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2 Bed Flat, Single Let, Gloucester, GL2 2AU, £139,950

Woodvale, Kingsway, GL2 2AU - 2 views - 4 months ago

Sold STC
Leasehold
BTL
ROI: 8%
~68 m²
+6 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£153,764
BMV10%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£34,988

Stamp Duty & Legal Fees

£5,399

Total Cash In

£40,386

 

 

Cash Out

 

Rent Range

£750 - £2,000

Rent Estimate

£895

Running Costs/mo

£636

Cashflow/mo

£259

Cashflow/yr

£3,104

ROI

8%

Gross Yield

8%

Local Sold Prices

36 sold prices from £62.5K to £250K, average is £139.5K. £869/m² to £3.4K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£115K07/210.01 mi9, Woodvale Kingsway, Quedgeley, Gloucester, Gloucestershire GL2 2AU2
£127K05/230.01 mi11, Woodvale Kingsway, Quedgeley, Gloucester, Gloucestershire GL2 2AU2
£63K06/210.03 mi31, Halton Way Kingsway, Quedgeley, Gloucester, Gloucestershire GL2 2BB2
£140K01/230.08 mi23, Shawbury Avenue Kingsway, Quedgeley, Gloucester, Gloucestershire GL2 2BD2
£135K09/230.2 mi20, Holbeach Drive Kingsway, Quedgeley, Gloucester, Gloucestershire GL2 2BF2
£115K11/200.2 mi22, Holbeach Drive Kingsway, Quedgeley, Gloucester, Gloucestershire GL2 2BF2
£139K09/230.2 mi16, Holbeach Drive Kingsway, Quedgeley, Gloucester, Gloucestershire GL2 2BF2
£126K06/210.2 mi10, Holbeach Drive Kingsway, Quedgeley, Gloucester, Gloucestershire GL2 2BF2
£160K11/220.21 mi22, Holbeach Drive Kingsway, Quedgeley, Gloucester, Gloucestershire GL2 2BF2
£153K02/230.37 mi32, Watermint Drive, Tuffley, Gloucester, Gloucestershire GL4 0SY2
£138K02/210.37 mi128, Watermint Drive, Tuffley, Gloucester, Gloucestershire GL4 0SY2
£145K01/230.37 mi82, Watermint Drive, Tuffley, Gloucester, Gloucestershire GL4 0SY2
£190K05/230.38 mi2, Cardinal Drive, Tuffley, Gloucester, Gloucestershire GL4 0TX2
£125K11/210.4 mi31, Watermint Drive, Tuffley, Gloucester, Gloucestershire GL4 0SZ2
£142K05/230.4 mi65, Watermint Drive, Tuffley, Gloucester, Gloucestershire GL4 0SZ2
£140K06/230.4 mi7, Watermint Drive, Tuffley, Gloucester, Gloucestershire GL4 0SZ2
£145K11/220.4 mi5, Watermint Drive, Tuffley, Gloucester, Gloucestershire GL4 0SZ2
£127K01/210.4 mi25, Watermint Drive, Tuffley, Gloucester, Gloucestershire GL4 0SZ2
£120K06/210.4 mi17, Watermint Drive, Tuffley, Gloucester, Gloucestershire GL4 0SZ2
£192.5K05/210.4 mi17, Queen Anne Court, Quedgeley, Gloucester, Gloucestershire GL2 4JY2
£179.8K01/210.4 mi18, Queen Anne Court, Quedgeley, Gloucester, Gloucestershire GL2 4JY2
£178.5K02/230.42 mi30, The Rushes, Tuffley, Gloucester, Gloucestershire GL4 0TZ2
£140K04/230.46 mi8, Pampas Court, Tuffley, Gloucester, Gloucestershire GL4 0TB2
£125K07/210.46 mi5, Pampas Court, Tuffley, Gloucester, Gloucestershire GL4 0TB2
£62.5K03/210.46 mi6, Boddington Drive Kingsway, Quedgeley, Gloucester, Gloucestershire GL2 2DT2
£148K01/230.57 mi11, Pampas Court, Tuffley, Gloucester, Gloucestershire GL4 0TB2
£220K06/210.6 mi37, Harewood Close, Tuffley, Gloucester, Gloucestershire GL4 0SR2
£135K01/210.62 mi7, Daniels Meadow, Tuffley, Gloucester, Gloucestershire GL4 0TU2
£250K03/210.67 mi68, Windsor Drive, Tuffley, Gloucester, Gloucestershire GL4 0QT2
£136K11/220.7 mi22, Cheviot Close, Quedgeley, Gloucester, Gloucestershire GL2 4TR2
£120K11/200.7 mi9, Mendip Close, Quedgeley, Gloucester, Gloucestershire GL2 4TW2
£123.5K12/200.7 mi1, Cheviot Close, Quedgeley, Gloucester, Gloucestershire GL2 4TR2
£232.5K05/210.71 mi10, Sandringham Avenue, Tuffley, Gloucester, Gloucestershire GL4 0QL2
£156K11/220.72 mi26, Tolsey Gardens, Tuffley, Gloucester, Gloucestershire GL4 0DR2
£133K01/210.73 mi5, Tolsey Gardens, Tuffley, Gloucester, Gloucestershire GL4 0DR2
£150.1K09/220.75 mi36, Tolsey Gardens, Tuffley, Gloucester, Gloucestershire GL4 0DR2

