2 Bed Flat, Single Let, Swindon, SN3 2FL, £140,000

Horsham Road, Swindon, Wiltshire, SN3 2FL - 3 views - 6 months ago

Sold STC

Leasehold

BTL

ROI: 9%

~68 m²

+2 photos

ValuationFair Value

Sold Prices	£72K - £193K
Sold Prices/m²	£1.2K/m² - £3.5K/m²

Square Metres	~68.11 m²
Price/m²	£2.1K/m²
Value Estimate	£138,150£138,150

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£35,000£35,000
Stamp Duty & Legal Fees	£5,400£5,400
Total Cash In	£40,400£40,400

Cash Out
Rent Range	£800 - £3,150£800 - £3,150
Rent Estimate	£950
Running Costs/mo	£648£648
Cashflow/mo	£303£303
Cashflow/yr	£3,630£3,630
ROI	9%9%
Gross Yield	8%8%

Local Sold Prices

24 sold prices from £72K to £193K, average is £126K. £1.2K/m² to £3.5K/m², average is £2.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£96.5K	03/21	0.2 mi	11, Blakesley Close, Swindon SN3 2HU	£1,556	62	2	Flat
£130K	04/21	0.24 mi	397, Cranmore Avenue, Swindon SN3 2EY	£2,167	60	2	Flat
£115K	07/21	0.29 mi	35, Woodhouse Road, Swindon SN3 2GU	£1,779	65	2	Flat
£118K	07/21	0.31 mi	74, Carstairs Avenue, Swindon SN3 2DF	£2,217	53	2	Flat
£107.5K	12/20	0.31 mi	205, Whitbourne Avenue, Swindon SN3 2LL	£2,028	53	2	Flat
£170K	12/22	0.31 mi	145, Kingswood Avenue, Park North, Swindon SN3 2RF	£2,771	61	2	Flat
£120K	12/22	0.36 mi	14, Broughton Grange, Swindon SN3 1LW	£1,846	65	2	Flat
£140K	07/21	0.36 mi	33, Broughton Grange, Swindon SN3 1LW	£2,154	65	2	Flat
£140K	08/21	0.36 mi	16, Broughton Grange, Swindon SN3 1LW	£2,154	65	2	Flat
£154K	12/22	0.38 mi	21, Broughton Grange, Swindon SN3 1LW	£2,369	65	2	Flat
£105K	12/22	0.49 mi	3, Sadler Walk, Swindon SN3 3AQ	£2,019	52	2	Flat
£125K	03/21	0.53 mi	23, Midhurst Avenue, Swindon SN3 2QG	£1,807	69	2	Flat
£115K	09/22	0.65 mi	1, Dacre Road, Swindon SN3 3DN	£1,917	60	2	Flat
£127K	12/22	0.65 mi	15, Tudor Walk, Swindon SN3 3DP	£3,024	42	2	Flat
£76K	02/21	0.74 mi	10, Kimmeridge Close, Nythe, Swindon SN3 3PZ	£1,617	47	2	Flat
£145K	12/22	0.76 mi	13, Charminster Close, Swindon SN3 3QB	£3,452	42	2	Flat
£153K	09/22	0.79 mi	43, Kennedy Drive, Swindon SN3 3SB	£2,508	61	2	Flat
£193K	03/21	0.91 mi	30, Steeple View, Swindon SN1 3FH	£3,217	60	2	Flat
£175K	05/21	0.96 mi	18b, High Street, Swindon SN1 3EP	-	-	2	Flat
£124K	10/21	0.97 mi	63, Dewell Mews, Swindon, Thamesdown SN3 1QU	-	-	2	Flat
£142K	08/21	0.97 mi	16, Dewell Mews, Swindon, Thamesdown SN3 1QU	-	-	2	Flat
£188K	11/22	0.98 mi	41, Tunnicliffe Close, Swindon SN3 1FP	£2,597	72	2	Flat
£120K	03/21	0.99 mi	Flat 3, Cirencester Court, Drove Road, Swindon SN1 3AU	-	-	2	Flat
£72K	10/21	0.99 mi	29, Tunnicliffe Close, Swindon SN3 1FP	£1,196	60	2	Flat

