Slaney Street, Gloucester

This property presents a compelling opportunity for investors seeking to acquire the freehold of two one-bedroom flats, located conveniently near the city centre. Both units require modernization, making it an ideal project for those looking to add value through renovation. With projected rental yields of approximately £900 per month per flat upon completion of updates, investors can anticipate a gross rental income of around £21,600 annually, which translates to an attractive 11% gross return based on the purchase price. The ground floor flat features essential living spaces including a lounge/dining room, kitchen/breakfast room, and a convenient shower room. The first-floor flat mirrors this layout with slight variations in dimensions. Each unit is equipped with mains drainage and electric heating systems. Additionally, the property offers gated side access to a rear garden with a storage area, providing further potential for enhancement or outdoor space improvement. This investment opportunity is both tenant and chain free, simplifying the acquisition process.