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8 bedroom semi-detached house for sale

Steam Mills, Cinderford, Gloucestershire, GL14

£540,000

Property Description

Key features

  • Tenanted investment property
  • 5.1% Gross Rental Yield
  • 27,600 rent per annum
  • + 29.86% HPI (last five years)

Full description

Tenure: Freehold

Cinderford is a small town on the eastern fringe of the Forest of Dean and is a commuter town to Gloucester which is around 14 miles to the east.

There are regular bus services from Cinderford to the nearby city of Gloucester. Gloucester is serviced by Gloucester railway station which is managed by Great Western Railway. Great Western Railway operates frequent train services to destinations such as London Paddington, Reading, Bristol and Cardiff Central. CrossCountry also has a line running from Cardiff to Nottingham, connecting this area to several destinations towards the north. The M5 motorway which runs east of the city links the southwest to the midlands.

Kings Square is a market square at the centre of town and connects the Kings Walk Shopping Centre with the Market Parade and The Oxbode. This area is known as the Kings Quarter and features a largely pedestrianised outdoor area. This area is filled with several high street favourites and small boutiques. In this area one will also find an array of bars and restaurants to cater for all of one’s dining needs. A short walk from this area is the newly built indoor Gloucester Quays Outlet which features high street and designer brands at discounted prices. There are multiple cultural attractions in the area also including Gloucester Cathedral and the museum of Gloucester.

Gloucester is historically known for its aerospace industry and is still home to Gloucester Aircraft Company and the GE Aviation Dowty Propellers plant and Messier-Dowty’s landing gear plants are on the outskirts of town. There are also job opportunities from large employers that have offices in town such as Ecclesiastical Insurance, Lloyds Banking, TSB Bank, EDF energy and many more.

This location could be ideal for young families seeking local educational options for their children. There are two primary schools in this town, Steam Mills Primary School and Forest View Primary school. The secondary school in town is The Forest High School, which is coeducational from 11-16.

2 x Semi-Detached House & 2 x Terraced House
8 bedrooms; 4 bathroom; 4 reception
Price: £540,000 Freehold
Rent: Rent: £2,300 pcm; £27,600 pa
Gross yield: 5.1%
Tenancy type: Varies
Tenancy start date: Varies
Tenancy end date: Varies
Deposit amount: TBC

VES-GL14-002

The details on this listing are still to be approved by the vendor.

The documents relating to the property are the latest available at the date of listing. Certain documents may expire or become inaccurate over time.

Please note that prospective buyers will be required to pay a fee of £900 per unit to Vesta upon acceptance of an offer on this property. The seller of the property will also pay a fee to Vesta.


Listing History

Added on Rightmove:
18 February 2019

Nearest station

  • Lydney (8.6 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Vesta, London

29 Charlotte Road London EC2A 3PF

020 3858 9843 Local call rate

How much will it cost me to call the number displayed on the site?

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Floorplans


To view this property or request more details, contact:

Vesta, London

29 Charlotte Road London EC2A 3PF

020 3858 9843 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Lydney (8.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Vesta, London

29 Charlotte Road London EC2A 3PF

020 3858 9843 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference VES-GL14-002. 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 Vesta, London. 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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