Local Rents

50 rents from £800/mo to £3.1K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,100	02/25	0.04 mi	-	2	Terraced House
£900	09/24	0.04 mi	Horsham Road, Swindon, SN3	2	Terraced House
£1,650	09/24	0.07 mi	Luxury furnished apartments for rent	2	Flat
£1,650	09/24	0.07 mi	Luxury furnished apartments for rent	2	Flat
£1,900	09/24	0.08 mi	Luxury furnished apartments for rent	2	Flat
£1,950	09/24	0.08 mi	Luxury furnished penthouse apartment	2	Flat
£1,150	09/24	0.29 mi	Woodhouse Road, Swindon	2	Semi-Detached House
£1,300	09/24	0.44 mi	Swindon, Wiltshire, SN3	2	Flat
£1,295	09/24	0.64 mi	The Acorns, Marlborough Road, Swindon, Wiltshire, SN3	2	Flat
£975	12/24	0.66 mi	-	2	Flat
£1,300	09/24	0.69 mi	Oakfield Avenue, Swindon	2	Terraced House
£1,095	08/24	0.9 mi	Charlotte Mews, Swindon, Wiltshire, SN1	2	Flat
£1,100	09/24	0.93 mi	Strouds Close, Old Town, Swindon, Wiltshire, SN3	2	Flat
£1,200	09/24	0.93 mi	Strouds Close, Old Town, Swindon, Wiltshire, SN3	2	Flat
£975	06/24	0.93 mi	-	2	Flat
£1,000	09/24	0.93 mi	2 Bedroom ground floor flat to rent, Old Town	2	Flat
£1,000	02/24	0.94 mi	-	2	Flat
£1,000	02/25	0.94 mi	-	2	Terraced House
£1,000	09/24	0.94 mi	-	2	House
£950	09/24	0.97 mi	Dewell Mews, Old Town	2	Flat
£1,250	11/24	0.97 mi	-	2	Terraced House
£1,295	12/24	0.97 mi	-	2	Flat
£1,200	03/25	0.98 mi	-	2	Flat
£995	08/24	0.98 mi	Emporium Court, Newport Street, Old Town, Swindon, SN1	2	Flat
£1,150	09/24	0.98 mi	Berenger Close, Old Town, Swindon	2	Terraced House
£2,300	03/25	0.98 mi	-	2	Flat
£950	09/24	0.99 mi	Tunnicliffe Close, SWINDON	2	Flat
£1,000	09/24	0.99 mi	Tunnicliffe Close, SWINDON	2	Flat
£3,150	09/24	1 mi	Victoria Road , Swindon, Wiltshire, SN1	2	Flat
£1,000	09/24	1.01 mi	Allen Close, SWINDON	2	Flat
£1,150	09/24	1.03 mi	Station Approach, Old Town, Swindon, Wiltshire, SN1	2	Flat
£900	09/24	1.03 mi	Little London Court, Swindon, SN1	2	Flat
£1,500	12/23	1.05 mi	-	2	Flat
£950	08/24	1.05 mi	Godwin Court, Old Town, Swindon, SN1	2	Flat
£950	11/23	1.05 mi	-	2	Flat
£950	11/24	1.05 mi	-	2	Flat
£900	09/24	1.05 mi	-	2	House
£1,100	09/24	1.05 mi	Old Brewery Lane, Old Town, Swindon, Wiltshire, SN1	2	Flat
£850	09/24	1.06 mi	Twickenham Close, Swindon, Wiltshire, SN3	2	Flat
£1,200	09/24	1.09 mi	Victoria Road, Old Town, Swindon, Wiltshire, SN1	2	Flat
£1,200	09/24	1.09 mi	Victoria Road, Old Town, Swindon, Wiltshire, SN1	2	Flat
£800	10/24	1.09 mi	-	2	Flat
£1,150	01/25	1.09 mi	-	2	Flat
£850	09/24	1.1 mi	-	2	Flat
£1,500	12/24	1.11 mi	-	2	Flat
£1,500	03/25	1.11 mi	-	2	Flat
£1,100	11/23	1.11 mi	-	2	Terraced House
£1,100	11/24	1.11 mi	-	2	Terraced House
£950	09/24	1.11 mi	Stanley Street, Swindon, Wiltshire	2	Terraced House
£2,500	07/24	1.11 mi	-	2	Semi-Detached House

Local Area Statistics

Population in SN3	51,56051,560
Population in Swindon	211,186211,186
Town centre distance	1.68 miles away1.68 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.62 miles away1.62 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+41%+41%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+22%+22%

Property History

Listed for £140,000

October 3, 2024

Floor Plans

Description

This two bedroom second floor apartment within the sought after location of HORSHAM ROAD is now available.
The apartment boasts a large living/dining room space which is open to the kitchen as well as benefitting from having two large double bedrooms and separate bathroom.
The property is in close proximity to Town Centre and the Great Western Hospital as well as other amenities.
With a potential rental value of £950pcm it would be perfect for an investment purchase or someone looking for their first home!

Agent Details

Charles Harding Estate Agents, Swindon

01793 540423

Next Steps?

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

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ValuationFair Value

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

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