2-bedroom flat · GL1 3LE
Listing removedListed 72 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available for an immediate move - Early viewing advised.
Modern, 2nd floor apartment conveniently located close to Gloucester Royal Hospital and within a short walk of the City Centre and both the Train and Bus Stations.
The apartment briefly comprises of entrance hall with storage cupboards, open plan living room, kitchen with appliances included, master double bedroom, family bathroom and second bedroom.
Further benefits include electric heating, double glazing and an allocated parking space. Pre-recorded video tour available on request.
Tenant Fees & Charges (for tenancies signed after 1st June 2019) PRIOR TO TENANCY Holding Deposit: Equivalent to 1 weeks rent Deposit: Equivalent to 5 weeks rent for rent under £50,000 or 6 weeks for rents if £50,000 and above 1st months rent: 1st month’s rent (less holding deposit previously paid) DURING TENANCY (if applicable Changes to tenancy agreement: £50 inc vat (ie.
change of occupier etc) Replacement for lost keys/security device: Reasonable cost of replacement Early release from tenancy: If agreed by landlord, remainder of rent until end of tenancy or new tenant moved in plus re-letting costs Arrears: 3% above Bank of England base rate interest for arrears over 14 days Utility payments: Where written in tenancy agreement for utilities, TV licence, council tax, communication service etc Client Money Protection (CMP): Safeagent Redress scheme: The Property Ombudsman Close to Gloucestershire Royal Hospital is this delightful purpose built second floor flat with allocated parking.
The accommodation offers entrance hall, living room open to kitchen (with appliances), bathroom and TWO BEDROOMS.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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.
Area
Agent & docs
FAQ
About Harescombe Drive, Gloucester, GL1.
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