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

Investment opportunity to purchase a 6-unit portfolio in Cinderford generating £43,800 in rent pa

£850,000

6-Unit Portfolio

VES-GL14-002

INITIAL INVESTMENT

£384,000

GROSS RENT / YIELD

£43,800 / 5.2%

NET RENT / YIELD

£32,444 / 3.8%

The portfolio

TENURE

Freehold

NO OF UNITS

6

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

TBC

PRICE SQ FT

£0

Portfolio Breakdown

  • 4 x Semi-Detached House & 2 x Terraced House

Floorplans

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

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

Rental Income

GROSS RENT PER ANNUM

£43,800

Equivalent of £3,650 per calendar month (PCM).

GROSS RENTAL YIELD

5.2%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£32,444

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

3.8%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£11,356

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.

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

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