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3 Bed Terraced House, Refurb/BRRR, Swindon, SN1 4BZ, £310,000

41 Avenue Road, Old Town, Swindon, Wiltshire, SN1 4BZ - 2 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+4 photos

ValuationOvervalued

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Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£77,500

Stamp Duty & Legal Fees

£13,500

Refurb Costs

£37,686

Bridging Loan Interest

£8,138

Total Cash In

£138,573

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£290,500

Mortgage (After Refinance)

£217,875

Mortgage LTV

75%

Cash Left In

£138,573

Equity

£72,625

Rent Range

£1,050 - £2,900

Rent Estimate

£1,366

Running Costs/mo

£1,201

Cashflow/mo

£165

Cashflow/yr

£1,980

ROI

1%

Gross Yield

5%

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Local Rents

35 rents from £1.1K/mo to £2.9K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,35011/230.08 mi-3
£1,45009/240.08 mi-3
£1,45009/240.08 miThe Shearings, Swindon, SN13
£1,35009/240.2 miDewell Mews, Old Town, Swindon, Swindon, Wiltshire, SN33
£1,45009/240.25 miOld Town, Wiltshire, SN13
£1,25009/240.26 miUnion Street, Swindon, SN13
£1,25009/240.26 miOld Town3
£1,25008/240.3 miBrunswick Street, Old Town3
£1,20002/240.3 mi-3
£1,35009/240.31 mi-3
£1,35009/240.31 miWinifred Street, Swindon, SN33
£1,20009/240.32 miBrunswick Street, Swindon, SN13
£1,40012/240.32 mi-3
£1,30008/240.32 mi-3
£1,20009/240.32 miOld Town, Swindon, SN33
£1,40007/240.33 mi-3
£1,30009/240.36 miHythe Road, Old Town, SN13
£1,40008/240.36 miHunt Street, Swindon3
£1,05009/240.37 miWestern Street, SWINDON3
£1,47508/240.44 miKent Road, Old Town, Swindon, Wiltshire, SN13
£1,30006/240.45 mi-3
£1,35009/240.46 miDixon Street, SN1, SN13
£1,50007/240.47 mi-3
£1,10008/240.47 miStafford Street, SWINDON3
£1,30009/240.49 miMaidstone Road, Swindon, SN13
£1,17501/240.49 mi-3
£2,90011/240.5 mi-3
£1,40012/230.5 mi-3
£1,20002/250.52 mi-3
£1,60008/240.56 miMill Lane, Old Town3
£1,20008/240.57 miDixon Street, Old Town, Swindon, Wiltshire, SN13
£1,50008/240.58 miKingshill Road, Swindon, Wiltshire, SN13
£1,30002/250.58 mi-3
£1,35002/250.61 mi-3
£1,10010/240.62 mi-3

Links

Local Area Statistics

Population in SN1

29,453

Population in Swindon

211,186

Town centre distance

1.41 miles away

Nearest school

0.10 miles away

Nearest train station

1.12 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Listed for £310,000

January 15, 2025

Floor Plans

Description

  • Victorian terraced house +
  • Three bedrooms +
  • Lounge & Dining room +
  • Kitchen +
  • Ground floor wet room +
  • No onward chain +

Situated in one of Old Towns most popular tree lined avenues is this attractive red brick terraced home being offered with vacant possession. Within walking distance of the beautiful Town Gardens aswell as all the amenities Old Town has to offer.
The property is in need of some modernisation but offers three bedrooms to the first floor and on the ground floor is a wet room, two receptions and kitchen with breakfast area.
Early viewings are highly recommended.

Agent Details

Charles Harding Estate Agents, Old Town, Swindon

01793 540422

Next Steps?

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

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