3 Bed Flat, Single Let, Slough, SL3 6LN, £375,000

11 Old House Court, Church Lane, Wexham, Buckinghamshire SL3 6LN - 6 months ago

BTL

ROI: 4%

~121 m²

+12 photos

ValuationUndervalued

Sold Prices	£210K - £800K
Sold Prices/m²	£2.8K/m² - £6K/m²

Square Metres	~121 m²
Price/m²	£3.1K/m²
Value Estimate	£461,250£461,250
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£93,750£93,750
Stamp Duty & Legal Fees	£26,200£26,200
Total Cash In	£119,950£119,950

Cash Out
Rent Range	£2,000 - £2,400£2,000 - £2,400
Rent Estimate	£2,000
Running Costs/mo	£1,592£1,592
Cashflow/mo	£408£408
Cashflow/yr	£4,898£4,898
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

15 sold prices from £210K to £800K, average is £285K. £2.8K/m² to £6K/m², average is £3.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£210K	11/20	0.74 mi	48, Borderside, Slough SL2 5QS	£2,838	74	3	Flat
£210K	11/20	0.74 mi	48, Borderside, Slough SL2 5QS	£2,838	74	3	Flat
£290K	11/21	1.82 mi	185, High Street, Langley, Slough SL3 8LP	-	-	3	Flat
£800K	02/21	2.02 mi	Flat 6, Framewood Manor, Framewood Road, Stoke Poges, Slough, Buckinghamshire SL2 4QR	-	-	3	Flat
£350K	03/23	2.13 mi	2a, Lancaster Avenue, Slough SL2 1AX	£5,952	59	3	Flat
£352.5K	10/22	2.13 mi	2b, Lancaster Avenue, Slough SL2 1AX	£4,006	88	3	Flat
£430K	06/21	2.16 mi	20, Park Lawn, Farnham Royal, Slough, Buckinghamshire SL2 3AP	£4,433	97	3	Flat
£285K	09/23	2.26 mi	38, Eden Close, Slough SL3 8TZ	£3,654	78	3	Flat
£295K	10/22	2.27 mi	22, Eden Close, Slough SL3 8TZ	£4,155	71	3	Flat
£250K	12/22	2.27 mi	54, Eden Close, Slough SL3 8TZ	£3,219	78	3	Flat
£270K	01/21	2.28 mi	31, Keensacre, Iver, Buckinghamshire SL0 0DL	£3,750	72	3	Flat
£285K	05/21	2.28 mi	29, Keensacre, Iver, Buckinghamshire SL0 0DL	£4,130	69	3	Flat
£273K	02/23	2.41 mi	46, Brammas Close, Slough SL1 2TR	-	-	3	Flat
£340K	08/22	2.41 mi	80a, High Street, Iver, Buckinghamshire SL0 9PJ	£3,505	97	3	Flat
£252K	03/23	2.8 mi	83, Bromycroft Road, Slough SL2 2BN	£4,065	62	3	Flat

Local Rents

11 rents from £2K/mo to £2.4K/mo, average is £2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,250	02/25	0.29 mi	-	3	Terraced House
£2,200	02/25	0.3 mi	-	3	Terraced House
£2,250	09/24	0.32 mi	Slough, Berkshire, SL2	3	Semi-Detached House
£2,000	03/25	0.42 mi	-	3	Terraced House
£2,000	09/24	0.45 mi	The Frithe, Slough, SL2	3	Semi-Detached House
£2,000	09/24	0.45 mi	-	3	Semi-Detached House
£2,000	09/24	0.45 mi	The Frithe, Slough, Berkshire, SL2	3	Semi-Detached House
£2,000	09/24	0.45 mi	The Frithe, Slough	3	Semi-Detached House
£2,250	09/24	0.53 mi	Prestwood, Slough, SL2	3	Semi-Detached House
£2,000	09/24	0.55 mi	Rochfords Gardens, Slough, SL2	3	Terraced House
£2,400	09/24	0.56 mi	Slough, Berkshire, SL2	3	Semi-Detached House

Local Area Statistics

Population in SL3	45,18245,182
Population in Slough	168,514168,514
Town centre distance	1.32 miles away1.32 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.36 miles away1.36 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

Price changed to £375,000

March 4, 2025

Listed for £390,000

September 10, 2024

Floor Plans

Description

Double garage and ample parking +
Ground floor with patio and views +
Double glazed throughout +
Beautiful communal grounds +
Share of Freehold +
NO ONWARD CHAIN +

A lovely 3 bedroom ground floor apartment with a double garage, lots of parking and direct access to the stunning communal grounds. NO ONWARD CHAIN. Viewings highly recommended.

A truly stunning and private location for a lovely three double bedroom ground floor apartment in a small development which encompasses wonderful communal grounds including a lovely ornamental lake. A double garage with power along with ample parking makes this a great purchase. NO ONWARD CHAIN. Viewings strongly recommended.

Agent Details

The Frost Partnership, Gerrards Cross

01753 251904

Next Steps?

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

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