Summary -
Flat 408,Pridays Mills 41-45,Commercial Road,GLOUCESTER,GL1 2ED
GL1 2EA
1 bed 1 bath Flat
Compact city-centre one-bed with lift, parking and strong rental yield.
Chain-free first-floor flat in a Georgian building
Set on the first floor of a handsome Georgian building in Gloucester city centre, this one-bedroom apartment offers a straightforward, chain-free purchase with immediate rental potential. The open-plan living/kitchen and high ceilings give a sense of space despite the compact overall footprint, and lift access plus an unallocated gated parking space add practical convenience.
This flat is geared to investors seeking a strong gross yield (circa 9%) or first-time buyers wanting a city-centre base. The property is currently let-level ready with included fridge freezer and some fittings; advertised annual income and low council tax help the numbers stack up for landlords.
Be clear about material drawbacks: the total floor area is small (approximately 344 sq ft), heating is electric, and the EPC rating is E. Service charges (£1,429.39pa) and a small ground rent (£75pa) apply. The local area shows very high crime levels and high deprivation, which will influence tenant demand and resale for some buyer types.
Overall this is a compact, well-presented flat in a central, well-connected location with genuine income potential. Buyers should weigh the attractive yield and convenient city living against location-related risks, running costs and the modest internal space.
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