Small two-bed buy-to-let with long lease and private parking, tenant in situ for immediate income..
2 bedrooms, one three-piece bathroom, compact 603 sq ft layout
Private off-street driveway parking included
Currently let — gross annual income £10,500
Long lease remaining (circa 963 years)
Buyer’s Premium applies on purchase — additional acquisition cost
Small overall size; better suited to investors or downsizers
Limited photos/details available; recommend inspection and Let Pack review
Tenant in situ under a year; tenant does not plan to vacate
A compact two-bedroom leasehold flat in GL1 offering straightforward buy-to-let appeal. The property is let and currently producing a gross annual rental income of £10,500, making it immediately income-producing for an investor seeking to expand a portfolio. The long lease (circa 963 years) and private off-street driveway parking are practical ownership advantages.
The flat is small (approximately 603 sq ft) with a traditional internal layout: two bedrooms, a three-piece bathroom, lounge and kitchen. The tenant has been in situ for under a year, pays rent reliably and does not intend to vacate, which supports stable short-term cashflow but means vacant-possession acquisition would require tenant cooperation or notice procedures.
Location-wise the property sits in a mixed terrace/flat neighbourhood in Gloucester close to local shops, transport and a range of schools (several rated Good or Outstanding). The area shows average crime and deprivation indicators; mobile signal and broadband speeds are good, which helps rental demand from working tenants.
Material considerations: the sale is leasehold and a Buyer’s Premium will be applied on sale — factor this into acquisition costs. The flat is small and will suit investors or buyers seeking modest living space rather than families wanting larger accommodation. There are limited published interior images and detailed condition reports in the listing, so buyers should review the Let Property Pack and arrange an inspection to confirm maintenance, refurbishment needs and compliance for managed tenancy transfer.