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Melbourne Street East, Gloucester

South West

£215,000

Listed on 03/07/2026

Property details

Bedrooms
3
Type
Detached
Area
798 sqft

Description

Nestled in a sought-after residential area on the fringe of Gloucester City Centre, this three-bedroom detached home presents an excellent opportunity for those looking to invest or customize their living space. The property features two spacious reception areas, perfect for modern family living or entertaining guests, along with a sizable rear garden that could be transformed into an outdoor retreat. Buyers can see potential not just for personalisation but also for rental income, estimated at around £1,000 per month. The entrance leads into a hallway providing access to both the living and dining rooms, each flooded with natural light. The kitchen offers a galley layout with sufficient counter space and storage for various appliances, though it may require updates to meet contemporary standards. A shower room is conveniently located on the ground floor. Upstairs, three generous double bedrooms await, all benefiting from ample light and space. This property also includes an outbuilding in the garden, adding extra storage or potential workspace. Strategically positioned within walking distance of Gloucester's amenities and transport links—including the newly developed bus station and direct train services—this home offers both comfort and convenience. It is sold with no onward chain, allowing for a straightforward purchase process.

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Investment analysis

(GL1 area)

Above Market Value

This property is priced +14.2% above area average per sq ft

+14.2%
This Property
£269/sq ft
Area Average
£236/sq ft
Avg Rent (weekly)
£226
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£207,117
10% above area average per sq ft
Potential ROI
-13.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (GL1)

Area prices are rising by +2.6% over the last 12 months
3 year growth: -1.2%
5 year growth: +8.5%
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

Melbourne Street East, Gloucester
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£812
Based on a loan of £161,250 over 30 years at 4.45% 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.

Stamp duty calculator

Next Steps

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