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Cromwell Road, Gloucester, GL1 8 bed terraced house for sale
Cromwell Road, Gloucester, GL1
£425,000
Cromwell Road, Gloucester, GL1
£425,000
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 seven-bedroom residence with a self-contained studio flat, located in the heart of Gloucester city centre. The main house features two reception rooms, a kitchen, and a shower room on the ground floor, with five additional bedrooms and two shower rooms on the first and second floors. The property has been partially refurbished, with new carpets and freshly painted walls, but requires further work to realize its full potential. It previously held an HMO license, which has expired, and comes with essential safety upgrades, including a fire alarm system and EICR. The property offers off-road parking for multiple vehicles and is close to Gloucester Quays shopping and leisure area, as well as excellent transport links to London and beyond. With an estimated potential rental income of £4,500 per month and a gross rental yield of 12.7%, this property is an attractive investment opportunity or a large family home.