eXp UK says ..
Introducing this Fully licensed six bedroom HMO in the centre of Gloucester currently fully occupied and producing a return of circa £33,000 per annum. The building is spread over four floors and comprises four double bedrooms that share two bathrooms and two self contained ...
Property Oracle says ..
This six-bedroom, four-bathroom property on London Road, Gloucester, is currently operating as a fully licensed HMO (House in Multiple Occupancy) and is generating a considerable rental income. The property’s location offers convenient access to Gloucester railway station and several schools, making it attractive for both families and investors. The provided photos indicate a mixed condition. While some areas appear well-maintained or recently renovated (one bathroom shows a modern style), other areas might need updating or cosmetic improvements. The property has a small paved yard rather than a large garden. The price of £325,000 is in line with what the data offers from nearby properties. A full property survey is advisable to assess the property’s structural condition and determine any repair or renovation needs before purchasing. This HMO status significantly influences the value proposition, which is mainly based on its rental yield potential rather than purely residential value. Prospective buyers should carefully consider the risks and rewards associated with HMO ownership, including tenant management and regulatory compliance, before making a decision.
Therefore, we give this property 5 / 10. Disclamer: This is our opition and does constitute a recommendation or financial advice. Do your own research.
- Price
- 7
- Condition
- 6
- Location
- 7
- Land
- 2
- Bedrooms
- 6
- Bathrooms
- 4
- Sqft (est)
- 2,023.00
Metrics
- Area value Growth
- 71,897Increased by 12%
- Rental Yield Growth
- 24.57%Decreased by 4.05%
Agent Activity
eXp UK marked this listing as sold.
eXp UK created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Edward Jenner School | Other Independent School | 0.06 KM | |
| Kaleidoscope Kingsholm Children'S Centre | Children's Centre | 0.28 KM | |
| Kingsholm Church Of England Primary School | Voluntary Controlled School | Outstanding | 0.46 KM |
| Denmark Road High School | Academy Converter | 0.53 KM | |
| Al-Ashraf Secondary School For Girls | Other Independent School | Good | 0.71 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Royal Lane | £ 130,000 | 0 | 0.00 KM |
| Clarence Row | £ 315,000 | 0 | 0.00 KM |
| Mermaid Close | £ 0 | 0 | 0.00 KM |
| Albert Street | £ 0 | 0 | 0.00 KM |
| Bedford Street | £ 125,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Gloucester | 4760 | GCR | 0.35 KM |
Nearby Listings
| Address | Price | Score | Distance |
|---|---|---|---|
| London Road, Gloucester, GL1 3HF | £ 325,000 | 5 / 10 | 0.00 KM |
| Oxford Terrace, Gloucester, Gloucestershire, GL1 | £ 110,000 | Unknown | 0.16 KM |
| Henry Road, Gloucester | £ 250,000 | Unknown | 0.17 KM |
| Oxford Road, Kingsholm, Gloucester | £ 238,000 | Unknown | 0.17 KM |
| London Road, Gloucester, Gloucestershire, GL1 | £ 130,000 | Unknown | 0.18 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 18 Henry Street | £ 200,000 | 0.07 KM |
| 3 Henry Street | £ 250,000 | 0.07 KM |
| 8 Henry Street | £ 135,000 | 0.07 KM |
| 1 Henry Street | £ 193,150 | 0.07 KM |
| 5 Henry Street | £ 167,500 | 0.07 KM |