2 Bed Flat, Single Let, Gloucester, GL1 2QT, £120,000

St. Marys Square, GLOUCESTER, GL1 2QT - 4 months ago

Leasehold

BTL

ROI: 9%

~70 m²

+3 photos

ValuationUndervalued

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

Square Metres	~69.58 m²
Price/m²	£1.7K/m²
Value Estimate	£132,929£132,929
BMV	11%

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	£850
Running Costs/mo	£565£565
Cashflow/mo	£285£285
Cashflow/yr	£3,420£3,420
ROI	9%9%
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
£105K	05/23	0.43 mi	Flat 4, Brunswest Court, Parliament Street, Gloucester, Gloucestershire GL1 1YG	£2,561	41	2	Flat
£180K	12/22	0.44 mi	4, Chillingworth Mews, Gloucester, Gloucestershire GL1 1HH	£2,647	68	2	Flat
£115K	10/21	0.45 mi	Flat 14, Lesanne Court, Parliament Street, Gloucester, Gloucestershire GL1 1YF	-	-	2	Flat
£135K	12/21	0.57 mi	Flat 19, Bijou Court, Kingsholm Road, Gloucester, Gloucestershire GL1 3DJ	-	-	2	Flat
£150K	11/21	0.57 mi	Flat 18, Bijou Court, Kingsholm Road, Gloucester, Gloucestershire GL1 3DJ	-	-	2	Flat
£154K	08/21	0.62 mi	Flat 6, The Willows, Lansdown Road, Gloucester, Gloucestershire GL1 3LA	-	-	2	Flat
£179.9K	02/23	0.7 mi	Flat 3, Chesmann Court, Estcourt Road, Gloucester, Gloucestershire GL1 3LY	-	-	2	Flat
£156K	02/23	0.75 mi	6, Hillfield Court Road, Gloucester, Gloucestershire GL1 3QS	£2,690	58	2	Flat
£130K	07/21	0.82 mi	35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX	-	-	2	Flat
£130K	07/21	0.82 mi	35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX	-	-	2	Flat
£157K	03/23	0.82 mi	35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX	-	-	2	Flat
£126K	04/21	0.84 mi	Flat 11, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP	-	-	2	Flat
£147K	06/23	0.84 mi	Flat 11, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP	-	-	2	Flat
£140K	02/21	0.86 mi	Flat 33, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE	-	-	2	Flat
£125K	09/21	0.86 mi	Flat 6, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE	-	-	2	Flat
£128.5K	06/23	0.86 mi	Flat 28, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE	-	-	2	Flat
£150K	07/23	0.86 mi	Alexandra House, 90, Pillowell Drive, Gloucester, Gloucestershire GL1 3LZ	£1,765	85	2	Flat
£132.5K	12/22	0.86 mi	Finsbury House, 32, Pillowell Drive, Gloucester, Gloucestershire GL1 3LZ	£1,489	89	2	Flat
£122K	06/23	0.88 mi	Flat 1, Archway House, Farm Street, Gloucester, Gloucestershire GL1 5AD	-	-	2	Flat
£150K	02/23	0.9 mi	Flat 6, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP	-	-	2	Flat
£132K	06/21	0.9 mi	38, The Crescent, Gloucester, Gloucestershire GL1 3LF	£1,791	74	2	Flat
£128K	06/23	0.9 mi	78, The Crescent, Gloucester, Gloucestershire GL1 3LF	£1,910	67	2	Flat
£106K	12/20	0.9 mi	31, The Crescent, Gloucester, Gloucestershire GL1 3LF	£1,472	72	2	Flat
£157K	01/23	0.91 mi	37, The Crescent, Gloucester, Gloucestershire GL1 3LF	£2,127	74	2	Flat

Local Rents

50 rents from £850/mo to £2.2K/mo, average is £1K/mo.

