2 Bed Flat, Single Let, Slough, SL3 8GU, £220,000

Acorn Close, Langley, SL3 8GU - 5 views - 8 months ago

Sold STC
Leasehold
BTL
ROI: 7%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£132.5K - £312K
Sold Prices/m²£2.6K/m² - £6.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£270,600
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Total Cash In

£62,800

 

 

Cash Out

 

Rent Range

£1,200 - £2,550

Rent Estimate

£1,329

Running Costs/mo

£973

Cashflow/mo

£356

Cashflow/yr

£4,268

ROI

7%

Gross Yield

7%

Local Sold Prices

42 sold prices from £132.5K to £312K, average is £250K. £2.6K/m² to £6.4K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£240K08/230.14 mi3, Sir Robert Mews, Slough SL3 8ND2
£282K10/220.25 mi16, Wylands Road, Slough SL3 8JT2
£243.5K01/210.25 mi2, Wylands Road, Slough SL3 8JT2
£250K05/230.29 mi44, Grampian Way, Slough SL3 8UG2
£230K04/230.29 mi32, Grampian Way, Slough SL3 8UG2
£241K11/230.31 mi56, Welland Close, Slough SL3 8UP2
£220K03/210.31 mi29, Welland Close, Slough SL3 8UP2
£225K07/230.33 mi15, Tithe Court, Slough SL3 8AS2
£295K10/200.38 mi87, Grasholm Way, Slough SL3 8WF2
£233K06/210.42 mi119, Laburnum Grove, Slough SL3 8QT2
£230K06/210.42 mi87, Laburnum Grove, Slough SL3 8QT2
£275K08/230.42 mi67, Laburnum Grove, Slough SL3 8QT2
£250K06/230.42 mi1, Laburnum Grove, Slough SL3 8QS2
£253.5K09/210.42 mi3, Laburnum Grove, Slough SL3 8QS2
£260K09/230.44 mi40, Laburnum Grove, Slough SL3 8QU2
£270K07/230.44 mi3, Sovereign Heights, Slough SL3 8PZ2
£240K09/230.57 mi5, Tracy Avenue, Slough SL3 7GN2
£252.5K06/210.58 mi4, Gilbert Way, Slough SL3 7GR2
£265K03/210.65 mi46, Tobermory Close, Slough SL3 7JG2
£270K09/230.65 mi41, Tobermory Close, Slough SL3 7JG2
£270K12/210.66 mi43, Hawkes Close, Langley, Slough SL3 8BN2
£282.5K03/210.66 mi22, Hawkes Close, Langley, Slough SL3 8BN2
£243K11/200.68 mi13, Darrell Close, Slough SL3 7QN2
£225K01/210.69 mi16, Darrell Close, Slough SL3 7QN2
£245K10/210.69 mi193, Maplin Park, Slough SL3 8YD2
£300K12/220.72 mi207, Maplin Park, Slough SL3 8YD2
£242.5K10/220.72 mi253, Maplin Park, Slough SL3 8YE2
£261K02/240.77 mi144, Mead Avenue, Slough SL3 8JA2
£225K01/210.79 mi140, Maplin Park, Slough SL3 8XZ2
£238K04/210.79 mi126, Maplin Park, Slough SL3 8XZ2
£272K04/230.81 mi98, Scholars Walk, Langley, Slough SL3 8LZ2
£282K10/230.81 mi26, Scholars Walk, Langley, Slough SL3 8LY2
£243.5K04/230.84 mi501, Maplin Park, Slough SL3 8YG2
£305K02/230.86 mi11, Newton Close, Langley, Slough SL3 8DD2
£295K10/210.86 mi3, Newton Close, Slough SL3 8DD2
£312K11/220.86 mi15, Newton Close, Langley, Slough SL3 8DD2
£132.5K04/210.94 mi109, Vicarage Way, Colnbrook, Slough SL3 0RB2
£250K09/210.95 mi16, Barchester Road, Slough SL3 7HA2
£235K09/200.95 mi28, Barchester Road, Slough SL3 7HA2
£260K10/220.95 mi20, Barchester Road, Slough SL3 7HA2
£223K09/200.98 mi47, Minster Way, Slough SL3 7EY2
£245K01/231 mi112, Minster Way, Slough SL3 7EX2

