2 Bed Flat, Cash/Bridging Only, Swindon, SN25 2NU, £160,000

Holst Road, Swindon, SN25 2NU - 2 years ago

Leasehold
Cash
ROI: 3%
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£66K - £212K
Sold Prices/m²£1K/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£155,382

 

 

End Value (After Refurb)

£170,218

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Refurb Costs

£27,830

Bridging Loan Interest

£4,200

Total Cash In

£82,980

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£170,218

Mortgage (After Refinance)

£127,663

Mortgage LTV

75%

Cash Released

£7,663

Cash Left In

£75,317

Equity

£42,554

Rent Range

£800 - £1,100

Rent Estimate

£963

Running Costs/mo

£745

Cashflow/mo

£218

Cashflow/yr

£2,622

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £66K to £212K, average is £145K. £1K/m² to £3.5K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£132K09/200.14 mi30, Marbeck Close, Swindon SN25 2LT2
£145K11/200.14 miBarleygreen House, 50, Vaughan Williams Way, Swindon SN25 2GU2
£143.5K03/210.14 miGreendown House, 68a, Millgrove Street, Swindon SN25 2LR2
£165K12/220.16 mi75, Elgar Close, Swindon SN25 2HG2
£138.5K03/230.17 mi6, Denby Road, Swindon SN25 2FX2
£123.5K06/210.17 mi26, Denby Road, Swindon SN25 2FX2
£143K06/230.17 mi8, Denby Road, Swindon SN25 2FX2
£147.5K05/230.17 mi65, Doulton Close, Swindon SN25 2FT2
£140K02/210.17 mi33, Doulton Close, Swindon SN25 2FT2
£121K02/210.24 mi22a, Claydon Road, Swindon SN25 2ED2
£145K11/200.24 mi8, Claydon Road, Swindon SN25 2ED2
£150K06/210.24 mi12, Claydon Road, Swindon SN25 2ED2
£159K10/230.24 mi32, Willington Road, Swindon SN25 2HB2
£165K01/210.28 mi39, Dunley Close, Swindon SN25 2BL2
£162K02/230.3 mi45, Hayburn Road, Redhouse, Swindon SN25 2FD2
£177.5K12/220.31 mi41, Dunley Close, Swindon SN25 2BL2
£165K12/220.31 mi51, Hayburn Road, Redhouse, Swindon SN25 2FD2
£66K03/230.33 mi22, Chartwell Road, Redhouse, Swindon SN25 2ES2
£135K08/230.35 mi69, Vistula Crescent, Swindon SN25 1QG2
£145K04/230.36 mi15, Mazurek Way, Swindon SN25 1RF2
£135K05/230.38 mi2, Vistula Crescent, Swindon SN25 1QE2
£147K06/230.38 mi12, Vistula Crescent, Swindon SN25 1QE2
£145K04/210.38 mi31, Dovedale, Swindon SN25 2FH2
£149K06/210.39 mi8, Dovedale, Swindon SN25 2FH2
£139.5K12/200.39 mi14, Dovedale, Swindon SN25 2FH2
£165K01/230.39 mi7, Muirfield, Swindon SN25 2DD2
£142K11/210.39 mi2, Muirfield, Swindon SN25 2DD2
£205K07/230.44 mi24, Rysy Court, Swindon SN25 1TH2
£145K11/210.45 mi15, Granica Close, Haydon End, Swindon SN25 1TZ2
£155.5K05/230.45 mi16, Zakopane Road, Swindon SN25 1TQ2
£134K05/210.45 mi14, Zakopane Road, Haydon End, Swindon SN25 1TQ2
£129K03/210.45 mi16, Zakopane Road, Swindon SN25 1TQ2
£133.5K01/210.47 mi12, Thursday Street, Swindon SN25 1TW2
£177.5K09/230.48 mi46, Gaveller Road, Swindon SN25 2DQ2
£72.5K02/210.49 mi80, Redhouse Way, Swindon SN25 2AZ2
£135.5K04/210.49 mi42, Redhouse Way, Swindon SN25 2AZ2
£125K11/200.49 mi108, Redhouse Way, Swindon SN25 2AZ2
£140K09/210.49 mi72, Redhouse Way, Swindon SN25 2AZ2
£206K12/220.49 mi17, Jagoda Court, Swindon SN25 1TJ2
£127K05/210.49 mi56, Zakopane Road, Haydon End, Swindon SN25 1TQ2
£162.8K03/230.5 mi29, Havisham Drive, Swindon SN25 1TX2
£145K07/230.5 mi4, Bradshaw Court, Haydon End, Swindon SN25 1TY2
£149.5K12/200.53 mi60, Torun Way, Swindon SN25 1TA2
£148K06/230.53 mi50, Torun Way, Swindon SN25 1TA2
£212K12/220.53 mi35, Fitwell Road, Swindon SN25 2EZ2
£198K04/230.55 mi7, Maida Vale, Swindon SN25 1SZ2
£134.9K06/230.62 miFlat 3, Cedar Manor, Prospero Way, Swindon SN25 1SS2
£110K01/210.64 miFlat 5, The Chestnuts, Prospero Way, Swindon SN25 1ST2
£137.5K04/210.64 miFlat 3, The Chestnuts, Prospero Way, Swindon SN25 1ST2
£107K09/210.67 mi27, Dorney Road, Swindon SN25 2AD2

