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

Heathville Road, Gloucester, Gloucestershire, GL1 3EW - 6 months ago

Leasehold
BTL
ROI: 10%
~55 m²
+3 photos

ValuationOvervalued

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

 

 

Square Metres

~55.30 m²
Price/m²£2.3K/m²

Value Estimate

£111,646

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£7,450

Total Cash In

£38,700

 

 

Cash Out

 

Rent Range

£850 - £2,200

Rent Estimate

£900

Running Costs/mo

£591

Cashflow/mo

£309

Cashflow/yr

£3,713

ROI

10%

Gross Yield

9%

Local Sold Prices

25 sold prices from £105K to £180K, average is £135K. £1.5K/m² to £2.7K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£156K02/230.1 mi6, Hillfield Court Road, Gloucester, Gloucestershire GL1 3QS2
£130K07/210.16 mi35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX2
£130K07/210.16 mi35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX2
£157K03/230.16 mi35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX2
£126K04/210.17 miFlat 11, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP2
£147K06/230.17 miFlat 11, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP2
£140K02/210.22 miFlat 33, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE2
£125K09/210.22 miFlat 6, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE2
£128.5K06/230.22 miFlat 28, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE2
£150K02/230.23 miFlat 6, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP2
£154K08/210.27 miFlat 6, The Willows, Lansdown Road, Gloucester, Gloucestershire GL1 3LA2
£150K07/230.35 miAlexandra House, 90, Pillowell Drive, Gloucester, Gloucestershire GL1 3LZ2
£132.5K12/220.35 miFinsbury House, 32, Pillowell Drive, Gloucester, Gloucestershire GL1 3LZ2
£157K01/230.39 mi37, The Crescent, Gloucester, Gloucestershire GL1 3LF2
£132K06/210.39 mi38, The Crescent, Gloucester, Gloucestershire GL1 3LF2
£128K06/230.39 mi78, The Crescent, Gloucester, Gloucestershire GL1 3LF2
£106K12/200.39 mi31, The Crescent, Gloucester, Gloucestershire GL1 3LF2
£135K12/210.43 miFlat 19, Bijou Court, Kingsholm Road, Gloucester, Gloucestershire GL1 3DJ2
£150K11/210.43 miFlat 18, Bijou Court, Kingsholm Road, Gloucester, Gloucestershire GL1 3DJ2
£179.9K02/230.47 miFlat 3, Chesmann Court, Estcourt Road, Gloucester, Gloucestershire GL1 3LY2
£105K05/230.78 miFlat 4, Brunswest Court, Parliament Street, Gloucester, Gloucestershire GL1 1YG2
£115K10/210.79 miFlat 14, Lesanne Court, Parliament Street, Gloucester, Gloucestershire GL1 1YF2
£180K12/220.81 mi4, Chillingworth Mews, Gloucester, Gloucestershire GL1 1HH2
£138K11/220.87 mi22, Alders Green, Gloucester, Gloucestershire GL2 9HJ2
£122K02/230.94 mi44, Bishops Castle Way, Gloucester, Gloucestershire GL1 4DP2

Local Rents

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

RentDateDistanceAddressBeds 
£1,10003/250.09 mi-2
£91505/240.09 miLondon Road , Kingsholm , Gloucester2
£92504/240.17 miDenmark Road, GL12
£95003/250.26 mi-2
£87504/240.27 miLondon Road, Gloucester, GL12
£1,05005/240.29 miSwan Road, Gloucester2
£1,05005/240.29 miSwan Road, Gloucester2
£95004/240.31 miThe Courtyard, London Road2
£95004/240.33 miSebert Street, Gloucester2
£87504/240.33 miWorcester Street, Gloucester, GL12
£1,20004/240.34 mi-2
£1,15004/240.35 miKew House, Pillowell Drive, GRH (Gloucestershire Royal Hospital), Gloucester, GL12
£94504/240.37 miVictoria House, Mayhill Way2
£85005/240.39 miThe Crescent, GL12
£1,00005/240.4 mi-2
£1,00004/240.41 miKingsholm Road, Gloucester, GL1 3AZ2
£1,25004/240.43 miMarket Parade, Gloucester2
£87504/240.43 miWorcester Street, Gloucester2
£1,00004/250.48 mi-2
£2,20012/240.48 mi-2
£90002/240.48 mi-2
£2,20004/240.48 miStation Road, GLOUCESTER2
£2,20004/240.48 miStation Road, GLOUCESTER2
£92504/240.49 miStation Road, Gloucester, GL12
£92504/240.49 miStation Road, Gloucester, GL12
£85004/240.49 miWorcester Street, Gloucester2
£1,15004/250.49 mi-2
£91504/240.51 miHamer Street, Gloucester, GL12
£90004/240.52 mi-2
£1,52504/240.53 miSt. Johns Lane, Gloucester2
£1,19501/250.54 mi-2
£85004/240.56 mi75-81 Eastgate Street, Gloucester2
£1,00005/240.56 miEastgate Street, Gloucester2
£1,10005/240.56 mi-2
£1,10004/250.56 mi-2
£1,47504/240.57 miSt. Johns Lane, Gloucester2
£87505/240.58 mi-2
£87504/240.58 miEastgate Street, Gloucester, GL12
£87505/240.58 miNorthgate Street, Gloucester, GL12
£97503/240.6 mi-2
£1,32504/240.6 miSt. Johns Lane, Gloucester2
£95004/240.62 miSuffolk Drive, Gloucester2

