2 Bed Flat, Single Let, Slough, SL3 8PY, £260,000

64 Sovereign Heights, Slough, SL3 8PY - 2 views - 9 months ago

Leasehold

BTL

ROI: 4%

58 m²

ValuationOvervalued

Sold Prices	£132.5K - £295K
Sold Prices/m²	£2.6K/m² - £5K/m²

Square Metres	58 m²
Price/m²	£4.5K/m²
Value Estimate	£224,525£224,525

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£65,000£65,000
Stamp Duty & Legal Fees	£9,500£9,500
Total Cash In	£74,500£74,500

Cash Out
Rent Range	£1,200 - £2,550£1,200 - £2,550
Rent Estimate	£1,350
Running Costs/mo	£1,103£1,103
Cashflow/mo	£248£248
Cashflow/yr	£2,970£2,970
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

24 sold prices from £132.5K to £295K, average is £243.3K. £2.6K/m² to £5K/m², average is £3.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£270K	07/23	0.06 mi	3, Sovereign Heights, Slough SL3 8PZ	-	-	2	Flat
£241K	11/23	0.15 mi	56, Welland Close, Slough SL3 8UP	£4,820	50	2	Flat
£220K	03/21	0.15 mi	29, Welland Close, Slough SL3 8UP	£3,793	58	2	Flat
£250K	06/23	0.17 mi	1, Laburnum Grove, Slough SL3 8QS	£4,386	57	2	Flat
£253.5K	09/21	0.17 mi	3, Laburnum Grove, Slough SL3 8QS	£4,225	60	2	Flat
£250K	05/23	0.18 mi	44, Grampian Way, Slough SL3 8UG	£3,289	76	2	Flat
£230K	04/23	0.18 mi	32, Grampian Way, Slough SL3 8UG	-	-	2	Flat
£260K	09/23	0.21 mi	40, Laburnum Grove, Slough SL3 8QU	£3,467	75	2	Flat
£233K	06/21	0.22 mi	119, Laburnum Grove, Slough SL3 8QT	£3,949	59	2	Flat
£230K	06/21	0.22 mi	87, Laburnum Grove, Slough SL3 8QT	£4,107	56	2	Flat
£275K	08/23	0.22 mi	67, Laburnum Grove, Slough SL3 8QT	£4,911	56	2	Flat
£240K	08/23	0.33 mi	3, Sir Robert Mews, Slough SL3 8ND	£3,636	66	2	Flat
£240K	09/23	0.36 mi	5, Tracy Avenue, Slough SL3 7GN	£3,764	64	2	Flat
£252.5K	06/21	0.42 mi	4, Gilbert Way, Slough SL3 7GR	£3,156	80	2	Flat
£243.5K	01/21	0.48 mi	2, Wylands Road, Slough SL3 8JT	£4,127	59	2	Flat
£282K	10/22	0.48 mi	16, Wylands Road, Slough SL3 8JT	£4,947	57	2	Flat
£225K	07/23	0.66 mi	15, Tithe Court, Slough SL3 8AS	£3,689	61	2	Flat
£265K	03/21	0.66 mi	46, Tobermory Close, Slough SL3 7JG	£3,732	71	2	Flat
£270K	09/23	0.66 mi	41, Tobermory Close, Slough SL3 7JG	£3,553	76	2	Flat
£295K	10/20	0.78 mi	87, Grasholm Way, Slough SL3 8WF	£3,512	84	2	Flat
£243K	11/20	0.8 mi	13, Darrell Close, Slough SL3 7QN	£4,418	55	2	Flat
£225K	01/21	0.82 mi	16, Darrell Close, Slough SL3 7QN	£4,091	55	2	Flat
£132.5K	04/21	0.86 mi	109, Vicarage Way, Colnbrook, Slough SL3 0RB	£2,626	50	2	Flat
£218K	05/23	0.93 mi	Flat 2, St Andrews Court, High Street, Colnbrook, Slough SL3 0HU	£4,955	44	2	Flat

Local Rents

30 rents from £1.2K/mo to £2.5K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,500	08/24	0.01 mi	Sovereign Heights, Slough	2	Flat
£1,500	02/25	0.04 mi	-	2	Flat
£1,425	08/24	0.05 mi	-	2	Flat
£1,350	08/24	0.15 mi	*LET AGREEDWelland Close, LangleyLET AGREED*	2	Flat
£1,295	08/24	0.15 mi	Welland Close, Langley, Berkshire, SL3	2	Flat
£1,350	08/24	0.16 mi	-	2	Flat
£1,350	08/24	0.16 mi	-	2	Flat
£1,550	11/24	0.29 mi	-	2	Flat
£1,500	09/24	0.31 mi	Langley - 1 mile to Railway Station	2	Flat
£1,400	08/24	0.32 mi	Sutton Place, Langley	2	Flat
£1,400	03/25	0.4 mi	-	2	Flat
£1,400	08/24	0.41 mi	Tamar Way	2	Flat
£1,645	11/24	0.42 mi	-	2	Flat
£1,645	11/24	0.42 mi	-	2	Flat
£1,350	02/25	0.43 mi	-	2	Flat
£2,500	02/25	0.44 mi	-	2	Flat
£2,500	02/25	0.44 mi	-	2	Flat
£2,500	02/25	0.44 mi	-	2	Flat
£2,450	02/25	0.44 mi	-	2	Flat
£2,550	02/25	0.44 mi	-	2	Flat
£2,550	02/25	0.44 mi	-	2	Flat
£2,400	02/25	0.44 mi	-	2	Flat
£1,850	08/24	0.44 mi	-	2	Terraced House
£1,650	09/24	0.45 mi	Parsons Road, Langley Woods	2	Flat
£1,650	09/24	0.46 mi	Longwood Avenue, Slough	2	Flat
£1,650	12/24	0.55 mi	-	2	Flat
£1,500	09/24	0.56 mi	Kimberley Close, Langley, SL3	2	Terraced House
£1,650	02/25	0.59 mi	-	2	Flat
£1,200	03/25	0.61 mi	-	2	Flat
£1,300	10/24	0.62 mi	-	2	Flat

Local Area Statistics

Population in SL3	45,18245,182
Population in Slough	168,514168,514
Town centre distance	2.84 miles away2.84 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.24 miles away1.24 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-46%-46%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £260,000

May 29, 2024

Sold for £192,500

2008

Description

NO ONWARD CHAIN +
TOP FLOOR +
TWO BEDROOM +
GATED DEVELOPMENT +
CLOSE TO M4 +
CLOSE TO GRAMMER SCHOOLS +
BALCONY +
LEARS YEARS REMAINING: 978 APPROX +
GROUND RENT: £541.09 PER ANNUM +
SERVICE CHARGE: £836.53 (6 months) +

NO CHAIN This top floor two-bedroom flat is situated in a secure gated development. The property features two double bedrooms, a family bathroom, and an open-plan kitchen/lounge with a balcony. Just minutes from the M4 motorway, this flat is ideal for both families and investors.

Agent Details

Addison Giles, Slough

01753 910880

Next Steps?

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2 Bed Flat, Single Let, Slough, SL3 8PY, £260,000

ValuationOvervalued

CashflowsOpen in Analyser

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Local RentsDownload Show map

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Local Area Statistics

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Description

Agent Details

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