Local Rents

21 rents from £750/mo to £2K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£1,00004/240.04 miHalton Way, Kingsway , Gloucester2
£2,00002/250.08 mi-2
£79504/240.1 miShawbury Avenue, Kingsway2
£1,00012/240.15 mi-2
£90004/240.17 miValley Gardens2
£1,00001/250.24 mi-2
£75003/250.24 mi-2
£1,00005/240.3 miPark Road, Gloucester2
£95004/240.3 miWatermint Drive, Tuffley, Gloucester, GL42
£97504/240.35 miWatermint Drive, Tuffley,2
£92504/240.36 miHale Close, Tuffley2
£1,00005/240.4 miWatermint Drive, Tuffley2
£1,00005/240.4 miWatermint Drive2
£87504/240.42 mi-2
£92504/240.44 miWatermint Drive, Tuffley, Gloucester 2
£92504/240.46 miPampas Court, Tuffley, Gloucester 2
£95004/240.53 miAlthorp Close, Tuffley, Gloucester2
£92504/240.55 miCoopers Elm, Quedgeley2
£89504/240.56 miDenham Close, Tuffley2
£1,00012/240.58 miThe Willows, Gloucester2
£95004/240.61 miLower Meadow, Quedgeley, Gloucester, GL22

Links

Local Area Statistics

Population in GL2

52,117

Population in Gloucester

173,084

Town centre distance

2.77 miles away

Nearest school

0.30 miles away

Nearest train station

3.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £139,950

December 23, 2024

Sold for £125,000

2022

Sold for £119,995

2006

Floor Plans

Description

  • Two Bedroom +
  • Apartment +
  • Allocated parking space +
  • Open plan living space +
  • Views over green space +
  • Close to local amenities +
  • Leasehold information: Lease Length: 131 years, Service charge: £1,570 per annum, Ground rent: £134 per annum +
  • Council Tax Band A +

Situated in the popular area of Kingsway and only a short walk to local amenities, is this top floor, two bedroom apartment.

This property briefly comprising of an open-plan lounge/kitchen area with integrated appliances, two good sized bedrooms and a family bathroom.

Further benefits include an allocated off road parking space, gas central heating and several storage cupboards.

This apartment would be perfect for first time buyers or as an investment buy. If this property were to be marketed for rent, you could achieve in the region of £895pcm.

Tenure: Leasehold
Leasehold information: Lease Length: 131 years, Service charge: £1,570 per annum, Ground Rent: £134 per annum
EPC: TBC
Council Tax Band: A

Agent Details

CJ Hole, Hucclecote

01452 941704

Next Steps?

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

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