2-bedroom flat · GL2 5SE
For saleListed 19 days
Opportunity summary
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About
Offered to the market is a two-bedroom apartment on a 56% shared ownership basis, featuring a spacious open-plan living and kitchen area, modern fitted kitchen, master bedroom with en-suite shower room, contemporary family bathroom and Juliet balcony.
The property also benefits from an allocated parking space and is ideally suited to first-time buyers seeking modern, low-maintenance accommodation.
Accomadation The property offers well-presented and spacious accommodation, centred around a bright open-plan living and kitchen area with a modern fitted kitchen, integrated appliances, ample storage and wood-effect flooring.
French doors provide plenty of natural light and open onto a Juliet balcony. There are two well-proportioned double bedrooms, with the master bedroom benefiting from a modern en-suite shower room.
The second bedroom is currently utilised as a home office and features fitted storage, offering excellent flexibility for those working from home.
A contemporary family bathroom and useful storage with plumbing for a washing machine complete the accommodation.
Outside The property benefits from a single allocated parking space, providing convenient off-road parking.
The apartment is situated within an attractive modern development with well-maintained communal areas and landscaped surroundings.
Location The waterfront development is highly convenient for easy access onto the M5 motorway and to all amenities on offer within the City centre whilst being enviably close to Gloucester Docks and the Quays Designer Outlet and Leisure Quarter where a variety of restaurants and bars can be found along with a state of the art cinema complex and a 24 hour gym.
The developments also benefits from a local Sainsburys supermarket in close proximity.
Material Information Tenure: The property is leasehold and has a length of 246 years remaining, managed by Guinness Partnership Ltd.
Service charge at a cost of approximately £2,293.92 per annum to include building insurance and general maintenance of the building and communal areas.
Peppercorn ground rent is payable *Information correct as of *01/10/2026* Local authority and rates: Gloucester City Council - Tax Band B (£1,826.36 per annum) 2026/2027 Electricity supply: Mains Heating: Electric heating Water supply: Mains Sewerage: Mains Broadband speed: Standard 12 Mbps, Ultrafast 940 Mbps -Highest available download speed.
Mobile phone coverage: EE, Three, O2, Vodafone.
Shared Ownership 56% Shared Ownership - £135,000 Based on 100% price of - £241,000 Monthly rent is £308.48 to cover the 44% owned by Guinness Partnership Ltd. *information correct as of 01/10/2026*
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 15, 2, Hobbs Way, Gloucester
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