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Cromwell Road, Gloucester, GL1 8 bed terraced house for sale
Cromwell Road, Gloucester, GL1
£425,000
Cromwell Road, Gloucester, GL1
£425,000
Our Summary
- The property comprises seven bedrooms across the main house, with two reception rooms, kitchen, and shower room on the ground floor, plus a cellar offering further potential living space
- While the property has been freshly painted and fitted with new carpets, it requires further refurbishment to fully realise its potential as a comfortable residential home
- Accommodation Breakdown:Ground Floor: Entrance hall, two reception rooms (convertible to bedrooms), kitchen, shower room, cellarFirst Floor: Three bedrooms, shower roomSecond Floor: Two bedroomsRear: Self-contained studio flat with private garden and separate entranceInvestment Potential:Guide price: £425,000Estimated potential rental income: Approximately £4,500 pcmGross rental yield: Approximately 12
- Summary:Offering flexible living arrangements and strong rental potential, this property is well suited to investors seeking a ready HMO opportunity or homeowners looking to renovate a large city centre residence
- Former HMO licence (expired April 2025) – strong investment potential
- Freshly painted and carpeted; requires further renovation for residential use
Description
This property, located in the heart of Gloucester, offers a unique blend of living space and investment potential. The main house features seven bedrooms, two reception rooms, a kitchen, and a shower room on the ground floor, with an additional five bedrooms and two shower rooms on the first and second floors. A self-contained studio flat at the rear offers additional income or flexible accommodation, with its own private garden and entrance. The property has been partially renovated, with new carpets and fresh paint, but still requires further work to reach its full potential. With off-road parking for multiple vehicles and excellent transport links, this property is ideal for investors seeking a ready HMO opportunity or homeowners looking to renovate a large city centre residence. With an estimated potential rental income of approximately £4,500 per month, the gross rental yield is approximately 12.7%.