2 Bed Flat, Single Let, Gloucester, GL1 3AG, £120,000

44-46, Worcester Street, Gloucester, GL1 3AG - 1 views - 4 months ago

Sold STC

Leasehold

BTL

ROI: 10%

43 m²

+10 photos

ValuationOvervalued

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

Square Metres	42.50 m²
Price/m²	£2.8K/m²
Value Estimate	£81,194£81,194

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£30,000£30,000
Stamp Duty & Legal Fees	£4,800£4,800
Total Cash In	£34,800£34,800

Cash Out
Rent Range	£850 - £2,200£850 - £2,200
Rent Estimate	£866
Running Costs/mo	£568£568
Cashflow/mo	£298£298
Cashflow/yr	£3,574£3,574
ROI	10%10%
Gross Yield	9%9%

Local Sold Prices

24 sold prices from £105K to £180K, average is £133.8K. £1.5K/m² to £2.7K/m², average is £1.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£154K	08/21	0.36 mi	Flat 6, The Willows, Lansdown Road, Gloucester, Gloucestershire GL1 3LA	-	-	2	Flat
£135K	12/21	0.39 mi	Flat 19, Bijou Court, Kingsholm Road, Gloucester, Gloucestershire GL1 3DJ	-	-	2	Flat
£150K	11/21	0.39 mi	Flat 18, Bijou Court, Kingsholm Road, Gloucester, Gloucestershire GL1 3DJ	-	-	2	Flat
£156K	02/23	0.44 mi	6, Hillfield Court Road, Gloucester, Gloucestershire GL1 3QS	£2,690	58	2	Flat
£130K	07/21	0.5 mi	35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX	-	-	2	Flat
£130K	07/21	0.5 mi	35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX	-	-	2	Flat
£157K	03/23	0.5 mi	35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX	-	-	2	Flat
£179.9K	02/23	0.5 mi	Flat 3, Chesmann Court, Estcourt Road, Gloucester, Gloucestershire GL1 3LY	-	-	2	Flat
£105K	05/23	0.52 mi	Flat 4, Brunswest Court, Parliament Street, Gloucester, Gloucestershire GL1 1YG	£2,561	41	2	Flat
£126K	04/21	0.52 mi	Flat 11, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP	-	-	2	Flat
£147K	06/23	0.52 mi	Flat 11, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP	-	-	2	Flat
£115K	10/21	0.53 mi	Flat 14, Lesanne Court, Parliament Street, Gloucester, Gloucestershire GL1 1YF	-	-	2	Flat
£140K	02/21	0.55 mi	Flat 33, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE	-	-	2	Flat
£125K	09/21	0.55 mi	Flat 6, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE	-	-	2	Flat
£128.5K	06/23	0.55 mi	Flat 28, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE	-	-	2	Flat
£180K	12/22	0.55 mi	4, Chillingworth Mews, Gloucester, Gloucestershire GL1 1HH	£2,647	68	2	Flat
£150K	02/23	0.58 mi	Flat 6, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP	-	-	2	Flat
£150K	07/23	0.58 mi	Alexandra House, 90, Pillowell Drive, Gloucester, Gloucestershire GL1 3LZ	£1,765	85	2	Flat
£132.5K	12/22	0.58 mi	Finsbury House, 32, Pillowell Drive, Gloucester, Gloucestershire GL1 3LZ	£1,489	89	2	Flat
£132K	06/21	0.62 mi	38, The Crescent, Gloucester, Gloucestershire GL1 3LF	£1,791	74	2	Flat
£128K	06/23	0.62 mi	78, The Crescent, Gloucester, Gloucestershire GL1 3LF	£1,910	67	2	Flat
£106K	12/20	0.62 mi	31, The Crescent, Gloucester, Gloucestershire GL1 3LF	£1,472	72	2	Flat
£157K	01/23	0.62 mi	37, The Crescent, Gloucester, Gloucestershire GL1 3LF	£2,127	74	2	Flat
£122K	06/23	0.9 mi	Flat 1, Archway House, Farm Street, Gloucester, Gloucestershire GL1 5AD	-	-	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£875	04/24	0.06 mi	Worcester Street, Gloucester, GL1	2	Flat
£875	04/24	0.12 mi	Worcester Street, Gloucester	2	Flat
£950	04/24	0.14 mi	The Courtyard, London Road	2	Flat
£875	04/24	0.16 mi	London Road, Gloucester, GL1	2	Flat
£2,200	12/24	0.16 mi	-	2	Terraced House
£1,050	05/24	0.18 mi	Swan Road, Gloucester	2	House
£1,050	05/24	0.18 mi	Swan Road, Gloucester	2	House
£850	04/24	0.19 mi	Worcester Street, Gloucester	2	Flat
£1,250	04/24	0.2 mi	Market Parade, Gloucester	2	Flat
£1,150	04/25	0.2 mi	-	2	Flat
£950	04/24	0.21 mi	Sebert Street, Gloucester	2	Terraced House
£1,195	01/25	0.22 mi	-	2	Flat
£1,525	04/24	0.22 mi	St. Johns Lane, Gloucester	2	Flat
£950	03/25	0.22 mi	-	2	Flat
£1,475	04/24	0.25 mi	St. Johns Lane, Gloucester	2	Flat
£1,325	04/24	0.28 mi	St. Johns Lane, Gloucester	2	Flat
£875	05/24	0.28 mi	Northgate Street, Gloucester, GL1	2	Flat
£1,450	05/24	0.31 mi	St. Johns Lane, Gloucester	2	Flat
£1,000	05/24	0.31 mi	-	2	Flat
£1,000	04/25	0.32 mi	-	2	Flat
£900	02/24	0.32 mi	-	2	Flat
£925	04/24	0.32 mi	Westgate Street. GL1	2	Flat
£1,000	04/24	0.32 mi	Kingsholm Road, Gloucester, GL1 3AZ	2	Flat
£1,100	05/24	0.34 mi	-	2	Flat
£1,100	04/25	0.34 mi	-	2	Flat
£945	02/24	0.35 mi	-	2	Flat
£945	12/24	0.35 mi	-	2	Flat
£2,200	04/24	0.35 mi	Station Road, GLOUCESTER	2	House
£2,200	04/24	0.35 mi	Station Road, GLOUCESTER	2	House
£1,100	03/25	0.35 mi	-	2	Semi-Detached House
£925	04/24	0.35 mi	Berkeley Street, Gloucester, Gloucester	2	Flat
£850	04/24	0.37 mi	75-81 Eastgate Street, Gloucester	2	Flat
£1,000	05/24	0.37 mi	Eastgate Street, Gloucester	2	Flat
£950	04/24	0.37 mi	-	2	Flat
£950	04/24	0.38 mi	Westgate Street, Gloucester	2	Flat
£950	05/24	0.38 mi	Westgate Street, Gloucester GL1 2PG	2	Flat
£915	05/24	0.39 mi	London Road , Kingsholm , Gloucester	2	Flat
£900	04/24	0.4 mi	-	2	Flat
£925	04/24	0.41 mi	Station Road, Gloucester, GL1	2	Flat
£925	04/24	0.41 mi	Station Road, Gloucester, GL1	2	Flat
£875	04/24	0.42 mi	Eastgate Street, Gloucester, GL1	2	Terraced House
£875	05/24	0.42 mi	-	2	Terraced House
£900	04/24	0.44 mi	Kiln Close, Gloucester, GL1 1GH	2	Flat
£1,050	04/24	0.46 mi	-	2	Flat
£1,250	03/25	0.46 mi	-	2	Flat
£950	04/24	0.46 mi	Suffolk Drive, Gloucester	2	Flat
£925	04/24	0.49 mi	Longhorn Avenue, Gloucester	2	Flat
£1,200	04/24	0.49 mi	Friars Orchard, Gloucester, Gloucestershire, GL1	2	Terraced House
£1,000	04/24	0.5 mi	Parliament Street, Gloucester	2	Terraced House
£925	04/24	0.51 mi	Longhorn Avenue, Gloucester	2	Flat

