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13 bedroom terraced house for sale
Worcester Street, Gloucester, Gloucestershire, GL1
£950,000
Worcester Street, Gloucester, Gloucestershire, GL1
£950,000
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 offers a 5-story building with 13 large en-suite bedrooms, all with kitchen appliances, and some with kitchenettes. The property has been refurbished to a high standard, with potential to create a communal kitchen/lounge area, additional bathrooms/lounges, and kitchens. The two large basements include a commercial kitchen, bar area, and additional rooms, with the potential to create a HMO once fully licensed and applied for. The property features a 3-phase electric supply, gas central heating, and a private car park for approximately 10 vehicles. The estimated rental value for the double en-suite rooms is £750 per month each, with potential to split rooms and achieve £600 per month for rooms without en-suites. Overall, this property offers a significant earning potential of £9,750 per month, with room for further improvements and expansion. Located in central Gloucester, just a short walk from transport links and local amenities, this property is an exciting opportunity for investors.