6 Bed HMO, Swindon, SN1 3AY £425,000

Victoria Road, Swindon, Wiltshire, SN1 3AY - a year ago
Sold STC
HMO
Outside Article 4
ROI: 7%
~174 m²
Property image
Property image
Property image
Property image

ValuationUndervalued

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

 

 

Square Metres

~173.90 m²
Price/m²£2.4K/m²

Value Estimate

£527,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£33,700

Total Cash In

£139,950

 

 

Cash Out

 

Room Rate

£602

Gross Rent

£3,612

Running Costs/mo

£2,786

Cashflow/mo

£826

Cashflow/yr

£9,917

ROI

7%

Gross Yield

10%

Local Sold Prices

5 sold prices from £410K to £865K, average is £497.5K. £3.2K/m² to £5.9K/m², average is £3.4K/m².

Price
Date
Distance
Address
Beds
 
£462K08/231.82 mi9, Artis Avenue, Wroughton, Swindon SN4 9BP6
£410K02/232.1 mi71, Swindon Road, Stratton St Margaret, Swindon SN3 4PU6
£865K06/212.42 mi18, High Street, Wroughton, Swindon SN4 9JX6
£567.5K04/232.47 mi24, Badgers Brook, Wroughton, Swindon SN4 9DG6
£497.5K06/232.87 mi73, Wynwards Road, Swindon SN25 4ZR6

Local Area Statistics

Population in SN1

29,453

Population in Swindon

211,186

Town centre distance

1.09 miles away

Nearest school

0.20 miles away

Nearest train station

0.83 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Listed for £425,000

November 15, 2024

Floor Plans

Property image

Description

  • 6 Bedroom HMO +
  • Sold with Tenants in Situ +
  • Prior Planning Granted +
  • Great Location +
  • Parking +
  • Great Potential +

This superb 6-bedroom HMO property, situated in the heart of Old Town, offers an ideal investment opportunity with a strong, consistent rental income and growth potential. Boasting a current 100% occupancy rate and a gross yield of 9.75% in its current condition, this property is an exceptional addition to any portfolio.

Inside, the property is designed to maximize tenant convenience and privacy. Six well-sized bedrooms provide comfortable living, with two rooms featuring their own kitchenette an attractive feature for tenants seeking a little extra independence. The well-maintained communal kitchen and shared facilities add to the property s appeal for long-term tenants.

Strategically located within walking distance of a range of local amenities, as well as the bus and train stations, this property offers unparalleled convenience for tenants working in or traveling around the area. With off-street parking available to the rear, tenant access and vehicle security are added bonuses, further enhancing its desirability.

This property comes with planning history for a two-storey rear extension, previously approved to add three additional en-suite rooms. Expanding the property would not only increase the rental yield but also heighten its market value, making it an excellent prospect for future income growth.

This is a prime HMO investment in a bustling town centre location an opportunity that combines reliable returns with excellent prospects for value and income enhancement.

Agent Details

Gatekeeper, Swindon

01793 540534

Next Steps?

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