2 Bed Flat, Single Let, Slough, SL1 4ED, £220,000

Astoria Heights, Farnham Road, Slough SL1 4ED - 1 views - 4 months ago

Leasehold

BTL

ROI: 7%

~68 m²

+3 photos

ValuationUndervalued

Sold Prices	£100K - £288K
Sold Prices/m²	£1.7K/m² - £5.6K/m²

Square Metres	~68.11 m²
Price/m²	£3.2K/m²
Value Estimate	£252,130£252,130
BMV	15%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£55,000£55,000
Stamp Duty & Legal Fees	£7,800£7,800
Total Cash In	£62,800£62,800

Cash Out
Rent Range	£1,175 - £3,600£1,175 - £3,600
Rent Estimate	£1,350
Running Costs/mo	£978£978
Cashflow/mo	£373£373
Cashflow/yr	£4,470£4,470
ROI	7%7%
Gross Yield	7%7%

Local Sold Prices

38 sold prices from £100K to £288K, average is £224K. £1.7K/m² to £5.6K/m², average is £3.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£197K	02/21	0.18 mi	128, Farnham Road, Slough SL1 4XA	£3,397	58	2	Flat
£202K	11/20	0.31 mi	50, Thirkleby Close, Slough SL1 3XF	£4,391	46	2	Flat
£112.5K	06/21	0.38 mi	140, Windmill Road, Slough SL1 3SW	£1,815	62	2	Flat
£185K	09/21	0.42 mi	37a, Montrose Avenue, Slough SL1 4TN	-	-	2	Flat
£270K	06/21	0.44 mi	57, Windmill Road, Slough SL1 3SX	-	-	2	Flat
£195K	03/23	0.48 mi	Flat 19, Fieldview Court, Farnburn Avenue, Slough SL1 4XZ	-	-	2	Flat
£211K	06/23	0.5 mi	30, Rutland Avenue, Slough SL1 3AL	£3,702	57	2	Flat
£237.5K	09/21	0.54 mi	30, Tuns Lane, Slough SL1 2XD	£3,958	60	2	Flat
£227K	04/23	0.62 mi	34, Pickfords Gardens, Slough SL1 3GE	£3,685	62	2	Flat
£230K	03/23	0.62 mi	19, Pickfords Gardens, Slough SL1 3GE	£3,710	62	2	Flat
£243.5K	04/21	0.65 mi	91, Furnival Avenue, Slough SL2 1DL	£3,634	67	2	Flat
£220K	06/21	0.68 mi	113, Weekes Drive, Slough SL1 2YN	£3,013	73	2	Flat
£195K	10/20	0.68 mi	101, Weekes Drive, Slough SL1 2YN	£2,635	74	2	Flat
£218K	12/20	0.68 mi	87, Weekes Drive, Slough SL1 2YN	£2,946	74	2	Flat
£223K	10/21	0.68 mi	151, Weekes Drive, Slough SL1 2YW	£3,055	73	2	Flat
£110K	10/20	0.7 mi	75, Blair Road, Slough SL1 3ST	£1,746	63	2	Flat
£215K	04/23	0.71 mi	210, Weekes Drive, Slough SL1 2YR	£2,986	72	2	Flat
£235K	03/23	0.71 mi	174, Weekes Drive, Slough SL1 2YR	£3,219	73	2	Flat
£195K	07/23	0.8 mi	79, Gatewick Close, Slough SL1 3SE	£3,421	57	2	Flat
£180K	08/21	0.8 mi	Flat 7, Centrika, Bath Road, Slough SL1 3SL	-	-	2	Flat
£195K	01/21	0.82 mi	2, Boarlands Close, Slough SL1 5DD	£3,750	52	2	Flat
£245K	02/21	0.83 mi	8, Adelphi Gardens, Slough SL1 2RG	£4,537	54	2	Flat
£210K	02/21	0.83 mi	40, Lancaster Avenue, Slough SL2 1AX	£4,118	51	2	Flat
£262K	02/21	0.83 mi	10, Lancaster Avenue, Slough SL2 1AX	-	-	2	Flat
£268K	02/23	0.84 mi	6, Lancaster Avenue, Slough SL2 1AX	£5,469	49	2	Flat
£225K	11/20	0.85 mi	85, Lancaster Avenue, Slough SL2 1AU	£3,879	58	2	Flat
£253K	05/23	0.86 mi	35, School Lane, Slough SL2 5BU	-	-	2	Flat
£100K	08/21	0.87 mi	32, Ridgebank, Slough SL1 5BL	£2,326	43	2	Flat
£235K	07/21	0.88 mi	62, Cornwall Avenue, Slough SL2 1AZ	£4,196	56	2	Flat
£288K	02/21	0.89 mi	44, Crofthill Road, Slough SL2 1HF	£3,789	76	2	Flat
£275K	02/23	0.9 mi	137, Canterbury Avenue, Slough SL2 1BH	-	-	2	Flat
£232K	03/21	0.9 mi	53, Cornwall Avenue, Slough SL2 1AY	£4,377	53	2	Flat
£252K	04/23	0.9 mi	3, Cornwall Avenue, Slough SL2 1AY	-	-	2	Flat
£240K	11/22	0.9 mi	145, Canterbury Avenue, Slough SL2 1BH	-	-	2	Flat
£195K	04/21	0.92 mi	18, Westcroft, Slough SL2 1HN	-	-	2	Flat
£235K	06/21	0.93 mi	157, Canterbury Avenue, Slough SL2 1BD	£5,341	44	2	Flat
£242K	03/21	0.94 mi	53, Cowper Road, Slough SL2 1TF	£5,628	43	2	Flat
£136.8K	11/20	0.97 mi	19a, Alexandra Road, Slough SL1 2NQ	£2,358	58	2	Flat