Local Rents

48 rents from £1.2K/mo to £2.5K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,35002/250.01 mi-2
£1,40008/240.02 miTamar Way2
£1,65009/240.1 miLongwood Avenue, Slough2
£1,55011/240.23 mi-2
£1,50009/240.23 miLangley - 1 mile to Railway Station2
£1,65012/240.28 mi-2
£1,35008/240.29 mi-2
£1,35008/240.29 mi-2
£1,29508/240.3 miWelland Close, Langley, Berkshire, SL32
£1,35008/240.31 mi***LET AGREED***Welland Close, Langley***LET AGREED***2
£1,70009/240.31 miTithe Court, Langley, SL32
£1,60011/240.31 mi-2
£1,64511/240.33 mi-2
£1,64511/240.33 mi-2
£1,50009/240.33 miTithe Court, Slough, SL32
£1,69508/240.34 miHurricane Court, Langley2
£1,60012/240.34 mi-2
£1,65008/240.34 mi-2
£1,65008/240.34 mi-2
£1,50002/250.42 mi-2
£1,50008/240.43 miSovereign Heights, Slough2
£1,79511/240.43 mi-2
£1,42508/240.44 mi-2
£1,40008/240.45 miSutton Place, Langley2
£1,70002/240.46 mi-2
£1,50009/240.47 miKimberley Close, Langley, SL32
£1,59508/240.48 mi-2
£1,70002/250.48 mi-2
£1,40008/240.49 miAlton Court Willoughby Road, Langley, SL32
£1,20003/250.52 mi-2
£1,75010/240.52 mi-2
£1,30010/240.52 mi-2
£2,50002/250.55 mi-2
£2,50002/250.55 mi-2
£2,50002/250.55 mi-2
£2,45002/250.55 mi-2
£2,55002/250.55 mi-2
£2,55002/250.55 mi-2
£2,40002/250.55 mi-2
£1,75009/240.58 mi-2
£1,80009/240.58 miSpencer Road, Langley, SL32
£1,75009/240.58 miSpencer Road, Langley, SL32
£1,40003/250.58 mi-2
£1,45002/240.58 mi-2
£1,65002/250.59 mi-2
£1,70010/240.6 mi-2
£1,70002/250.6 mi-2
£1,85008/240.61 mi-2

Local Area Statistics

Population in SL3

45,182

Population in Slough

168,514

Town centre distance

2.78 miles away

Nearest school

0.10 miles away

Nearest train station

0.87 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-46%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £220,000

July 5, 2024

Floor Plans

Description

  • No Onward Chain +
  • Purpose Built Apartment +
  • Ground Floor +
  • Two Bedrooms +
  • Living Room & Kitchen Incorporated +
  • Security Entry Phone System +
  • Contemporary Bathroom +
  • Allocated Parking for 1 Car +
  • Walking Distance of Local Amenities +
  • Gas Central Heating & Double Glazed Throughout +

B Simmons are delighted to bring to the market this ground floor apartment with allocated parking and offered with no onward chain.

The property would make an ideal first time buy or buy to let investment, as it is currently tenanted. Internally there is accommodation comprising; an entrance hallway two spacious bedrooms, an open-plan kitchen / living room with double aspect windows flooding the space with light. There is a family bathroom fitted with a matching white suite with bath tub, wash hand basin and low level W.C with vanity surround.

Further benefits of this ground floor apartment include double glazed windows throughout, gas central heating and communal gardens. There is one allocated parking space to the front of the property whilst there is ample on-street and visitor parking bays available in the immediate area.
Acorn Close is situated near Common Road, just yards from Foxborough School and Harvey Park. Langley railway and Elizabeth line station is 1.1 miles away, with the High Street local amenities found just before the station. The property is in the catchment for popular local schools, and there is easy vehicular access to Heathrow, M4, M25 and M40.
Property Information: Lease Remaining: 234 years (250 yrs from 2007) Ground Rent: £382 Per Annum Maintenance Charge: £1860 Per Annum Council Tax Band: C / EPC Rating: C (all to be verified by a solicitor)

Agent Details

B. Simmons, Langley

01753 969796

Next Steps?

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