Worcester Street, Gloucester, GL1

ATTENTION INVESTORS – We are delighted to present to the market a superb investment opportunity offering exceptional rental yields and strong long-term potential. This impressive six-bedroom HMO (House in Multiple Occupation) also includes a fully self-contained one-bedroom basement flat, providing dual-income potential in a highly desirable location.

Positioned just a short walk from the town centre, mainline train and bus stations, and within close proximity to the local college and with easy access to Hartpury College, this property is ideally located to attract both students and professionals. Its prime location ensures consistently high occupancy rates, making it a highly reliable income-generating asset.

The main house comprises six generously sized double bedrooms, all fully furnished and presented to a high standard. The communal areas are spacious and thoughtfully designed for shared living, including a large open-plan living/dining room and a modern kitchen equipped with built-in appliances and ample cupboard space. Two well-appointed bathroom suites serve the household, offering convenience and functionality for tenants.

The basement flat is a standout feature, boasting its own private entrance, independent heating system, and separate electricity supply. This self-contained unit features a spacious open-plan kitchen, dining, and living area, as well as a large double bedroom that comfortably accommodates a king-size bed along with substantial storage space. Ideal for letting separately, this flat provides an excellent opportunity to maximize rental income while keeping utility costs and management streamlined.

Another significant advantage of this investment is its cost-efficiency for both landlord and tenants. Utility bills for the main house—gas, electricity, and water—are capped, providing cost certainty and easy budgeting. In addition, as the property is primarily let to students, it is exempt from council tax, which further enhances the net rental return and simplifies tenancy management.

The exterior of the property has been designed with low maintenance in mind. The front approach is neatly laid with concrete slabs for easy upkeep. To the rear, the main house enjoys a private, enclosed garden featuring a small area of artificial grass and a patio—perfect for tenants to enjoy the outdoors. Beyond the garden, and separated by a timber fence, lies a generous off-road parking area capable of accommodating up to four vehicles—a highly attractive feature for tenants with cars.

For those looking to increase the property’s value and earning potential, the home also benefits from an undeveloped attic space. This area offers excellent potential for conversion into an additional large double bedroom, possibly with an en-suite bathroom (subject to the necessary planning consents), further boosting both rental income and overall property value.

In summary this property presents a rare and lucrative opportunity for investors seeking a high-yield, low-vacancy asset in a thriving rental market. With consistent tenant demand, capped utilities, no council tax liability (for student lets), and additional development potential, it offers a compelling and hands-off investment proposition.

Don’t miss out – properties of this size, quality, and location with dual-income streams and such strong returns are few and far between. Contact us today to arrange a viewing or request further information.