2 Bed Flat, Single Let, Gloucester, GL1 3PP, £129,000

5 Silverdale Parade, Hillview Road, Hucclecote, GL3 3LA - 1 views - 2 months ago

Leasehold

BTL

ROI: 9%

~68 m²

+9 photos

ValuationUndervalued

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

Square Metres	~68.11 m²
Price/m²	£1.9K/m²
Value Estimate	£144,897£144,897
BMV	12%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£32,250£32,250
Stamp Duty & Legal Fees	£5,070£5,070
Total Cash In	£37,320£37,320

Cash Out
Rent Range	£750 - £2,200£750 - £2,200
Rent Estimate	£863
Running Costs/mo	£596£596
Cashflow/mo	£267£267
Cashflow/yr	£3,207£3,207
ROI	9%9%
Gross Yield	8%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.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£132K	06/21	0.11 mi	38, The Crescent, Gloucester, Gloucestershire GL1 3LF	£1,791	74	2	Flat
£128K	06/23	0.11 mi	78, The Crescent, Gloucester, Gloucestershire GL1 3LF	£1,910	67	2	Flat
£106K	12/20	0.11 mi	31, The Crescent, Gloucester, Gloucestershire GL1 3LF	£1,472	72	2	Flat
£157K	01/23	0.12 mi	37, The Crescent, Gloucester, Gloucestershire GL1 3LF	£2,127	74	2	Flat
£150K	07/23	0.13 mi	Alexandra House, 90, Pillowell Drive, Gloucester, Gloucestershire GL1 3LZ	£1,765	85	2	Flat
£132.5K	12/22	0.13 mi	Finsbury House, 32, Pillowell Drive, Gloucester, Gloucestershire GL1 3LZ	£1,489	89	2	Flat
£140K	02/21	0.34 mi	Flat 33, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE	-	-	2	Flat
£125K	09/21	0.34 mi	Flat 6, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE	-	-	2	Flat
£128.5K	06/23	0.34 mi	Flat 28, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE	-	-	2	Flat
£156K	02/23	0.39 mi	6, Hillfield Court Road, Gloucester, Gloucestershire GL1 3QS	£2,690	58	2	Flat
£150K	02/23	0.42 mi	Flat 6, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP	-	-	2	Flat
£126K	04/21	0.45 mi	Flat 11, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP	-	-	2	Flat
£147K	06/23	0.45 mi	Flat 11, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP	-	-	2	Flat
£122K	02/23	0.48 mi	44, Bishops Castle Way, Gloucester, Gloucestershire GL1 4DP	-	-	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
£125.5K	11/20	0.71 mi	16, Overbrook Close, Gloucester, Gloucestershire GL4 3BQ	£2,164	58	2	Flat
£145.5K	01/23	0.71 mi	23, Overbrook Close, Gloucester, Gloucestershire GL4 3BQ	£2,675	54	2	Flat
£148.7K	12/22	0.71 mi	12, Overbrook Close, Gloucester, Gloucestershire GL4 3BQ	£2,520	59	2	Flat
£154K	08/21	0.74 mi	Flat 6, The Willows, Lansdown Road, Gloucester, Gloucestershire GL1 3LA	-	-	2	Flat
£115K	10/21	0.75 mi	Flat 14, Lesanne Court, Parliament Street, Gloucester, Gloucestershire GL1 1YF	-	-	2	Flat
£105K	05/23	0.76 mi	Flat 4, Brunswest Court, Parliament Street, Gloucester, Gloucestershire GL1 1YG	£2,561	41	2	Flat
£115K	01/21	0.78 mi	98, Melbourne Street East, Gloucester, Gloucestershire GL1 4NR	£1,709	67	2	Flat
£180K	12/22	0.78 mi	4, Chillingworth Mews, Gloucester, Gloucestershire GL1 1HH	£2,647	68	2	Flat
£122K	06/23	0.81 mi	Flat 1, Archway House, Farm Street, Gloucester, Gloucestershire GL1 5AD	-	-	2	Flat
£135K	12/21	0.88 mi	Flat 19, Bijou Court, Kingsholm Road, Gloucester, Gloucestershire GL1 3DJ	-	-	2	Flat
£150K	11/21	0.88 mi	Flat 18, Bijou Court, Kingsholm Road, Gloucester, Gloucestershire GL1 3DJ	-	-	2	Flat
£179.9K	02/23	0.93 mi	Flat 3, Chesmann Court, Estcourt Road, Gloucester, Gloucestershire GL1 3LY	-	-	2	Flat

Local Rents

39 rents from £750/mo to £2.2K/mo, average is £950/mo.

