2 Bed Flat, Single Let, Slough, SL3 8PZ, £274,950

11 Sovereign Heights, Slough, SL3 8PZ - 1 views - 5 months ago

Leasehold

BTL

ROI: 3%

57 m²

+5 photos

ValuationOvervalued

Sold Prices	£132.5K - £295K
Sold Prices/m²	£2.6K/m² - £5K/m²

Square Metres	57 m²
Price/m²	£4.8K/m²
Value Estimate	£220,654£220,654

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£68,738£68,738
Stamp Duty & Legal Fees	£10,696£10,696
Total Cash In	£79,434£79,434

Cash Out
Rent Range	£1,295 - £2,550£1,295 - £2,550
Rent Estimate	£1,350
Running Costs/mo	£1,149£1,149
Cashflow/mo	£201£201
Cashflow/yr	£2,409£2,409
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

25 sold prices from £132.5K to £295K, average is £243K. £2.6K/m² to £5K/m², average is £3.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£270K	07/23	0.02 mi	3, Sovereign Heights, Slough SL3 8PZ	-	-	2	Flat
£250K	06/23	0.13 mi	1, Laburnum Grove, Slough SL3 8QS	£4,386	57	2	Flat
£253.5K	09/21	0.13 mi	3, Laburnum Grove, Slough SL3 8QS	£4,225	60	2	Flat
£241K	11/23	0.14 mi	56, Welland Close, Slough SL3 8UP	£4,820	50	2	Flat
£220K	03/21	0.14 mi	29, Welland Close, Slough SL3 8UP	£3,793	58	2	Flat
£260K	09/23	0.17 mi	40, Laburnum Grove, Slough SL3 8QU	£3,467	75	2	Flat
£233K	06/21	0.18 mi	119, Laburnum Grove, Slough SL3 8QT	£3,949	59	2	Flat
£230K	06/21	0.18 mi	87, Laburnum Grove, Slough SL3 8QT	£4,107	56	2	Flat
£275K	08/23	0.18 mi	67, Laburnum Grove, Slough SL3 8QT	£4,911	56	2	Flat
£250K	05/23	0.22 mi	44, Grampian Way, Slough SL3 8UG	£3,289	76	2	Flat
£230K	04/23	0.22 mi	32, Grampian Way, Slough SL3 8UG	-	-	2	Flat
£240K	08/23	0.35 mi	3, Sir Robert Mews, Slough SL3 8ND	£3,636	66	2	Flat
£240K	09/23	0.4 mi	5, Tracy Avenue, Slough SL3 7GN	£3,764	64	2	Flat
£252.5K	06/21	0.46 mi	4, Gilbert Way, Slough SL3 7GR	£3,156	80	2	Flat
£243.5K	01/21	0.51 mi	2, Wylands Road, Slough SL3 8JT	£4,127	59	2	Flat
£282K	10/22	0.51 mi	16, Wylands Road, Slough SL3 8JT	£4,947	57	2	Flat
£225K	07/23	0.69 mi	15, Tithe Court, Slough SL3 8AS	£3,689	61	2	Flat
£265K	03/21	0.71 mi	46, Tobermory Close, Slough SL3 7JG	£3,732	71	2	Flat
£270K	09/23	0.71 mi	41, Tobermory Close, Slough SL3 7JG	£3,553	76	2	Flat
£295K	10/20	0.77 mi	87, Grasholm Way, Slough SL3 8WF	£3,512	84	2	Flat
£132.5K	04/21	0.81 mi	109, Vicarage Way, Colnbrook, Slough SL3 0RB	£2,626	50	2	Flat
£243K	11/20	0.85 mi	13, Darrell Close, Slough SL3 7QN	£4,418	55	2	Flat
£225K	01/21	0.87 mi	16, Darrell Close, Slough SL3 7QN	£4,091	55	2	Flat
£218K	05/23	0.88 mi	Flat 2, St Andrews Court, High Street, Colnbrook, Slough SL3 0HU	£4,955	44	2	Flat
£205K	02/21	0.99 mi	Flat 2, Bridge House, Bridge Street, Colnbrook, Slough SL3 0JH	-	-	2	Flat

Local Rents

27 rents from £1.3K/mo to £2.5K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,425	08/24	0 mi	-	2	Flat
£1,500	02/25	0.02 mi	-	2	Flat
£1,500	08/24	0.05 mi	Sovereign Heights, Slough	2	Flat
£1,350	08/24	0.14 mi	*LET AGREEDWelland Close, LangleyLET AGREED*	2	Flat
£1,295	08/24	0.14 mi	Welland Close, Langley, Berkshire, SL3	2	Flat
£1,350	08/24	0.15 mi	-	2	Flat
£1,350	08/24	0.15 mi	-	2	Flat
£1,400	08/24	0.27 mi	Sutton Place, Langley	2	Flat
£1,550	11/24	0.32 mi	-	2	Flat
£1,500	09/24	0.34 mi	Langley - 1 mile to Railway Station	2	Flat
£2,500	02/25	0.4 mi	-	2	Flat
£2,500	02/25	0.4 mi	-	2	Flat
£2,500	02/25	0.4 mi	-	2	Flat
£2,450	02/25	0.4 mi	-	2	Flat
£2,550	02/25	0.4 mi	-	2	Flat
£2,550	02/25	0.4 mi	-	2	Flat
£2,400	02/25	0.4 mi	-	2	Flat
£1,400	08/24	0.42 mi	Tamar Way	2	Flat
£1,350	02/25	0.44 mi	-	2	Flat
£1,400	03/25	0.45 mi	-	2	Flat
£1,650	09/24	0.46 mi	Longwood Avenue, Slough	2	Flat
£1,645	11/24	0.46 mi	-	2	Flat
£1,645	11/24	0.46 mi	-	2	Flat
£1,850	08/24	0.48 mi	-	2	Terraced House
£1,650	09/24	0.5 mi	Parsons Road, Langley Woods	2	Flat
£1,650	12/24	0.58 mi	-	2	Flat
£1,500	09/24	0.6 mi	Kimberley Close, Langley, SL3	2	Terraced House

Local Area Statistics

Population in SL3	45,18245,182
Population in Slough	168,514168,514
Town centre distance	2.88 miles away2.88 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.26 miles away1.26 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

Listed for £274,950

October 7, 2024

Floor Plans

Description

Charming property located in prestigious Sovereign Heights, Langley. +
Cozy reception room, two bedrooms, and two bathrooms +
Open Plan Kitchen / Reception Room +
Secure gated parking for peace of mind and convenience. +
Offered with a long lease; contact Aspen Estate Agents to arrange a viewing +
Built in 2003, featuring modern design and well-maintained grounds. +

Aspen Estate Agents are delighted to introduce this charming property located in the prestigious Sovereign Heights in Slough. This delightful apartment boasts a cozy reception room, two bedrooms, and two bathrooms one being an en suite bathroom in the principal bedroom which also has built in storage.

Built in 2003, this property features a modern design and well-maintained grounds. Spanning 700 sq ft, this first-floor apartment offers a spacious layout that is both practical and stylish and the secure gated parking provides peace of mind and convenience. Offered to the market with a long lease don't miss the opportunity to make this lovely property your new home. Contact Aspen Estate Agents today to arrange a viewing.

Agent Details

Aspen Estate Agents Limited, Englefield Green & Egham

01784 777938

Next Steps?

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

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