2 Bed Flat, Cash/Bridging Only, Swindon, SN25 1RA, £70,000

Helmsdale, Greenmeadow, Swindon, Wiltshire, SN25 1RA - 2 months ago

Sold STC
Leasehold
Auction
Cash
ROI: 6%
~54 m²
+2 photos

ValuationFair Value

Sold Prices£66K - £206K
Sold Prices/m²£1K/m² - £3.1K/m²

 

 

Square Metres

~53.80 m²
Price/m²£1.3K/m²

Value Estimate

£70,700

 

 

End Value (After Refurb)

£171,347

Uplift in Value

+145%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£4,700

Refurb Costs

£21,983

Bridging Loan Interest

£1,838

Total Cash In

£47,770

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£171,347

Agent Fees (1%)

£1,713

Bridging Loan

£52,500

Bridging Loan Interest

£1,838

Flip Profit

£69,363

Local Sold Prices

42 sold prices from £66K to £206K, average is £136.3K. £1K/m² to £3.1K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£125K12/210 mi71, Helmsdale, Swindon SN25 1RA2
£125K04/210 mi35, Helmsdale, Swindon SN25 1RA2
£149K01/230.03 mi41, Helmsdale, Swindon SN25 1RA2
£160K01/230.04 mi71, Helmsdale, Swindon SN25 1RA2
£113K12/200.11 mi1, Green Valley Avenue, Swindon SN25 1HZ2
£128K10/200.33 mi6, Shanklin Road, Swindon SN25 3HL2
£83K10/210.36 mi45, Trent Road, Swindon SN25 3NG2
£75K09/230.36 mi37, Trent Road, Swindon SN25 3NG2
£149K10/230.5 mi36, Moredon Park, Swindon SN2 2LX2
£112.5K07/210.56 mi63, Elborough Road, Swindon, Thamesdown SN2 2LS2
£120K01/210.6 mi48, Marbeck Close, Swindon SN25 2LT2
£127K05/210.74 mi56, Zakopane Road, Haydon End, Swindon SN25 1TQ2
£205K07/230.76 mi24, Rysy Court, Swindon SN25 1TH2
£128K02/210.78 mi9, Thorley Court, Swindon SN25 4FA2
£128K02/210.78 mi9, Thorley Court, Swindon SN25 4FA2
£135K05/230.79 mi2, Vistula Crescent, Swindon SN25 1QE2
£147K06/230.79 mi12, Vistula Crescent, Swindon SN25 1QE2
£155.5K05/230.8 mi16, Zakopane Road, Swindon SN25 1TQ2
£134K05/210.8 mi14, Zakopane Road, Haydon End, Swindon SN25 1TQ2
£129K03/210.8 mi16, Zakopane Road, Swindon SN25 1TQ2
£135K08/230.81 mi69, Vistula Crescent, Swindon SN25 1QG2
£206K12/220.82 mi17, Jagoda Court, Swindon SN25 1TJ2
£145K04/230.82 mi15, Mazurek Way, Swindon SN25 1RF2
£149.5K12/200.82 mi60, Torun Way, Swindon SN25 1TA2
£148K06/230.82 mi50, Torun Way, Swindon SN25 1TA2
£110K01/210.85 miFlat 5, The Chestnuts, Prospero Way, Swindon SN25 1ST2
£137.5K04/210.85 miFlat 3, The Chestnuts, Prospero Way, Swindon SN25 1ST2
£162.8K03/230.86 mi29, Havisham Drive, Swindon SN25 1TX2
£145K07/230.89 mi4, Bradshaw Court, Haydon End, Swindon SN25 1TY2
£133.5K01/210.91 mi12, Thursday Street, Swindon SN25 1TW2
£132K03/210.93 mi14, Connelly Close, Swindon SN25 1UD2
£159K10/230.94 mi32, Willington Road, Swindon SN25 2HB2
£198K04/230.94 mi7, Maida Vale, Swindon SN25 1SZ2
£134.9K06/230.95 miFlat 3, Cedar Manor, Prospero Way, Swindon SN25 1SS2
£151.3K05/230.96 mi4, Aiken Road, Swindon SN25 1UH2
£150K04/230.96 mi6, Aiken Road, Swindon SN25 1UH2
£121K02/210.96 mi22a, Claydon Road, Swindon SN25 2ED2
£145K11/200.96 mi8, Claydon Road, Swindon SN25 2ED2
£150K06/210.96 mi12, Claydon Road, Swindon SN25 2ED2
£145K11/210.96 mi15, Granica Close, Haydon End, Swindon SN25 1TZ2
£66K03/230.98 mi22, Chartwell Road, Redhouse, Swindon SN25 2ES2
£165K01/210.98 mi39, Dunley Close, Swindon SN25 2BL2

Local Rents

17 rents from £666/mo to £1.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£90009/240 miHelmsdale, SWINDON2
£66602/250.27 mi-2
£1,05009/240.28 miPennycress Close, Haydon Wick, SN252
£98001/250.38 mi-2
£1,22509/240.39 miThe Broadway, Swindon, Wiltshire, SN252
£1,00009/240.41 miThe Gardens, Rodbourne Cheney, Swindon2
£1,10009/240.5 miFoxglove Road, Haydon Wick2
£99502/250.5 mi-2
£95009/240.53 miWayte Street, Swindon, Wiltshire, SN22
£97509/240.56 miHudson Way, Abbey Meads, Swindon2
£1,02509/240.56 miBayleaf Avenue, Swindon2
£1,25010/230.57 mi-2
£95009/240.59 miChives Way, Swindon, Wiltshire2
£1,05509/240.59 miChives Way, Swindon, Wiltshire2
£1,00009/240.6 miAlder Close, SWINDON2
£99502/240.61 miToppers Close,GreenmeadowSwindon,SN25 3QZ2
£1,05009/240.61 miCooper Fields, Abbey Meads, Swindon, Wiltshire, SN252

Local Area Statistics

Population in SN25

35,153

Population in Swindon

211,186

Town centre distance

1.62 miles away

Nearest school

0.20 miles away

Nearest train station

1.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Price changed to £70,000

February 24, 2025

Listed for £90,000

January 10, 2025

Floor Plans

Description

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £70,000

This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.

This well-presented, second-floor, two-bedroom apartment is located in a popular development in Greenmeadow, North Swindon. Offering a practical and spacious layout, this apartment is ideal for those looking for a comfortable home or fantastic investment purchase.

The accommodation comprises an Entrance Hallway, a bright and airy Living Room, and a fitted Kitchen with basic storage and work surfaces. There are two good-sized Double Bedrooms, providing ample space for furnishings. The modern Shower Room is functional and well-maintained.

Externally, the property benefits from a Single Garage, off-road parking, and communal Gardens.

With a Council Tax Band B and a low lease of 48 years remaining, this property is available for cash buyers only and is offered with no onward chain.

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Agent Details

Home Finders, Swindon

01793 540638

Next Steps?

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