2 Bed Flat, Cash/Bridging Only, Swindon, SN25 2NX, £135,000

Dyson Road, Swindon, Wiltshire, SN25 2NX - 2 years ago

Leasehold
Cash
ROI: 5%
~59 m²
+4 photos

ValuationFair Value

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

 

 

Square Metres

~58.53 m²
Price/m²£2.3K/m²

Value Estimate

£133,525

 

 

End Value (After Refurb)

£146,325

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£7,950

Refurb Costs

£23,915

Bridging Loan Interest

£3,544

Total Cash In

£70,909

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£146,325

Mortgage (After Refinance)

£109,744

Mortgage LTV

75%

Cash Released

£8,494

Cash Left In

£62,415

Equity

£36,581

Rent Range

£800 - £1,150

Rent Estimate

£968

Running Costs/mo

£671

Cashflow/mo

£297

Cashflow/yr

£3,566

ROI

5%

Gross Yield

9%

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 
£145K11/200.17 miBarleygreen House, 50, Vaughan Williams Way, Swindon SN25 2GU2
£132K09/200.18 mi30, Marbeck Close, Swindon SN25 2LT2
£143.5K03/210.19 miGreendown House, 68a, Millgrove Street, Swindon SN25 2LR2
£165K12/220.19 mi75, Elgar Close, Swindon SN25 2HG2
£138.5K03/230.22 mi6, Denby Road, Swindon SN25 2FX2
£123.5K06/210.22 mi26, Denby Road, Swindon SN25 2FX2
£143K06/230.22 mi8, Denby Road, Swindon SN25 2FX2
£147.5K05/230.22 mi65, Doulton Close, Swindon SN25 2FT2
£140K02/210.22 mi33, Doulton Close, Swindon SN25 2FT2
£121K02/210.27 mi22a, Claydon Road, Swindon SN25 2ED2
£145K11/200.27 mi8, Claydon Road, Swindon SN25 2ED2
£150K06/210.27 mi12, Claydon Road, Swindon SN25 2ED2
£159K10/230.27 mi32, Willington Road, Swindon SN25 2HB2
£162K02/230.31 mi45, Hayburn Road, Redhouse, Swindon SN25 2FD2
£165K12/220.31 mi51, Hayburn Road, Redhouse, Swindon SN25 2FD2
£165K01/210.33 mi39, Dunley Close, Swindon SN25 2BL2
£66K03/230.34 mi22, Chartwell Road, Redhouse, Swindon SN25 2ES2
£177.5K12/220.36 mi41, Dunley Close, Swindon SN25 2BL2
£149K06/210.38 mi8, Dovedale, Swindon SN25 2FH2
£139.5K12/200.38 mi14, Dovedale, Swindon SN25 2FH2
£145K04/210.38 mi31, Dovedale, Swindon SN25 2FH2
£135K08/230.39 mi69, Vistula Crescent, Swindon SN25 1QG2
£145K04/230.41 mi15, Mazurek Way, Swindon SN25 1RF2
£135K05/230.42 mi2, Vistula Crescent, Swindon SN25 1QE2
£147K06/230.42 mi12, Vistula Crescent, Swindon SN25 1QE2
£165K01/230.43 mi7, Muirfield, Swindon SN25 2DD2
£142K11/210.43 mi2, Muirfield, Swindon SN25 2DD2
£205K07/230.48 mi24, Rysy Court, Swindon SN25 1TH2
£145K11/210.5 mi15, Granica Close, Haydon End, Swindon SN25 1TZ2
£155.5K05/230.5 mi16, Zakopane Road, Swindon SN25 1TQ2
£134K05/210.5 mi14, Zakopane Road, Haydon End, Swindon SN25 1TQ2
£129K03/210.5 mi16, Zakopane Road, Swindon SN25 1TQ2
£177.5K09/230.51 mi46, Gaveller Road, Swindon SN25 2DQ2
£72.5K02/210.52 mi80, Redhouse Way, Swindon SN25 2AZ2
£135.5K04/210.52 mi42, Redhouse Way, Swindon SN25 2AZ2
£125K11/200.52 mi108, Redhouse Way, Swindon SN25 2AZ2
£140K09/210.52 mi72, Redhouse Way, Swindon SN25 2AZ2
£133.5K01/210.52 mi12, Thursday Street, Swindon SN25 1TW2
£206K12/220.54 mi17, Jagoda Court, Swindon SN25 1TJ2
£127K05/210.54 mi56, Zakopane Road, Haydon End, Swindon SN25 1TQ2
£162.8K03/230.55 mi29, Havisham Drive, Swindon SN25 1TX2
£145K07/230.55 mi4, Bradshaw Court, Haydon End, Swindon SN25 1TY2
£212K12/220.56 mi35, Fitwell Road, Swindon SN25 2EZ2
£149.5K12/200.57 mi60, Torun Way, Swindon SN25 1TA2
£148K06/230.57 mi50, Torun Way, Swindon SN25 1TA2
£198K04/230.6 mi7, Maida Vale, Swindon SN25 1SZ2
£134.9K06/230.67 miFlat 3, Cedar Manor, Prospero Way, Swindon SN25 1SS2
£107K09/210.68 mi27, Dorney Road, Swindon SN25 2AD2
£110K01/210.68 miFlat 5, The Chestnuts, Prospero Way, Swindon SN25 1ST2
£137.5K04/210.68 miFlat 3, The Chestnuts, Prospero Way, Swindon SN25 1ST2

Local Rents

48 rents from £800/mo to £1.1K/mo, average is £960/mo.

