Studio flat · GL18 1AQ
For saleListed 37 daysAuction 22 Oct · today
Opportunity summary
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About
For sale by public auction on Thursday 22nd October 2026 at 3pm with a guide price of £200,000-£250,000.
An opportunity to purchase the freehold of a double fronted high street shop with a further 2 stories above with residential potential within the popular Town of Newent.
No chain Entrance Part glazed door to: Front Shop Area (4.5m x 4.8m) Two large display windows, night storage heater. Sales Area (5.6m x 3.6m) Air-conditioning/heating unit. Access to cellar.
Rear Sales Area (11.7m x 3.6m) Radiator, air-conditioning/heating unit. Garage (4.1m x 3.5m) Vehicular door to side, ideal for loading.
First Floor Kitchen Area (3.8m x 3m) Fitted wall and base units incorporating sink unit, exposed timber and beams. Lounge Area (5.2m x 4.1m) Radiator, exposed timber and beams.
Store Room (4.8m x 3.9m) Air-conditioning/heating unit. Radiator. Cloakroom W.C. Rear Store Stairs to ground floor with independent access, separate stairs to second floor, heating unit.
Second Floor Attic Room 1 (5m x 5.5m) Attic Room 2 (7.1m x 5m) Tenure We understand from the Vendors that the property is freehold and offered with vacant possession upon completion.
For Sale By Public Auction To be offered for sale by public auction, subject to conditions of sale and unless previously sold, At Hazle Meadows Auction Centre, Ross Road, Ledbury, Herefordshire, HR8 2LP on Thursday 22nd October 2026 at 3pm.
Auction Guide Price £200,000-£250,000 Please note an Auction Guide Price is an indication by the Agent of the likely sale price and is not the same as a Reserve Price.
The Reserve Price is the lowest price at which the vendor will consider a sale and is within or below the Guide Price.
Both figures are subject to change Auction Pack A link to the auction pack will be made available nearer the date of sale.
Any queries of a legal nature, please direct to the vendors solicitor, preferably via your own conveyancer.
Online Bidding The auction will be live and online, if you wish to register to bid online please contact the office. All online bidders must be registered by 5pm on Tuesday 20th October 2026.
Vendors Solicitor Langley Wellington Solicitors 103 Promenade, Cheltenham GL50 1NW Acting Caroline Irvine Local Authority Forest of Dean District Council Viewings Strictly by appointment with the sole agents Pughs.
Tel.
Out of office hours James Pugh Anti Money Laundering Regulations To comply with anti money laundering regulations, prospective purchasers will be asked to produce identification documentation at the time of making an offer.
We ask for your cooperation in order that there is no delay in agreeing the sale.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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 23, Broad Street, Gloucestershire
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