Rent	Date	Distance	Address	Beds	Type
£945	02/24	0.03 mi	-	2	Flat
£945	12/24	0.03 mi	-	2	Flat
£1,450	05/24	0.06 mi	St. Johns Lane, Gloucester	2	Flat
£950	04/24	0.07 mi	-	2	Flat
£950	05/24	0.08 mi	Westgate Street, Gloucester GL1 2PG	2	Flat
£950	04/24	0.09 mi	Westgate Street, Gloucester	2	Flat
£925	04/24	0.09 mi	Westgate Street. GL1	2	Flat
£925	04/24	0.15 mi	Berkeley Street, Gloucester, Gloucester	2	Flat
£1,475	04/24	0.2 mi	St. Johns Lane, Gloucester	2	Flat
£1,325	04/24	0.2 mi	St. Johns Lane, Gloucester	2	Flat
£1,195	01/25	0.2 mi	-	2	Flat
£1,525	04/24	0.22 mi	St. Johns Lane, Gloucester	2	Flat
£2,200	12/24	0.23 mi	-	2	Terraced House
£875	05/24	0.25 mi	Northgate Street, Gloucester, GL1	2	Flat
£850	04/24	0.25 mi	Worcester Street, Gloucester	2	Flat
£875	04/24	0.27 mi	Worcester Street, Gloucester	2	Flat
£1,150	04/25	0.27 mi	-	2	Flat
£975	04/24	0.32 mi	Lock Warehouse, Severn Road, Gloucester	2	Flat
£875	04/24	0.34 mi	Worcester Street, Gloucester, GL1	2	Flat
£1,250	04/24	0.35 mi	Market Parade, Gloucester	2	Flat
£995	04/24	0.36 mi	Merchants Quay, The Docks, Gloucester	2	Flat
£1,050	04/24	0.36 mi	Merchants Quay, The Docks, Gloucester	2	Flat
£950	04/24	0.36 mi	Merchants Quay, Gloucester Docks, Gloucester	2	Flat
£1,300	05/24	0.36 mi	Britannia Warehouse, Gloucester	2	Flat
£1,200	04/24	0.37 mi	Severn Road, Gloucester, GL1	2	Flat
£1,275	04/24	0.37 mi	South Point, Severn Road, Gloucester	2	Flat
£1,200	04/24	0.37 mi	North Point, Gloucester Docks. GL1	2	Flat
£1,100	05/24	0.39 mi	-	2	Flat
£1,100	04/25	0.39 mi	-	2	Flat
£1,100	04/24	0.39 mi	Vinings Warehouse, The Docks, Gloucester	2	Flat
£1,050	04/24	0.39 mi	-	2	Flat
£1,250	03/25	0.39 mi	-	2	Flat
£1,200	04/24	0.39 mi	Friars Orchard, Gloucester, Gloucestershire, GL1	2	Terraced House
£950	04/24	0.4 mi	The Courtyard, London Road	2	Flat
£1,000	04/24	0.41 mi	Parliament Street, Gloucester	2	Terraced House
£1,100	04/24	0.41 mi	Double Reynolds, Gloucester Docks, Gloucester	2	Flat
£850	04/24	0.41 mi	-	2	Terraced House
£1,000	04/24	0.43 mi	Southgate Street, Gloucester	2	Flat
£850	04/24	0.43 mi	Lesanne Court, Parliament Street, Gloucester	2	Flat
£950	04/24	0.43 mi	Sebert Street, Gloucester	2	Terraced House
£1,050	05/24	0.44 mi	Swan Road, Gloucester	2	House
£1,050	05/24	0.44 mi	Swan Road, Gloucester	2	House
£850	04/24	0.44 mi	75-81 Eastgate Street, Gloucester	2	Flat
£1,000	05/24	0.44 mi	Eastgate Street, Gloucester	2	Flat
£900	04/24	0.44 mi	Kiln Close, Gloucester, GL1 1GH	2	Flat
£1,250	05/24	0.44 mi	The Docks, Gloucester, GL1	2	Flat
£875	04/24	0.44 mi	London Road, Gloucester, GL1	2	Flat
£1,000	04/25	0.45 mi	-	2	Flat
£900	02/24	0.45 mi	-	2	Flat
£1,150	04/24	0.47 mi	Longhorn Avenue, Gloucester, GL1 2BZ	2	Terraced House

Local Area Statistics

Population in GL1	34,17234,172
Population in Gloucester	173,084173,084
Town centre distance	1.10 miles away1.10 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.49 miles away0.49 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

March 8, 2025

Listed for £125,000

January 9, 2025

Floor Plans

Description

City Centre Location +
Two Floors +
Leasehold +
Two Bedroom +
Balcony +
No Onward Chain +

The property is located on the 1st floor and enters into the downstairs hallway. On the right is the kitchen which looks out of the front of the block. Behind this is the living room with access out onto a private balcony. Upstairs is two double bedrooms and a bathroom with shower over.
Outside there is a storage cupboard.
Located centrally near the Cathedral it has access to the docks and the ity centre and the facilities these offer.

The property is managed by Gloucester City Homes.

Agent Details

Andrews Estate Agents, Gloucester

01452 941744

Next Steps?

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

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CashflowsOpen in Analyser

Local Sold PricesDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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