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

Heathville Road, Gloucester, GL1 3EW - 2 views - 2 months ago

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Leasehold

BTL

ROI: 10%

~68 m²

+4 photos

ValuationUndervalued

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

Square Metres	~68.11 m²
Price/m²	£1.8K/m²
Value Estimate	£137,510£137,510
BMV	15%

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

25 sold prices from £105K to £180K, average is £135K. £1.5K/m² to £2.7K/m², average is £2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£156K	02/23	0.1 mi	6, Hillfield Court Road, Gloucester, Gloucestershire GL1 3QS	£2,690	58	2	Flat
£130K	07/21	0.16 mi	35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX	-	-	2	Flat
£130K	07/21	0.16 mi	35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX	-	-	2	Flat
£157K	03/23	0.16 mi	35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX	-	-	2	Flat
£126K	04/21	0.17 mi	Flat 11, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP	-	-	2	Flat
£147K	06/23	0.17 mi	Flat 11, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP	-	-	2	Flat
£140K	02/21	0.22 mi	Flat 33, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE	-	-	2	Flat
£125K	09/21	0.22 mi	Flat 6, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE	-	-	2	Flat
£128.5K	06/23	0.22 mi	Flat 28, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE	-	-	2	Flat
£150K	02/23	0.23 mi	Flat 6, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP	-	-	2	Flat
£154K	08/21	0.27 mi	Flat 6, The Willows, Lansdown Road, Gloucester, Gloucestershire GL1 3LA	-	-	2	Flat
£150K	07/23	0.35 mi	Alexandra House, 90, Pillowell Drive, Gloucester, Gloucestershire GL1 3LZ	£1,765	85	2	Flat
£132.5K	12/22	0.35 mi	Finsbury House, 32, Pillowell Drive, Gloucester, Gloucestershire GL1 3LZ	£1,489	89	2	Flat
£157K	01/23	0.39 mi	37, The Crescent, Gloucester, Gloucestershire GL1 3LF	£2,127	74	2	Flat
£132K	06/21	0.39 mi	38, The Crescent, Gloucester, Gloucestershire GL1 3LF	£1,791	74	2	Flat
£128K	06/23	0.39 mi	78, The Crescent, Gloucester, Gloucestershire GL1 3LF	£1,910	67	2	Flat
£106K	12/20	0.39 mi	31, The Crescent, Gloucester, Gloucestershire GL1 3LF	£1,472	72	2	Flat
£135K	12/21	0.43 mi	Flat 19, Bijou Court, Kingsholm Road, Gloucester, Gloucestershire GL1 3DJ	-	-	2	Flat
£150K	11/21	0.43 mi	Flat 18, Bijou Court, Kingsholm Road, Gloucester, Gloucestershire GL1 3DJ	-	-	2	Flat
£179.9K	02/23	0.46 mi	Flat 3, Chesmann Court, Estcourt Road, Gloucester, Gloucestershire GL1 3LY	-	-	2	Flat
£105K	05/23	0.78 mi	Flat 4, Brunswest Court, Parliament Street, Gloucester, Gloucestershire GL1 1YG	£2,561	41	2	Flat
£115K	10/21	0.79 mi	Flat 14, Lesanne Court, Parliament Street, Gloucester, Gloucestershire GL1 1YF	-	-	2	Flat
£180K	12/22	0.81 mi	4, Chillingworth Mews, Gloucester, Gloucestershire GL1 1HH	£2,647	68	2	Flat
£138K	11/22	0.87 mi	22, Alders Green, Gloucester, Gloucestershire GL2 9HJ	£2,509	55	2	Flat
£122K	02/23	0.94 mi	44, Bishops Castle Way, Gloucester, Gloucestershire GL1 4DP	-	-	2	Flat

Local Rents

42 rents from £850/mo to £2.2K/mo, average is £963/mo.

