2 Bed Flat, Single Let, Gloucester, GL1 4DP, £117,500

9 Bishops Castle Way, Gloucester, GL1 4DP - 3 views - 3 months ago

Sold STC
Leasehold
BTL
ROI: 10%
50 m²
+1 photos

ValuationOvervalued

Sold Prices£104K - £200K
Sold Prices/m²£1.5K/m² - £3.2K/m²

 

 

Square Metres

50 m²
Price/m²£2.4K/m²

Value Estimate

£100,945

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£29,375

Stamp Duty & Legal Fees

£4,725

Total Cash In

£34,100

 

 

Cash Out

 

Rent Range

£750 - £1,800

Rent Estimate

£850

Running Costs/mo

£557

Cashflow/mo

£293

Cashflow/yr

£3,514

ROI

10%

Gross Yield

9%

Local Sold Prices

25 sold prices from £104K to £200K, average is £132K. £1.5K/m² to £3.2K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£122K02/230.05 mi44, Bishops Castle Way, Gloucester, Gloucestershire GL1 4DP2
£115K01/210.37 mi98, Melbourne Street East, Gloucester, Gloucestershire GL1 4NR2
£132K06/210.6 mi38, The Crescent, Gloucester, Gloucestershire GL1 3LF2
£128K06/230.6 mi78, The Crescent, Gloucester, Gloucestershire GL1 3LF2
£106K12/200.6 mi31, The Crescent, Gloucester, Gloucestershire GL1 3LF2
£157K01/230.61 mi37, The Crescent, Gloucester, Gloucestershire GL1 3LF2
£150K07/230.63 miAlexandra House, 90, Pillowell Drive, Gloucester, Gloucestershire GL1 3LZ2
£132.5K12/220.63 miFinsbury House, 32, Pillowell Drive, Gloucester, Gloucestershire GL1 3LZ2
£180K10/210.63 mi19, Clevedon Road, Gloucester, Gloucestershire GL1 4RN2
£122K06/230.68 miFlat 1, Archway House, Farm Street, Gloucester, Gloucestershire GL1 5AD2
£125.5K11/200.7 mi16, Overbrook Close, Gloucester, Gloucestershire GL4 3BQ2
£145.5K01/230.7 mi23, Overbrook Close, Gloucester, Gloucestershire GL4 3BQ2
£148.7K12/220.71 mi12, Overbrook Close, Gloucester, Gloucestershire GL4 3BQ2
£140K02/210.83 miFlat 33, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE2
£125K09/210.83 miFlat 6, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE2
£128.5K06/230.83 miFlat 28, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE2
£115K10/210.9 miFlat 14, Lesanne Court, Parliament Street, Gloucester, Gloucestershire GL1 1YF2
£156K02/230.9 mi6, Hillfield Court Road, Gloucester, Gloucestershire GL1 3QS2
£150K02/230.91 miFlat 6, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP2
£105K05/230.91 miFlat 4, Brunswest Court, Parliament Street, Gloucester, Gloucestershire GL1 1YG2
£180K12/220.93 mi4, Chillingworth Mews, Gloucester, Gloucestershire GL1 1HH2
£200K10/210.95 mi4, Darwin Road, Gloucester, Gloucestershire GL4 6TE2
£126K04/210.95 miFlat 11, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP2
£147K06/230.95 miFlat 11, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP2
£104K04/210.97 mi17, Langley Road, Matson, Gloucester, Gloucestershire GL4 6BA2

