2-bedroom house · GL1 2PA
For saleReduced £10k (−6.9%) on 6 OctListed 116 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A superb ground floor retirement apartment being one of the largest in this sort-after and convenient development Castlemead’s Court is a large and popular development of retirement apartments situated the western end of Westgate Street within walking distance of all of the cities beautiful facilities.
Number 12 has been very well maintained in the current ownership and offers surprisingly large accommodation with two good double bedrooms, lounge, dining room and well fitted kitchen and shower room.
To the exterior the communal gardens are a very good size and beautifully landscaped and there is the additional benefit of gated secure parking.
Entrance Hall Entrance Hall, alarm controls, night storage heater, deep walk-in airing cupboard/store Sitting Room (8.13m x 3.23m) Fireplace with marble inset and electric fire, two wall light points, night storage heater Kitchen (2.44m x 2.13m) Well fitted kitchen, single drainer stainless steel sink unit set into worktop with cupboards and drawers below, wall and base units, part tiled walls, vinyl floor, built-in Bosch oven, electric hob and extractor hood and Under counter Fridge and Freezer (to remain if required) Bedroom 1 (7.01m x 2.79m) Double wardrobe cupboard with mirrored sliding doors, full height window, two wall light points, security alarm, electric panel radiator Bedroom 2 (3.81m x 2.79m) Two wall light points, Electric panel radiator, alarm pull.
Shower Room Large double shower cubicle with marble effect splashback, glazed sliding door and stainless steel shower vanity unit with wash handbasin and cupboard below, low-level WC.
Fully marble effect walls, Electric wall heater, heated towel rail, shaving point and extractor fan Communal Garden Good area of well landscaped communal gardens with seating areas.
Parking - Secure Gated Communal gated car parking.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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.
Area
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FAQ
About Flat 12, Castlemeads Court, Gloucester
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