This property is no longer on the market
5 bedroom terraced house
Key information
Property description & features
- Tenure: Freehold
- Five Bedroom Fully Licensed HMO
- Popular & Central Location
- 11.45% Yield
- Fully Let Until July 2025
- Newly Fitted Bathroom
- Fantastic Investment Opportunity
- Enclosed Rear Garden
- Superb Rental History
- EPC Rating: D
Murdock & Wasley Estate Agents are excited to present this outstanding investment opportunity on Gloucester's renowned Rainbow Street, St. Marks. With a yield exceeding 11%, this property features five double bedrooms, all currently let until July 2025.
Murdock & Wasley Estate Agents are thrilled to bring to the market this exceptional investment opportunity located on the iconic Rainbow Street in St. Marks, Gloucester. This area is well-known for its vibrant community and popularity among students, making it a prime location for rental properties.
The property boasts a strong yield of over 11%, providing an excellent return on investment. It features five spacious double bedrooms, all of which are currently let with tenancies secured until July 2025, ensuring a steady income stream for the foreseeable future.
Recently granted a House in Multiple Occupation (HMO) license, which is valid until 2029, the property is fully compliant with all regulations, enhancing its appeal to investors. The accommodation is beautifully presented, offering modern, well-maintained living spaces that are sure to attract and retain tenants.
In addition to the high-quality interiors, the property also benefits from an enclosed rear garden, providing a private outdoor space that adds significant value. Given its prime location, strong rental yield, and secure tenancies, this is an investment opportunity that should not be overlooked.
Rental Return - Each room is currently agreed at £525pcm although we have been advised that each room from July 2025 will achieve £600pcm.
Based on the current figures the current yield is:
Yield = (£275,000 /£31,500) × 100 ˜ 11.45%
Tenure - Freehold
Services - Mains water, gas, electricity and drainage.
Local Authority - Gloucester City Council
Council Tax Band: B
Awaiting Vendor Approval - These details are yet to be approved by the vendor and may be subject to change. Please contact the office for more information.
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Property reference 33323591. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Murdock & Wasley Estate Agents - Longlevens.
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Broadband availability and predicted speed: obtained from Ofcom on April 20, 2022
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Mobile phone signal availability and predicted strength: obtained from Ofcom on April 20, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
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Energy Performance data and Internal floor area: obtained on November 29, 2023 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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