2 Bed Flat, Single Let, Slough, SL1 2EZ, £230,000

Leasehold

BTL

ROI: 6%

~68 m²

ValuationUndervalued

Sold Prices	£110K - £480K
Sold Prices/m²	£1.7K/m² - £5.3K/m²

Square Metres	~68.11 m²
Price/m²	£3.4K/m²
Value Estimate	£243,628£243,628
BMV	6%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£57,500£57,500
Stamp Duty & Legal Fees	£8,100£8,100
Total Cash In	£65,600£65,600

Cash Out
Rent Range	£1,200 - £3,000£1,200 - £3,000
Rent Estimate	£1,300
Running Costs/mo	£999£999
Cashflow/mo	£301£301
Cashflow/yr	£3,615£3,615
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

27 sold prices from £110K to £480K, average is £235K. £1.7K/m² to £5.3K/m², average is £3.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£237.5K	09/21	0.01 mi	105, Aspects Court, Slough SL1 2EZ	£3,695	64	2	Flat
£290K	03/21	0.07 mi	136, Windsor Road, Slough SL1 2JA	£4,603	63	2	Flat
£140K	06/21	0.1 mi	21, Chalvey Gardens, Slough SL1 2LW	£3,043	46	2	Flat
£232.5K	06/21	0.13 mi	9, Beechwood Gardens, Slough SL1 2HW	£3,577	65	2	Flat
£480K	10/20	0.17 mi	6, Arborfield Close, Slough SL1 2JW	£3,556	135	2	Flat
£235K	06/23	0.21 mi	184, Windsor Road, Slough SL1 2JD	£4,341	54	2	Flat
£225K	02/23	0.23 mi	81, Blair Road, Slough SL1 3ST	£3,214	70	2	Flat
£245K	10/20	0.25 mi	28, Winvale, Slough SL1 2JH	£3,141	78	2	Flat
£240K	11/20	0.25 mi	50, Winvale, Slough SL1 2JH	£3,077	78	2	Flat
£245K	02/21	0.27 mi	8, Adelphi Gardens, Slough SL1 2RG	£4,537	54	2	Flat
£270K	12/20	0.28 mi	Flat 17, Richard Dodd Place, Osborne Street, Slough SL1 1PP	-	-	2	Flat
£180K	08/21	0.33 mi	Flat 7, Centrika, Bath Road, Slough SL1 3SL	-	-	2	Flat
£195K	07/23	0.35 mi	79, Gatewick Close, Slough SL1 3SE	£3,421	57	2	Flat
£136.8K	11/20	0.35 mi	19a, Alexandra Road, Slough SL1 2NQ	£2,358	58	2	Flat
£110K	10/20	0.41 mi	75, Blair Road, Slough SL1 3ST	£1,746	63	2	Flat
£120K	10/20	0.56 mi	Flat 26, Foundry Court, Mill Street, Slough SL2 5FY	-	-	2	Flat
£235K	07/23	0.56 mi	Flat 19, Foundry Court, Mill Street, Slough SL2 5FY	£4,123	57	2	Flat
£227K	04/23	0.6 mi	34, Pickfords Gardens, Slough SL1 3GE	£3,685	62	2	Flat
£230K	03/23	0.6 mi	19, Pickfords Gardens, Slough SL1 3GE	£3,710	62	2	Flat
£240K	01/23	0.63 mi	64, Aldin Avenue South, Slough SL1 1RR	-	-	2	Flat
£270K	06/21	0.66 mi	57, Windmill Road, Slough SL1 3SX	-	-	2	Flat
£218K	10/21	0.68 mi	6, Chichester Court, Slough SL1 1NZ	-	-	2	Flat
£237.5K	09/21	0.71 mi	30, Tuns Lane, Slough SL1 2XD	£3,958	60	2	Flat
£112.5K	06/21	0.72 mi	140, Windmill Road, Slough SL1 3SW	£1,815	62	2	Flat
£255K	05/21	0.73 mi	30, Clifton Road, Slough SL1 1SP	£5,313	48	2	Flat
£253K	05/23	0.88 mi	35, School Lane, Slough SL2 5BU	-	-	2	Flat
£202K	11/20	0.95 mi	50, Thirkleby Close, Slough SL1 3XF	£4,391	46	2	Flat

