Summary - Flat 21 South Point, 17, Severn Road GL1 2LE
2 bed 2 bath Flat
Spacious two-bedroom home with allocated parking and west-facing balcony.
Large duplex penthouse — c.1,000 sqft, spacious open-plan living
A large two-bedroom, two-bathroom duplex penthouse on Gloucester Docks offering expansive open-plan living and a west-facing balcony with dock views. At about 1,000 sqft this apartment is one of the bigger units in the development and includes an allocated undercroft parking space and valuable waterside outlook — strong draws for renters or buyers seeking a low-maintenance city-base.
Practical details shape the holding costs: the flat is leasehold with a reported long lease (over 130 years; sources also state 178 years — buyer to confirm exact term). Annual service charge averages £1,644 (c. £137/month) and ground rent is £250 per year. Heating is by electric room heaters, which may raise running costs compared with gas systems.
Important suitability notes: the property lies in a medium flood-risk area and local crime is recorded as very high — factors that affect insurance and security considerations. The apartment is offered chain-free and can be sold with vacant possession, making it straightforward for immediate investment or owner-occupation once legal checks are complete.
This home suits an investor or buyer prioritising waterside lifestyle and rental potential over private outdoor space. Before committing, confirm lease length, communal maintenance arrangements, flood insurance availability, and the condition of electrical/heating installations through professional surveys.
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