3 Bed Detached House, Refurb/BRRR, Slough, SL3 8XY, £525,000

2 High Street, Slough, Langley, Berkshire, SL3 8HE - 2 views - 4 months ago

Sold STC
Refurb/BRRR
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£220K - £590K
Sold Prices/m²£2.4K/m² - £7.1K/m²

 

 

Square Metres

~93 m²
Price/m²£5.6K/m²

Value Estimate

£483,275

 

 

End Value (After Refurb)

£486,719

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£131,250

Stamp Duty & Legal Fees

£30,700

Refurb Costs

£45,878

Bridging Loan Interest

£13,781

Total Cash In

£223,359

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£486,719

Mortgage (After Refinance)

£365,039

Mortgage LTV

75%

Cash Left In

£223,359

Equity

£121,680

Rent Range

£1,575 - £2,500

Rent Estimate

£2,032

Running Costs/mo

£1,947

Cashflow/mo

£85

Cashflow/yr

£1,020

Gross Yield

5%

Local Sold Prices

50 sold prices from £220K to £590K, average is £485K. £2.4K/m² to £7.1K/m², average is £5.6K/m².

PriceDateDistanceAddressBeds 
£485K04/230.15 mi89, Meadfield Road, Langley, Slough SL3 8HY3
£357K04/210.16 mi2, Mead Close, Slough SL3 8HX3
£580.6K12/200.18 mi154, Meadfield Road, Slough SL3 8JF3
£485K06/210.23 mi13, Ember Road, Slough SL3 8ED3
£520K11/210.23 mi30, Ember Road, Slough SL3 8ED3
£520K08/230.23 mi49, Ember Road, Slough SL3 8ED3
£485K11/200.23 mi51, Ember Road, Slough SL3 8ED3
£470K02/210.23 mi38, Ember Road, Slough SL3 8ED3
£406.5K10/200.25 mi18, Ash Close, Slough SL3 8EG3
£571K05/240.27 mi5, Burroway Road, Slough SL3 8EH3
£530K01/240.27 mi3, Kennett Road, Slough SL3 8EF3
£580K04/210.28 mi57, Meadfield Road, Slough SL3 8HR3
£436K04/210.28 mi31, Meadfield Road, Slough SL3 8HR3
£500K11/210.29 mi4, Burroway Road, Slough SL3 8EN3
£500K10/230.29 mi28, Kennett Road, Slough SL3 8EE3
£535K02/230.3 mi28, New Road, Slough SL3 8JJ3
£491K10/230.3 mi30, New Road, Slough SL3 8JJ3
£475K10/200.33 mi1, Windrush Avenue, Slough SL3 8ER3
£485K03/210.34 mi43, Willoughby Road, Slough SL3 8JH3
£515K01/210.34 mi14, Willoughby Road, Slough SL3 8JH3
£490K05/210.34 mi6, Willoughby Road, Slough SL3 8JH3
£455K05/210.34 mi25, Willoughby Road, Slough SL3 8JH3
£505K07/230.34 mi32, Willoughby Road, Slough SL3 8JH3
£480K08/230.35 mi4, Hinksey Close, Slough SL3 8EB3
£510K01/210.35 mi23, Hinksey Close, Slough SL3 8EB3
£435K03/210.35 mi16, Hinksey Close, Slough SL3 8EB3
£220K03/230.35 mi11, Hinksey Close, Slough SL3 8EB3
£550K01/240.36 mi42, Thames Road, Slough SL3 8DZ3
£467.5K12/220.37 mi97, Meadfield Road, Langley, Slough SL3 8HY3
£580K04/230.37 mi26, Meadfield Avenue, Slough SL3 8HP3
£505K12/230.38 mi73, Seacourt Road, Slough SL3 8EP3
£485K02/210.38 mi51, Seacourt Road, Slough SL3 8EP3
£500K10/200.39 mi28, Sharney Avenue, Slough SL3 8EA3
£425K12/220.4 mi290, Parlaunt Road, Slough SL3 8AX3
£474K02/210.4 mi31, Thames Road, Slough SL3 8DX3
£517.5K04/210.4 mi27, Thames Road, Slough SL3 8DX3
£546K09/230.4 mi15, Thames Road, Slough SL3 8DX3
£470K11/230.4 mi21, Elmhurst Road, Slough SL3 8LT3
£367.5K03/210.4 mi22, Elmhurst Road, Slough SL3 8LT3
£372.5K08/230.4 mi2, Elmhurst Road, Slough SL3 8LT3
£393K03/210.42 mi308, Parlaunt Road, Slough SL3 8AX3
£366K09/200.42 mi286, Parlaunt Road, Slough SL3 8AX3
£375K09/200.42 mi284, Parlaunt Road, Slough SL3 8AX3
£246K03/230.42 mi132, Parlaunt Road, Slough SL3 8AZ3
£445K03/210.43 mi57, Parlaunt Road, Slough SL3 8BE3
£435K02/210.43 mi95, Parlaunt Road, Slough SL3 8BE3
£515K03/230.43 mi129, Parlaunt Road, Slough SL3 8BE3
£440K04/210.46 mi13, Raymond Road, Slough SL3 8LN3
£590K01/230.46 mi3, Raymond Road, Slough SL3 8LN3
£430K06/230.46 mi91, Sutton Lane, Slough SL3 8AU3

