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Old Gloucester Street, London WC1N 2 bed flat for sale
Old Gloucester Street, London, WC1N
£750,000
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.