February, 2016
The city of Gloucester has undergone huge transformations in the last decade. A multi million pound investment by developer, The Peel Group, have transformed the Docks and Quays area from a dilapidated ship yard to a thriving residential, shopping and leisure quarter. Regeneration has filtered through the city with planning applications also in place to transform the Kings Quarter area, Blackfriars and Baker’s Quay which will see new housing, retail and leisure facilities.
Business and influential leaders say 2015 will be Gloucester’s biggest year. The Rugby World Cup was a huge success and saw thousands of tourists and rugby fans gravitate to the city to enjoy its unique atmosphere and passion for the game.
New businesses are moving to the city and retail outlets are making plans to expand. This positivity is reflected in the exceptionally high demand for rental properties in and around the city.
The property market in Gloucester has seen a steady growth over the last decade with house prices increasing by 7% in the last year (Rightmove 2015). Positivity in the market and below average house prices in Gloucestershire has brought numerous investors to the city looking for attractive rental yields and potential growth to add to their property portfolios.
Naylor Powell manage hundreds of properties in and around the City. “Landlords that invest in the right properties in Gloucester can expect minimal void periods and attractive returns on investment in comparison to some of the pricier parts of the County. With the impressive regeneration still going on at a pace we feel property in Gloucester can only be a good investment.” says James Birt, Director at Naylor Powell.
Below are a selection of properties in the city and their expected rental income:
Double Reynolds, Gloucester Docks. 1 bedroom apartment
Asking Price - £139,950
Projected Rental Income - £625pcm
Brunswick Square, Gloucester. 1 bedroom apartment
Asking Price - £84,950
Projected Rental Income - £495pcm
Albert Warehouse, Gloucester Docks. 2 bedroom apartment
Asking Price - £185,000
Projected Rental Income - £725pcm
Ribston Hall, Gloucester. 2/3 bedroom apartment
Asking Price - £165,000
Projected Rental Income - £695pcm
Quayside Way, Hempsted. 3 bedroom detached house
Rental Income Achieved - £850pcm
Pirton Meadow, Churchdown. 3 bedroom Terrace House
Rental Income Achieved - £725pcm
Alfred Street, Gloucester. 3 bedroom semi-detached house
Rental Income Achieved - £695pcm
With an office positioned in the heart of the docks we are able to offer the best advice as to where you should invest in the city. Call in for a chat at our Gloucester Docks branch or alternatively call to speak to one of our Lettings Negotiators on 01452 398010.
For further advice on becoming a Landlord please read our Landlords Guide found here
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