19 Cromwell Street

A substantial terraced property positioned in the heart of Gloucester, offering eight bedrooms across the main house and a self-contained rear studio flat — the latter with its own private garden and separate entrance, providing additional income flexibility or independent accommodation. The main house provides two ground floor reception rooms (each readily convertible to bedroom use), a kitchen and shower room on the ground floor, three bedrooms and a shower room on the first floor, and two further bedrooms on the second floor. Off-road parking for multiple vehicles is provided — a significant advantage in this central city location.

The property was previously licensed as an HMO (licence expired April 2025) and has been freshly painted and carpeted throughout. A recently installed fire alarm system and a current Electrical Installation Condition Report (EICR) are in place, providing a sound safety platform. Further refurbishment is required to bring the property to its full potential as a licensed HMO investment or large residential home.

At the asking price of £375,000, and with an estimated rental income of approximately £4,500 per month (£54,000 per annum) across eight lettable rooms, the property offers an estimated gross yield of circa 14% — subject to refurbishment and HMO relicensing. The self-contained rear studio flat with its own entrance and private garden provides a further income stream, or flexibility for owner-occupation alongside letting.

The property has previously operated as a licensed HMO with essential safety infrastructure already in place. There is no planning permission currently in place for HMO use — a prospective investor will need to pursue either a Certificate of Lawful Existing Use and Development (CLEUD) or a planning application as part of the acquisition strategy. The asking price reflects both the refurbishment requirement and the planning position, presenting an opportunity to acquire a large city centre asset at a meaningful discount to its income-producing potential.

19 Cromwell Street sits within easy walking distance of Gloucester's historic city centre, the regenerated Gloucester Quays shopping and leisure complex, and both Gloucester bus and train stations — the latter offering direct services to London Paddington and Bristol. Gloucester is a growing city with a significant student population from the University of Gloucestershire, a major NHS employer base, and the broader economic pull of nearby Cheltenham — home to GCHQ and a strong financial and professional services sector.

Gloucester Quays has transformed the city's Victorian docklands into a destination retail and leisure venue, while the Cathedral Quarter anchors an expanding independent dining and culture scene. The M5 motorway provides fast connections south to Bristol (30 minutes) and north to Birmingham and beyond.

GROUND FLOOR

Entrance Hall
Access to ground floor rooms and staircase to upper floors.

Reception Room 1
Front reception room — suitable for use as a bedroom or communal living space.

Reception Room 2
Second reception room — suitable for use as a bedroom or dining room.

Kitchen
Kitchen with access to rear.

Shower Room
Ground floor shower room.

FIRST FLOOR

Bedroom 1
First floor bedroom.

Bedroom 2
First floor bedroom.

Bedroom 3
First floor bedroom.

Shower Room
First floor shower room.

SECOND FLOOR

Bedroom 4
Second floor bedroom.

Bedroom 5
Second floor bedroom.

REAR

Studio Flat
Self-contained studio flat with private garden and separate entrance.

EXTERNAL

Front
Off-road parking for multiple vehicles.

Rear Garden
Private garden serving the self-contained studio flat.