Local Rents

37 rents from £1.6K/mo to £2.5K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£1,75002/250.06 mi-3
£2,00008/240.12 miHarvey Road, Langley3
£2,10011/240.13 mi-3
£1,90001/250.16 mi-3
£2,25009/240.18 miEmber Road, Slough, SL33
£2,25009/240.18 mi-3
£2,00009/240.19 mi-3
£2,00009/240.2 miMead Avenue, SLOUGH3
£1,75009/240.22 miMead Avenue, Langley, SL33
£2,25009/240.23 miEmber Road, Langley3
£2,10009/240.25 mi-3
£2,10008/240.33 miWindrush Avenue, Langley, SL33
£2,10008/240.36 miWindrush Avenue, Langley, Berkshire, SL33
£2,00002/250.37 mi-3
£2,50009/240.4 mi-3
£1,75008/240.4 miParlaunt Road, Slough, SL33
£1,57503/250.41 mi-3
£1,85009/240.42 miSutton Lane3
£2,30008/240.44 mi-3
£2,20012/240.45 mi-3
£2,10009/240.46 miBlunden Drive, Langley, SL33
£2,00009/240.46 miRaymond Road, SLOUGH3
£2,10009/240.46 miRaymond Road, Langley3
£1,85009/240.47 miFormby Close, Langley3
£1,80010/240.47 mi-3
£2,50009/240.48 miAlderbury Road, Slough, Berkshire, SL33
£2,00011/240.5 mi-3
£1,99509/240.5 miDeverills Way, Langley, SL33
£2,00009/240.5 miDeverills Way, Langley3
£2,10002/240.53 mi-3
£1,80008/240.53 mi-3
£1,75008/240.54 miKempe Close, Langley3
£1,90011/240.55 mi-3
£2,00008/240.58 mi-3
£1,80009/240.6 miTamar Way, Slough3
£1,80009/240.6 miTamar Way, Langley.3
£1,85002/240.61 mi-3

Local Area Statistics

Population in SL3

45,182

Population in Slough

168,514

Town centre distance

2.69 miles away

Nearest school

0.20 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-46%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £525,000

November 18, 2024

Sold for £249,950

2003

Sold for £96,500

1996

Floor Plans

Description

  • Three Bedroom Detached Family Home +
  • Potential for extension (STPP) & Internal Renovation +
  • Driveway Parking and Front Garden +
  • 24 ft Living Room/ Diner +
  • Quiet cul-de-sac location +
  • Walking distance from Langley Station +
  • Ideal access for London Heathrow/M25 +
  • Perfect for a first time buyer or investment +
  • Internal 15ft Garage +

Situated in a popular residential development within walking distance of Langley station, this three bedroom detached property offers potential to further develop, extend (STPP) and renovate internally. The integral 15ft garage lends itself well to adaptation with possible conversion uses including downstairs bathroom or utility. The ground floor comprises entrance hallway, cosy 14ft living room to the front of the house, separate dining room and kitchen with gas cooker and patio door for garden access.  Three well-proportioned bedrooms are organised across the first floor with a range of fitted and integrated wardrobes, as well as the family bathroom. The property is stretched across 927 square ft providing sufficient space suitable for a family. Externally there is a driveway to the front of the house with adjacent well-manicured front lawn. The rear garden offers side access, patio area and the rest laid to lawn. The property is located within easy reach of multiple nearby schools as well as being easily accessible from Heathrow airport and motorway links including M25.

Agent Details

Oakwood Estates, Langley

01753 944008

Next Steps?

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