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13 bedroom terraced house for sale
Worcester Street, Gloucester, Gloucestershire, GL1
£1,100,000
Worcester Street, Gloucester, Gloucestershire, GL1
£1,100,000
Our Summary
- A rare and fantastic investment opportunity to purchase a 13 bedroom property in the popular location of Gloucester - chain free
- This has huge potential to create a communal kitchen/ lounge area
- This property has recently been refurbished to a high standard – however there is the opportunity to do further works to increase the value
- There is the potential in separating the rooms and creating additional communal bathrooms/lounges and kitchens
- There is the potential in created a HMO once fully licenced and applied for
- These rooms are large and there is the potential for them to be split into separate rooms
- This property is offered through Modern Method of Auction
Description
This rare and fantastic investment opportunity in Gloucester presents a 13-bedroom property, chain-free, with huge potential for growth and development. The 5-story building boasts 13 large en-suite bedrooms, some with kitchenettes, and a large utility room that could be converted into a communal kitchen/lounge area. The property has been recently refurbished to a high standard, with the potential to further increase its value by separating rooms and creating additional bathrooms, lounges, and kitchens. With a 3-phase electric supply and gas central heating throughout, the property is well-equipped for a high-rental income. The estimated rental value for the double en-suite rooms is £9750 per month, without considering the potential for additional rooms or improvements. The property is located in central Gloucester, close to transport links and local amenities, making it an attractive investment opportunity for those looking to capitalize on the city's growing popularity.