Slaney Street, Gloucester

This property presents a rare opportunity for investors or developers to acquire the freehold of two one-bedroom flats, both requiring updating and situated conveniently near the city centre. Currently tenant and chain-free, the flats were originally a single dwelling converted roughly 20 years ago, offering potential for reversion back into a house with appropriate permissions. Given the projected rental income of around £900 per month for each flat after renovation, this investment could yield approximately £21,600 annually, equating to an impressive gross return of about 11% based on asking price. The ground floor flat features an entrance leading into a spacious lounge/dining room, alongside a kitchen/breakfast area and shower room. The first-floor flat mirrors much of this configuration with its own unique characteristics. Furthermore, the property includes gated side access to a rear garden with a storage shed, adding value and potential appeal.