>
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 is a spacious seven-bedroom residence in a central location in Gloucester, with a self-contained studio flat at the rear offering additional income or flexible accommodation. The main house features a ground floor with two reception rooms, kitchen, shower room, and cellar, while the first and second floors have five additional bedrooms and two shower rooms. The property has been freshly painted and fitted with new carpets, but requires further refurbishment to fully realize its potential. With off-road parking for multiple vehicles, this property is ideal for investors seeking a ready HMO opportunity or homeowners looking to renovate a large city centre residence. The location is convenient for Gloucester's historic city centre and the popular Gloucester Quays shopping and leisure complex, with excellent transport links nearby, including Gloucester bus and train stations.