Local Area Statistics

Population in GL1

34,172

Population in Gloucester

173,084

Town centre distance

0.99 miles away

Nearest school

0.20 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+21%

Sales demand

Balanced market

Capital growth (5yrs)

+37%

Property History

Price changed to £125,000

January 27, 2025

Listed for £137,500

November 1, 2024

Floor Plans

Description

  • Ground floor apartment +
  • Leasehold +
  • 8% yield +
  • GARAGE +

Step into timeless charm and modern comfort in this captivating 1980s ground-floor apartment, perfectly situated in a serene and highly desirable neighbourhood with Garage..
**CGT Investors' Club: Property Sales for Landlords
** The CGT Investors' Club offers a unique and innovative approach to property sales across Gloucestershire and The Cotswolds, catering specifically to landlords. Specialising in landlord-to-landlord sales with tenants in situ, the club provides a seamless solution for property owners looking to sell their residential properties while retaining tenancy agreements.
**Key Benefits:
** Streamlined Transactions: selling a property with tenants already in place minimises disruptions for both landlords and tenants. It allows the buyer to inherit a property generating immediate rental income and minimising potential void periods. **Targeted Market: **CGT matches properties directly with landlords, ensuring that it is marketed to the correct target audience. This focused approach ensures a quick and easy transaction. **Tenant Security: **By maintaining existing tenancy agreements, CGT Investors' Club ensures stability for tenants, and removes the break in rental revenue. **Expertise in the Region: **With extensive knowledge of the Gloucestershire and Cotswolds property markets, CGT understands the unique opportunities and attraction of these sought-after areas. **Secured Sale™: **By using CGT's revolutionary Secured Sale ™ process, sales are completed quickly (40 days on average), giving security and peace of mind to both buyer and seller. **Why Choose CGT Investors' Club?
** Tailored Service: Whether you're selling a single property or an entire portfolio, CGT provides personalised support to maximise income and minimise the time to completion.
Compliance Focus: CGT ensures all tenancies meet the latest legal and regulatory requirements, protecting everyone. Time-Saving Solutions: Skip the hassle of tenant evictions or property preparation, simply sell as-is and enjoy a fast and reliable process. CGT Investors' Club is the perfect partner for any landlord looking to buy or sell residential properties, with tenants in situ. ** ** Property description A harmonious blend of classic style and functional design, this home is tailored for those who value both comfort and ease of living.
The apartment offers a spacious and inviting entrance hallway, setting the tone for the home's thoughtful layout. The kitchen, fully equipped and ready for your culinary adventures, is both practical and charming. Meanwhile, the open-plan living and dining area offers an effortlessly elegant space to relax, entertain or simply unwind.
The apartment gives two generously proportioned double bedrooms, each with ample storage. The fully fitted bathroom adds a touch of modern convenience to this timeless property.
Nestled amidst tranquil surroundings and offering generous proportions, this apartment presents an exceptional opportunity for those seeking a low-maintenance lifestyle without compromising on comfort or character. Whether you're a professional, simply seeking a peaceful retreat or an investor looking to boost a portfolio, this home invites you to come on in.
Your perfect balance of serenity and sophistication awaits, please call today to book your viewing.
Tenure: leasehold
Management Company: Cambray Property Management Ltd
Length of Lease: 998 year from 1974
Management Charge: £409.48 per quarter
EPC: C
Council Tax Band: B
Current Rent: £900 pcm Potential Net Yield: 8% Investment Purchase:  Tenants in Situ

Agent Details

CGT Sales Ltd, Cheltenham

01242 386012

Next Steps?

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