2-bedroom house · GL1 2PB
For saleReduced £10k (−11.1%) on 22 JulListed 156 days
Opportunity summary
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About
Conveniently located off the pedestrianised shopping area of Westgate Street, a two double bedroom over 55's apartment is situated on the fifth floor of this popular McCarthy & Stone development.
The spacious apartment benefits from 24 hour emergency response system, security door entry system and car parking facilities as well as communal lounge for the residents, communal gardens amongst other facilities.
Arrange a viewing today for this spacious apartment. Castlemeads Court Accessed via secure entrance, elevator access leads to the fourth floor.
The apartment itself is located on the fifth floor accessed via further stairwell from the fourth floor of the established McCarthy & Stone Development situated conveniently in Gloucester City Centre.
The apartment itself benefits from a bathroom with shower over bath, two double bedrooms with built in wardrobe from the second, lounge with a dining area, and kitchen with plumbing for washing machine, space below the counter for a fridge/freezer and an integrated electric hob and oven.
Secure gates with pedestrian and vehicular access leads to a communal parking area.
To the rear of the complex are secure communal gardens with various seating areas which can also be enjoyed by those living within the Castlemeads Court development.
Entrance Hallway Large hallway provides access to a storage cupboard, both bedrooms, bathroom and living room. Living Room Generous sized living room with window overlooking the City Centre.
Access is also provided to the kitchen. Kitchen Ample worktop and storage space is provided alongside integrated hob and oven. Further space for below counter appliances is also provided.
Bedroom One Double bedroom with window providing further City views. Bedroom Two Double bedroom with built-in wardrobe and window providing further views across the City.
Bathroom White suite tiled bathroom comprises w.c, wash hand basin and bath with shower attachment over.
Communal Facilities Downstairs is a large communal lounge where many events are held aswell as a quiet reading room housing a multitude of books and jigsaw puzzles.
This leads through to a communal laundry room with a bank of newly installed washing machines and tumble dryers for the residents to use.
Double doors provide access to the the garden area offering plenty of seating and planting for residents to relax.
Castlemeads court also benefits from an Apello 24 hour alarm system, wheelchair access, secure parking and an onsite house manager available weekdays between 9am-1pm.
Location Located in the heart of the historic city of Gloucester a stones throw from the Cathedral and with far reaching views across the river Severn and to the Countryside.
The apartment is within close proximity of various high street and independent shops and eateries.
A short distance away is the Gloucester and Sharpness Canal link through the historic Gloucester Docklands, which benefits from the Quays designer outlet, waterfront bars, restaurants and cinema.
For those who enjoy getting out and about there are various Gloucester locations close by; Robinswood Country Park, lengthy canal walks, various parks and the wetland reserves within and immediately outside the city boundaries.
There are easy links to Birmingham, Bristol, Cheltenham and Stroud by road, rail or bus from Gloucester train and bus stations, including a direct link to London Paddington.
Material Information Tenure: Leasehold of 125 years from 1998 (97 years remaining).
Managed by First Port with a service charge of ££4,496.90 per annum and ground rent of £702.98 per annum paid in half yearly instalments.
Careline emergency call system, building insurance and contents of communal areas, electric/heating/power to communal areas and remuneration of the on-site House Manager are all included.
*Information correct as of 13/5/26* Local authority and rates: Gloucester City Council - Tax Band C (£2,087.26 per annum) 2026/2027 Electricity supply: Mains Water supply: Mains Sewerage: Mains Heating: Electric Broadband speed: Standard 18 Mbps, Superfast 80 Mbps, Ultrafast 1000 Mbps - Highest available download speed Mobile phone coverage: Three, O2
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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.
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About 126, Castlemeads Court, Gloucester
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