Located on Hucclecote Road in Gloucester, this two-bedroom leasehold flat is set within the popular The Cedars development and is offered for sale with a tenant already in situ, making it an excellent buy-to-let investment opportunity with immediate rental income, with a circa +8% rental yield.
The accommodation is well arranged and typically comprises of an entrance hallway, fitted kitchen, a bright spacious living room, two good-sized double bedrooms, and a bathroom. The flat benefits from a practical, low maintenance layout that has continued to appeal to tenants, who are longstanding.
An added advantage of the property is the inclusion of a separate garage, providing valuable parking or storage space, an increasingly sought after but unusual feature that enhances both rental desirability and longterm value.
Situated in the well established Hucclecote area, the property enjoys convenient access to local shops, schools, amenities, and transport links, with Gloucester City Centre within easy reach. Excellent road connections, including access to the A40 and M5 motorway, adds further appeal.
This leasehold property falls in Council Tax Band A, keeping running costs low. With strong rental demand in the area, this property represents a solid and readymade investment.
Tenant in situ – further details available upon request.
Mains Supply: Electric and Water (No Gas)
Council Tax Band: A
Remaining Lease Length: 940 Years
Service Charge per annum: £1800.00
Ground Rent per annum: £1.00
**This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
We offer free financial consultations to all our customers, including specialist advice on Modern Method purchases, so please ask us for further details and/or to book your appointment when you contact us about this property.
Lounge 4.78m x 3.15m
The lounge offers a comfortable and welcoming living space, ideal for both everyday relaxation and entertaining. Well proportioned and versatile, it provides ample room for a range of furniture layouts and benefits from good natural light, creating a pleasant and inviting atmosphere.
Kitchen 3.12m x 1.96m
The kitchen provides a practical and efficient space, well suited to everyday cooking and dining needs. Thoughtfully laid out with good worktop and storage provision, it offers a functional yet welcoming environment and benefits from natural light, making it a pleasant space to use.
Bedroom One 3.76m x 3.15m
Bedroom one is a well proportioned and comfortable double room, offering a calm and restful space. The room provides ample space for bedroom furniture and benefits from natural light, making it a bright and inviting principal bedroom.
Bedroom Two 3.9m x 3.15m
Bedroom two is a well presented and versatile room, ideal for use as a guest bedroom, child’s room or home office. Comfortably proportioned and benefiting from natural light, it offers a pleasant and adaptable living space to suit a variety of needs.
Bathroom 2.2m x 1.73m
The bathroom is a clean and functional space, fitted to meet everyday needs. Well laid out and easy to maintain, it offers a practical environment with good lighting, providing a comfortable and convenient facility for the household.
