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New Street, Gloucester

South West

£160,000
Listed on 17/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
747 sqft

Description

This two-bedroom period terrace presents a significant renovation opportunity in a highly sought-after location within walking distance of Gloucester Quays and the City Centre. While the property requires modernisation, its generous proportions and classic features offer an appealing canvas for buyers looking to invest in their future. The layout includes a living room, a separate dining area, and a kitchen equipped with an oven and hob. On the ground floor, there is a wet room, providing added convenience. The second floor comprises two spacious double bedrooms along with a family bathroom. Although some updates are needed, the home benefits from gas central heating and double glazing throughout. A south-west facing rear garden further enhances the property's potential for outdoor leisure or gardening. Situated in the heart of Gloucester, this property allows easy access to local amenities, including shops, cafés, and restaurants. The nearby Gloucester Quays offers not only shopping but also entertainment options such as a cinema and waterfront dining experiences. The revitalised docks area adds charm with scenic walks and cultural attractions like the National Waterways Museum. For commuters, Gloucester Railway Station is conveniently close by, providing direct train services to key cities including Cheltenham, Bristol, Cardiff, and London. Road access is equally advantageous with quick connections to the A40, A417, and M5 motorways. Given its prime location and potential for value enhancement through renovation or investment, this property is an excellent choice for first-time buyers or investors seeking to capitalize on the thriving market in this historic city. Early viewings are encouraged to explore what this promising home has to offer.

Investment Analysis

(GL1 area)

Below Market Value

This property is priced -10.1% below area average per sq ft

-10.1%
Potential saving
This Property
£214/sq ft
Area Average
£238/sq ft
Avg Rent (weekly)
£286
Avg Yield
7.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£195,729
10% above area average per sq ft
Potential ROI
-2.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (GL1)

Area prices are falling by +6.9% over the last 12 months
3 year growth: -4.6%
5 year growth: 9.9%
Investment Disclaimer: Analysis based on GL1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

New Street, Gloucester
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£586
Based on a loan of £120,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE