2-bedroom flat · GL4 5TE
Listing removedReduced £10k (−7.1%) on 16 OctListed 263 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold This beautifully presented two-bedroom ground floor apartment is located in the popular Abbeymead area of Gloucester and is ideal for first-time buyers, downsizers, or investors alike.
Recently painted throughout, the property offers generous living accommodation with excellent natural light flowing through all rooms, creating a bright and welcoming atmosphere.
The flat features a modern, well-appointed kitchen and a good-sized contemporary bathroom.
The main bedroom is well proportioned with a large, dual aspect window, and the second bedroom offers fantastic flexible space for a home office or guest room if required.
The property also features a spacious in-built storage cupboard, providing plenty of room to store all of life’s’ belongings.
Further benefits include an assigned off-road parking space and access to well-maintained communal outdoor areas.
Immediately adjacent to the property are large open green spaces and attractive parks, which are ideal to explore throughout the year.
The apartment is also conveniently situated close to highly regarded local schools, shops such as Tesco Express and Morrisons, and amenities such as a large doctors’ surgery and well regarded pubs, including the popular Turmut Hoer, the property also enjoys excellent transport links to both Gloucester and Cheltenham, as well at the expansive Gloucester Quays Shopping Centre making it perfect for commuters and shoppers alike.
An attractive, move-in-ready home in a sought-after location-early viewing is highly recommended to appreciate the condition and location this excellent property has to offer.
Potential rental value of £995pcm. Please contact Michael Tuck Lettings in Abbeymead on for further information.
Lounge/Diner (4.62m x 3.61m) Kitchen (3.30m x 1.52m) Bedroom 1 (3.61m x 2.54m) Bedroom 2 (2.18m x 2.13m) Bathroom (2.06m x 1.85m) Additional Information From Vendor - Tenure: Leasehold.
- Lease expiry: 1st January 2131. - Management Company: First Port. - Most recent Service charge on the property: £1756.04, charged in two half-yearly charges of £878.02.
- Most recent Ground Rent for the property: £291.42, charged in two half-yearly charges of £145.71. Utilities: Electricity: Mains. Water: Mains. Sewerage: Mains. Broadband: Fibre to cabinet
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About 5a Stonebrack Piece, Gloucester
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