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8 bed terraced house
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Price History
Our Summary
- Former HMO licence (expired April 2025) – strong investment potential
- Freshly painted and carpeted; requires further renovation for residential use
- 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
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Description
This property, located in the heart of Gloucester, offers a unique opportunity for investors or homeowners looking to renovate a large city centre residence. The property comprises seven bedrooms across the main house, with a self-contained studio flat at the rear, providing additional income or flexible accommodation. The main house features two reception rooms, a kitchen, and shower room on the ground floor, with five additional bedrooms and two shower rooms on the first and second floors.
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 and excellent transport links, this property is well-suited for those looking for a comfortable residential home or a lucrative rental investment opportunity. With a guide price of £425,000 and an estimated potential rental income of approximately £4,500 per month, this property offers a gross rental yield of approximately 12.7%.
Early viewing is highly recommended.