- Eight-bedroom terraced property, including self-contained studio flat +
- Former HMO licence (expired April 2025) – strong investment potential +
- Essential safety upgrades: fire alarm system and current EICR in place +
- Freshly painted and carpeted; requires further renovation for residential use +
- Off-road parking for multiple vehicles +
- EPC rating: D +
The property comprises seven bedrooms across the main house, with two reception rooms, kitchen, and shower room on the ground floor, plus a cellar offering further potential living space. Upstairs features five additional bedrooms and two shower rooms across the first and second floors. At the rear, a self-contained studio flat benefits from its own private garden and entrance, offering additional income or flexible accommodation.
Previously licensed as an HMO (license expired 01/04/2025), the property comes with essential safety upgrades including a recently installed fire alarm system and a current Electrical Installation Condition Report (EICR). While the property has been freshly painted and fitted with new carpets, it requires further refurbishment to fully realise its potential as a comfortable residential home.
Off-road parking is provided for multiple vehicles, a significant benefit in this central location close to Gloucester Quays shopping and leisure area. Excellent transport links include Gloucester train and bus stations, offering direct routes to London and beyond.
Accommodation Breakdown:
Ground Floor: Entrance hall, two reception rooms (convertible to bedrooms), kitchen, shower room, cellar
First Floor: Three bedrooms, shower room
Second Floor: Two bedrooms
Rear: Self-contained studio flat with private garden and separate entrance
Investment Potential:
Guide price: £425,000
Estimated potential rental income: Approximately £4,500 pcm
Gross rental yield: Approximately 12.7%
Location:
Positioned centrally on Cromwell Street, the property offers convenient access to Gloucester’s historic city centre and the popular Gloucester Quays shopping and leisure complex. Transport links nearby include Gloucester bus and train stations, providing easy connections to London Paddington and other major cities.
Summary:
Offering flexible living arrangements and strong rental potential, this property is well suited to investors seeking a ready HMO opportunity or homeowners looking to renovate a large city centre residence. Early viewing is highly recommended.