Hempsted, Gloucester

Offered for sale with no onward chain is this modern end of terrace town house. It is situated in the popular Hempsted area of Gloucester.

The property could suit someone looking to purchase a property to live in as a family home. We feel the likely rental price for the property is £1,400 to £1,500 pcm. A rental price of £1,500 pcm and a purchase price of £295,000 gives a rental yield of 6.1%

Should someone wish to purchase the property as a HMO, until fairly recently, it was used in exactly that way. As a 'five-way' HMO it was generating £2,025 pcm for ten months of the year. A rental price of £20,250 pa (£2,025 pcm over 10 months) and a purchase price of £295,000 gives a rental yield of 6.86%

The current owners ensured the property was set up correctly for use as a HMO with the appropriate items in place such as the correct specification of fire alarm etc. A prospective purchaser would need to apply for their own HMO licence.

The figures we have been given by the current owners for each room are:

£450.00: First floor large double bedroom without an en-suite (Bedroom 5)
£450.00: Second floor double bedroom with an en-suite (Bedroom 1)
£400.00: First floor double bedroom with an en-suite (Bedroom 2)
£375.00: Second floor double bedroom without an en-suite
£350.00: Second floor small double/large single without an en-suite

£2,025.00: Total per month for ten months of the year

GROUND FLOOR
There is a hallway where there is a cloakroom and stairs to the upper floors. There is an 18'1 x 10'3 room which was used as a communal living room. If it were to be used as a family home, it could be used as a living room, a dining room or a family room. The kitchen/dining room measures 18'1 x 9'6 and has a separate utility area as well as doors out to the garden and space for a dining table and chairs.

FIRST FLOOR
There is the 18'1 x 10'3 room which was used as a fifth bedroom. If it were to be used as a family home this room could be used as a living room. Also on this floor is the 11'5 (excluding wardrobes) x 9'8 second bedroom which has an en-suite shower.

SECOND FLOOR
On this floor is the main bathroom and the 11'4 (excluding wardrobes) x 10'3 bedroom which is marked as bedroom 1 on the floorplan and has an en-suite shower. Finally on this floor are the 910 x 9'4 third bedroom and the 7'9 x 9'4 fourth bedroom.

GENERAL AND OUTSIDE
The property has gas central heating, double glazing and off road parking. There is a 16'9 garage and a garden that is arranged for low maintenance.

AREA
The Hempsted area offers local amenities to include a popular primary school, a shop/post office and a church as well as being within reach of the city itself and the historic docks plus the 'Gloucester Quays' designer outlet as well as the antiques centre, Sainsburys supermarket and the multi-screen cinema. Finally for those buyers looking to commute the M5 motorway (Junction 12) is also within reach.