2-bedroom flat · GL16 8BL
For saleListed 11 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description The opportunity to acquire a 2 bed (2 en-suite) loft conversion style flat with parking available for residents and communal outdoor areas.
This is offered as a going concern with the current tenant in situ. Please note: There is no onward chain with this property and it is ideal for those looking to purchase a buy-to-let.
Internally, the property comprises; entrance hall, kitchen, two bedrooms (two en-suites) and a lounge/diner. Externally, there is parking for residents and communal areas outdoor.
This property is set in a beautiful location in the heart of the Forest of Dean, and is within walking distance from Coleford Town's amenities.
The Clock Tower in Coleford is iconic and adds to the Town's history and beauty. The Town also hosts the ever popular Coleford Music Festival, bringing music and community together to celebrate life.
Coleford boasts a wide range of amenities to include: A cinema, two golf courses, shops, restaurants, cafes, hotels, primary and secondary schools and doctor's surgery.
The market towns of Lydney (7.1 miles) and Monmouth (5.8 miles) are easily accessible, also offering a wide range of amenities.
A wider range of facilities are also available throughout the Forest of Dean including an abundance of woodland and river walks.
The Severn crossings and M4 towards London, Bristol and Cardiff are easily reached from this area along with the cities of Gloucester and Cheltenham for access onto the M5 and the Midlands.
Council Tax Band: A (Forest of Dean District Council ) Tenure: Leasehold (99 years) Ground Rent: £400 per year Service Charge: £225 per year Entrance Hall Accessed by externally stairs - Access through to bedroom, kitchen and lounge/diner.
Storage cupboard. Bedroom 2 Carpeted flooring, velux windows to front aspect, access through to en-suite and storage space. En-Suite Bath, WC, wash hand basin, tiled splash backs.
Kitchen Fitted units at base level with worktop space, sink unit with drainer, integrated oven, gas hob with extractor hood above, space for freestanding fridge freezer, wood-effect flooring, velux window to rear aspect.
Lounge/Diner Carpeted flooring, velux windows to front aspect, access through to bedroom one. Bedroom 1 Carpeted flooring, velux windows to rear aspect, access to en-suite.
En-Suite Shower enclosure, WC, wash hand basin, tiled splash backs. Outside There is parking for residents and there are communal spaces.
The property can be accessed via a path and steps leading up to the front door. Viewings By prior appointment with Hills. Services Mains water, electric, drainage and gas connected.
** The heating system and services, where applicable, have not been tested. ** Rates Council Tax Band: A Please refer to for prices in the Forest of Dean and for the Tax Band.
Water Rates Severn Trent - to be advised. Money Laundering Regulations To comply with mlr, all prospective purchasers will be asked to produce id documentation at the time of making an offer.
We kindly ask for your cooperation during this.
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.
Area
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FAQ
About Flat 7, The Old Launderette, Coleford
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