2 Bed Flat, Single Let, Gloucester, GL1 1QF, £120,000

Bedford Street, Gloucester, GL1 1QF - 5 months ago

Sold STC

Leasehold

BTL

ROI: 10%

~57 m²

+4 photos

ValuationOvervalued

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

Square Metres	~57.32 m²
Price/m²	£2.1K/m²
Value Estimate	£106,085£106,085

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£30,000£30,000
Stamp Duty & Legal Fees	£7,200£7,200
Total Cash In	£37,200£37,200

Cash Out
Rent Range	£850 - £2,200£850 - £2,200
Rent Estimate	£875
Running Costs/mo	£570£570
Cashflow/mo	£305£305
Cashflow/yr	£3,660£3,660
ROI	10%10%
Gross Yield	9%9%

Local Sold Prices

26 sold prices from £105K to £180K, average is £132.3K. £1.5K/m² to £2.7K/m², average is £1.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£115K	10/21	0.31 mi	Flat 14, Lesanne Court, Parliament Street, Gloucester, Gloucestershire GL1 1YF	-	-	2	Flat
£105K	05/23	0.31 mi	Flat 4, Brunswest Court, Parliament Street, Gloucester, Gloucestershire GL1 1YG	£2,561	41	2	Flat
£180K	12/22	0.34 mi	4, Chillingworth Mews, Gloucester, Gloucestershire GL1 1HH	£2,647	68	2	Flat
£150K	07/23	0.49 mi	Alexandra House, 90, Pillowell Drive, Gloucester, Gloucestershire GL1 3LZ	£1,765	85	2	Flat
£132.5K	12/22	0.49 mi	Finsbury House, 32, Pillowell Drive, Gloucester, Gloucestershire GL1 3LZ	£1,489	89	2	Flat
£132K	06/21	0.52 mi	38, The Crescent, Gloucester, Gloucestershire GL1 3LF	£1,791	74	2	Flat
£128K	06/23	0.52 mi	78, The Crescent, Gloucester, Gloucestershire GL1 3LF	£1,910	67	2	Flat
£106K	12/20	0.52 mi	31, The Crescent, Gloucester, Gloucestershire GL1 3LF	£1,472	72	2	Flat
£157K	01/23	0.52 mi	37, The Crescent, Gloucester, Gloucestershire GL1 3LF	£2,127	74	2	Flat
£156K	02/23	0.53 mi	6, Hillfield Court Road, Gloucester, Gloucestershire GL1 3QS	£2,690	58	2	Flat
£122K	06/23	0.58 mi	Flat 1, Archway House, Farm Street, Gloucester, Gloucestershire GL1 5AD	-	-	2	Flat
£140K	02/21	0.58 mi	Flat 33, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE	-	-	2	Flat
£125K	09/21	0.58 mi	Flat 6, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE	-	-	2	Flat
£128.5K	06/23	0.58 mi	Flat 28, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE	-	-	2	Flat
£126K	04/21	0.63 mi	Flat 11, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP	-	-	2	Flat
£147K	06/23	0.63 mi	Flat 11, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP	-	-	2	Flat
£130K	07/21	0.64 mi	35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX	-	-	2	Flat
£130K	07/21	0.64 mi	35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX	-	-	2	Flat
£157K	03/23	0.64 mi	35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX	-	-	2	Flat
£154K	08/21	0.65 mi	Flat 6, The Willows, Lansdown Road, Gloucester, Gloucestershire GL1 3LA	-	-	2	Flat
£150K	02/23	0.65 mi	Flat 6, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP	-	-	2	Flat
£135K	12/21	0.72 mi	Flat 19, Bijou Court, Kingsholm Road, Gloucester, Gloucestershire GL1 3DJ	-	-	2	Flat
£150K	11/21	0.72 mi	Flat 18, Bijou Court, Kingsholm Road, Gloucester, Gloucestershire GL1 3DJ	-	-	2	Flat
£122K	02/23	0.76 mi	44, Bishops Castle Way, Gloucester, Gloucestershire GL1 4DP	-	-	2	Flat
£179.9K	02/23	0.83 mi	Flat 3, Chesmann Court, Estcourt Road, Gloucester, Gloucestershire GL1 3LY	-	-	2	Flat
£115K	01/21	0.83 mi	98, Melbourne Street East, Gloucester, Gloucestershire GL1 4NR	£1,709	67	2	Flat

Local Rents

50 rents from £850/mo to £2.2K/mo, average is £950/mo.

