London Road, Gloucester
- PROPERTY TYPE
Apartment
- BEDROOMS
6
- BATHROOMS
3
- SIZE
1,471 sq ft
137 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 2 x Three Bedroom Split Level Apartments
- Freehold Purchase
- Currently Achieving £25,200 per annum (£1000 & £1100pcm)
- Gross Yield of 7.2%
- Spacious Accommodation - 1471 Sq Ft Over Four Floors
- Walking Distance To Hospital, University and City Centre
- Possible HMO Conversion (STPP) for Increased Returns
- Strong Potential for Rental Uplift and Long-Term Growth
- EPC Rating: D
Description
The property is being sold with tenants in situ, providing an immediate and established rental income of approximately £25,200 per annum. Based on a purchase price of £350,000, this represents an attractive gross yield of approximately 7.2%, making this an excellent opportunity for both seasoned and first-time investors seeking a strong, income-generating asset.
Further enhancing its appeal, the property also offers clear potential for future uplift, with scope to review rental levels over time and explore alternative strategies, subject to the necessary permissions, including possible conversion to an HMO to maximise returns.
This is a rare opportunity to acquire a turnkey investment in a consistently high-demand rental location, combining strong current income with excellent long-term growth prospects. Early viewing is highly recommended.
Call To View:
Local Authority - Gloucester City Council
51 London Rd: Council Tax Band: A
51a London Rd: Council Tax Band: A
Tenure - Freehold
Both Apartments have leases dated from the 1st of May 2007 to and including the 31st of March 2104
Services - Mains water, gas, electricity and drainage.
Awaiting Vendor Approval - These details are yet to be approved by the vendor and may be subject to change. Please contact the office for more information.
Brochures
London Road, GloucesterBrochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: D
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
London Road, Gloucester
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About Murdock & Wasley Estate Agents, Gloucestershire
10a Old Cheltenham Road Longlevens Gloucester GL2 0AW
Affordability
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Visit our security centre to find out moreDisclaimer - Property reference 34612357. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Murdock & Wasley Estate Agents, Gloucestershire. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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