6 Bed HMO, Swindon, SN1 3PY £400,000

Clifton Street, Kingshill, Swindon, SN1 3PY - 15 views - a year ago

Sold STC

HMO

ROI: 10%

~186 m²

ValuationUndervalued

Sold Prices	£410K - £865K
Sold Prices/m²	£3.2K/m² - £5.9K/m²

Square Metres	~186 m²
Price/m²	£2.2K/m²
Value Estimate	£484,000£484,000
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£100,000£100,000
Stamp Duty & Legal Fees	£31,200£31,200
Total Cash In	£131,200£131,200

Cash Out
Room Rate	£639£639
Gross Rent	£3,834
Running Costs/mo	£2,748£2,748
Cashflow/mo	£1,086£1,086
Cashflow/yr	£13,026£13,026
ROI	10%10%
Gross Yield	12%12%

Local Sold Prices

6 sold prices from £410K to £865K, average is £532.5K. £3.2K/m² to £5.9K/m², average is £3.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£462K	08/23	1.79 mi	9, Artis Avenue, Wroughton, Swindon SN4 9BP	£5,889	78	6	Semi-Detached House
£865K	06/21	2.29 mi	18, High Street, Wroughton, Swindon SN4 9JX	-	-	6	Semi-Detached House
£567.5K	04/23	2.37 mi	24, Badgers Brook, Wroughton, Swindon SN4 9DG	£3,224	176	6	Detached House
£410K	02/23	2.53 mi	71, Swindon Road, Stratton St Margaret, Swindon SN3 4PU	-	-	6	Detached House
£585K	12/22	2.59 mi	3, Chase Wood, Peatmoor, Swindon SN5 5AS	£3,426	171	6	Detached House
£497.5K	06/23	2.76 mi	73, Wynwards Road, Swindon SN25 4ZR	£3,401	146	6	Detached House

Local Area Statistics

Population in SN1	29,45329,453
Population in Swindon	211,186211,186
Town centre distance	1.21 miles away1.21 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.86 miles away0.86 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+3%+3%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+25%+25%

Property History

Listed for £400,000

October 17, 2024

Floor Plans

Description

INVESTMENT OPPORTUNITY SIX BEDROOM HMO 11.5% YIELD

Offered for sale in this prime location, we are pleased to offer this six bedroom HMO.

The current income being generated is £46,020 PA with a potential uplift to £C.49,000.

The property comprises; secure entrance, two Rooms to the ground floor with communal kitchen and gardens.

The first floor comprises an additional three rooms with the loft room offering full independant living space.

This property is being sold as part of a portfolio so please speak with Ellis Smith for further details if you would like to know more.

Agent Details

Richard James, Land & New Homes

01793 540329

Next Steps?

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

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6 Bed HMO, Swindon, SN1 3PY £400,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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