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12 bed property, in Pillowell Drive, £475,000
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12 bed terraced house

Pillowell Drive, Gloucester GL1
Auction
£475,000

Our Summary

  • For Sale by Modern Auction – T & C’s apply, subject to reserve price, buyers fees apply
  • 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
  • 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")

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Description

The property is a pair of six-bedroom HMO townhouses, sold together as one lot, located at 5 and 7 Pillowell Drive, Gloucester. Each property is three-storey and offers six bedrooms, a kitchen diner, a bathroom, an en-suite, and a shower room. Additional features include a conservatory in one property, UPVC double glazing, gas radiator central heating, and mains gas, electric, water, and drainage.

The rear gardens, two garages, and off-road parking provide practical benefits.