A terraced house in Gloucester is heading to auction with a guide price of just £110,000. The two-bed Edwardian terrace on Wellesley Street is being sold at auction with Bond Wolfe on February, 6, 2025.
With other homes on the street selling for an average of £179k in the last year, the auction could give buyers the chance to get a real bargain. The auctioneers say the property could make a perfect home for first time buyers or for landlords expanding their portfolio.
Gurpreet Bassi, chief executive of Bond Wolfe, explained that the property stands flush to the pavement in the popular residential area of Tredworth, south of Gloucester city centre and close to Ribston Hall High School.
Mr Bassi said: “16 Wellesley Street is one of those solid and attractive Edwardian terraces that is always popular with first-time buyers and people looking to rent a home. The property has a hall, reception room, open plan kitchen and dining room, rear lobby and shower room with toilet on the ground floor. Upstairs is a landing with two bedrooms, with gas central heating and double glazing throughout and a rear garden.”
The home boasts a large kitchen and dining area with a skylight bringing in plenty of natural light, along with two good size bedrooms and a rear garden.”
Overall, the historical sold prices in Wellesley Street over the last year were 8% up on the previous year and similar to the 2021 peak of £177,667. The Gloucester property will be among scores of lots appearing in Bond Wolfe’s next auction which is due to start at 8.30am on Thursday, February 6.
The auction will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet. For more details and to register to bid visit https://www.bondwolfe.com/auctions/properties/, email auctions@bondwolfe.com or call or call 0121 312 1212 or 01902 928 510.