RentDateDistanceAddressBeds 
£97009/240.01 miDyson Road, Swindon, Wiltshire2
£95009/240.05 miForte House, Truscott Avenue, Swindon, Wiltshire, SN252
£97009/240.06 miSymphony House, Swindon, Wiltshire2
£90009/240.06 miNorth Swindon2
£1,00008/240.1 mi-2
£90009/240.12 mi43 Truscott Avenue, Swindon, Wiltshire2
£80010/230.13 mi-2
£95009/240.14 miArnell House, North Swindon2
£90009/240.15 miBache House, Frankel Avenue, Swindon2
£87509/240.15 miMarbeck Close, Swindon, Wiltshire, SN252
£90009/240.15 miMarbeck Close, Redhouse2
£90009/240.15 miMarbeck Close2
£95009/240.15 miMillgrove Street, Swindon2
£87509/240.17 miBritten Road, SWINDON2
£89505/240.18 mi-2
£1,04509/240.18 miBache House, Swindon, Wiltshire2
£99509/240.18 miVaughan Williams Way, Redhouse, Swindon, Wiltshire, SN252
£97509/240.23 miDinton Close, Redhouse, Swindon2
£92509/240.27 miDelft Crescent, SWINDON2
£92511/230.29 mi-2
£95007/240.29 mi-2
£1,10002/250.29 mi-2
£90004/240.3 mi-2
£1,10009/240.3 miRedhouse Way, Swindon SN25 2GN2
£95009/240.33 mi-2
£1,10011/240.36 mi-2
£1,00009/240.37 mi40 Hayburn Road, Swindon, Wiltshire2
£99511/230.39 mi-2
£95009/240.4 miMazurek Way, Haydon End, Swindon, SN25 1RF2
£85002/250.4 mi-2
£92509/240.43 miMuirfield, Redhouse2
£1,00009/240.43 miMuirfield, Swindon, SN252
£99506/240.44 mi-2
£1,10009/240.45 miMazurek Way, SWINDON2
£95009/240.45 miBirkdale Close, SWINDON2
£99509/240.45 miAriadne Road, Oakhurst, Swindon, Wiltshire, SN252
£97009/240.49 miVistula Crescent, Swindon, Wiltshire2
£1,00009/240.5 miZakopane Road, Haydon End, Swindon, Wiltshire, SN252
£92509/240.52 miTorun Way, Swindon, SN252
£92509/240.52 miTorun Way, Swindon, SN252
£1,05009/240.53 miJagoda Court, Swindon SN25 1TJ2
£1,10009/240.54 miGreene Street, Tadpole Garden Village, Swindon, Wiltshire, SN252
£89509/240.55 miBradshaw Court, Haydon End, Swindon2
£1,05009/240.55 miBradshaw Court, SWINDON2
£97509/240.55 miEyre Close, Swindon2
£97508/240.58 mi-2
£97509/240.58 miWest Highland Road, Ash Brake, Swindon2
£1,15006/240.58 mi-2

Local Area Statistics

Population in SN25

35,153

Population in Swindon

211,186

Town centre distance

2.74 miles away

Nearest school

0.30 miles away

Nearest train station

2.93 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Price changed to £135,000

March 4, 2025

Listed for £150,000

September 14, 2023

Floor Plans

Description

  • Stunning Two Bedroom Top Floor Apartment +
  • No Onward Chain +
  • Ensuite To Master Bedroom +
  • 'Juliette' Balcony +
  • Popular And Convenient Location Within Redhouse +
  • Views Over Fields +
  • Ideal First Time or Investment Purchase +
  • Internal Viewing Advised +

*CASH BUYERS ONLY*A STUNNING two bedroom TOP FLOOR apartment which is offered for sale with NO ONWARD CHAIN and MUST BE VIEWED internally to fully appreciate. Having been WELL MAINTAINED by the current owner, this block has well presented communal areas which only service 3 apartments. The accommodation on offer briefly comprises of two bedrooms, master bedroom with built-in wardrobes and ensuite, living/dining room with feature ‘Juliette’ style balcony and open plan kitchen, entrance hall with storage, modern fitted family bathroom. Further attributes include uPVC double glazing and gas central heating. The property further boasts allocated parking space in the courtyard to the rear. The home is situated in a popular Redhouse location providing good access to local shops, schools and amenities and also boasts some views towards open countryside. All in all a splendid apartment which must be viewed to fully appreciate all that is on offer.

Agent Details

Charles Harding Estate Agents, North Swindon

01793 540433

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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