# 2 bedroom apartment for rent (GL1 3LE)

## Property Details

| Key | Value |
|-----|-------|
| Address | St James House, Harescombe Drive, Gloucester, GL1 3LE |
| Price | £650 pcm |
| Bedrooms | 2 |
| Last sold | £140,000 |

## Description

Belvoir are pleased to offer this newly decorated, two bedroom apartment located on the ground floor assists in making this home outstanding. Offered on an unfurnished basis, the accommodation provides a lounge; extremely well co-ordinated contemporary style kitchen with appliances; two bedrooms and a bathroom with shower over the bath. This well presented property further provides an ensuite bathroom, allocated parking, entry-phone system and electric heating. EPC: C70/C74.

Tenant Fee Structure (all figures inclusive of VAT)

Application Fees

First Applicant: £325.00 - non-refundable fee covering the administration cost of processing first applicant

Additional: £125.00 - non-refundable fee covering the administration cost of processing each additional individual application.

Guarantor: £125.00 - non-refundable application fee covering the administration cost of processing a guarantor.

N.B.

Application Fees are payable in order hold the property whilst referencing is undertaken.

Guarantors will be contractually obliged to pay any monies due in the event of default by the tenant.

Application requirements include, but are not limited to:

• Annual gross salary calculated at 2.5 times annual rent.

• Positive: Right to Rent, Credit Rating, Earnings Validation & Landlord reference if applicable.

Guarantor applications require annual gross earnings calculated at 3 times annual rent.

Additional Fees

Checkout fee: £40 end of tenancy check out (unfurnished).

Checkout fee: £50 end of tenancy check out (furnished).

Breach letter: £25 per letter sent regarding breach of tenancy

New contract: £60 if no further referencing is required

Landlord Fee Structure (all figures inclusive of VAT)

Let Only: 90% payable for each let to a tenant introduced by The Agent, payable on commencement of tenancy and deducted from the rent collected at the commencement of tenancy.

N.B. equivalent non inclusive VAT figure = 75% plus VAT

Full Management: 13.20% of the rent, deducted from the rent as received each month.

£210.00 payable on commencement of each new tenancy.

N.B. equivalent non inclusive VAT figures = 11% & £175 plus VAT

## Property Photos

- ![Photo](/listings/photos/65806663/1327932)
- ![Photo](/listings/photos/65806663/1327933)
- ![Photo](/listings/photos/65806663/1327934)
- ![Photo](/listings/photos/65806663/1327935)
- ![Photo](/listings/photos/65806663/1327936)
- ![Photo](/listings/photos/65806663/1327937)

## 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):** £698/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 |
|------|------|------|------|------|
| 2 Bed End Terrace, Hamer St, GL1 | £1,050/mo | 2 | 0.25 miles | OpenRent |

**Average rent: £1,050/mo (1 listing)**

## Rent-driven metrics

*Based on OpenRent comparables (median £1,050/mo).*

- **Gross yield:** 1938.5%
- **Monthly cashflow:** £917/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 5840.5%

*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).*

## 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)