2 Bed Flat, Single Let, Swindon, SN3 2FN, £150,000

Swindon, Wiltshire, SN3 2FN - 6 views - a year ago

Leasehold

BTL

ROI: 6%

~63 m²

+7 photos

ValuationOvervalued

Sold Prices	£72K - £190K
Sold Prices/m²	£1.2K/m² - £3.5K/m²

Square Metres	~63 m²
Price/m²	£2.4K/m²
Value Estimate	£123,708£123,708

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	£900 - £1,950£900 - £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

26 sold prices from £72K to £190K, average is £126K. £1.2K/m² to £3.5K/m², average is £2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£118K	07/21	0.12 mi	74, Carstairs Avenue, Swindon SN3 2DF	£2,217	53	2	Flat
£130K	04/21	0.2 mi	397, Cranmore Avenue, Swindon SN3 2EY	£2,167	60	2	Flat
£107.5K	12/20	0.29 mi	205, Whitbourne Avenue, Swindon SN3 2LL	£2,028	53	2	Flat
£96.5K	03/21	0.32 mi	11, Blakesley Close, Swindon SN3 2HU	£1,556	62	2	Flat
£120K	12/22	0.39 mi	14, Broughton Grange, Swindon SN3 1LW	£1,846	65	2	Flat
£140K	07/21	0.39 mi	33, Broughton Grange, Swindon SN3 1LW	£2,154	65	2	Flat
£140K	08/21	0.39 mi	16, Broughton Grange, Swindon SN3 1LW	£2,154	65	2	Flat
£154K	12/22	0.41 mi	21, Broughton Grange, Swindon SN3 1LW	£2,369	65	2	Flat
£115K	07/21	0.47 mi	35, Woodhouse Road, Swindon SN3 2GU	£1,779	65	2	Flat
£170K	12/22	0.5 mi	145, Kingswood Avenue, Park North, Swindon SN3 2RF	£2,771	61	2	Flat
£125K	03/21	0.62 mi	23, Midhurst Avenue, Swindon SN3 2QG	£1,807	69	2	Flat
£105K	12/22	0.68 mi	3, Sadler Walk, Swindon SN3 3AQ	£2,019	52	2	Flat
£153K	09/22	0.7 mi	43, Kennedy Drive, Swindon SN3 3SB	£2,508	61	2	Flat
£76K	02/21	0.84 mi	10, Kimmeridge Close, Nythe, Swindon SN3 3PZ	£1,617	47	2	Flat
£115K	09/22	0.84 mi	1, Dacre Road, Swindon SN3 3DN	£1,917	60	2	Flat
£145K	12/22	0.84 mi	13, Charminster Close, Swindon SN3 3QB	£3,452	42	2	Flat
£127K	12/22	0.85 mi	15, Tudor Walk, Swindon SN3 3DP	£3,024	42	2	Flat
£188K	11/22	0.96 mi	41, Tunnicliffe Close, Swindon SN3 1FP	£2,597	72	2	Flat
£122K	06/21	0.97 mi	19, Allen Close, Swindon SN3 1FH	£1,974	62	2	Flat
£99.8K	04/21	0.97 mi	23, Allen Close, Swindon SN3 1FH	£1,614	62	2	Flat
£99.8K	04/21	0.97 mi	23, Allen Close, Swindon SN3 1FH	£1,614	62	2	Flat
£133K	06/21	0.97 mi	4, Orpen Close, Swindon SN3 1FR	£1,797	74	2	Flat
£190K	06/21	0.97 mi	9, Orpen Close, Swindon SN3 1FR	£2,960	64	2	Flat
£72K	10/21	0.97 mi	29, Tunnicliffe Close, Swindon SN3 1FP	£1,196	60	2	Flat
£130K	07/21	0.99 mi	19, Gosse Court, Swindon SN3 1FG	£1,783	73	2	Flat
£164K	08/21	1 mi	12, Gosse Court, Swindon SN3 1FG	£2,250	73	2	Flat

Local Rents

10 rents from £900/mo to £1.9K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£900	09/24	0.16 mi	Horsham Road, Swindon, SN3	2	Terraced House
£1,100	02/25	0.21 mi	-	2	Terraced House
£1,300	09/24	0.26 mi	Swindon, Wiltshire, SN3	2	Flat
£1,650	09/24	0.27 mi	Luxury furnished apartments for rent	2	Flat
£1,650	09/24	0.27 mi	Luxury furnished apartments for rent	2	Flat
£1,900	09/24	0.27 mi	Luxury furnished apartments for rent	2	Flat
£1,950	09/24	0.28 mi	Luxury furnished penthouse apartment	2	Flat
£1,295	09/24	0.46 mi	The Acorns, Marlborough Road, Swindon, Wiltshire, SN3	2	Flat
£1,150	09/24	0.47 mi	Woodhouse Road, Swindon	2	Semi-Detached House
£975	12/24	0.47 mi	-	2	Flat

Local Area Statistics

Population in SN3	51,56051,560
Population in Swindon	211,186211,186
Town centre distance	1.87 miles away1.87 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.80 miles away1.80 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

March 15, 2024

Floor Plans

Description

Leasehold Term 125 years from 01/01/2007 +
Ground floor apartment +
Two double bedrooms +
Open plan living/dining room +
Kitchen with U-shaped work surface space +
Family bathroom with three piece suite +
Allocated parking for one vehicle +
Leasehold property with over 100 years remaining +

Property Description

Situated close to Swindon Town Centre just off of Queens Drive, this two bedroom ground floor apartment can be found. Within close proximity to local amenities such as shops, public transport links both in and out of the town and good schooling as well.

Property Details

Video Viewings:
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Agent Details

Chancellors, Swindon

01793 540865

Next Steps?

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