Local Rents

38 rents from £1.2K/mo to £3.6K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,850	01/25	0.21 mi	-	2	Flat
£2,850	01/25	0.21 mi	-	2	Flat
£1,450	08/24	0.25 mi	Redwood Gardens, Slough	2	Terraced House
£1,175	09/24	0.29 mi	Lombard Buildings, Farnham Road	2	Flat
£1,500	09/24	0.3 mi	-	2	Semi-Detached House
£1,450	09/24	0.31 mi	Thirkleby Ave, Slough	2	Flat
£1,450	10/23	0.31 mi	Slough, SL1	2	Flat
£1,350	02/25	0.32 mi	-	2	Flat
£1,350	02/25	0.34 mi	-	2	Flat
£1,550	02/25	0.35 mi	-	2	Flat
£1,650	02/25	0.35 mi	-	2	Flat
£1,400	03/25	0.36 mi	-	2	Flat
£2,400	08/24	0.39 mi	-	2	Flat
£2,000	10/24	0.39 mi	-	2	Flat
£1,350	08/24	0.41 mi	Windmill Road, Slough	2	Flat
£1,500	09/24	0.43 mi	Peel Court, Slough, SL1	2	Flat
£1,450	10/24	0.43 mi	-	2	Flat
£1,450	10/24	0.43 mi	-	2	Flat
£1,400	09/24	0.44 mi	Windmill Road, Slough, SL1	2	Flat
£1,600	10/23	0.44 mi	Windmill Road, Slough	2	Flat
£1,600	08/24	0.47 mi	Quadrivium Point, Tuns Lane, Slough, SL1	2	Flat
£1,500	03/25	0.47 mi	-	2	Flat
£1,500	09/24	0.48 mi	-	2	Flat
£1,400	03/25	0.49 mi	-	2	Flat
£1,500	02/25	0.49 mi	-	2	Flat
£3,600	09/24	0.49 mi	Bath Road, Slough, Berkshire, SL1	2	Flat
£1,600	08/24	0.49 mi	Bath Road, Slough	2	Flat
£1,650	01/25	0.49 mi	-	2	Flat
£1,350	11/24	0.51 mi	-	2	Flat
£1,500	09/24	0.53 mi	Pickfords Gardens, Slough, Berkshire, SL1	2	Flat
£1,500	08/24	0.53 mi	-	2	Flat
£2,200	09/24	0.54 mi	-	2	Terraced House
£1,550	08/24	0.56 mi	Pickfords Gardens, SLOUGH	2	Flat
£1,475	08/24	0.56 mi	Pickford Gardens	2	Flat
£1,600	08/24	0.57 mi	-	2	Flat
£1,450	09/24	0.57 mi	Central Slough	2	Flat
£1,650	10/24	0.58 mi	-	2	Terraced House
£1,700	09/24	0.59 mi	Littleport Spur, Slough, SL1 3JD	2	Terraced House

Local Area Statistics

Population in SL1	70,23470,234
Population in Slough	168,514168,514
Town centre distance	0.89 miles away0.89 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.08 miles away1.08 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-26%-26%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+17%+17%

Property History

Listed for £220,000

November 7, 2024

Floor Plans

Description

TWO BEDROOM APARTMENT +
ALLOCATED PARKING FOR TWO CARS +
DOUBLE GLAZED +
TOP FLOOR APARTMENT +
CLOSE TO TOWN CENTRE AND M4 +
GATED DEVELOPMENT +
NO ONWARD CHAIN +

This is a fantastic two bedroom apartment set in Slough. Offering spacious accommodation throughout, easy access to Slough and all its local amenities and modern living and two designated parking spaces.The property comprises of entrance hall, two bedrooms, bathroom and living area. Ideal for any investor or first time buyer.Lease Remaining 118Annual Ground Rent: £450Annual Service Charge: £2300

Agent Details

Langhams Estate Agents, Slough

01753 969808

Next Steps?

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

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