2 Bed Flat, Single Let, Staines, TW18 4RT, £275,000

Waters Drive, Moormede Park, Staines-upon-Thames,TW18 4RT - 2 views - 7 months ago

Sold STC
Leasehold
BTL
ROI: 3%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£230K - £425K
Sold Prices/m²£3.7K/m² - £8.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£330,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Total Cash In

£79,450

 

 

Cash Out

 

Rent Range

£1,250 - £2,990

Rent Estimate

£1,359

Running Costs/mo

£1,151

Cashflow/mo

£208

Cashflow/yr

£2,494

ROI

3%

Gross Yield

6%

Local Sold Prices

29 sold prices from £230K to £425K, average is £312K. £3.7K/m² to £8.5K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£284K09/210.01 mi63, Waters Drive, Staines, Surrey TW18 4RT2
£270.5K06/210.03 mi20, Swallow Close, Staines, Surrey TW18 4RS2
£295K05/230.07 mi20, Lark Avenue, Staines-upon-thames, Surrey TW18 4RX2
£312.5K12/220.09 mi16, Lark Avenue, Staines-upon-thames, Surrey TW18 4RX2
£260K11/220.26 mi12, Wraysbury Gardens, Staines-upon-thames, Surrey TW18 4US2
£307.5K09/210.29 mi119, London Road, Staines-upon-thames, Surrey TW18 4HN2
£310K03/210.29 mi115, London Road, Staines, Surrey TW18 4HN2
£330K02/230.32 mi58, Sidney Road, Staines-upon-thames, Surrey TW18 4LX2
£425K04/210.39 miFlat 56, Thames Edge Court, Clarence Street, Staines, Surrey TW18 4BU2
£340K07/230.46 mi11, Simmons Place, Staines-upon-thames, Surrey TW18 3HW2
£335K06/210.46 mi7, Simmons Place, Staines, Surrey TW18 3HW2
£360K04/230.48 mi30d, Riverside Drive, Staines-upon-thames, Surrey TW18 3JN2
£285K04/230.48 mi4, The Fernery, Staines-upon-thames, Surrey TW18 3JJ2
£312K02/210.48 mi7, The Fernery, Staines-upon-thames, Surrey TW18 3JJ2
£345K04/210.48 miFlat 7, Hooper Court, Gresham Road, Staines, Surrey TW18 2AU2
£325K04/210.51 mi26, Budebury Road, Staines, Surrey TW18 2AX2
£275K06/210.52 mi95, Edgell Road, Staines, Surrey TW18 2EN2
£295K03/230.55 miFlat 8, Heron Court, Leacroft Close, Staines-upon-thames, Surrey TW18 4NP2
£350K11/230.78 miFlat 13, Manor Court, Thorpe Road, Staines-upon-thames, Surrey TW18 3HT2
£360K11/230.78 miManor Court, Flat 21, Thorpe Road, Staines-upon-thames, Surrey TW18 3HT2
£230K06/210.78 miFlat 14, Manor Court, Thorpe Road, Staines, Surrey TW18 3HT2
£285K03/210.78 miFlat 13, Manor Court, Thorpe Road, Staines, Surrey TW18 3HT2
£330K04/210.8 mi4, Old School Mews, Staines, Surrey TW18 3HX2
£325K01/210.87 mi28, Penton Road, Staines, Surrey TW18 2JY2
£230K10/200.96 mi207a, Laleham Road, Staines-upon-thames, Surrey TW18 2NS2
£265K03/210.96 mi142, Kingston Road, Staines, Surrey TW18 1BL2
£358K09/230.99 miFlat 7, Swandrift, Riverside Road, Staines-upon-thames, Surrey TW18 2LE2
£340K12/200.99 miFlat 2, Thames Bank, Riverside Road, Staines, Surrey TW18 2LE2
£302.8K03/230.99 miFlat 7, Onslow Lodge, Riverside Road, Staines-upon-thames, Surrey TW18 2LE2