Local Area Statistics

Population in GL1	34,17234,172
Population in Gloucester	173,084173,084
Town centre distance	0.99 miles away0.99 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.30 miles away0.30 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

Listed for £120,000

December 30, 2024

Floor Plans

Description

Duplex Apartment in Georgian Grade 2 Listed Conversion +
Two Bedrooms +
Impressive Duel Aspect Living Room on dedicated floor +
Allocated Parking Space +
Modern Fitted Kitchen Breakfast Room +
Convenient Central Location close to multiple amenities and walking distance to Train Station +
Stunning Cathedral View to front aspect +
LEASEHOLD property - 965 Years remaining on Lease £70 per month Service Charge +
EPC TBC Council Tax Band A Gloucester City Council +
REF LH0563 +

Elegant Duplex Apartment in Georgian Grade II Listed Conversion The perfect blend of historic charm and modern living with this brilliant duplex apartment, set within a Georgian Grade II listed building. Offering a prime combination of sophistication, convenience, and stunning architectural details, this property is ideal for those seeking a distinctive home in the heart of the city. This spacious apartment features two bedrooms, perfect for restful retreats or versatile spaces like a home office. The impressive dual-aspect living room is bathed in natural light, creating an inviting atmosphere ideal for both entertaining and relaxation. A modern fitted kitchen breakfast room overlooks the rear aspect and the white bathroom suite completes the accommodation. A rare benefit of this property is the allocated parking space, providing convenience and peace of mind in such a central location. One of the apartment’s most captivating features is its stunning view of the iconic cathedral, offering a picturesque backdrop to everyday life. Situated in a convenient central location, this home places you just steps away from shops, dining, cultural landmarks, and excellent transport links. Seamlessly combining period elegance with modern comforts, this remarkable duplex apartment offers a unique living experience in a vibrant and sought-after area. Arrange a viewing today and prepare to fall in love with this Georgian gem. Service charge £70 per month
965 years left on the lease
Council Tax A REF LH0563

Agent Details

eXp UK, South West

03304 609968

Next Steps?

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

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