Summary - SCOTT HOUSE FLATS, 192 1 SOUTHGATE STREET GLOUCESTER GL1 2EZ
1 bed 1 bath Flat
Chain-free, tenanted one-bed flat in Gloucester Quays area — lease being extended, investment potential..
Chain-free, tenants in situ for immediate rental income
Lease 62 years remaining; extension in progress — lender risk
Small annual ground rent £50; low council tax
Central Gloucester location, short walk to Quays and hospital
Electric room heaters; likely higher running costs and upgrades
Very slow broadband; may deter some tenants or require fixes
Medium flood risk — check insurance and local flood measures
1980s building; compact rooms and dated kitchen needing modernisation
A city-centre one-bedroom upper-floor flat offered chain-free with tenants in situ — ideal for buy-to-let investors seeking immediate income. The building dates from the 1980s and the apartment is a straightforward, average-sized home with a lounge-diner, double bedroom with built-in wardrobes, small kitchen and bathroom. The property sits within walking distance of Gloucester Quays, local amenities and major employers including Gloucestershire Royal Hospital.
Important practical points are clear: the lease has 62 years remaining (currently being extended) — some mortgage lenders may refuse to lend until extension completes. Heating is electric room heaters and broadband speeds are very slow, so expect running-cost considerations and potential modernization works. Flood risk is medium in the area and there is a small annual ground rent of £50.
For an investor prepared to manage tenants and carry minor upgrades, this flat offers central location and immediate rental potential with low council tax and good mobile coverage. It will suit a buyer who understands lease-length implications and can either complete the lease extension process or buy with cash or appropriate lending.
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