Local Rents

50 rents from £1.3K/mo to £3K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,75012/240.01 mi-2
£1,75012/240.03 mi-2
£1,80004/250.04 mi-2
£1,60010/240.09 miWaters Drive, Staines-Upon-Thames, Middlesex, TW182
£1,80003/250.09 mi-2
£1,90010/240.1 miFairfield Avenue, Staines-Upon-Thames2
£2,00010/240.1 miSandown House, 124 High Street, Staines-Upon-Thames, Surrey, TW182
£2,10010/240.1 miHigh Street, Staines-upon-Thames2
£1,99810/240.1 miSandown House, London Square, Staines Upon Thames, TW182
£1,99810/240.1 miSandown House, London Square, Staines, TW182
£2,10010/240.1 miHigh Street, Staines-upon-Thames, Surrey, TW182
£1,75010/240.11 miFairfield Avenue, Staines, Surrey, TW182
£1,95010/240.11 miCharter Square, High Street, Staines Upon Thames2
£2,00010/240.12 miEpsom House, 2 Fairfield Avenue, Staines-upon-Thames, Surrey, TW182
£1,95004/250.13 mi-2
£2,15003/250.13 mi-2
£1,99510/240.14 mi-2
£1,95001/240.14 mi-2
£1,90010/240.14 mi-2
£1,99510/240.14 mi-2
£1,37510/240.14 mi5 Fairfield Avenue, Staines-Upon-Thames, Middlesex, TW182
£2,10010/240.14 miLavender House, Eden Grove, TW182
£2,00010/240.14 miFairfiled Avenue, Staines Upon Thames2
£1,89810/240.14 miEpsom House, London Square, Staines Upon Thames, TW182
£1,92810/240.14 miFairfield Avenue Staines TW182
£2,20010/240.14 miFairfield Avenue, Staines Upon Thames2
£1,89510/240.15 miLavender House, 1 Eden Grove, Staines2
£1,80010/240.19 miLavender House, Eden Grove, STAINES-UPON-THAMES, London, TW182
£2,09710/240.2 miLavender House, Eden Grove, Staines-upon-Thames, TW182
£1,69502/250.27 mi-2
£1,75012/240.27 mi-2
£1,70010/240.33 mi-2
£1,69510/240.33 miKingston Road,Staines,TW182
£1,40010/240.34 miProvident House, Bridge Street, Staines-upon-Thames, Surrey, TW182
£1,25010/240.34 mi-2
£1,65004/250.35 mi-2
£2,99010/240.36 mi-2
£1,70010/240.36 miClarence Street, Staines-Upon-Thames, Surrey, TW182
£1,75010/240.36 miThames Street, Staines2
£1,65010/240.38 miThames Edge Court, Staines-Upon-Thames, TW182
£1,65010/240.38 mi-2
£1,64502/250.38 mi-2
£1,80010/240.39 miClarence Street, Staines, Surrey, TW182
£2,20010/240.39 miClarence Street, Staines-upon-Thames2
£1,50010/240.4 miSt. James Court, 58-60 Kingston Road, Staines-upon-Thames, Surrey, TW182
£1,50010/240.4 miKingston Road, Staines, TW182
£1,50004/250.41 mi-2
£1,70010/240.43 miFarnell Road, Staines-Upon-Thames2
£1,65010/240.43 miFarnell Road, Staines-Upon-Thames, TW182
£1,62510/240.45 miPullmans Place, Staines, Middlesex, TW182

Local Area Statistics

Population in TW18

25,458

Population in Staines

41,638

Town centre distance

0.50 miles away

Nearest school

0.60 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Buyer's market

Capital growth (5yrs)

+7%

Property History

Listed for £275,000

September 6, 2024

Description

  • Two Bedroom Ground Floor Flat
  • Excellent Decorative Order
  • Long Lease
  • Re-Fitted Kitchen and Bathroom
  • Private Garage and Communal Gardens
  • Tucked Away Position
  • No Onward Chain and Vacant Possession
  • Ideal First Time/Investment Purchase
  • Close to Town Centre and Station
  • Internal Viewing Essential +

Communal Entrance Hall
Access to flat.

Private Entrance Hall
Laminate flooring, airing cupboard with hot water tank.

Reception Room - 13' x 12'5 (minimum) (3.96m x 3.78m)
Sealed unit double glazed double doors to attractive communal gardens, parquet flooring, coved ceiling, night storage heater.

Kitchen - 9'6 x 8' (2.89m x 2.43m)
Re-fitted with a good range of wall and floor units, work surfaces, stainless steel sink unit with mixer tap, single bowl and drainer, built in oven, hob and cooker hood units, integrated dishwasher and washing machine, freestanding fridge/freezer, laminate flooring, coved ceiling, sealed unit double glazed window to front aspect with wooden venetian blind.

Bedroom 1 - 14'3 x 9'3 (4.34m x 2.
81m)
Sealed unit double glazed window to rear aspect, fitted carpet and curtains, coved ceiling, electric wall heater.

Bedroom 2 - 12'6 x 6'9 (3.81m x 2.05m)
Sealed unit double glazed window to front aspect, fitted carpet and curtains, coved ceiling, electric water heater.

Bathroom 6'9 x 6'7 (2.05m x 2.00m)
Re-fitted suite comprising enclosed panelled bath with mixer tap and shower attachment with screen, wash hand basin with mixer tap and under cupboard, low level WC, mirrored cabinet and shaver point, heated towel rail, electric wall heater, coved ceiling, sealed unit double glazed frosted window with wooden venetian blind.

Communal Gardens
There are attractive lawned communal gardens.

Garage
Located in block to rear.

Lease
199 years from 1972

Ground Rent
£75 per annum

Service Charge
£135 per calendar month

EPC rating: D

Property ref: 0933

Please note - Complete accuracy cannot be guaranteed. Always check the details before agreeing to purchase, this includes checking on the existence of relevant permissions. We can assist, if requested.
Measurements - All measurements quoted are approximate
Fixtures, Fittings & Appliances -The Fixtures, Fittings & Appliances have not been tested and therefore no guarantee can be given that they are in working order
Internal Photographs - Photographs are reproduced for general information and it cannot be inferred that any item shown is included in the sale
Ordnance Survey Maps & Crown copyright 2007. All rights reserved.

Agent Details

Swans Estate Agents, Ashford

01784 918979

Next Steps?

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