Renovated City Centre Apartments
Gloucester, Gloucestershire
£75,000 (prices from)

Net
Gross
Finance

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Assetz is delighted to introduce these recently renovated 1-bedroom apartments, situated in a beautiful period house in the city centre of Gloucester, close to the docks which is host to a plethora of shops and restaurants.

With the full renovation completed in April to an excellent finish throughout, tenants are within walking distance of all the fantastic amenities that the historic city of Gloucester has to offer, resulting in extremely strong tenant demand thanks to its city centre setting. Within a mile there is Gloucestershire Royal Hospital, Gloucester Cathedral and both the Eastgate and King’s Walk shopping centres.

First built in the 1900s, these stunning period houses were first converted to apartments some years ago, but have now just had a full refurbishment to make them modern and welcoming to professional tenants wither working in the city or commuting.

Laminate and carpeted flooring is included throughout, as well as gas central heating with a combi boiler installed. There is a fully fitted kitchen with oven, hob, fridge and washing machine, whilst the bathroom contains a contemporary white suite with tiling surrounding the bath.

Apartments on the lower ground, ground and first floor feature bay windows, and there is planning submitted for private off-street parking to the rear. Finance is available, subject to status and lender’s criteria.

Location

 

A high-performing city at the heart of a thriving county

Gloucester is a cathedral city located in the south-west of England and is also the county town of Gloucestershire. The area has a large catchment of nearly 8.5 million people living within 90 minutes travel time and the city’s population is forecast to increase by 10% to 135,000 by 2021.

Average house prices in the city are currently at 38% below UK average, and around 4.3% lower than the average for the local region. This is one of the reasons Gloucester has been described as ‘a really good place to buy a house’ by the Gloucester Citizen newspaper. In the past few years a figure of around £800 million has been invested or committed to major projects across Gloucester.


There are excellent links to the area via the M5 motorway, together with the M4 and M50. There is also a fantastic rail and bus network. This connectivity is important to potential tenants when they look to settle in an area. This means Gloucester property investment is ideal for you if youre looking for a location that is dominated economically by a strong business and financial sector.

Economy & Employment

Gloucester is at the regional forefront of innovation and aircraft engineering and produces several protected origin foodstuffs.

With over 350 businesses either starting, relocating or expanding within the city recently, commercial space in Gloucester is in demand.

Businesses based in the area currently include MessageLabs, part of Symantec, Capita Life Pensions, Zurich Financial Services Group, Aegis Insurance Messier-Dowty, the world-leader in aircraft landing gear.With the huge expansion in retail in the area, there will be a high demand for additional labour force. Gloucester also produces several foodstuffs that have protected origin status. Single Gloucester cheese can only be produced in the area preferably using Gloucester cows’ milk. This, together with the world-famous annual cheese rolling competition at Cooper’s Hill, is a further boost to the economy.

Investment

A £135-million master plan to regenerate land across the Quayside and Blackfriars sites was presented by the council in March 2015.

In the past 10 years Gloucestershire County Council has secured over £700 million of investment, resulting in 1,000 new jobs and 700 new homes. And they don’t intend to stop there. The city is currently earmarked for over 13,000 new dwellings in order to satisfy its huge appetite for housing. The council is also proposing developing 2.9 hectares of land. They have a master plan in place to attract up to £135 million of new investment into these Quayside and Blackfriars sites.

Transport

Air: Easy access to both Bristol and Birmingham Airports in under an hour.

Rail: There are frequent trains to London, with a journey time of around 90 minutes. Trains to Bristol and Birmingham take around 50 minutes each.

Road: There are really good links to the area via the M5 motorway, together with the M4 and M50.

Bus: Gloucester has a range of routes and community transport services that connect towns, villages and rural areas with urban centres.




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Risk Warning and Disclaimer:

The price of property can go down as well as up. Historic performance should not be taken as a guarantee of future performance. Geared property investment with mortgages can increase risk of losing money as well as increasing the possible gains. Mortgage products referred to in the website can be withdrawn by the lender or have rates or other terms changed without notice and reference to any products does not imply they are certain to be available in the future. Mortgages referred to may also have certain applicant restrictions and are for indicative purposes only although reasonable endeavours have been used to ensure that they are available at the time of publication and are applicable to a significant number of our purchasers. This site is for information purposes only and nothing on this site should be taken as definitive investment advice for your particular situation without you seeking additional guidance directly from ourselves or from other finance and property professionals. Property particulars on this site do not form part of an offer or contract. The developer and Assetz Property Ltd, whilst endeavouring to ensure complete accuracy in these property particulars, cannot accept liability for any errors. Valuations of property or indicated rents achievable are either estimated or derived from valuations and/or comparables and can change and should not be relied upon without your own additional valuation and research, but we have carried out reasonable endeavours to achieve accurate indications for these figures. All descriptions, dimensions, areas, reference to condition and, if necessary, permissions for use and occupation and their details, are given in good faith as provided by the developer and are believed to be correct. However, these are subject to change, especially, but not wholly, relating to any property that is off-plan or not yet complete. Any intending purchaser should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy. The onus is on each individual investor to undertake their own due diligence, enquiries and inspections. Where shown, net yields are calculated as rental income less expected service charges less expected ground rent as a percentage of the property price. No void periods, optional letting agent costs, repairs or other costs are deducted. Our standard Terms and Conditions of Sale will apply. E. & O. E.