£350,000
Est. Mortgage £1,597 per month*

Plot for sale

Worcester Street, Gloucester GL1
studio Flat studio Flat

Property description

A rare opportunity for development in Gloucester City Centre! The planning permission has been granted to accommodate a purpose built apartment building of 14 Apartments spread over FOUR floors, benefitting a court yard area, bin and Bike store.( subject to conditions)

The Situation
The property boasts a prime location, offering easy access to Gloucester Train Station, the vibrant new Forum development, and the popular Gloucester Quays.

Summary - Planning ref. 24/00721/FUL Gloucester City Council
Demolition of the existing buildings and erection of two four-storey buildings to provide 14 flats with a courtyard between the buildings, and altered vehicular access off Hare Lane to new drop off area..

Ground & first floors - 4 x 2 beds & 3 x 1 beds
Second & third floors- 2 x 2 beds & 5 x 1 beds

GDV we have anticipated the values when done
1 beds £140,000
2 beds £175,000
Total gross GDV £2,170,000
Valuations Estimated October 2025

Situation - The property is located in Gloucester, a Cathedral City and district in Gloucestershire. Gloucester lies on the River Severn, between the Cotswolds to the east and the Forest of Dean to the west, 19 miles (31 km) east of Monmouth and 17 miles (27 km) east of the border with Wales.

The surrounding area is mixed with commercial retail, residential and government buildings such as HM Land Registry and Gloucester Police Station all close by.

Tenure - Freehold

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First listed

Over a month ago

Worcester Street, Gloucester GL1

Marketed by

Appleby's Estate Agents - Highnam Unit 19.8 Highnam Business Centre Highnam, Gloucester GL2 8DN
Call agent on 01452 757827
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Placebuzz mortgage repayment calculator

Property price£
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Interest rate%
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Household income£
Monthly repayment
£1,597
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Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. 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.

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