2 Bed Flat, Single Let, Slough, SL1 3SE, £200,000

Gatewick Close, Slough, SL1 3SE - 2 views - 6 months ago

Sold STC
Leasehold
BTL
ROI: 10%
~68 m²
+1 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£242,172
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£57,200

 

 

Cash Out

 

Rent Range

£1,300 - £2,900

Rent Estimate

£1,400

Running Costs/mo

£925

Cashflow/mo

£475

Cashflow/yr

£5,700

ROI

10%

Gross Yield

8%

Local Sold Prices

32 sold prices from £110K to £480K, average is £233.8K. £1.7K/m² to £5.3K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£195K07/230 mi79, Gatewick Close, Slough SL1 3SE2
£180K08/210.04 miFlat 7, Centrika, Bath Road, Slough SL1 3SL2
£110K10/200.12 mi75, Blair Road, Slough SL1 3ST2
£245K02/210.14 mi8, Adelphi Gardens, Slough SL1 2RG2
£232.5K06/210.23 mi9, Beechwood Gardens, Slough SL1 2HW2
£227K04/230.25 mi34, Pickfords Gardens, Slough SL1 3GE2
£230K03/230.25 mi19, Pickfords Gardens, Slough SL1 3GE2
£140K06/210.33 mi21, Chalvey Gardens, Slough SL1 2LW2
£237.5K09/210.35 mi105, Aspects Court, Slough SL1 2EZ2
£270K06/210.39 mi57, Windmill Road, Slough SL1 3SX2
£290K03/210.41 mi136, Windsor Road, Slough SL1 2JA2
£225K02/230.42 mi81, Blair Road, Slough SL1 3ST2
£112.5K06/210.45 mi140, Windmill Road, Slough SL1 3SW2
£120K10/200.46 miFlat 26, Foundry Court, Mill Street, Slough SL2 5FY2
£235K07/230.46 miFlat 19, Foundry Court, Mill Street, Slough SL2 5FY2
£136.8K11/200.49 mi19a, Alexandra Road, Slough SL1 2NQ2
£270K12/200.52 miFlat 17, Richard Dodd Place, Osborne Street, Slough SL1 1PP2
£480K10/200.53 mi6, Arborfield Close, Slough SL1 2JW2
£235K06/230.54 mi184, Windsor Road, Slough SL1 2JD2
£237.5K09/210.56 mi30, Tuns Lane, Slough SL1 2XD2
£253K05/230.57 mi35, School Lane, Slough SL2 5BU2
£245K10/200.58 mi28, Winvale, Slough SL1 2JH2
£240K11/200.58 mi50, Winvale, Slough SL1 2JH2
£202K11/200.73 mi50, Thirkleby Close, Slough SL1 3XF2
£240K01/230.74 mi64, Aldin Avenue South, Slough SL1 1RR2
£218K10/210.83 mi6, Chichester Court, Slough SL1 1NZ2
£255K05/210.86 mi30, Clifton Road, Slough SL1 1SP2
£223K10/210.91 mi151, Weekes Drive, Slough SL1 2YW2
£197K02/210.93 mi128, Farnham Road, Slough SL1 4XA2
£251K08/210.97 mi21, Grasmere Avenue, Slough SL2 5JD2
£215K04/230.98 mi210, Weekes Drive, Slough SL1 2YR2
£235K03/230.98 mi174, Weekes Drive, Slough SL1 2YR2