Rent	Date	Distance	Address	Beds	Type
£900	02/24	0.02 mi	-	2	Flat
£1,000	04/25	0.03 mi	-	2	Flat
£2,200	04/24	0.03 mi	Station Road, GLOUCESTER	2	House
£2,200	04/24	0.03 mi	Station Road, GLOUCESTER	2	House
£900	04/24	0.06 mi	-	2	Flat
£850	04/24	0.06 mi	75-81 Eastgate Street, Gloucester	2	Flat
£1,000	05/24	0.06 mi	Eastgate Street, Gloucester	2	Flat
£875	05/24	0.09 mi	-	2	Terraced House
£875	04/24	0.09 mi	Eastgate Street, Gloucester, GL1	2	Terraced House
£1,100	05/24	0.1 mi	-	2	Flat
£1,100	04/25	0.1 mi	-	2	Flat
£925	04/24	0.1 mi	Station Road, Gloucester, GL1	2	Flat
£925	04/24	0.1 mi	Station Road, Gloucester, GL1	2	Flat
£1,250	04/24	0.15 mi	Market Parade, Gloucester	2	Flat
£900	04/24	0.17 mi	Kiln Close, Gloucester, GL1 1GH	2	Flat
£1,150	04/25	0.2 mi	-	2	Flat
£1,100	04/25	0.21 mi	-	2	Flat
£850	04/24	0.22 mi	Worcester Street, Gloucester	2	Flat
£875	05/24	0.23 mi	Northgate Street, Gloucester, GL1	2	Flat
£850	04/24	0.23 mi	St. Michaels Square, Gloucester, GL1	2	Flat
£950	04/24	0.24 mi	The Courtyard, London Road	2	Flat
£950	03/25	0.24 mi	-	2	Flat
£1,525	04/24	0.24 mi	St. Johns Lane, Gloucester	2	Flat
£1,050	04/24	0.25 mi	-	2	Flat
£1,250	03/25	0.25 mi	-	2	Flat
£875	04/24	0.25 mi	London Road, Gloucester, GL1	2	Flat
£2,200	12/24	0.26 mi	-	2	Terraced House
£875	04/24	0.26 mi	Worcester Street, Gloucester	2	Flat
£1,195	01/25	0.26 mi	-	2	Flat
£1,475	04/24	0.27 mi	St. Johns Lane, Gloucester	2	Flat
£1,325	04/24	0.27 mi	St. Johns Lane, Gloucester	2	Flat
£1,200	04/24	0.29 mi	Friars Orchard, Gloucester, Gloucestershire, GL1	2	Terraced House
£1,000	04/24	0.3 mi	Southgate Street, Gloucester	2	Flat
£1,000	04/24	0.3 mi	Parliament Street, Gloucester	2	Terraced House
£850	04/24	0.31 mi	Lesanne Court, Parliament Street, Gloucester	2	Flat
£975	03/24	0.36 mi	-	2	Terraced House
£925	03/24	0.36 mi	-	2	Terraced House
£925	04/24	0.37 mi	Berkeley Street, Gloucester, Gloucester	2	Flat
£925	04/24	0.39 mi	Brunswick Square, Gloucester	2	Flat
£925	04/24	0.4 mi	Westgate Street. GL1	2	Flat
£875	04/24	0.4 mi	Worcester Street, Gloucester, GL1	2	Flat
£875	04/24	0.41 mi	Midland Road, Gloucester, GL1	2	Flat
£850	04/24	0.41 mi	Midland Road, Gloucester, GL1	2	Flat
£875	03/24	0.41 mi	-	2	Flat
£850	05/24	0.41 mi	-	2	Flat
£1,100	04/25	0.41 mi	-	2	Flat
£1,800	04/25	0.43 mi	-	2	Flat
£1,100	03/25	0.43 mi	-	2	Semi-Detached House
£950	04/24	0.46 mi	-	2	Flat
£1,300	05/24	0.46 mi	Britannia Warehouse, Gloucester	2	Flat

Local Area Statistics

Population in GL1	34,17234,172
Population in Gloucester	173,084173,084
Town centre distance	0.66 miles away0.66 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.09 miles away0.09 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

Price changed to £120,000

February 4, 2025

Listed for £125,000

November 13, 2024

Floor Plans

Description

Two Double Bedrooms +
Open Plan Lounge Kitchen +
Two double Bedrooms +
Family Bathroom +
Enclosed Rear Garden +
Gas Central Heating +
Double Glazed. +

Offered for sale with NO ONWARD CHAIN is this split level TWO DOUBLE BEDROOM apartment with a garden.

Entered via a solid wooden door into a good sized open plan living room with large opening to a good sized kitchen/diner. This property is of a quirky nature and there is a small flight of stairs taking you to the bathroom and a back door giving access to an enclosed garden. Down a further flight of stairs leading to two double bedrooms. This deceptively spacious split level apartment would make an ideal FIRST TIME BUY or equally a fantastic BUY TO LET INVESTMENT - early viewing is advised to avoid disappointment.

(Potential rental income £875pcm - £900pcm)