Local Rents

22 rents from £750/mo to £1.8K/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£95005/240.05 miBishop Castle Way. GL12
£1,10004/240.08 miIndia Road, Gloucester2
£95004/240.08 miBarton/Tredworth, Gloucester2
£1,10004/240.08 miIndia Road, Gloucester, Gloucestershire, GL12
£1,20002/250.11 mi-2
£1,00004/240.27 miSt. James Street, Gloucester2
£82504/240.29 miAlbany Street, Gloucester. GL1 2
£75003/250.33 mi-2
£92503/240.39 mi-2
£97503/240.41 mi-2
£92504/240.41 miCarmarthen Street, Gloucester2
£79505/240.46 miMaldon Gardens, Gloucester2
£1,80004/250.55 mi-2
£91504/240.56 miHamer Street, Gloucester, GL12
£75004/250.57 mi-2
£97505/240.57 miWellesley Street, Tredworth, Gloucester, GL12
£87504/240.61 miMidland Road, Gloucester, GL12
£85004/240.61 miMidland Road, Gloucester, GL12
£87503/240.61 mi-2
£85005/240.61 mi-2
£1,10004/250.61 mi-2
£85005/240.62 miThe Crescent, GL12

Local Area Statistics

Population in GL1

34,172

Population in Gloucester

173,084

Town centre distance

0.24 miles away

Nearest school

0.20 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+21%

Sales demand

Balanced market

Capital growth (5yrs)

+37%

Property History

Listed for £117,500

January 24, 2025

Floor Plans

Description

  • Chain Free Ground Floor Apartment +
  • Would Benefit From Cosmetic Work To Reach Its Full Potential +
  • Lounge, Kitchen, Two Double Bedrooms, Bathroom +
  • Communal Gardens +
  • Allocated Off Road Parking For One Vehicle +
  • EPC - D, Council Tax - B, Leasehold +

CHAIN FREE TWO DOUBLE BEDROOM GROUND FLOOR APARTMENT that would benefit from cosmetic work to reach its full potential with ALLOCATED OFF ROAD PARKING.

Accommodation comprises hallway, lounge, kitchen, bedroom one, bedroom two and the bathroom.

Outside of the property you have COMMUNAL GARDENS and ALLOCATED OFF ROAD PARKING FOR ONE VEHICLE.

Side entrance door leads into:

Entrance Hallway - Storage heater, airing cupboard with a hot water cylinder.

Lounge - 4.47m x 3.56m (14'8 x 11'8) - Laminate flooring, storage heater, tv point, upvc double glazed window to rear elevation.

Kitchen - 2.92m x 1.85m (9'7 x 6'1) - Base and wall mounted units, laminated worktops, tiled splashbacks, single drainer one and a half bowl sink unit with a mixer tap, extractor hood, space for fridge/freezer, upvc double glazed window to front elevation.

Bedroom 1 - 3.28m x 3.10m (10'9 x 10'2) - Wall mounted panel heater, upvc double glazed window to rear elevation.

Bedroom 2 - 3.07m x 2.84m max (10'1 x 9'4 max) - Laminate flooring, electric panel heater, upvc double glazed window to front elevation.

Bathroom - 1.93m x 1.83m (6'4 x 6') - Bath with a shower unit over, low level w.c., pedestal wash hand basin, partially tiled walls, wall mounted electric heater, upvc double glazed window to front elevation.

Outside - There are communal gardens and an allocated car park space at the rear.

Services - Mains water, electricity and drainage.

Water Rates - To be advised.

Tenure - Leasehold.

Lease - 999 Years from 1st January 2000.

Ground Rent - £120.00 Per Annum.

Service Charge - £1,260.00 Per Annum.

Viewing - Strictly through the Owners Selling Agent, Steve Gooch, who will be delighted to escort interested applicants to view if required. Office Opening Hours 8.30am - 6.00pm Monday to Friday, 9.00am - 5.30pm Saturday.

Directions - From Painswick Road roundabout take Painswick Road towards the city centre and proceed along into Barton Street. Go underneath the bridge and then turn right where signposted into Hatfield Road and proceed to the end and turn right then right again into Bishops Castle Way where the property can be located.

Property Surveys - Qualified Chartered Surveyors (with over 20 years experience) available to undertake surveys (to include Mortgage Surveys/RICS Housebuyers Reports/Full Structural Surveys).

Agent Details

Steve Gooch Estate Agents, Gloucester

01452 227857

Next Steps?

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