2 Bed Terraced House, Refurb/BRRR, Swindon, SN5 8RB, £190,000

Basingstoke Close, Freshbrook, Swindon, SN5 8RB - 5 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~68 m²
+10 photos

ValuationFair Value

Sold Prices£156K - £302.3K
Sold Prices/m²£2.2K/m² - £5.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£193,800

 

 

End Value (After Refurb)

£219,281

Uplift in Value

+15%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£27,749

Bridging Loan Interest

£4,988

Total Cash In

£92,686

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£219,281

Mortgage (After Refinance)

£164,461

Mortgage LTV

75%

Cash Released

£21,961

Cash Left In

£70,725

Equity

£54,820

Rent Range

£850 - £3,000

Rent Estimate

£1,198

Running Costs/mo

£945

Cashflow/mo

£253

Cashflow/yr

£3,038

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £156K to £302.3K, average is £197.5K. £2.2K/m² to £5.4K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£170K10/200.06 mi31, Kimbolton Close, Freshbrook, Swindon, Thamesdown SN5 8RE2
£218K04/230.06 mi44, Kimbolton Close, Freshbrook, Swindon SN5 8RE2
£178K12/200.06 mi60, Kimbolton Close, Freshbrook, Swindon, Thamesdown SN5 8RE2
£230K02/230.08 mi12, Bradenham Road, Grange Park, Swindon SN5 6EB2
£230K02/210.08 mi13, Paulet Close, Grange Park, Swindon SN5 6JE2
£261.5K08/230.08 mi18, Paulet Close, Grange Park, Swindon SN5 6JE2
£252.5K11/210.08 mi1, Winstanley Close, Freshbrook, Swindon SN5 8RR2
£220K11/200.08 mi12, Winstanley Close, Freshbrook, Swindon SN5 8RR2
£230K03/210.08 mi18, Winstanley Close, Freshbrook, Swindon SN5 8RR2
£190K05/210.09 mi52, Leslie Close, Freshbrook, Swindon SN5 8QT2
£214K08/230.09 mi44, Leslie Close, Freshbrook, Swindon SN5 8QT2
£193K07/210.09 mi43, Leslie Close, Freshbrook, Swindon, Thamesdown SN5 8QT2
£225K03/210.09 mi49, Leslie Close, Freshbrook, Swindon, Thamesdown SN5 8QT2
£270K08/210.1 mi32, Ashburnham Close, Freshbrook, Swindon SN5 8RA2
£197K03/230.1 mi19, Ashburnham Close, Freshbrook, Swindon SN5 8RA2
£180.5K04/210.1 mi1, Sheen Close, Grange Park, Swindon, Thamesdown SN5 6JF2
£195K02/230.11 mi151, Crawford Close, Freshbrook, Swindon SN5 8PS2
£195K02/230.15 mi5, Wakefield Close, Freshbrook, Swindon SN5 8QU2
£235K02/230.15 mi4, Monteagle Close, Grange Park, Swindon SN5 6EF2
£200K02/230.17 mi1, Bradenham Road, Grange Park, Swindon SN5 6EB2
£220K02/230.18 mi132, Crawford Close, Freshbrook, Swindon SN5 8PU2
£177.5K01/210.25 mi16, Holbein Mews, Grange Park, Swindon SN5 6DQ2
£198K02/210.26 mi56, Pendennis Road, Freshbrook, Swindon, Thamesdown SN5 8QH2
£205K07/230.26 mi17, Langport Close, Freshbrook, Swindon SN5 8PF2
£190K04/230.26 mi37, Godolphin Close, Freshbrook, Swindon SN5 8RL2
£165K03/210.27 mi14, Kilsyth Close, Freshbrook, Swindon SN5 8PJ2
£175K11/200.28 mi8, Pendennis Road, Freshbrook, Swindon SN5 8QD2
£180K05/210.29 mi5, Camden Close, Grange Park, Swindon SN5 6BU2
£195K03/210.29 mi4, Camden Close, Grange Park, Swindon SN5 6BU2
£193K07/210.3 mi30, Pendennis Road, Freshbrook, Swindon SN5 8QF2
£222.5K05/230.3 mi37, Pendennis Road, Freshbrook, Swindon SN5 8QF2
£205K04/210.31 mi3, Mulcaster Avenue, Grange Park, Swindon, Thamesdown SN5 6EG2
£177K01/210.31 mi19, Chalgrove Field, Freshbrook, Swindon, Thamesdown SN5 8QA2
£258K02/230.33 mi12, Mildmay Close, Grange Park, Swindon SN5 6HY2
£169K01/210.34 mi80, Castle Dore, Freshbrook, Swindon SN5 8PH2
£156K10/200.34 mi64, Castle Dore, Freshbrook, Swindon, Wiltshire SN5 8PH2
£167.5K10/200.34 mi60, Castle Dore, Freshbrook, Swindon SN5 8PH2
£169K11/200.34 mi66, Castle Dore, Freshbrook, Swindon SN5 8PH2
£250K01/230.35 mi4, Mildmay Close, Grange Park, Swindon SN5 6HY2
£245K02/210.44 mi22, Edgehill, Freshbrook, Swindon SN5 8NN2
£230K03/230.49 mi8, Ascham Road, Grange Park, Swindon SN5 6BG2
£193K05/210.49 mi22, Ascham Road, Grange Park, Swindon SN5 6BG2
£232.5K07/230.49 mi36, Bellver, Toothill, Swindon SN5 8JU2
£170K03/210.49 mi31, Bellver, Toothill, Swindon SN5 8JU2
£227K08/230.49 mi24, Bellver, Toothill, Swindon SN5 8JU2
£190K07/210.51 mi21, Marney Road, Grange Park, Swindon SN5 6AN2
£190K11/210.52 mi5, Newbury Drive, Freshbrook, Swindon SN5 8PA2
£302.3K12/220.53 mi50, Langdale Drive, Freshbrook, Swindon SN5 8NR2
£185K05/210.53 mi11, Clare Walk, Toothill, Swindon, Thamesdown SN5 8JQ2
£215K06/230.53 mi9, Clare Walk, Toothill, Swindon SN5 8JQ2

