Gloucester, GL2 2BF | Investment Property for Sale | VES-GL2-021

Investment opportunity to buy a property earning £13,800pa located in Quedgeley, Gloucester

£299,000

Detached House

VES-GL2-021

INITIAL INVESTMENT

£137,214

GROSS RENT / YIELD

£13,800 / 4.6%

NET RENT / YIELD

£10,667 / 3.6%

Sold STC

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The property

TENANCY

Tenanted

TENURE

Freehold

4 bedrooms

3 bathrooms

2 reception rooms

1,455

Unfurnished

Tenancy

RENT

£13,800 p.a. / £1,150 pcm

TENANCY DEPOSIT

£1,725

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

13 months ago

TENANCY AGREEMENT ENDS

Periodic

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

£13,800

Equivalent of £1,150 per calendar month (PCM).

GROSS RENTAL YIELD

4.6%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£10,667

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

3.6%

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

FULLY MANAGED OPERATING COSTS

£3,133

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 Quedgeley, Gloucester

Quedgeley, a suburban town 3.5 miles southwest of Gloucester. Quedgeley is located within easy reach of the M5 Junction 12 and just a short drive from Gloucester railway station, which runs regular services to London, Bristol, Birmingham and Cardiff, making it a popular place to live with commuters and families.

It boasts a good choice of educational institutions such as Meadowside Primary School, Field Court Junior School, Beechwood Green School and Severn Vale School. In Gloucester there are Brockworth Primary Academy and Brockworth Comprehensive, Gloucester College, and of course Gloucester University to name but a few.

There are numerous walking routes through the surrounding countryside as well as lovely waterside cycling routes along the Gloucester and Sharpness Canal and River Severn.

Quedgeley is also home to the Orchard Centre at Olympus Park offering a range of independent shops, Severn Vale Shopping Centre with access to a major supermarket, Post Office and Library, and the Quedgeley District Centre with many High Street brands.

Holbeach Drive,

Quedgeley,

Gloucester,

Gloucestershire,

England,

GL2 2BF

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