Local Rents

48 rents from £800/mo to £1.1K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£90009/240.02 miNorth Swindon2
£97009/240.04 miSymphony House, Swindon, Wiltshire2
£95009/240.05 miForte House, Truscott Avenue, Swindon, Wiltshire, SN252
£97009/240.06 miDyson Road, Swindon, Wiltshire2
£1,00008/240.08 mi-2
£90009/240.09 mi43 Truscott Avenue, Swindon, Wiltshire2
£95009/240.1 miArnell House, North Swindon2
£80010/230.1 mi-2
£90009/240.11 miBache House, Frankel Avenue, Swindon2
£95009/240.11 miMillgrove Street, Swindon2
£87509/240.11 miMarbeck Close, Swindon, Wiltshire, SN252
£90009/240.11 miMarbeck Close, Redhouse2
£90009/240.11 miMarbeck Close2
£89505/240.13 mi-2
£1,04509/240.13 miBache House, Swindon, Wiltshire2
£99509/240.15 miVaughan Williams Way, Redhouse, Swindon, Wiltshire, SN252
£87509/240.17 miBritten Road, SWINDON2
£97509/240.22 miDinton Close, Redhouse, Swindon2
£92509/240.23 miDelft Crescent, SWINDON2
£1,10009/240.25 miRedhouse Way, Swindon SN25 2GN2
£92511/230.26 mi-2
£95007/240.26 mi-2
£90004/240.27 mi-2
£95009/240.28 mi-2
£1,10002/250.29 mi-2
£95009/240.35 miMazurek Way, Haydon End, Swindon, SN25 1RF2
£1,10011/240.35 mi-2
£1,00009/240.36 mi40 Hayburn Road, Swindon, Wiltshire2
£85002/250.36 mi-2
£99511/230.36 mi-2
£92509/240.39 miMuirfield, Redhouse2
£99506/240.39 mi-2
£1,10009/240.4 miMazurek Way, SWINDON2
£1,00009/240.4 miMuirfield, Swindon, SN252
£95009/240.42 miBirkdale Close, SWINDON2
£99509/240.43 miAriadne Road, Oakhurst, Swindon, Wiltshire, SN252
£97009/240.44 miVistula Crescent, Swindon, Wiltshire2
£1,00009/240.45 miZakopane Road, Haydon End, Swindon, Wiltshire, SN252
£92509/240.47 miTorun Way, Swindon, SN252
£92509/240.47 miTorun Way, Swindon, SN252
£1,05009/240.48 miJagoda Court, Swindon SN25 1TJ2
£89509/240.5 miBradshaw Court, Haydon End, Swindon2
£1,05009/240.5 miBradshaw Court, SWINDON2
£97509/240.51 miEyre Close, Swindon2
£97508/240.53 mi-2
£89509/240.55 miEstella Close, Swindon, Wiltshire2
£1,10009/240.57 miGreene Street, Tadpole Garden Village, Swindon, Wiltshire, SN252
£97509/240.57 miWest Highland Road, Ash Brake, Swindon2

