004/250.36 mi-2
£1,10004/240.42 miIndia Road, Gloucester, Gloucestershire, GL12
£1,10004/240.42 miIndia Road, Gloucester2
£99505/240.44 miNew Street, Gloucester2
£95004/240.45 miBarton/Tredworth, Gloucester2
£92503/240.48 mi-2
£95005/240.5 miBishop Castle Way. GL12
£97503/240.54 mi-2
£95004/250.56 mi-2
£90004/240.57 miBarnfields, Gloucester2
£95004/250.57 mi-2
£1,10004/250.58 mi-2
£79504/240.58 miBloomfield Court, Linden2
£80005/240.6 miBloomfield Court, Linden2

Local Area Statistics

Population in GL1

34,172

Population in Gloucester

173,084

Town centre distance

0.21 miles away

Nearest school

0.10 miles away

Nearest train station

0.77 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+21%

Sales demand

Balanced market

Capital growth (5yrs)

+37%

Property History

Price changed to £107,500

January 27, 2025

Listed for £110,000

October 14, 2024

Floor Plans

Description

  • Two Bedroom Ground Floor Apartment +
  • No Onward Chain +
  • Fantastic Investment Opportunity +
  • Allocated Off Road Parking +
  • Central Location Situated Close To The Town Centre +
  • Open Plan Kitchen/ Living Area +
  • EPC Rating: C +

Two Bedroom Ground Floor Apartment with No Onward Chain

Murdock & Wasley Estate Agents are excited to present this two-bedroom ground floor apartment, now on the open market. Ideally located in a popular and central area, the property is just a short walk from local amenities and the city center.

This apartment is an excellent choice for first-time buyers or investors, with an estimated rental income of £900.00 per month.

Early viewing advised !

Communal Entrance Hall - Accessed via double glazed door, door entry system, stairs to first floor, post boxes landing. Door to:

Entrance Hall - Power points, radiator, door entry intercom system, vinyl flooring. Wooden door to airing cupboard housing the pressurised cylinder. Doors lead off:

Kitchen/ Living Area - 5.42m x 5.08m x 2.96m (17'9" x 16'7" x 9'8") - Range of base, wall and drawer mounted units, laminate worksurfaces, single bowl single drainer sink unit with a mixer tap over. Appliance points, power points, oven/ grill with four ring hob and extractor hood over. Space for washing machine, tumble drier and tall fridge/ freezer.

Tv point, telephone point, space for dining table, radiator, vinyl flooring and three front aspect upvc double glazed windows,

Bedroom One - 3.74m x 2.71m (12'3" x 8'10") - Power points, radiator, rear aspect upvc double glazed window.

Bedroom Two - 2.61m x 2.45m (8'6" x 8'0") - Power points, radiator, rear aspect upvc double glazed window.

Bathroom - Suite comprising panelled bath with shower off the mains over, low level wc, pedestal wash hand basin, vinyl flooring, radiator.

Tenure & Charges - Leasehold:
125 years from 1 January 2006

Charges:
Management via CMG: £836.84 per annum
Ground Rent: £200 per annum

Local Authority - Gloucester City Council
Council Tax Band: A

Services - Mains water, gas, electricity and drainage.

Awaiting Vendor Approval - Details are yet to be approved by the vendor and may be subject to change. Please contact the office for more information.

Agent Details

Murdock & Wasley Estate Agents, Gloucestershire

01452 227879

Next Steps?

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