2 Bed Flat, Single Let, Gloucester, GL1 3LE, £150,000

Harescombe Drive, Gloucester, GL1 3LE - 1 views - 2 months ago

Sold STC
Leasehold
BTL
ROI: 9%
~68 m²
+7 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£144,897

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£850 - £2,200

Rent Estimate

£1,000

Running Costs/mo

£689

Cashflow/mo

£311

Cashflow/yr

£3,735

ROI

9%

Gross Yield

8%

Local Sold Prices

29 sold prices from £105K to £180K, average is £132.5K. £1.5K/m² to £2.7K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£132K06/210.07 mi38, The Crescent, Gloucester, Gloucestershire GL1 3LF2
£128K06/230.07 mi78, The Crescent, Gloucester, Gloucestershire GL1 3LF2
£106K12/200.07 mi31, The Crescent, Gloucester, Gloucestershire GL1 3LF2
£157K01/230.08 mi37, The Crescent, Gloucester, Gloucestershire GL1 3LF2
£150K07/230.09 miAlexandra House, 90, Pillowell Drive, Gloucester, Gloucestershire GL1 3LZ2
£132.5K12/220.09 miFinsbury House, 32, Pillowell Drive, Gloucester, Gloucestershire GL1 3LZ2
£140K02/210.29 miFlat 33, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE2
£125K09/210.29 miFlat 6, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE2
£128.5K06/230.29 miFlat 28, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE2
£156K02/230.35 mi6, Hillfield Court Road, Gloucester, Gloucestershire GL1 3QS2
£150K02/230.37 miFlat 6, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP2
£126K04/210.41 miFlat 11, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP2
£147K06/230.41 miFlat 11, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP2
£130K07/210.46 mi35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX2
£130K07/210.46 mi35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX2
£157K03/230.46 mi35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX2
£122K02/230.52 mi44, Bishops Castle Way, Gloucester, Gloucestershire GL1 4DP2
£154K08/210.7 miFlat 6, The Willows, Lansdown Road, Gloucester, Gloucestershire GL1 3LA2
£125.5K11/200.72 mi16, Overbrook Close, Gloucester, Gloucestershire GL4 3BQ2
£145.5K01/230.72 mi23, Overbrook Close, Gloucester, Gloucestershire GL4 3BQ2
£148.7K12/220.72 mi12, Overbrook Close, Gloucester, Gloucestershire GL4 3BQ2
£115K10/210.76 miFlat 14, Lesanne Court, Parliament Street, Gloucester, Gloucestershire GL1 1YF2
£105K05/230.77 miFlat 4, Brunswest Court, Parliament Street, Gloucester, Gloucestershire GL1 1YG2
£180K12/220.8 mi4, Chillingworth Mews, Gloucester, Gloucestershire GL1 1HH2
£115K01/210.83 mi98, Melbourne Street East, Gloucester, Gloucestershire GL1 4NR2
£122K06/230.84 miFlat 1, Archway House, Farm Street, Gloucester, Gloucestershire GL1 5AD2
£135K12/210.85 miFlat 19, Bijou Court, Kingsholm Road, Gloucester, Gloucestershire GL1 3DJ2
£150K11/210.85 miFlat 18, Bijou Court, Kingsholm Road, Gloucester, Gloucestershire GL1 3DJ2
£179.9K02/230.89 miFlat 3, Chesmann Court, Estcourt Road, Gloucester, Gloucestershire GL1 3LY2