Local Rents

21 rents from £850/mo to £3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10009/240.24 miLisle Close, Grange Park, Swindon, Wiltshire, SN52
£97509/240.41 miTallis Walk, Grange Park, Swindon2
£1,10009/240.49 miAscham Road, Swindon, Wiltshire, SN52
£1,15012/240.53 mi-2
£2,40003/250.59 mi-2
£1,25001/250.86 mi-2
£90009/240.87 miPercheron Close, Ramleaze, West Swindon, Wiltshire, SN52
£87509/240.92 miWatercrook Mews, Westlea, SWINDON2
£1,15002/250.92 mi-2
£1,07510/240.93 mi-2
£85009/240.95 miCharolais Drive, Swindon 2
£1,00009/240.97 miRidge Green, Shaw, SN52
£1,05009/240.97 miRidge Green, Shaw, SN52
£99509/240.97 miMelrose Close, Westlea, SN52
£1,15003/251.02 mi-2
£95009/241.02 miRidge Green, Shaw, Swindon, Wiltshire, SN52
£3,00010/241.1 mi-2
£90009/241.13 miThe Quadrant, Stonehill Green, Westlea2
£1,05009/241.15 miThe Quadrant2
£1,05009/241.15 miThe Quadrant, Stonehill Green, Westlea2
£1,19509/241.18 miMortimer Close, Shaw, Swindon, SN52

Local Area Statistics

Population in SN5

32,955

Population in Swindon

211,186

Town centre distance

2.94 miles away

Nearest school

0.20 miles away

Nearest train station

2.66 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+0%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £190,000

October 9, 2024

Floor Plans

Description

  • 2 BEDROOMS +

  • END TERRACE +

  • GARAGE & PARKING +

  • WELL MAINTAINED GARDEN +

  • IN NEED OF MODERNISATION +

  • PERFECT STARTER OR INVESTMENT HOME +

  • NO ONWARD CHAIN +

  • WEST SWINDON +

SUMMARY
Allen & Harris are pleased to bring to market this wonderful 2 Bedroom End Terrace property, situated in Freshbrook in West Swindon. This property has plenty of potential for the next owner to make their own! PLUS, there's NO ONWARD CHAIN!

DESCRIPTION
Allen & Harris are pleased to bring to market this wonderful 2 Bedroom End Terrace property, situated in Freshbrook in West Swindon. This property has plenty of potential for the next owner to make their own! PLUS, there's NO ONWARD CHAIN!

The property offers entrance porch, living room and kitchen/diner on the ground floor. The washing machine and fridge freezer will be included, and both are reasonably new. The garden is maintainable, and has had new patio slabs laid. There is also side access to a parking space, and garage which has recently had a new roof fitted. Upstairs you will find a generous sized master bedroom, second bedroom and family bathroom.

The property is in need of modernisation, and is the perfect start for someone wanting to put their own stamp on something. The electrics have been replaced recently, and has a 7 year old boiler which has been serviced yearly and still under warranty, meaning the majority of the work needed is purley cosmetic!

Entrance Hall  
Front aspect door and a side aspect window.

Lounge  
Front aspect window, stairs to the first floor, door into the kitchen and a radiator.

Kitchen  
Fitted kitchen comprising of a range of wall and base units with worksurfaces over, sink and drainer, integral oven, hob and cookerhood, space and plumbing for a washing machine, space for a fridge/ freezer, wall mounted boiler, rear aspect window, rear aspect door into the garden and a radiator.

First Floor  

Bedroom One 
Two front aspect windows, storage cupboard and two radiators.

Bedroom Two  
Rear aspect window and a radiator.

Bathroom  
Fitted suite comprising of a bath with a shower over, wash hand basin, W/C and a rear aspect window.

Rear Garden  
patio area, laid to lawn, mature shrubs and a rear and side access gate.

Front Garden  
Concrete path and laid to lawn.

Garage  

Parking  
allocated

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Allen & Harris, Swindon

01793 540442

Next Steps?

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