**Standout Features:**
- Freehold investment property with 8% yield
- Prime location near Gloucester's £107m The Forum project
- Comprises three one-bedroom apartments and one studio
- Renovation potential to maximize rental income
- Excellent mobile signal and fast broadband
- Attractive council tax band A
- High ceilings and Victorian features throughout
**Concerns:**
- Requires modernisation and upgrades
- Listed property status could complicate renovations
- Very high local crime rate
- Property located in an area classified as very deprived
Discover a rare investment opportunity with this freehold block of apartments in Wellington Parade, Gloucester, offering an impressive 8% yield. This property, just steps from the vibrant attractions of The Forum, comprises three spacious one-bedroom units and a studio, with the potential for significant rental returns. Current rental values total approximately £1,725 per month, equating to an annual income of £20,700.
While the property is in need of modernisation, its Grade II listed status adds historical charm and value. Buyers can envision transforming this Victorian-style gem into modern living spaces catering to Gloucester's diverse rental market, which thrives amidst the area's student population.
However, potential investors should be aware of the current condition requiring renovations and the local high crime rate, which may impact desirability. Take advantage of this unique offering—properties like this are seldom available. Contact us today for a viewing and secure your future in Gloucester's thriving rental landscape!