Local Rents

52 rents from £1.2K/mo to £3K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,550	09/24	0 mi	Aspects Court, Slough, Berkshire, SL1	2	Flat
£1,600	03/25	0 mi	-	2	Flat
£1,500	08/24	0.01 mi	Aspects Court, Windsor Road	2	Flat
£1,550	10/24	0.01 mi	Aspects Court, Windsor road, Slough	2	Flat
£1,500	08/24	0.03 mi	Slough, Berkshire, SL1	2	Flat
£1,400	02/25	0.03 mi	-	2	Flat
£1,700	11/24	0.05 mi	-	2	Flat
£1,895	03/25	0.06 mi	-	2	Flat
£2,300	03/25	0.06 mi	-	2	Flat
£1,600	09/24	0.07 mi	Crossways, Windsor Road, Slough, SL1	2	Flat
£1,695	09/24	0.07 mi	Windsor Road, Slough	2	Flat
£1,700	08/24	0.07 mi	-	2	House
£1,800	01/25	0.09 mi	-	2	Flat
£3,000	10/24	0.09 mi	-	2	Flat
£3,000	10/24	0.09 mi	-	2	Flat
£1,550	08/24	0.09 mi	Windsor Road, Slough	2	Flat
£1,800	03/25	0.11 mi	-	2	Flat
£1,950	11/24	0.12 mi	-	2	Flat
£1,950	11/24	0.12 mi	-	2	Flat
£1,600	09/24	0.13 mi	61 Chalvey Road East, Slough, Berkshire, SL1	2	Flat
£1,600	08/24	0.14 mi	Arborfield Close, Slough, SL1	2	Flat
£1,550	11/24	0.14 mi	Arborfield Close, Slough, SL1	2	Flat
£2,000	01/25	0.14 mi	-	2	Flat
£1,600	03/25	0.14 mi	-	2	Flat
£1,700	02/25	0.14 mi	-	2	Flat
£1,450	09/24	0.16 mi	Buckingham Gardens, Slough, SL1	2	Flat
£1,650	09/24	0.17 mi	Slough, Berkshire, SL1	2	Flat
£1,850	09/24	0.18 mi	Aspire, Slough, Berkshire	2	Flat
£1,850	09/24	0.18 mi	Aspire, Slough	2	Flat
£1,800	09/24	0.18 mi	Aspire, Slough, Berkshire	2	Flat
£1,800	09/24	0.18 mi	Aspire, Slough, Berkshire	2	Flat
£1,850	09/24	0.18 mi	Herschel Street, SL1	2	Flat
£1,850	08/24	0.19 mi	Herschel Street, SL1	2	Flat
£1,850	09/24	0.19 mi	Herschel Street, SL1	2	Flat
£1,850	09/24	0.19 mi	Herschel Street, SL1	2	Flat
£1,450	02/25	0.19 mi	-	2	Flat
£1,500	09/24	0.2 mi	Nova House, Buckingham Gardens , Slough	2	Flat
£1,300	08/24	0.21 mi	Apartment 40, Nova House, Slough, Berkshire	2	Flat
£1,200	08/24	0.21 mi	Nova House, Buckingham Gardens, Slough, SL1	2	Flat
£1,300	09/24	0.21 mi	Nova House, Buckingham Gardens, Slough, SL1	2	Flat
£1,550	09/24	0.22 mi	-	2	Flat
£1,550	09/24	0.22 mi	-	2	Flat
£1,550	09/24	0.22 mi	-	2	Flat
£1,500	10/24	0.22 mi	-	2	Flat
£1,500	12/24	0.22 mi	-	2	Flat
£1,500	01/25	0.22 mi	-	2	Flat
£1,500	01/25	0.22 mi	-	2	Flat
£1,500	02/25	0.22 mi	-	2	Flat
£1,500	03/25	0.22 mi	-	2	Flat
£1,500	03/25	0.22 mi	-	2	Flat
£1,500	03/25	0.22 mi	-	2	Flat
£1,550	09/24	0.22 mi	Brisbane Court, Slough, SL1	2	Flat

Local Area Statistics

Population in SL1	70,23470,234
Population in Slough	168,514168,514
Town centre distance	0.69 miles away0.69 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.48 miles away0.48 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-26%-26%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+17%+17%

Property History

Listed for £230,000

March 25, 2024

Description

TWO BEDROOM APARTMENT +
5TH FLOOR +
UNDERGROUND PARKING +
TWO DOUBLE BEDROOMS +
ENSUITE AND FAMILY BATHROOM +
BALCONY +
LONG LEASE +
WALKING DISTANCE TO STATION AND TOWN CENTRE +
LIFT +
CALL FOCUS RESIDENTIAL +

A 5th floor 2 double bedroom apartment with balcony and underground parking. Accommodation comprises communal entrance hall with lift, inner hall, lounge, kitchen area, 2 large bedrooms, en suite and family bathroom, balcony, double glazing, electric heating, secure underground parking. Call Focus Residential.

Communal Entrance Hall:
With security entryphone system and lift access.

Inner Hall:
With wood laminate flooring, electric heater, storage cupboard and cupboard housing hot water tank.

Living Room/Kitchen
23' 9" (7.24m) x 11' (3.35m) max::
Lounge Area: wood laminate flooring, electric heater, balcony, double glazed patio doors. Kitchen Area: Range of wall and base units, laminated work surfaces, laminated work surfaces, sink with single drainer, built in oven, hob and extractor, space for washing machine and fridge freezer.

Bedroom One
16' 2" (4.93m) x 9' 1" (2.77m)::
Double glazed window, fitted carpets, elelctric heater.

En suite Shower Room:
Shower cubicle with mains shower, low level wc, hans basin in vanity unit, heater, extractor.

Bedroom Two

Bedroom Two
14' 4" (4.37m) x 9' 1" (2.77m)::
Fitted carpets, double glazed window, electric heater.

Family Bathroom:
Side panel bath, low level wc, hand basin, tiled surrounds, extractor, tiled floor.

Parking:
Secure underground parking

Outside:
Well kept communal grounds.

Agent Details

Focus, Slough

01753 303877

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Sold STC