Local Rents

49 rents from £1.3K/mo to £2.9K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,45002/250.03 mi-2
£2,90011/240.05 mi-2
£1,65011/240.06 mi-2
£1,75011/240.06 mi-2
£1,60009/240.07 mi-2
£1,69509/240.07 mi-2
£1,67509/240.07 mi-2
£1,50002/240.1 mi-2
£1,55001/250.1 mi-2
£1,30001/250.1 mi-2
£1,35003/250.11 mi-2
£1,50008/240.11 mi5 Bath Road, Slough, SL12
£1,85002/250.11 mi-2
£1,75002/250.11 mi-2
£1,50008/240.11 miStranraer Gardens2
£1,60011/240.12 mi-2
£1,50012/240.12 mi-2
£1,40009/240.12 miHigh Street, Slough2
£1,50003/250.12 mi-2
£1,65008/240.12 miChesterfield House, Slough2
£1,47508/240.12 miChesterfield House, Slough2
£1,65008/240.12 miChesterfield House, Slough2
£1,60008/240.12 miChesterfield House, Slough2
£1,67509/240.12 miChesterfield House, Bath Road, Slough, SL1 2
£1,60009/240.12 miChesterfield House, Slough2
£1,45009/240.12 miChesterfield House, Bath Road, Slough, SL1 2
£1,60009/240.12 miChesterfield House, Bath Road, Slough, SL1 2
£1,42509/240.12 miChesterfield House, Slough2
£1,55009/240.12 miChesterfield House, Bath Road, Slough, SL1 2
£1,74009/240.12 miChesterfield House, Bath Road, Slough, SL1 2
£1,65009/240.12 miChesterfield House, Slough2
£1,45003/250.13 mi-2
£1,50008/240.13 miMosaic Apartments, 26 High Street, Slough, Berkshire, SL12
£1,75010/240.14 mi-2
£1,70002/240.14 mi-2
£1,42509/240.15 miCornwall House, High Street2
£1,80008/240.16 miPark House Apartments, Slough2
£1,85003/250.16 mi-2
£1,90008/240.16 miStoke Gardens, SLOUGH2
£1,55003/250.17 mi-2
£1,60009/240.17 miCornwall House, 55-57 High Street, Slough, Berkshire, SL12
£1,51708/240.18 miThe Factory, Memorial Avenue, Slough2
£1,85009/240.2 miSlough, Berkshire, SL12
£1,95008/240.2 miHorlicks Factory, Slough2
£1,99309/240.2 miThe Factory, Horlicks Quarter, Slough SL12
£1,97209/240.2 miAquifer House, Horlicks Quarter2
£1,90009/240.2 miSlough, Berkshire, SL1 3GY2
£1,69509/240.2 miThe Factory, Memorial Avenue, Slough, SL12
£2,00008/240.2 miThe Factory, Memorial Avenue, Slough, SL12

Local Area Statistics

Population in SL1

70,234

Population in Slough

168,514

Town centre distance

0.41 miles away

Nearest school

0.40 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-26%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £200,000

September 24, 2024

Description

  • Two Bedroom Ground Floor Apartment +
  • No Onward Chain +
  • Cul de Sac Location and a Garage +
  • 950+ Years Lease +
  • Secutity Entryphone Systems +
  • EPC - tbc +

Situated in this residential cul de sac and being offered with no onward chain a two bedroom ground floor apartment within walking distance of Slough Station. The accommodation offers a 17' reception room, fitted kitchen and shower room, security entry phone system, UPVC double glazing, garage and a 950+ years lease. EPC - tbc.

Communal Hallway
With door giving access to:

Hallway
Security entry phone system, storage cupboard, airing cupboard and doors to:

Lounge 5.47m (17' 11") x 3.50m (11' 6")
Double rear aspect windows, feature fireplace, wall heater and access to:

Kitchen 2.77m (9' 1") x 2.42m (7' 11")
Comprising a range of eye and base level units with work surface, intergrated oven, hob and extractor, sink with mixer tap, plumbing for washing machine, rear aspect window and wall mounted heater.

Bedroom1 4.36m (14' 4") x 3.10m (10' 2")
Front aspect window and wall mounted heater.

Bedroom2 3.32m (10' 11") x 1.95m (6' 5")
Front aspect window and wall mounted heater.

Shower Room
Built in shower cubicle, pedestal wash hand basin, low level w.c. and extractor.

Garage
With up and over door situated close to the property.

Tenure
Leasehold - we have been informed the lease is 950 years remaining with £0 ground rent and a service charge for the last 6 month was £1500 which is usually £1100 but has been increased due to anticipated works and also includes buildings insurance.

Agent Details

Staples & King, Cippenham

01628 564714

Next Steps?

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