Old Gloucester Street, London WC1N 2 bed flat for sale

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Old Gloucester Street, London WC1N 2 bed flat for sale

Old Gloucester Street, London, WC1N
£750,000

Price History

Initial price £1,000,000
21/08/24 £900,000
29/08/24 £895,000
07/09/24 £890,000
14/09/24 £850,000
18/09/24 £825,000
21/09/24 £845,000
03/10/24 £825,000
10/10/24 £820,000
16/10/24 £800,000
24/10/24 £795,000
30/10/24 £790,000
06/11/24 £785,000
13/11/24 £780,000
20/11/24 £775,000
12/03/25 £725,000
19/03/25 £720,000
25/03/25 £715,000
02/04/25 £790,000
08/04/25 £785,000
16/04/25 £780,000
26/04/25 £775,000
30/05/25 £750,000
Price Change -25.00%

Description

This property portfolio consists of two self-contained flats within a single property in the desirable area of Gloucester, London. The ground floor flat boasts a spacious bedroom, two bathrooms, and a modern living area, while the basement flat features a cozy open-plan layout, one bedroom, and one bathroom, making it ideal for single occupants or couples. The property currently generates an annual gross income of £51,600, which could be increased to £72,000 with long-term tenants already in place. With a purchase price that offers a worthwhile addition to an investor's portfolio, this property presents a lucrative opportunity. The current tenants, who have lived in the property for several years, have consistently paid their rent and have no intention of moving out, ensuring a smooth transition for the new owner.