6 Bed HMO, Gloucester, GL1 3HF £325,000

London Road, Gloucester, GL1 3HF - 12 views - 8 months ago
Sold STC
HMO
ROI: 11%
~186 m²
Property image

ValuationUndervalued

Sold Prices£250K - £712K
Sold Prices/m²£1.1K/m² - £3.2K/m²

 

 

Square Metres

~186 m²
Price/m²£1.7K/m²

Value Estimate

£396,500
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£23,700

Total Cash In

£104,950

 

 

Cash Out

 

Room Rate

£556

Gross Rent

£3,336

Running Costs/mo

£2,381

Cashflow/mo

£955

Cashflow/yr

£11,459

ROI

11%

Gross Yield

12%

Local Sold Prices

11 sold prices from £250K to £712K, average is £395K. £1.1K/m² to £3.2K/m², average is £2.8K/m².

Price
Date
Distance
Address
Beds
 
£425K09/210.06 mi104, London Road, Gloucester, Gloucestershire GL1 3PL6
£712K04/230.22 miDanebury, 13, Denmark Road, Gloucester, Gloucestershire GL1 3HZ6
£425K06/210.39 mi55, Denmark Road, Gloucester, Gloucestershire GL1 3JJ6
£311K03/250.48 mi6, Malvern Road, Gloucester GL1 3JT6
£311K03/250.48 mi6, Malvern Road, Gloucester GL1 3JT6
£280K12/221.31 mi18, King Edwards Avenue, Gloucester, Gloucestershire GL1 5DB6
£250K02/231.54 mi205, Linden Road, Gloucester, Gloucestershire GL1 5DU6
£440K06/211.82 mi82, Tuffley Avenue, Gloucester, Gloucestershire GL1 5LZ6
£310K03/251.86 mi16, Grebe Close, Gloucester GL4 4XL6
£495K01/232 mi21, The Gallops, Hempsted, Gloucester, Gloucestershire GL2 5GB6
£395K08/252.25 mi1, Faldo Close, Gloucester GL4 5BN6

Local Area Statistics

Population in GL1

34,172

Population in Gloucester

173,084

Town centre distance

0.92 miles away

Nearest school

0.30 miles away

Nearest train station

0.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Price changed to £325,000

May 15, 2025

Listed for £350,000

March 13, 2025

Floor Plans

Property image

Description

  • Six Bedrooms +
  • HMO +
  • Very Central Location +
  • 11.4% Yield Based on Asking Price +
  • On Bus Route +
  • 0.2 Miles from Hospital +

This imposing town house boasts a staggering six beds and has been run as a very successful HMO for many years.

In today's market, the property would generate in excess of £40,000 in rental income per annum, thus generating a yield of 11.4% based on selling at the asking price.

The central location, means that tenants would inevitably be young professionals, most probably working at the hospital with is just 0.2 miles, door to door. There is also a bus service directly outside, going either into Gloucester one way or into Cheltenham, the other.

There is permit parking available on neighbouring side streets for a nominal fee and also an enclosed courtyard garden to the rear of the house.

Offered to the market with NO ONWARD CHAIN, this is an investors dream and must be a consideration for any speculators looking in this location. Call de Mel Property now for your appointment to view.

Agent Details

de Mel Property, Cheltenham

01242 903665

Next Steps?

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