2-bedroom house · GL3 2HT
Listing removedReduced £5k (−2.2%) on 21 JunListed 491 days
Opportunity summary
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About
Tenure: Leasehold 2 bedroomed bungalow in the extremely desirable complex for the over 55's in the heart of Churchdown Village.
An entrance hall leads through to a light and spacious lounge/dining room which opens into the kitchen.
The master bedroom has a variety of fitted wardrobes and furniture, the second bedroom is also a good size and a spacious modern shower room completes the property.
The bungalow has the added benefit of a brand new Worcester combination gas central heating boiler, fitted kitchen and its own good size rear patio overlooking the well maintained communal gardens.
The Manor is located on Church Road with a variety of shops, other amenities and bus services to Cheltenham and Gloucester. A communal lounge hosts events for residents and parking is available.
EPC Rating: D Entrance Hall Via double glazed door. Doors to lounge, Bedrooms 1 & 2 and shower room. Access to the loft space.
Storage cupboard and separate airing cupboard housing brand new Worcester combination gas central heating boiler. Lounge Dimensions: 15' 3'' x 11' 10'' (4.64m x 3.60m).
Coal effect electric fire with surround. Wall mounted radiator. Double glazed patio door to rear patio. Door to kitchen. Kitchen Dimensions: 8' 11'' x 6' 7'' (2.72m x 2.01m).
Range of base and wall mounted units. Stainless steel sink unit with single drainer and mixer tap. Double glazed window to rear. Electric oven, hob and extractor. Further appliance space.
Part tiled walls. Wall mounted radiator. Bedroom One Dimensions: 11' 10'' x 10' 2'' (3.60m x 3.10m). Double glazed window to front. Wall mounted radiator.
Two built-in wardrobes plus built-in dressing table and drawers. Bedroom Two Dimensions: 9' 6'' x 8' 11'' (2.89m x 2.72m). Double glazed window to front. Wall mounted radiator.
Shower Room Built-in shower cubicle. Low level WC. Vanity sink unit with storage. Wall mounted radiator. Front Of Property Pathway to door. Rear Of Property Own patio area, Communal gardens.
Agent Notes Lease: 125 yrs from 01/08/1987 Over 55's Service charge currently: £1592 paid annually Yearly Insurance: £123.50. Please note that this property is subject to an exit fee upon resale.
The fee is payable to the freeholder and is typically calculated as a percentage of the resale price dependent on the length of ownership.
As part of the application process for purchasing a flat in this retirement community, prospective buyers are required to attend a meeting with the property management team.
This meeting is designed to ensure that the buyer is suitable for the property and to provide an opportunity for any questions regarding the community’s rules, services, and living arrangements.
Please note: - In accordance with the Estate Agents Act 1979 we confirm the vendor is related to an employee of Farr & Farr Estate Agents.
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
Agent & docs
FAQ
About Flat 40, The Manor Church Road, Gloucester
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