Summary - FLAT 12, SOUTH POINT, 17, SEVERN ROAD, GLOUCESTER GL1 2LE
1 bed 1 bath Apartment
Chain-free waterfront one-bed with balcony, parking and rental potential.
Chain free second-floor apartment with waterside balcony views
Light, modern and offered chain-free, this second-floor one-bedroom apartment at South Point is aimed at buyers seeking a compact waterfront home or a straightforward rental. The open-plan living area and private balcony look directly over the main basin, delivering strong waterside appeal and plenty of natural light. An integrated kitchen, built-in bedroom wardrobes and secure allocated undercroft parking add practical convenience.
The apartment is presented in move-in condition and estimates a potential rental income of about £900 pcm, making it viable for buy-to-let investors or first-time buyers wanting an income-producing asset. The lease has 129 years remaining. Service charge (£2,076pa) and ground rent (£250pa) cover communal maintenance, building insurance and parking provision.
Buyers should note notable negatives: the immediate area records very high crime levels and the site carries a medium flood risk. The property sits in a very deprived wider neighbourhood, and the apartment’s internal footprint is small (c. 452 sq ft), so it suits those prioritising location and views over large living space. EPC is TBC.
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