2 Bed Flat, Single Let, Slough, SL2 5FZ, £230,000

FOUNDRY COURT Mill Street, Slough, SL2 5FZ - 1 views - 7 months ago

Leasehold
BTL
ROI: 7%
49 m²
+4 photos

ValuationOvervalued

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

 

 

Square Metres

49.36 m²
Price/m²£4.7K/m²

Value Estimate

£182,756

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Total Cash In

£65,600

 

 

Cash Out

 

Rent Range

£685 - £1,850

Rent Estimate

£1,419

Running Costs/mo

£1,023

Cashflow/mo

£396

Cashflow/yr

£4,757

ROI

7%

Gross Yield

7%

Local Sold Prices

30 sold prices from £110K to £480K, average is £236.3K. £1.7K/m² to £5.3K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£120K10/200.01 miFlat 26, Foundry Court, Mill Street, Slough SL2 5FY2
£235K07/230.01 miFlat 19, Foundry Court, Mill Street, Slough SL2 5FY2
£225K02/230.38 mi81, Blair Road, Slough SL1 3ST2
£240K01/230.39 mi64, Aldin Avenue South, Slough SL1 1RR2
£270K12/200.43 miFlat 17, Richard Dodd Place, Osborne Street, Slough SL1 1PP2
£195K07/230.45 mi79, Gatewick Close, Slough SL1 3SE2
£232.5K06/210.45 mi9, Beechwood Gardens, Slough SL1 2HW2
£180K08/210.48 miFlat 7, Centrika, Bath Road, Slough SL1 3SL2
£255K05/210.5 mi30, Clifton Road, Slough SL1 1SP2
£218K10/210.5 mi6, Chichester Court, Slough SL1 1NZ2
£253K05/230.52 mi35, School Lane, Slough SL2 5BU2
£237.5K09/210.55 mi105, Aspects Court, Slough SL1 2EZ2
£245K02/210.55 mi8, Adelphi Gardens, Slough SL1 2RG2
£227K04/230.55 mi34, Pickfords Gardens, Slough SL1 3GE2
£230K03/230.55 mi19, Pickfords Gardens, Slough SL1 3GE2
£251K08/210.56 mi21, Grasmere Avenue, Slough SL2 5JD2
£110K10/200.57 mi75, Blair Road, Slough SL1 3ST2
£140K06/210.6 mi21, Chalvey Gardens, Slough SL1 2LW2
£290K03/210.61 mi136, Windsor Road, Slough SL1 2JA2
£480K10/200.66 mi6, Arborfield Close, Slough SL1 2JW2
£235K06/230.75 mi184, Windsor Road, Slough SL1 2JD2
£245K10/200.77 mi28, Winvale, Slough SL1 2JH2
£240K11/200.77 mi50, Winvale, Slough SL1 2JH2
£270K06/210.81 mi57, Windmill Road, Slough SL1 3SX2
£152.5K04/230.84 mi287, Rochfords Gardens, Slough SL2 5XH2
£136.8K11/200.85 mi19a, Alexandra Road, Slough SL1 2NQ2
£112.5K06/210.86 mi140, Windmill Road, Slough SL1 3SW2
£265K07/230.93 mi8, Cannon Gate, Slough SL2 5NH2
£250K05/210.93 mi12b, Berryfield, Slough SL2 5SE2
£288.5K03/230.96 mi218, Knolton Way, Slough SL2 5RS2

Local Rents

47 rents from £685/mo to £1.9K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,55009/240 miMill Street, SLOUGH2
£1,55009/240.01 miSlough2
£1,65011/240.02 mi-2
£1,50012/240.02 mi-2
£1,40003/250.02 mi-2
£1,55009/240.02 miFoundry Court, Slough, SL22
£1,70002/250.05 mi-2
£1,60009/240.05 miRailway Terrace, Slough, SL22
£1,60009/240.05 miRailway Terrace, Slough, Berskshire, SL22
£1,75009/240.05 miRailway Terrace, Slough, SL22
£1,75008/240.05 mi-2
£1,70011/240.05 mi-2
£78103/250.05 mi-2
£1,75009/240.06 miRailway Terrace, Slough2
£1,55009/240.06 miLexington Apartments 2
£1,65009/240.06 miSteel House, The Metalworks, Petersfield Avenue, Slough, Berkshire, SL22
£1,65009/240.06 miSteel House, The Metalworks, Petersfield Avenue, Slough, Berkshire, SL22
£1,70009/240.06 miPetersfield Avenue, Slough2
£1,62509/240.07 miIron House, The Metalworks, Petersfield Avenue, Slough, Berkshire, SL22
£1,75010/240.08 mi-2
£1,50012/240.09 mi-2
£1,55009/240.09 miRivington Apartments, Slough2
£1,50009/240.09 miRailway Terrace, Slough2
£1,50010/240.09 miRailway Terrace, Slough2
£1,75001/250.1 mi-2
£1,80001/250.1 mi-2
£1,50009/240.1 mi***LET AGREED***Grays Place, Slough***LET AGREED***2
£1,55009/240.1 miThe Junction, Slough2
£1,55009/240.1 miThe Junction, Slough.2
£1,50009/240.1 miThe Junction, Slough2
£1,65002/240.1 mi-2
£1,45002/240.1 mi-2
£1,55002/250.1 mi-2
£1,50009/240.11 mi-2
£1,60009/240.11 mi-2
£1,40001/250.11 mi-2
£68509/240.11 mi-2
£1,85010/240.11 mi-2
£1,85009/240.11 miLexington Apartments, Slough, SL22
£1,70008/240.11 mi-2
£1,50009/240.12 miThe Junction, Slough2
£1,75009/240.12 miThe Junction, Slough, SL22
£1,75009/240.12 miThe Junction, Slough, SL22
£1,80009/240.12 mi-2
£1,65002/240.12 mi-2
£1,85009/240.12 mi-2
£1,60009/240.12 mi-2

Local Area Statistics

Population in SL2

53,085

Population in Slough

168,514

Town centre distance

0.34 miles away

Nearest school

0.20 miles away

Nearest train station

0.10 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Buyer's market

Capital growth (5yrs)

+23%

Property History

Listed for £230,000

August 27, 2024

Sold for £220,000

2007

Floor Plans

Description

  • Modern Two Bedroom Apartment +
  • Town Centre Location +
  • Allocated Parking +
  • Cross Rail Station Within 5 Minutes Walk +
  • An Ideal Investment Or Residential Purchase +
  • Fitted Family Bathroom Suite +
  • En-Suite To Master Bedroom +
  • High Gloss White Finished Kitchen +

The Property
*NO ONWARD CHAIN*

Located within the heart of Slough Town Centre with comprehensive shopping facilities, restaurants, bars, multiscreen cinema complex as well as Slough's Main Line train station with Crossrail/Elizabeth line due for completion this year with direct fast access through Central London, making this property an ideal purchase for a professional commuter or investment buyer looking for a rental option.

A light spacious living area with glazed french doors to private enclosed lawn area.
Two double bedrooms, master bedroom with en-suite, a fitted bathroom suite and ample storage throughout the apartment, double glazed windows, electric heating plus a new hot water tank as well as allocated parking.
All available with no onward chain.

Property ownership information

Ground rent review period: No review period

Service charge review period: No review period

Lease end date: 01/01/2107

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Slough

020 3909 6711

Next Steps?

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