Local Rents

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

RentDateDistanceAddressBeds 
£1,15004/240.09 miKew House, Pillowell Drive, GRH (Gloucestershire Royal Hospital), Gloucester, GL12
£85005/240.09 miThe Crescent, GL12
£1,20004/240.12 mi-2
£94504/240.14 miVictoria House, Mayhill Way2
£91504/240.16 miHamer Street, Gloucester, GL12
£97503/240.27 mi-2
£91505/240.33 miLondon Road , Kingsholm , Gloucester2
£92503/240.34 mi-2
£1,10003/250.34 mi-2
£92504/240.39 miStation Road, Gloucester, GL12
£92504/240.39 miStation Road, Gloucester, GL12
£95003/250.4 mi-2
£90004/240.44 mi-2
£2,20004/240.45 miStation Road, GLOUCESTER2
£2,20004/240.45 miStation Road, GLOUCESTER2
£87504/240.46 miLondon Road, Gloucester, GL12
£95004/240.47 miBarton/Tredworth, Gloucester2
£92504/240.48 miDenmark Road, GL12
£1,00004/250.48 mi-2
£90002/240.48 mi-2
£1,10004/240.49 miIndia Road, Gloucester, Gloucestershire, GL12
£1,10004/240.49 miIndia Road, Gloucester2
£95004/240.49 miThe Courtyard, London Road2
£1,00004/240.5 miSt. James Street, Gloucester2
£87505/240.51 mi-2
£87504/240.51 miEastgate Street, Gloucester, GL12
£95005/240.53 miBishop Castle Way. GL12
£1,25004/240.54 miMarket Parade, Gloucester2
£85004/240.54 mi75-81 Eastgate Street, Gloucester2
£1,00005/240.54 miEastgate Street, Gloucester2
£99503/250.55 mi-2
£1,20002/250.56 mi-2
£1,10005/240.58 mi-2
£1,10004/250.58 mi-2
£1,10004/250.61 mi-2
£87504/240.62 miWorcester Street, Gloucester2

Local Area Statistics

Population in GL1

34,172

Population in Gloucester

173,084

Town centre distance

0.63 miles away

Nearest school

0.20 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+21%

Sales demand

Balanced market

Capital growth (5yrs)

+37%

Property History

Listed for £150,000

February 15, 2025

Floor Plans

Description

  • No onward chain +
  • Two double bedroom apartment with en-suite to master +
  • Generous open plan living accommodation +
  • Single garage allocated to the property +
  • Conveniently located within close proximity of Gloucester Royal Hospital +
  • Potential rental income of £1000 pcm +
  • EPC rating C79 +
  • Gloucester City Council - Tax Band B (£1,662.93 per annum) 2024/2025 +

Brought to the market with no onward chain is this deceptively spacious first floor apartment situated in a popular city centre location. The apartment offers modern open plan living accommodation, ensuite to master bedroom and an allocated garage. Viewing is highly advised.

Entrance Hallway - Provides access to the kitchen living room, two double bedrooms and family bathroom. Storage cupboard and airing cupboard.

Kitchen / Living Room - Generously sized living dining space with windows to front aspect. The kitchen benefits from ample storage in a range of floor and eye level units accompanied by integrated appliances to include electric oven and four ring electric hob with extractor over. Additional space for fridge freezer and plumbing for dishwasher.

Master Bedroom - Double bedroom with windows to the front aspect.

En-Suite - White suite comprising WC, wash hand basin and shower enclosure.

Bedroom Two - Double bedroom with built in wardrobes. Window to front aspect.

Bathroom - Stylish bathroom suite providing wash hand basin, WC and bath with rainfall shower over. Tiled surround.

Outside - The property comes with a single garage which benefits from power and lighting. There is also one visitors parking permit which allows residents and visitors to park in the designated spaces.

Location - Within the heart of the historic Gloucester, close to the Royal Hospital, St James House is ideally located for easy access to the city alongside those looking commute through bus routes and the train station, housing a direct line to London Paddington. With a range of local amenities along London Road to include a general store, pub, hairdressers and service station, whilst additional superstores can be located throughout the city alongside both primary and secondary schooling.

Material Information - Tenure: Leasehold property with 999 years starting from 2006. Ground rent of £150.00 per annum paid to First Port whilst a service charge of £2728.34 per annum is payable to First port. All charges are reviewed every 12 months. (Information correct as of 13/2/25).

Local authority and rates: Gloucester City Council - Tax Band B (£1,662.93 per annum),
Electricity supply: Mains
Water supply: Mains
Sewerage: Mains
Heating: Electric
Broadband speed: Basic 14 Mbps, Superfast 71 Mbps - Highest available download speed.
Mobile phone coverage: EE, Vodafone, Three, O2.

Agent Details

Naylor Powell, Gloucester

01452 227846

Next Steps?

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