Local Area Statistics

Population in SN25

35,153

Population in Swindon

211,186

Town centre distance

2.71 miles away

Nearest school

0.30 miles away

Nearest train station

2.90 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £160,000

August 18, 2023

Floor Plans

Description

  • NO ONWARD CHAIN +

  • TWO BEDROOMS +

  • First floor Flat +

  • Allocated parking with Private Car Park +

  • Great for first time buyers +

  • Situated in Blunsdon Saint Andrews North Swindon +

  • Close by to shops and amentities +

SUMMARY
Selling with NO ONWARD CHAIN! A great opportunity to acquire this TWO BEDROOM FIRST FLOOR FLAT Perfect for first time buyers or investors. Conveniently situated in the residential area of Blunsdon St Andrew close to local amenities, shops, and schools. PARKING.

DESCRIPTION
NO ONWARD CHAIN A TWO BEDROOM first floor apartment within a complex of just four apartments. Situated in the Blundson St Andrew area of North Swindon. An ideal purchase for someone who is looking for their first ever home. Close to local amenities including the Orbital Shopping Park, and providing easy access to the A419.

The property has been well presented and decorated with a modern feel throughout with majority of the flooring being solid oakwood. Comprises of communal Entrance Hall with entry phone system, Entrance Hall leading to an open plan dual aspect living space, Kitchen, Two Double Bedrooms and a Bathroom. The kitchen,bathroom and en-suite benifits from high quality tiles. Externally is allocated parking for both residents and visitors within a private car park.

Accommodation 

Entrance Hall 
Doors leading to the communal area. Doors leading to all bedroom, family bathroom and lounge. Loft access. Storage cupboard. Solid Oakwood Flooring. Intercom. Radiator.

Lounge 13' 3" x 13' 4" ( 4.04m x 4.06m )
Double glazed doors to the rear aspect with Juliette Balcony. Television point. Telephone point. Opening leading to the kitchen.Solid Oakwood Flooring. Radiator.

Kitchen 6' 8" x 13' 4" ( 2.03m x 4.06m )
Double Glazed window to the rear aspect, Fully fitted kitchen with a range of wall and base units comprising of cupboards and drawers. One and a half sink with drainer and mixer tap. Tiled floor. Tiled splash back to water sensitive areas. Space and plumbing for washing machine. Space for Fridge Freezer. Intergrated oven with four ring gas hob and cooker hood. Boiler

Bedroom One 9' 6" x 13' 2" narrowing to 10' ( 2.90m x 4.01m narrowing to 3.05m )
Double glazed window to the front aspect. Solid Oakwood flooring. Access to the master bedroom Ensuite.Radiator.

En-Suite 
Obscure double glazed window to the front aspect. Tiled flooring. Shower. W/C. Partially tiled to water sensitive areas.

Bedroom Two 10' 7" x 6' 7" ( 3.23m x 2.01m )
Double glazed window to the rear aspect. Solid Oakwood Flooring Radiator.

Bathroom 
Obscure double glazed window to the rear aspect. three piece suite comprising of Paneled bath with mixer tap, W/C, wash hand baisn with vanity. Shave point. Tiled floors. Partially tiled to water sensitive areas.

Agent Note: 
This is for Cash buyers. For further information please contact the branch

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Swindon (North)

01793 540170

Next Steps?

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