2 bedroom flat for sale

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2 bedroom flat for sale

Hucclecote Road, Gloucester, Gloucestershire GL3
£150,000

Our Summary

  • ***Investment Opportunity, offering +7% / 8% Rental Yield***
  • The property comes with the added benefit of longstanding tenants in situ who have no intention of leaving, and the garage is currently not included in the current tenancy agreement, offering additional rental income potential

Description

This 2-bedroom top-floor flat in Cedars Court, Gloucester, offers a lucrative investment opportunity with a potential rental yield of +7% to +8%. The property features a spacious lounge reception, two good-sized double bedrooms, one with built-in wardrobes, a fitted kitchen, and a shower room. With off-road parking, a garage, and communal gardens, the property is conveniently located near local amenities, the city center, and mainline commuter links. The current tenants have no intention of leaving, and the garage is not included in the current tenancy agreement, offering additional rental income potential. The property benefits from mains electric and water supplies, and the remaining lease length is 940 years. With a service charge of £1800 per annum and a ground rent of £1 per annum, this property presents a solid investment opportunity for those looking to generate a steady income.