Potential 4-Bed HMO, Swindon, SN2 2BZ, £195,000

Redcliffe Street, Rodbourne, SN2 2BZ - 15 views - 10 months ago

Sold STC
HMO
ROI: 16%
~97 m²

ValuationUndervalued

Sold Prices£173K - £281K
Sold Prices/m²£1.8K/m² - £3.4K/m²

 

 

Square Metres

~96.50 m²
Price/m²£2K/m²

Value Estimate

£243,750
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£48,750

Stamp Duty & Legal Fees

£7,050

Total Cash In

£55,800

 

 

Cash Out

 

Room Rate

£563

Gross Rent

£2,252

Running Costs/mo

£1,526

Cashflow/mo

£726

Cashflow/yr

£8,715

ROI

16%

Gross Yield

14%

Local Sold Prices

51 sold prices from £173K to £281K, average is £215K. £1.8K/m² to £3.4K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£201K11/200.02 mi76, Redcliffe Street, Swindon SN2 2BZ3
£245K12/230.09 mi45, Deburgh Street, Swindon SN2 2BX3
£183K11/200.12 mi11, Redcliffe Street, Swindon SN2 2DA3
£215K08/230.12 mi11, Redcliffe Street, Swindon SN2 2DA3
£191K12/210.13 mi8, Linslade Street, Swindon SN2 2BL3
£212K03/230.14 mi10, Fosse Close, Swindon SN2 2BP3
£235K11/210.14 mi6, Fosse Close, Swindon SN2 2BP3
£200K01/210.14 mi14, Fosse Close, Swindon SN2 2BP3
£185K03/210.15 mi8, Jennings Street, Swindon SN2 2BQ3
£265K07/230.16 mi54, Padstow Road, Swindon SN2 2EG3
£275K04/230.17 mi75, Padstow Road, Swindon SN2 2ED3
£270K03/210.19 mi30, Montagu Street, Swindon SN2 2HL3
£270K03/210.19 mi30, Montagu Street, Swindon SN2 2HL3
£210K05/240.19 mi28, Montagu Street, Swindon SN2 2HL3
£204.5K06/210.22 mi15, Morrison Street, Swindon SN2 2HE3
£235K03/240.22 mi14, Morrison Street, Swindon SN2 2HE3
£260K05/240.23 mi143, Morrison Street, Swindon SN2 2HD3
£217K01/210.24 mi45, Morris Street, Swindon, Thamesdown SN2 2HU3
£178K08/210.24 mi12, Dean Street, Swindon SN1 5EN3
£225K10/230.25 mi181, Rodbourne Road, Swindon SN2 2AF3
£281K02/230.25 mi6, Saltash Road, Swindon SN2 2EF3
£173K10/220.27 mi41, Birch Street, Swindon SN1 5EU3
£183K11/210.27 mi42, Birch Street, Swindon SN1 5EU3
£228K08/210.27 mi48, Birch Street, Swindon SN1 5EU3
£200K07/210.27 mi25, George Street, Swindon SN1 5HE3
£215.5K05/230.27 mi76, Montagu Street, Swindon SN2 2HW3
£190K11/210.28 mi37, Rose Street, Swindon, Thamesdown SN2 2HH3
£220K08/230.28 mi30, Rose Street, Swindon SN2 2HH3
£200K11/210.29 mi33, Morrison Street, Swindon SN2 2HF3
£235K03/230.29 mi29, Morrison Street, Swindon SN2 2HF3
£217K11/200.29 mi27, Raybrook Crescent, Swindon SN2 2HR3
£262K06/230.29 mi21, Raybrook Crescent, Swindon SN2 2HR3
£180.5K10/230.29 mi15, Raybrook Crescent, Swindon SN2 2HR3
£176.5K08/210.3 mi12, Morris Street, Swindon SN2 2HU3
£248.5K06/210.3 mi49, Morris Street, Swindon SN2 2HU3
£211K06/230.3 mi30, Morris Street, Swindon SN2 2HU3
£195K10/210.32 mi84, Birch Street, Swindon SN1 5HD3
£190K01/210.33 mi14, Summers Street, Swindon SN2 2HA3
£176K12/200.33 mi29, Summers Street, Swindon SN2 2HA3
£200K04/240.33 mi33, Summers Street, Swindon SN2 2HA3
£221K06/210.35 mi21, Hawkins Street, Swindon SN2 2AQ3
£190K10/210.35 mi33, Hawkins Street, Swindon, Thamesdown SN2 2AQ3
£212K10/210.35 mi13, Hawkins Street, Swindon SN2 2AQ3
£257.5K11/200.35 mi11, St Albans Close, Swindon SN2 2ES3
£183K01/210.36 mi55, Hughes Street, Swindon SN2 2ER3
£245K04/240.36 mi35, Hughes Street, Swindon SN2 2ER3
£260K01/240.39 mi70, Bruce Street, Swindon SN2 2EW3
£247.5K11/230.39 mi75, Bruce Street, Swindon SN2 2EW3
£250K06/240.39 mi68, Bruce Street, Swindon SN2 2EW3
£190K10/210.39 mi1, Marlborough Street, Swindon SN1 5HL3
£225K10/210.39 mi72, Bruce Street, Swindon SN2 2EW3

Local Area Statistics

Population in SN2

41,193

Population in Swindon

211,186

Town centre distance

1.23 miles away

Nearest school

0.40 miles away

Nearest train station

0.92 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £195,000

April 29, 2024

Sold for £126,700

2014

Sold for £140,500

2007

Sold for £95,000

2006

Floor Plans

Description

  • GREAT LOCATION +
  • ON STREET PARKING +
  • TENANTS IN SITU +

INVESTORS ONLY Welcome to this spacious and well-maintained property that has been converted from a 3 bedroom house into a 5 bedroom House in Multiple Occupation (HMO). This investment opportunity is perfect for those looking to expand their rental portfolio.

The property boasts four sitting tenants, providing immediate rental income for the new owner. There is one addition room available to rent out. If you were to rent out the 5th bedroom you would need to obtain a HMO Licence.

The communal areas include a shared kitchen, living room, and bathrooms, offering a sociable living environment for the tenants.Situated in a convenient location, this property is close to local amenities, public transportation, and schools, making it an attractive option for potential tenants.

The property has been well-maintained and is in good condition, ready for the new owner to take over and continue generating rental income.Don't miss out on this fantastic opportunity to own a profitable HMO property with sitting tenants already in place. Schedule a viewing today and see the potential this property has to offer.

please note at the vendors request, only purchasers who will keep management with the current agent will be considered, due to making a smooth transaction for all parties, especially the current tenants

Agent Details

Get Sold UK, Swindon

01793 387609

Next Steps?

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