# 1 bedroom flat for rent (GL1 1HX)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 3, 16 ST MICHAELS SQUARE, GLOUCESTER, GLOUCESTERSHIRE GL1 1HX |
| Price | £475 pcm |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Construction age | England and Wales: 1900-1929 |
| Floor area | 47 m² |
| Last sold | £80,000 Jun 2021 |

## EPC Rating & Upgrade Cost

- **Current rating:** D
- **Potential rating:** B
- **Expiry date:** 17/07/2034
- **Current heating cost:** £670/year
- **Est. upgrade cost to C:** £10,023

### Recommendations
- Q (£4,000 - £14,000)
- C (£15 - £30)
- L2 (£800 - £1,200)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/2901-7645-1116-1950-1899)

## Description

UNFURNISHED one bedroom flat situated on the first floor of a converted period building.

12'10 x 11'10 (min) Sitting/Dining Room l 8'2 x 5'10 Kitchen l 15'3 x 8'1 (min) Bedroom l Bathroom l GFCH l Residents Parking Permit Available In The Road l Walking Distance of the City

The Landlord is having new carpets fitted prior to the start of the next tenancy

AVAILABLE EARLY JULY 2018

AGENTS NOTES:

1) The Landlord of this property does not accept Tenants using benefits.

2) The Landlord of this property 'may' accept Tenants with pets subject to an additional deposit of £150 per pet.

3) The fees payable by a prospective tenant/s for the referencing are £90 (inc VAT) per person over the age of 18 who will be living at the property

4) If a prospective tenant/s required a guarantor in order to pass the referencing process then the fees for this are £60 (inc VAT) per guarantor

5) The administration fees payable by a prospective tenant/s are £120 (inc VAT) includes the reservation of the property

6) At the start of the tenancy a prospective tenant/s will need to pay the first month's rent (£475.00) in advance together with a deposit of that is equivalent to one & a half month's rent (£712.50)

Property ref: 121_1618_2504572

## Property Photos

- ![First Floor Flat](/listings/photos/65638465/1311672) - First Floor Flat
- ![Living Room](/listings/photos/65638465/1311673) - Living Room
- ![Kitchen](/listings/photos/65638465/1311674) - Kitchen
- ![Bedroom](/listings/photos/65638465/1311675) - Bedroom
- ![Bathroom](/listings/photos/65638465/1311676) - Bathroom

## Floorplans

- ![Floorplan 1](/listings/photos/65638465/1311677) - Floorplan 1
- ![Floorplan 2](/listings/photos/65638465/1311687) - Floorplan 2

## EPC Graphs

- ![EER](/listings/photos/65638465/1311688) - EER
- ![EIR](/listings/photos/65638465/1311689) - EIR

## Rental Range

*ONS Price Index of Private Rents (Gloucester). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £995/mo
- **Realistic:** £1,105/mo
- **Optimistic:** £1,216/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Worcester South (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £567/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 1 Bed Flat, Union St, GL1 | £900/mo | 1 | 0.57 miles | OpenRent |

**Average rent: £900/mo (1 listing)**

## Rent-driven metrics

*Based on OpenRent comparables (median £900/mo).*

- **Gross yield:** 2273.7%
- **Monthly cashflow:** £783/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 6822.2%

*Gross yield = annual rent as % of price (no costs). Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Price per Square Metre

- **£/m²:** £10/m²

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)