Pillowell Drive, Gloucester, GL1
- PROPERTY TYPE
Terraced
- BEDROOMS
12
- BATHROOMS
6
- SIZE
1,442 sq ft
134 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
- A rare pair of adjoining six-bedroom HMO townhouses, sold together as one substantial investment package
- Sold with tenants in situ and currently producing a gross annual income of £54,000 from day one
- Located close to Gloucester Royal Hospital, creating strong appeal for tenants working locally or needing easy access into the city
- Each property offers a practical HMO layout with kitchen diner, bathroom, shower room and en-suite facilities
- One property benefits from a conservatory, adding extra communal space and further tenant appeal
- Rear gardens, two garages and off-road parking provide valuable extras rarely found with this type of HMO investment
- 12 bedrooms arranged across two adjoining three-storey townhouses, creating a substantial HMO investment package in one purchase
- For Sale by Modern Auction – T & C’s apply, subject to reserve price, buyers fees apply
Description
5 & 7 Pillowell Drive, Gloucester, GL1 3NA
Modern Method Of Auction – Pair Of Six Bedroom HMO Townhouses
A rare chance to acquire two adjoining HMO townhouses, sold together as one lot and providing a total of 12 bedrooms across two three-storey properties. Sold with tenants in situ and currently producing a gross annual income of £54,000, this is a ready-made investment opportunity with income from day one.
5 Pillowell Drive – Six Bedroom HMO Townhouse
Arranged over three floors, this property offers six bedrooms, a kitchen diner, shower room, bathroom and en-suite. A strong, practical layout for HMO use, with generous bedroom sizes and established rental income already in place.
7 Pillowell Drive – Six Bedroom HMO Townhouse
Also arranged over three floors, this adjoining property offers a further six bedrooms, kitchen diner, shower room, bathroom and en-suite, along with the added benefit of a conservatory. Together, both properties create a substantial 12-bedroom investment package.
Rental & Investment Appeal
Current gross annual income of £54,000
Sold with tenants in situ, providing immediate income
Located close to Gloucester Royal Hospital
Strong appeal for HMO investors and portfolio landlords
Two adjoining properties sold as one lot
A ready-made, income-producing investment opportunity
External & Practical Benefits
Rear gardens to both properties
Two garages
Off road parking
UPVC double glazing
Gas radiator central heating
Mains gas, electric, water and drainage
Overall Opportunity
Ideal for investors seeking an established HMO portfolio addition
12 bedrooms across two adjoining townhouses
Income in place from day one
Attractive Gloucester location with strong rental demand
Offered for sale via Modern Method Of Auction
Auctioneers 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.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% 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. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
- 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.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- 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
Pillowell Drive, Gloucester, GL1
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Visit our security centre to find out moreDisclaimer - Property reference 7ddfb2e2-8f9b-4f2c-bd3d-57b24ae7bc60. 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 G.R. Estates, Normanby. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call G.R. Estates, Normanby on 01642 378022.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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