2 Bed Flat, Single Let, Maidenhead, SL6 1RS, £220,000

Maidenhead, Berkshire, SL6 1RS - 5 months ago

Leasehold
BTL
ROI: 9%
~56 m²
+14 photos

ValuationUndervalued

Sold Prices£145K - £410K
Sold Prices/m²£2.8K/m² - £5.2K/m²

 

 

Square Metres

~56.02 m²
Price/m²£3.9K/m²

Value Estimate

£242,120
BMV10%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£12,200

Total Cash In

£67,200

 

 

Cash Out

 

Rent Range

£1,420 - £4,000

Rent Estimate

£1,500

Running Costs/mo

£1,008

Cashflow/mo

£493

Cashflow/yr

£5,910

ROI

9%

Gross Yield

8%

Local Sold Prices

41 sold prices from £145K to £410K, average is £265K. £2.8K/m² to £5.2K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£407K03/210.1 miApartment 36, Chapel Wharf, St Ives Road, Maidenhead, Windsor And Maidenhead SL6 1QS2
£230K09/210.12 mi93, Forlease Road, Maidenhead, Windsor And Maidenhead SL6 1SB2
£300K06/230.35 miFlat 9, Springfield Court, Oldfield Road, Maidenhead, Windsor And Maidenhead SL6 1TB2
£290K03/230.44 miFlat 10, Burnham Court, Fairford Road, Maidenhead, Windsor And Maidenhead SL6 7AB2
£335K04/230.44 mi1, Lassell Court, Maidenhead, Windsor And Maidenhead SL6 8NE2
£225K01/210.45 mi81, Greenfields, Maidenhead, Windsor And Maidenhead SL6 1BB2
£180K05/230.45 miFlat 9, Sheringham Court, East Road, Maidenhead, Windsor And Maidenhead SL6 1PQ2
£277.5K01/230.46 mi9, Bailey Close, Maidenhead, Windsor And Maidenhead SL6 7YN2
£260K07/210.47 mi20, Bailey Close, Maidenhead, Windsor And Maidenhead SL6 7YN2
£145K03/230.55 mi20a, North Town Road, Maidenhead, Windsor And Maidenhead SL6 7JF2
£280K06/210.55 mi13, Ray Mill Road West, Maidenhead, Windsor And Maidenhead SL6 8SA2
£170K12/200.57 mi9, Risborough Road, Maidenhead, Windsor And Maidenhead SL6 7BJ2
£170K12/200.57 mi9, Risborough Road, Maidenhead, Windsor And Maidenhead SL6 7BJ2
£311K12/200.57 mi24, Risborough Road, Maidenhead, Windsor And Maidenhead SL6 7BJ2
£250K04/210.58 mi25, Prince Andrew Close, Maidenhead, Windsor And Maidenhead SL6 8QH2
£300K11/200.67 mi10, Green Close, Maidenhead, Windsor And Maidenhead SL6 7JL2
£217.5K02/210.67 mi4, Green Close, Maidenhead, Windsor And Maidenhead SL6 7JL2
£285K08/210.68 mi4, Green Close, Maidenhead, Windsor And Maidenhead SL6 7JL2
£252.5K03/210.68 miFlat 2, Bridge Court, Bath Road, Taplow, Maidenhead, Buckinghamshire SL6 0AS2
£226K11/210.71 mi9, Blakeney Court, Maidenhead, Windsor And Maidenhead SL6 7ER2
£257K05/210.73 mi68, Collier Close, Maidenhead, Windsor And Maidenhead SL6 7LE2
£290K01/210.73 mi2, Collier Close, Maidenhead, Windsor And Maidenhead SL6 7LE2
£240K04/210.74 mi36, Collier Close, Maidenhead, Windsor And Maidenhead SL6 7LE2
£400K10/210.75 miFlat 11, Callaway, Shoppenhangers Road, Maidenhead, Windsor And Maidenhead SL6 2GG2
£389K12/210.77 miFlat 3, Fairway, Shoppenhangers Road, Maidenhead, Windsor And Maidenhead SL6 2PZ2
£390K03/230.77 miFlat 5, Fairway, Shoppenhangers Road, Maidenhead, Windsor And Maidenhead SL6 2PZ2
£340K05/230.77 miFlat 18, Fairway, Shoppenhangers Road, Maidenhead, Windsor And Maidenhead SL6 2PZ2
£397K07/230.77 miFlat 2, St. Peters Lodge, Shoppenhangers Road, Maidenhead, Windsor And Maidenhead SL6 2PZ2
£410K06/210.8 miFlat 10, The Old Court, Bath Road, Taplow, Maidenhead, Buckinghamshire SL6 0AH2
£168K11/200.83 mi110, Cookham Road, Maidenhead, Windsor And Maidenhead SL6 7HR2
£250K11/200.85 mi29, North Town Moor, Maidenhead, Windsor And Maidenhead SL6 7JR2
£320K02/210.86 mi69, Larchfield Road, Maidenhead, Windsor And Maidenhead SL6 2SJ2
£315K10/210.9 mi5, Vicarage Mews, Maidenhead, Windsor And Maidenhead SL6 4FY2
£260K12/200.92 mi141, Cookham Road, Maidenhead, Windsor And Maidenhead SL6 7EU2
£271.5K03/210.97 mi5, Brunel Road, Maidenhead, Windsor And Maidenhead SL6 2RP2
£225K05/210.99 mi38, Riseley Road, Maidenhead, Windsor And Maidenhead SL6 6EP2
£255K05/210.99 mi19, Riseley Road, Maidenhead, Windsor And Maidenhead SL6 6EP2
£250K01/230.99 mi19, Croxley Rise, Maidenhead, Windsor And Maidenhead SL6 4JF2
£265K01/230.99 mi26, Riseley Road, Maidenhead, Windsor And Maidenhead SL6 6EP2
£210K07/230.99 mi13, Croxley Rise, Maidenhead, Windsor And Maidenhead SL6 4JF2
£320K03/231 mi75, Belmont Crescent, Maidenhead, Windsor And Maidenhead SL6 6LR2

