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70 Eastgate Street, Gloucester, Gloucestershire, GL1 1QN - Image 1
70 Eastgate Street, Gloucester, Gloucestershire, GL1 1QN - Image 2
70 Eastgate Street, Gloucester, Gloucestershire, GL1 1QN - Image 3
70 Eastgate Street, Gloucester, Gloucestershire, GL1 1QN - Image 4
70 Eastgate Street, Gloucester, Gloucestershire, GL1 1QN - Image 5
70 Eastgate Street, Gloucester, Gloucestershire, GL1 1QN - Image 6
70 Eastgate Street, Gloucester, Gloucestershire, GL1 1QN - Image 7
70 Eastgate Street, Gloucester, Gloucestershire, GL1 1QN - Image 8
70 Eastgate Street, Gloucester, Gloucestershire, GL1 1QN - Image 9
70 Eastgate Street, Gloucester, Gloucestershire, GL1 1QN - Image 10
70 Eastgate Street, Gloucester, Gloucestershire, GL1 1QN - Image 11
70 Eastgate Street, Gloucester, Gloucestershire, GL1 1QN - Image 12
70 Eastgate Street, Gloucester, Gloucestershire, GL1 1QN - Image 13
70 Eastgate Street, Gloucester, Gloucestershire, GL1 1QN - Image 14
70 Eastgate Street, Gloucester, Gloucestershire, GL1 1QN - Image 15

70 Eastgate Street, Gloucester, Gloucestershire, GL1 1QN

South West

£140,000
Listed on 26/03/2026

Property Details

Bedrooms
N/A
Type
Convenience Store
Area
1378 sqft

Description

This grade II listed commercial office building, situated in the vibrant centre of Gloucester, represents a noteworthy investment opportunity. Currently configured for commercial purposes, the layout includes multiple office spaces along with essential facilities such as a kitchen and WC areas. However, what truly sets this property apart is its potential for redevelopment into residential flats, appealing to developers looking to convert commercial space in compliance with planning regulations. The notable features of this property include its prime location, offering convenient access to major transport routes including the M5 motorway. As Gloucester continues to evolve as a city, this property stands poised for transformation, making it an enticing project for those with vision. The current rateable value of £9,200 is set to increase in April 2026, indicating growth potential. With vacant possession upon sale and freehold tenure under advisement, the groundwork is laid for innovative redevelopment that could significantly enhance value.

Investment Analysis

(GL1 area)

Below Market Value

This property is priced -57.5% below area average per sq ft

-57.5%
Potential saving
This Property
£102/sq ft
Area Average
£239/sq ft
Avg Rent (weekly)
£246
Avg Yield
6.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£362,200
10% above area average per sq ft
Potential ROI
+39.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (GL1)

Area prices are falling by -4.2% over the last 12 months
3 year growth: -3.3%
5 year growth: +8.1%
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

70 Eastgate Street, Gloucester, Gloucestershire, GL1 1QN
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£505
Based on a loan of £105,000 over 30 years at 4.06% 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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