2 Bed Flat, Single Let, Swindon, SN3 3PZ, £150,000

4 Kimmeridge Close, Nythe, Swindon, Wiltshire, SN3 3PZ - 4 views - a year ago

Leasehold

BTL

ROI: 6%

~57 m²

+1 photos

ValuationOvervalued

Sold Prices	£76K - £175K
Sold Prices/m²	£1.6K/m² - £3.5K/m²

Square Metres	~56.60 m²
Price/m²	£2.6K/m²
Value Estimate	£114,802£114,802

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£37,500£37,500
Stamp Duty & Legal Fees	£5,700£5,700
Total Cash In	£43,200£43,200

Cash Out
Rent Range	£850 - £1,950£850 - £1,950
Rent Estimate	£878
Running Costs/mo	£664£664
Cashflow/mo	£214£214
Cashflow/yr	£2,564£2,564
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

23 sold prices from £76K to £175K, average is £127K. £1.6K/m² to £3.5K/m², average is £2.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£76K	02/21	0.01 mi	10, Kimmeridge Close, Nythe, Swindon SN3 3PZ	£1,617	47	2	Flat
£145K	12/22	0.07 mi	13, Charminster Close, Swindon SN3 3QB	£3,452	42	2	Flat
£125K	03/21	0.23 mi	23, Midhurst Avenue, Swindon SN3 2QG	£1,807	69	2	Flat
£170K	12/22	0.56 mi	145, Kingswood Avenue, Park North, Swindon SN3 2RF	£2,771	61	2	Flat
£107.5K	12/20	0.59 mi	205, Whitbourne Avenue, Swindon SN3 2LL	£2,028	53	2	Flat
£115K	09/22	0.6 mi	1, Dacre Road, Swindon SN3 3DN	£1,917	60	2	Flat
£127K	12/22	0.66 mi	15, Tudor Walk, Swindon SN3 3DP	£3,024	42	2	Flat
£130K	04/21	0.66 mi	397, Cranmore Avenue, Swindon SN3 2EY	£2,167	60	2	Flat
£155K	10/22	0.66 mi	82, Wrenswood, Covingham, Swindon SN3 5AR	-	-	2	Flat
£119K	09/21	0.67 mi	64, Wrenswood, Swindon, Thamesdown SN3 5AR	£1,983	60	2	Flat
£112K	01/21	0.67 mi	36, Wrenswood, Swindon, Thamesdown SN3 5AR	£1,867	60	2	Flat
£130K	06/21	0.67 mi	60, Wrenswood, Swindon SN3 5AR	£2,281	57	2	Flat
£130K	09/21	0.67 mi	22, Wrenswood, Swindon SN3 5AR	£2,281	57	2	Flat
£151K	12/22	0.67 mi	32, Wrenswood, Covingham, Swindon SN3 5AR	£2,603	58	2	Flat
£162K	11/22	0.67 mi	92, Pheasant Close, Covingham, Swindon SN3 5HT	£2,971	55	2	Flat
£153K	09/22	0.73 mi	43, Kennedy Drive, Swindon SN3 3SB	£2,508	61	2	Flat
£150K	08/21	0.77 mi	87, Colebrook Road, Swindon SN3 4DU	£2,344	64	2	Flat
£175K	12/20	0.82 mi	53, Slade Drive, Swindon SN3 4DS	£2,869	61	2	Flat
£115K	07/21	0.85 mi	35, Woodhouse Road, Swindon SN3 2GU	£1,779	65	2	Flat
£105K	12/22	0.88 mi	3, Sadler Walk, Swindon SN3 3AQ	£2,019	52	2	Flat
£96.5K	03/21	0.91 mi	11, Blakesley Close, Swindon SN3 2HU	£1,556	62	2	Flat
£120K	10/20	0.93 mi	67, Sandgate, Swindon SN3 4HH	£1,846	65	2	Flat
£118K	07/21	0.96 mi	74, Carstairs Avenue, Swindon SN3 2DF	£2,217	53	2	Flat

Local Rents

22 rents from £850/mo to £1.9K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,300	09/24	0.45 mi	Oakfield Avenue, Swindon	2	Terraced House
£875	09/24	0.46 mi	Cole Close, Covingham, Swindon, SN3	2	Flat
£900	09/24	0.49 mi	-	2	House
£850	09/24	0.5 mi	Twickenham Close, Swindon, Wiltshire, SN3	2	Flat
£1,025	09/24	0.55 mi	Swan Close, Swindon, SN3 4QB	2	Flat
£875	09/24	0.56 mi	Franklin House, Twickenham Close, Swindon, Wiltshire, SN3	2	Flat
£1,950	09/24	0.7 mi	Luxury furnished penthouse apartment	2	Flat
£1,900	09/24	0.71 mi	Luxury furnished apartments for rent	2	Flat
£1,650	09/24	0.71 mi	Luxury furnished apartments for rent	2	Flat
£1,650	09/24	0.71 mi	Luxury furnished apartments for rent	2	Flat
£1,100	02/25	0.71 mi	-	2	Terraced House
£1,200	03/25	0.74 mi	-	2	Terraced House
£900	09/24	0.75 mi	Horsham Road, Swindon, SN3	2	Terraced House
£1,100	09/24	0.83 mi	Goldcrest Walk, Swindon, SN3	2	Terraced House
£1,150	09/24	0.85 mi	Woodhouse Road, Swindon	2	Semi-Detached House
£1,100	09/24	0.85 mi	Lapwing Close, Swindon, SN3	2	Terraced House
£1,300	09/24	0.91 mi	Swindon, Wiltshire, SN3	2	Flat
£875	03/25	0.96 mi	-	2	Flat
£1,050	03/25	1.06 mi	-	2	Flat
£1,100	09/24	1.08 mi	-	2	Flat
£1,200	09/24	1.09 mi	Darling Close, Swindon, Wiltshire, SN3	2	Terraced House
£1,100	08/24	1.11 mi	Copse Avenue, Swindon	2	Detached House

Local Area Statistics

Population in SN3	51,56051,560
Population in Swindon	211,186211,186
Town centre distance	1.75 miles away1.75 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.85 miles away1.85 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+41%+41%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+22%+22%

Property History

Listed for £150,000

February 13, 2024

Sold for £130,000

2017

Sold for £88,000

2002

Sold for £66,500

2001

Sold for £42,500

1998

Floor Plans

Description

Two double bedroom apartment +
Sold with Tenant In Situ +
Newly fitted kitchen +
15ft lounge +
Garage in a block +
Extended lease +

Superb opportunity for investors as the property is being sold with TENANT IN SITU With an EXTENDED LEASE and presented in good order throughout, this first floor apartment should be viewed as early as possible. The property benefits from two double bedrooms, a modern white bathroom suite, a modern fitted kitchen and a good sized lounge. In addition the property has been recarpeted throughout, has newly installed double glazing and there is a GARAGE located in a nearby block. Call to arrange a viewing.

Agent Details

Charles Harding Estate Agents, Swindon

01793 540422

Next Steps?

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

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