Local Rents

50 rents from £1.4K/mo to £4K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£2,50008/240 miMaidenhead, Berkshire, SL62
£1,85012/240.01 miBridge Avenue, Maidenhead, Berkshire, SL62
£1,85012/240.01 miBridge Avenue, Maidenhead, Berkshire, SL62
£1,85012/240.01 miBridge Avenue, Maidenhead, Berkshire, SL62
£1,85012/240.01 miBridge Avenue, Maidenhead, Berkshire, SL62
£1,85012/240.03 miAthena Court, Bridge Avenue, Maidenhead2
£1,85012/240.03 miAthena Court, Bridge Avenue, Maidenhead2
£1,85012/240.03 miAthena Court, Bridge Avenue, Maidenhead2
£1,85012/240.03 miAthena Court, Bridge Avenue, Maidenhead2
£3,60012/240.04 miForlease Road, Maidenhead, Berkshire, SL62
£1,50012/240.04 miChapel Arches2
£2,00012/240.05 miThe Picturehouse, Bridge Avenue, Maidenhead, Berkshire, SL62
£1,65009/230.05 miTwo bedrooms Central Maidenhead2
£1,79512/240.05 miTown Centre, Amazing location2
£1,65002/240.06 mi-2
£1,65011/240.06 mi-2
£3,00001/240.07 mi-2
£1,60002/250.08 mi-2
£1,92512/240.08 miWatermark, Maidenhead, SL62
£1,80004/250.08 mi-2
£1,60001/250.09 mi-2
£1,50001/250.09 mi-2
£1,50012/240.1 mi-2
£1,80012/240.1 miChapel Wharf, Saint Ives Road, Maidenhead2
£1,50008/240.1 miCrown Lane, MAIDENHEAD2
£2,00012/240.1 miCanal Side Maidenhead SL62
£1,50012/240.11 mi-2
£2,00008/240.11 miCrown Lane, Maidenhead2
£1,60003/250.11 mi-2
£1,60003/250.11 mi-2
£1,85008/240.13 miThe Colonnade, MAIDENHEAD2
£2,25008/240.13 miALL BILLS INCLUDED WITHIN THE RENT, The Colonnade, Maidenhead,2
£1,85008/240.13 miThe Colonnade, MAIDENHEAD2
£1,85008/240.13 miThe Colonnade Maidenhead SL62
£1,90008/240.13 miMaidenhead2
£2,00012/240.13 miThe Colonnade Maidenhead SL62
£2,50012/240.13 mi-2
£1,63503/250.15 mi-2
£1,80008/240.15 miWaterside Court, The Colonnade, Maidenhead, Berkshire, SL6 1DL2
£1,50008/240.17 mi-2
£2,30008/240.18 miQueen Street, Maidenhead, Berkshire2
£1,49002/240.18 mi-2
£3,22002/240.18 mi-2
£1,80001/250.18 mi-2
£1,42008/240.18 mi51 Providence Place2
£1,60012/240.18 miProvidence House, Providence Place2
£4,00012/240.18 mi-2
£4,00012/240.18 mi-2
£4,00012/240.18 mi-2
£4,00002/250.18 mi-2

Local Area Statistics

Population in SL6

77,343

Population in Maidenhead

77,335

Town centre distance

0.83 miles away

Nearest school

0.20 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Balanced market

Capital growth (5yrs)

+9%

Property History

Price changed to £220,000

January 23, 2025

Price changed to £250,000

December 5, 2024

Listed for £275,000

November 21, 2024

Floor Plans

Description

  • Leasehold Term 189 years from 27/08/1976 +
  • 0.4 Miles From Maidenhead Station +
  • Two Double Bedrooms +
  • Garage +
  • Parking Permits +
  • Over 600 Sq. Ft. +
  • Double Glazing Throughout +
  • Security Entryphone +
  • Open Plan Lounge/Kitchen +
  • Recent Kitchen & Bathroom +

Property Description

Located centrally, this ample two double bedroom apartment benefits from
a garage, resident and guest parking. Offering an opportunity for first time buyers and investors.

Property Details

Video Viewings:
If proceeding without a physical viewing please note that you must make all necessary additional investigations to satisfy yourself that all requirements you have of the property will be met. Video content and other marketing materials shown are believed to fairly represent the property at the time they were created.
Why the owner loves the property:
Our lovely flat is much more spacious than newer builds, it benefits from both a garage and resident-permit street parking (which in the town centre is a rarity). The windows are amazingly sound-proofed, it's warm in the winter, and cool in the summer, and it's very easy to walk to all local amenities from the gym, to M&S, Waitrose, Odeon, train station, and the river!

Agent Details

Chancellors, Maidenhead

01628 334890

Next Steps?

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