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Cromwell Street, Gloucester, GL1 8 bed terraced house for sale
Cromwell Street, Gloucester, GL1
£400,000
Cromwell Street, Gloucester, GL1
£400,000
Our Summary
- The property comprises seven bedrooms across the main house, with two reception rooms, kitchen, and shower room on the ground floor, plus a cellar offering further potential living space
- While the property has been freshly painted and fitted with new carpets, it requires further refurbishment to fully realise its potential as a comfortable residential home
- Accommodation Breakdown:Ground Floor: Entrance hall, two reception rooms (convertible to bedrooms), kitchen, shower room, cellarFirst Floor: Three bedrooms, shower roomSecond Floor: Two bedroomsRear: Self-contained studio flat with private garden and separate entranceInvestment Potential:Guide price: £425,000Estimated potential rental income: Approximately £4,500 pcmGross rental yield: Approximately 12
- Summary:Offering flexible living arrangements and strong rental potential, this property is well suited to investors seeking a ready HMO opportunity or homeowners looking to renovate a large city centre residence
- Former HMO licence (expired April 2025) – strong investment potential
- Freshly painted and carpeted; requires further renovation for residential use
Description
This property, located in the heart of Gloucester, offers a unique blend of residential and investment opportunities. The main house features seven bedrooms, two reception rooms, a kitchen, and a shower room on the ground floor, with additional bedrooms and shower rooms on the first and second floors. The property also includes a self-contained studio flat with its own private garden and entrance, providing additional income or flexible accommodation. With a guide price of £425,000, the property offers an estimated potential rental income of approximately £4,500 per month, yielding around 12.7%. The property has been recently painted and fitted with new carpets, but requires further refurbishment to fully realize its potential. With off-road parking for multiple vehicles and excellent transport links to London and beyond, this property is well-suited for investors or homeowners looking for a large city centre residence with strong rental potential.