Flat 3, Spa Court, 4, Spa Road, Gloucester, Gloucestershire

Description

Leasehold ground floor flat. One bedroom, reception room open plan to kitchen, bathroom/wc. Outside: Patio.

Accommodation

One bedroom, reception room open plan to kitchen, bathroom/wc

Location

The property is located on Spa Road. A comprehensive range of shops, bars and restaurants can be found within Gloucester City Centre lying to the east. Public transport links are available at Gloucester Train Station along with a network of local bus services serving the surrounding areas. The property is served by road links including the A4301 located to the west and the A430 lying to the north. Recreational pursuits can be found locally.

Tenure / Property Information

Investment Analysis

Five completed sales for the same address range from £88,500 to £96,500, with the most recent at £90,000 on 30 April 2026. A base GDV of £90,000 is supported, with a low/high evidence range of £88,500–£96,500. The £75,000 guide represents a gross discount to the latest comparable, but lease length, service charge, ground rent, condition and any seller fees remain unknown.

Investment Snapshot

Strategy Recommendation

Proceed only subject to satisfactory review of the lease, service charge, ground rent, special conditions and property condition. The apparent guide-to-comparable discount is attractive on a gross basis, but the missing lease and income information prevents a firm investment recommendation.

Works Required

No specific defects or refurbishment requirements are evidenced. Confirm condition, specification and any required works before bidding; no works allowance has been assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £90,000 base GDV, 75% refinance is approximately £67,500. A complete BRRR assessment is not possible because refurbishment costs, rent, lease details, service charge, ground rent and total acquisition costs are unknown.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is provided. Service charge, ground rent and lease length are also awaited, preventing reliable net-income assessment.

Flip Analysis

The guide is £15,000 below the latest £90,000 same-property completed sale before the £1,800 documentation fee, any seller fees, finance, works and resale costs. A reliable flip surplus cannot be calculated without these missing costs.

Investor Risks & Due Diligence

• Lease length and lease terms are unknown.

• Annual service charge and ground rent are unknown, including the ground-rent review period and increases.

• No sufficiently specific rental evidence is available, so income and yield cannot be assessed.

• Property condition and any required refurbishment are not evidenced.

• The seller may charge additional completion fees under the special conditions.

• Parking and heating details are unavailable.

Recommendation

Proceed only subject to satisfactory review of the lease, service charge, ground rent, special conditions and property condition. The apparent guide-to-comparable discount is attractive on a gross basis, but the missing lease and income information prevents a firm investment recommendation.

Strategy Rating

Analysis Confidence

Exact-address completed sales provide useful GDV evidence, but lease terms, ongoing charges, rent, condition, parking, heating and possible seller fees are unavailable.