Summary - 29 Victoria House, Mayhill Way GL1 3NW
1 bed 1 bath Apartment
**Standout Features:**
- Modern one-bedroom apartment; 560 sq ft
- Third-floor location with natural light from Georgian-style sash windows
- Spacious open-plan living, kitchen, and dining area
- Large bathroom with separate shower cubicle and bathtub
- Secure buzzer entry system, communal lift, and off-street parking
- Tenant currently in situ, generating £760pcm rental income (7% yield)
- Leasehold property with 976 years remaining on the lease
- Low council tax band A, manageable service charge of £975 per annum
**Property Summary:**
This charming one-bedroom apartment in the heart of Gloucester is perfect for both investors and first-time buyers. Offering a generous open-plan living space that is stylish and functional, it features a well-equipped kitchen ideal for entertaining. The apartment boasts a spacious double bedroom with ample natural light and a notably large bathroom designed for relaxation. Additionally, the property includes off-street parking, a secure entry system, and access to communal facilities.
The unit currently has a tenant in place providing immediate rental income, making it an attractive opportunity for investors seeking passive returns. Located in a cosmopolitan student neighborhood with easy access to local amenities, schools, and transport options, this property balances city living with a community feel.
While the area has a high crime rate—an essential consideration for potential buyers—the tax benefits and low maintenance costs contribute positively to the overall value. Take advantage of the potential for future renovations or extensions in an area rich with possibilities. Don't miss out on making this delightful apartment your own or adding it to your investment portfolio!
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