Cinderford, GL14 3JD | Investment Property for Sale | VES-GL14-002

Investment opportunity to purchase a 4-unit portfolio in Cinderford generating £27,600 in rent pa

£540,000

4-Unit Portfolio

VES-GL14-002

INITIAL INVESTMENT

£157,500

Based on

deposit: £135,000

stamp duty: £17,000

mortgage fees: £1,500

conveyancing fees: £4,000

GROSS RENT

£27,600

GROSS YIELD

5.1%

ADD TO FAVOURITES

The portfolio

TENURE

Freehold

NO OF UNITS

4

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

2,293

PRICE SQ FT

£235

Portfolio information

  • Fully tenanted portfolio
  • Consisting of:
    • 2 x semi-detached houses
    • 2 x terraced houses
  • All are 2-bed properties
  • Aggregate monthly rental income: £2,300
  • Aggregate annual rental income: £27,600
  • Aggregate gross yield 5.1%

Available upon request

  • Portfolio breakdown
  • EPCs for all units

Note

We are currently awaiting the tenancy agreements from the landlord and will update the listing when received.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Cinderford, Gloucestershire

Cinderford is a small town on the eastern fringe of the Forest of Dean and is a commuter town to Gloucester which is around 14 miles to the east.

There are regular bus services from Cinderford to the nearby city of Gloucester. Gloucester is serviced by Gloucester railway station which is managed by Great Western Railway. Great Western Railway operates frequent train services to destinations such as London Paddington, Reading, Bristol and Cardiff Central. CrossCountry also has a line running from Cardiff to Nottingham, connecting this area to several destinations towards the north. The M5 motorway which runs east of the city links the southwest to the midlands.

Kings Square is a market square at the centre of town and connects the Kings Walk Shopping Centre with the Market Parade and The Oxbode. This area is known as the Kings Quarter and features a largely pedestrianised outdoor area. This area is filled with several high street favourites and small boutiques. In this area one will also find an array of bars and restaurants to cater for all of one’s dining needs. A short walk from this area is the newly built indoor Gloucester Quays Outlet which features high street and designer brands at discounted prices. There are multiple cultural attractions in the area also including Gloucester Cathedral and the museum of Gloucester.

Gloucester is historically known for its aerospace industry and is still home to Gloucester Aircraft Company and the GE Aviation Dowty Propellers plant and Messier-Dowty’s landing gear plants are on the outskirts of town. There are also job opportunities from large employers that have offices in town such as Ecclesiastical Insurance, Lloyds Banking, TSB Bank, EDF energy and many more.

This location could be ideal for young families seeking local educational options for their children. There are two primary schools in this town, Steam Mills Primary School and Forest View Primary school. The secondary school in town is The Forest High School, which is coeducational from 11-16.

Steam Mills Road,

Cinderford,

Gloucestershire,

England,

GL14 3JD

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
  • Huge choice for all budgets
  • View property performance data
Learn more >

Questions?

Our sales team is standing by to help.

Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

Copyright © 2020 Vesta Global Limited. All rights reserved.