6 Bed HMO, Gloucester, GL1 1RA £260,000

Wellington Street, Gloucester, GL1 1RA - 19 views - 8 months ago
Auction
HMO
ROI: 14%
~186 m²
Property image

ValuationUndervalued

Sold Prices£250K - £712K
Sold Prices/m²£1.1K/m² - £7K/m²

 

 

Square Metres

~186 m²
Price/m²£1.4K/m²

Value Estimate

£341,600
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£19,200

Total Cash In

£84,200

 

 

Cash Out

 

Room Rate

£546

Gross Rent

£3,276

Running Costs/mo

£2,144

Cashflow/mo

£1,132

Cashflow/yr

£13,578

ROI

16%

Gross Yield

15%

Local Sold Prices

12 sold prices from £250K to £712K, average is £410K. £1.1K/m² to £7K/m², average is £2.9K/m².

Price
Date
Distance
Address
Beds
 
£280K12/220.67 mi18, King Edwards Avenue, Gloucester, Gloucestershire GL1 5DB6
£425K09/210.69 mi104, London Road, Gloucester, Gloucestershire GL1 3PL6
£425K06/210.7 mi55, Denmark Road, Gloucester, Gloucestershire GL1 3JJ6
£712K04/230.72 miDanebury, 13, Denmark Road, Gloucester, Gloucestershire GL1 3HZ6
£311K03/250.85 mi6, Malvern Road, Gloucester GL1 3JT6
£311K03/250.85 mi6, Malvern Road, Gloucester GL1 3JT6
£250K02/230.97 mi205, Linden Road, Gloucester, Gloucestershire GL1 5DU6
£440K06/211.14 mi82, Tuffley Avenue, Gloucester, Gloucestershire GL1 5LZ6
£495K01/231.28 mi21, The Gallops, Hempsted, Gloucester, Gloucestershire GL2 5GB6
£310K03/251.8 mi16, Grebe Close, Gloucester GL4 4XL6
£395K08/252.41 mi1, Faldo Close, Gloucester GL4 5BN6
£650K02/232.79 miOrchard Cottage, Church Lane, Whaddon, Gloucester, Gloucestershire GL4 0UE6

Local Area Statistics

Population in GL1

34,172

Population in Gloucester

173,084

Town centre distance

0.58 miles away

Nearest school

0.30 miles away

Nearest train station

0.22 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Price changed to £260,000

September 12, 2025

Price changed to £270,000

July 26, 2025

Price changed to £280,000

June 20, 2025

Listed for £270,000

March 19, 2025

Floor Plans

Property image

Description

  • Being Sold Via The Modern method Of Auction +
  • 6 Bedroom HMO +
  • Town Centre location +
  • Chain Free +
  • Two Fully Fitted Kitchens +
  • Three Bathroom Suites +
  • Council tax band B £1,747.01 per annum +
  • EPC - D +

Being Sold Via The Modern method Of Auction

This large property benefits from two large communal kitchens on the ground floor that are both fully fitted with ample wall and base units, built in oven and hob, breakfast bar, fridge, freezer and all utensils. There is a separate utility room fitted with washing machines / tumble drier and shelving. The large living room is located at the rear of the property and benefits from sofas and dining table and chairs.

Two of three bathrooms are located on the ground floor. They are both fitted with WC, hand wash basin and shelving. One bathroom has a shower cubicle, the other has a bath with shower over. The third bathroom is located on the second floor and is, again, fitted with a WC, hand wash basin and shower cubicle.

Further benefits include; X2 kitchens, X3 bathrooms and a spacious living/dining area. Auctioneer's Comments

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Please contact Move for further information.

A holding deposit equivalent of one week’s rent is required to secure the property. This amount goes towards the first month’s rent. Deposit payable will be equivalent to five weeks rent.

EPC Rating: D

Agent Details

Move Sales & Lettings, Gloucester

01452 228754

Next Steps?

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