Summary - 284, GLOUCESTER ROAD BS7 8PD
2 bed 1 bath Flat
Turnkey income in a vibrant, amenity-rich urban location.
Let at £1,400pcm producing £16,800 pa income
Price reduced to guide £160,000 — strong yield potential
Long 999-year lease — secure leasehold tenure
Sold subject to existing tenant on rolling AST
Buyer’s premium payable (£1,500 + VAT) on exchange
Management fees TBC — check legal pack for charges
No private garden; maisonette above commercial premises
EPC D; council tax band A (very cheap)
This 2-bedroom leasehold maisonette on Gloucester Road is offered to auction with a reduced guide price and an existing tenant in situ. At 750 sq ft it delivers an open-plan living area, private entrance and straightforward layout suited to rental or hands-off ownership. The property benefits from a long 999-year lease and mains gas heating; EPC rated D.
Let on a rolling AST at £1,400 pcm (£16,800 pa), the flat presents an immediate income stream and a competitive gross return at the reduced price. The location on Gloucester Road places the flat in a busy, amenity-rich corridor popular with students and professionals, supporting steady rental demand.
Buyers should note the property is sold subject to tenancy and will be offered by live online auction. There is a buyer’s premium payable on exchange, management fees are to be confirmed in the legal pack, and some viewers may prefer a freehold or lower-management arrangement. There is no private garden and the maisonette sits above commercial premises, which can affect noise and outlook.
This lot suits investors seeking an income-producing asset in a well-connected, high-demand city suburb who are comfortable with the auction process and the responsibilities of owning a leasehold apartment above retail. Study the legal pack for tenant details, service arrangements and any restrictions before bidding.
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