Summary - Worcester Parade, Gloucester, GL1 GL1 3AR
6 bed 3 bath Terraced
Fully let six-bedroom HMO with immediate rental income
A fully let six-bedroom HMO in Gloucester offering immediate rental income and a gross yield above 10%. The property is traditional Victorian mid-terrace construction, freehold, and currently occupied, making it a hands-on income asset for a private investor or portfolio buyer.
Accommodation includes six large double bedrooms, three bathrooms and a well-equipped communal kitchen. The basement has scope for further development (subject to consents), presenting clear upside to increase rental value. A small, low-maintenance rear garden is included.
Practical details are straightforward: mains gas boiler and radiators, double glazing installed before 2002 and EPC rating D. Council Tax Band B (estimated £1,747.01 pa) and solid brick walls typical of pre-1900 build are noted. The property is close to the hospital and town centre—convenient for tenants and desirable for short commutes.
Important negatives are factual and material: the property sits in a very deprived area with very high local crime levels, which may affect tenant mix, management costs and resale prospects. The solid brick walls are assumed uninsulated, so energy-efficiency improvements could be required to raise EPC and reduce running costs. Any basement conversion will need planning and building regulation approvals.
In summary: this is a well-maintained, income-producing HMO with short-term cashflow and clear medium-term enhancement potential, balanced by location-related management challenges and some retrofit requirements.
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