Rent	Date	Distance	Address	Beds	Type
£1,150	04/24	0.13 mi	Kew House, Pillowell Drive, GRH (Gloucestershire Royal Hospital), Gloucester, GL1	2	Flat
£850	05/24	0.13 mi	The Crescent, GL1	2	Flat
£1,200	04/24	0.17 mi	-	2	Flat
£915	04/24	0.18 mi	Hamer Street, Gloucester, GL1	2	Flat
£945	04/24	0.18 mi	Victoria House, Mayhill Way	2	Flat
£975	03/24	0.23 mi	-	2	Terraced House
£925	03/24	0.3 mi	-	2	Terraced House
£915	05/24	0.37 mi	London Road , Kingsholm , Gloucester	2	Flat
£925	04/24	0.38 mi	Station Road, Gloucester, GL1	2	Flat
£925	04/24	0.38 mi	Station Road, Gloucester, GL1	2	Flat
£1,100	03/25	0.38 mi	-	2	Semi-Detached House
£950	03/25	0.42 mi	-	2	Flat
£950	04/24	0.43 mi	Barton/Tredworth, Gloucester	2	Terraced House
£900	04/24	0.43 mi	-	2	Flat
£2,200	04/24	0.44 mi	Station Road, GLOUCESTER	2	House
£2,200	04/24	0.44 mi	Station Road, GLOUCESTER	2	House
£1,100	04/24	0.44 mi	India Road, Gloucester, Gloucestershire, GL1	2	Terraced House
£1,100	04/24	0.45 mi	India Road, Gloucester	2	Terraced House
£1,000	04/24	0.46 mi	St. James Street, Gloucester	2	Flat
£1,000	04/25	0.47 mi	-	2	Flat
£900	02/24	0.47 mi	-	2	Flat
£875	04/24	0.48 mi	London Road, Gloucester, GL1	2	Flat
£875	05/24	0.49 mi	-	2	Terraced House
£875	04/24	0.49 mi	Eastgate Street, Gloucester, GL1	2	Terraced House
£950	05/24	0.49 mi	Bishop Castle Way. GL1	2	Flat
£950	04/24	0.51 mi	The Courtyard, London Road	2	Flat
£1,200	02/25	0.52 mi	-	2	Terraced House
£925	04/24	0.52 mi	Denmark Road, GL1	2	Flat
£850	04/24	0.53 mi	75-81 Eastgate Street, Gloucester	2	Flat
£1,000	05/24	0.53 mi	Eastgate Street, Gloucester	2	Flat
£1,250	04/24	0.54 mi	Market Parade, Gloucester	2	Flat
£995	03/25	0.56 mi	-	2	Flat
£1,100	05/24	0.57 mi	-	2	Flat
£1,100	04/25	0.57 mi	-	2	Flat
£825	04/24	0.58 mi	Albany Street, Gloucester. GL1	2	Flat
£1,100	04/25	0.59 mi	-	2	Flat
£900	04/24	0.61 mi	Kiln Close, Gloucester, GL1 1GH	2	Flat
£1,800	04/25	0.62 mi	-	2	Flat
£750	03/25	0.62 mi	-	2	Terraced House

Local Area Statistics

Population in GL1	34,17234,172
Population in Gloucester	173,084173,084
Town centre distance	0.58 miles away0.58 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 £129,000

February 21, 2025

Floor Plans

Description

Two bedrooms +
Ground floor apartment +
Allocated parking space, permit will be needed +
Ensuite to master +
Close to the city centre +
No pets +
Ground rent: £193.06 per annum +
Service charge: £2,326.20 per annum +
Lease length: 101 years +
Council tax band B +

Brought to the market with no onward chain, is this spacious two-bedroom ground floor apartment in Gloucester.

The property briefly consists of an entrance hall, kitchen, living room, two double bedrooms with ensuite to the master, and family bathroom.
To the outside there is an allocated parking space (permit needed) and communal gardens.

Additional benefits include being situated close to various local amenities including Gloucester Hospital and Gloucester City Centre.

Tenure: Leasehold
EPC: C
Council Tax Band: B
Lease length: 101 years
Ground Rent: £193.06 per annum
Service charge: £2,326.20 per annum