Rent	Date	Distance	Address	Beds	Type
£1,100	03/25	0.09 mi	-	2	Semi-Detached House
£915	05/24	0.09 mi	London Road , Kingsholm , Gloucester	2	Flat
£925	04/24	0.17 mi	Denmark Road, GL1	2	Flat
£950	03/25	0.26 mi	-	2	Flat
£875	04/24	0.27 mi	London Road, Gloucester, GL1	2	Flat
£1,050	05/24	0.29 mi	Swan Road, Gloucester	2	House
£1,050	05/24	0.29 mi	Swan Road, Gloucester	2	House
£950	04/24	0.31 mi	The Courtyard, London Road	2	Flat
£950	04/24	0.33 mi	Sebert Street, Gloucester	2	Terraced House
£875	04/24	0.33 mi	Worcester Street, Gloucester, GL1	2	Flat
£1,200	04/24	0.34 mi	-	2	Flat
£1,150	04/24	0.35 mi	Kew House, Pillowell Drive, GRH (Gloucestershire Royal Hospital), Gloucester, GL1	2	Flat
£945	04/24	0.37 mi	Victoria House, Mayhill Way	2	Flat
£850	05/24	0.39 mi	The Crescent, GL1	2	Flat
£1,000	05/24	0.4 mi	-	2	Flat
£1,000	04/24	0.41 mi	Kingsholm Road, Gloucester, GL1 3AZ	2	Flat
£1,250	04/24	0.43 mi	Market Parade, Gloucester	2	Flat
£875	04/24	0.43 mi	Worcester Street, Gloucester	2	Flat
£1,000	04/25	0.48 mi	-	2	Flat
£2,200	12/24	0.48 mi	-	2	Terraced House
£900	02/24	0.48 mi	-	2	Flat
£2,200	04/24	0.49 mi	Station Road, GLOUCESTER	2	House
£2,200	04/24	0.49 mi	Station Road, GLOUCESTER	2	House
£925	04/24	0.49 mi	Station Road, Gloucester, GL1	2	Flat
£925	04/24	0.49 mi	Station Road, Gloucester, GL1	2	Flat
£850	04/24	0.49 mi	Worcester Street, Gloucester	2	Flat
£1,150	04/25	0.49 mi	-	2	Flat
£915	04/24	0.51 mi	Hamer Street, Gloucester, GL1	2	Flat
£900	04/24	0.52 mi	-	2	Flat
£1,525	04/24	0.53 mi	St. Johns Lane, Gloucester	2	Flat
£1,195	01/25	0.54 mi	-	2	Flat
£850	04/24	0.56 mi	75-81 Eastgate Street, Gloucester	2	Flat
£1,000	05/24	0.56 mi	Eastgate Street, Gloucester	2	Flat
£1,100	05/24	0.56 mi	-	2	Flat
£1,100	04/25	0.56 mi	-	2	Flat
£1,475	04/24	0.57 mi	St. Johns Lane, Gloucester	2	Flat
£875	05/24	0.58 mi	-	2	Terraced House
£875	04/24	0.58 mi	Eastgate Street, Gloucester, GL1	2	Terraced House
£875	05/24	0.58 mi	Northgate Street, Gloucester, GL1	2	Flat
£975	03/24	0.6 mi	-	2	Terraced House
£1,325	04/24	0.6 mi	St. Johns Lane, Gloucester	2	Flat
£950	04/24	0.62 mi	Suffolk Drive, 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	0.20 miles away0.20 miles away
Nearest train station	0.42 miles away0.42 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

February 13, 2025

Floor Plans

Description

2 Bedroom Apartment +
Close To Town +
Garage +
Wonderfully Maintained +
Ground Floor +
Chain Free +

The Firs is a popular development of 18 flats situated in an established tree lined residential area. Gloucester city centre, the station and hospital are all within walking distance, and access to Cheltenham and the M5 are only a short drive. Accommodation compromises a generous sized entrance hallway with a storage cupboard, fitted kitchen, lounge diner, bathroom and two spacious bedrooms. The property is in good condition throughout and benefits from a garage. With the added benefit of gas central heating and double glazing throughout, residents are ensured a cosy and energy-efficient living environment all year round and is presented to the market with no onward chain,

EPC Rating: D

Agent Details

Move Sales & Lettings, Gloucester

01452 228754

Next Steps?

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