Pillowell Drive, Gloucester GL1

Property Details: - Type: Terraced house - Bedrooms: 12 - Bathrooms: 6

Agent: G R Estates - Normanby Phone: 01642 966500

<p><strong>5 & 7 Pillowell Drive, Gloucester, GL1 3NA</strong><br/><strong>Modern Method Of Auction – Pair Of Six Bedroom HMO Townhouses</strong></p><p>A rare chance to acquire two adjoining HMO townhouses, sold together as one lot and providing a total of 12 bedrooms across two three-storey properties. Sold with tenants in situ and currently producing a gross annual income of £54,000, this is a ready-made investment opportunity with income from day one.</p><p><strong>5 Pillowell Drive – Six Bedroom HMO Townhouse</strong><br/>Arranged over three floors, this property offers six bedrooms, a kitchen diner, shower room, bathroom and en-suite. A strong, practical layout for HMO use, with generous bedroom sizes and established rental income already in place.</p><p><strong>7 Pillowell Drive – Six Bedroom HMO Townhouse</strong><br/>Also arranged over three floors, this adjoining property offers a further six bedrooms, kitchen diner, shower room, bathroom and en-suite, along with the added benefit of a conservatory. Together, both properties create a substantial 12-bedroom investment package.</p><p><strong>Rental & Investment Appeal</strong></p><ul><li><p>Current gross annual income of £54,000</p></li><li><p>Sold with tenants in situ, providing immediate income</p></li><li><p>Located close to Gloucester Royal Hospital</p></li><li><p>Strong appeal for HMO investors and portfolio landlords</p></li><li><p>Two adjoining properties sold as one lot</p></li><li><p>A ready-made, income-producing investment opportunity</p></li></ul><p><strong>External & Practical Benefits</strong></p><ul><li><p>Rear gardens to both properties</p></li><li><p>Two garages</p></li><li><p>Off road parking</p></li><li><p>UPVC double glazing</p></li><li><p>Gas radiator central heating</p></li><li><p>Mains gas, electric, water and drainage</p></li></ul><p><strong>Overall Opportunity</strong></p><ul><li><p>Ideal for investors seeking an established HMO portfolio addition</p></li><li><p>12 bedrooms across two adjoining townhouses</p></li><li><p>Income in place from day one</p></li><li><p>Attractive Gloucester location with strong rental demand</p></li><li><p>Offered for sale via Modern Method Of Auction</p></li></ul><p><strong>Auctioneers Comments </strong></p><p>This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).</p><p>If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.</p><p>The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.</p><p>Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.</p>