2 Bed Flat, Single Let, Swindon, SN3 4HH, £120,000

Sandgate, Swindon, SN3 4HH - 2 views - 2 months ago

Sold STC

Leasehold

BTL

ROI: 9%

~68 m²

+5 photos

ValuationUndervalued

Sold Prices	£76K - £193K
Sold Prices/m²	£1.5K/m² - £4.5K/m²

Square Metres	~68.11 m²
Price/m²	£1.8K/m²
Value Estimate	£147,600£147,600
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£30,000£30,000
Stamp Duty & Legal Fees	£4,800£4,800
Total Cash In	£34,800£34,800

Cash Out
Rent Range	£825 - £1,300£825 - £1,300
Rent Estimate	£831
Running Costs/mo	£561£561
Cashflow/mo	£270£270
Cashflow/yr	£3,238£3,238
ROI	9%9%
Gross Yield	8%8%

Local Sold Prices

48 sold prices from £76K to £193K, average is £140K. £1.5K/m² to £4.5K/m², average is £2.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£120K	10/20	0.02 mi	67, Sandgate, Swindon SN3 4HH	£1,846	65	2	Flat
£175K	12/20	0.19 mi	53, Slade Drive, Swindon SN3 4DS	£2,869	61	2	Flat
£150K	08/21	0.21 mi	87, Colebrook Road, Swindon SN3 4DU	£2,344	64	2	Flat
£167K	11/22	0.26 mi	44, Carver Close, Stratton St Margaret, Swindon SN3 4GJ	-	-	2	Flat
£119K	09/21	0.83 mi	64, Wrenswood, Swindon, Thamesdown SN3 5AR	£1,983	60	2	Flat
£112K	01/21	0.83 mi	36, Wrenswood, Swindon, Thamesdown SN3 5AR	£1,867	60	2	Flat
£130K	06/21	0.83 mi	60, Wrenswood, Swindon SN3 5AR	£2,281	57	2	Flat
£130K	09/21	0.83 mi	22, Wrenswood, Swindon SN3 5AR	£2,281	57	2	Flat
£151K	12/22	0.83 mi	32, Wrenswood, Covingham, Swindon SN3 5AR	£2,603	58	2	Flat
£155K	10/22	0.85 mi	82, Wrenswood, Covingham, Swindon SN3 5AR	-	-	2	Flat
£148K	12/22	0.86 mi	89, Winton Road, Swindon SN3 4XL	£2,792	53	2	Flat
£76K	02/21	0.92 mi	10, Kimmeridge Close, Nythe, Swindon SN3 3PZ	£1,617	47	2	Flat
£115K	09/22	0.96 mi	1, Dacre Road, Swindon SN3 3DN	£1,917	60	2	Flat
£145K	12/22	0.96 mi	13, Charminster Close, Swindon SN3 3QB	£3,452	42	2	Flat
£127K	12/22	1 mi	15, Tudor Walk, Swindon SN3 3DP	£3,024	42	2	Flat
£140K	12/22	1.01 mi	65, Farriers Close, Swindon SN1 2QX	£2,979	47	2	Flat
£120K	06/21	1.07 mi	33, Farriers Close, Swindon SN1 2QU	£2,662	45	2	Flat
£125K	03/21	1.11 mi	23, Midhurst Avenue, Swindon SN3 2QG	£1,807	69	2	Flat
£126.5K	11/21	1.21 mi	4, Dores Court, Swindon SN2 7QY	£1,860	68	2	Flat
£155K	10/23	1.21 mi	16, Dores Court, Swindon SN2 7QY	£2,279	68	2	Flat
£170K	12/22	1.22 mi	145, Kingswood Avenue, Park North, Swindon SN3 2RF	£2,771	61	2	Flat
£162K	11/22	1.31 mi	92, Pheasant Close, Covingham, Swindon SN3 5HT	£2,971	55	2	Flat
£105K	12/22	1.35 mi	3, Sadler Walk, Swindon SN3 3AQ	£2,019	52	2	Flat
£130K	10/21	1.4 mi	132d, Cricklade Road, Swindon SN2 8AG	£2,653	49	2	Flat
£115K	07/21	1.46 mi	35, Woodhouse Road, Swindon SN3 2GU	£1,779	65	2	Flat
£107.5K	12/20	1.47 mi	205, Whitbourne Avenue, Swindon SN3 2LL	£2,028	53	2	Flat
£130K	04/21	1.52 mi	397, Cranmore Avenue, Swindon SN3 2EY	£2,167	60	2	Flat
£96.5K	03/21	1.6 mi	11, Blakesley Close, Swindon SN3 2HU	£1,556	62	2	Flat
£190K	11/23	1.61 mi	Flat 1, The Seasons, Jole Close, Swindon SN2 7WE	£4,457	43	2	Flat
£153K	09/22	1.63 mi	43, Kennedy Drive, Swindon SN3 3SB	£2,508	61	2	Flat
£130K	03/23	1.71 mi	Flat 29, Brunswick House, Corporation Street, Swindon SN1 1DP	-	-	2	Flat
£130.2K	02/21	1.71 mi	Flat 17, Brunswick House, Corporation Street, Swindon SN1 1DP	-	-	2	Flat
£145K	05/21	1.77 mi	122, Brunel Crescent, Swindon SN2 1FE	£2,164	67	2	Flat
£167.5K	04/23	1.77 mi	75, Brunel Crescent, Swindon SN2 1FE	£2,538	66	2	Flat
£150K	01/23	1.77 mi	111, Brunel Crescent, Swindon SN2 1FE	£2,273	66	2	Flat
£170K	05/23	1.77 mi	108, Brunel Crescent, Swindon SN2 1FE	£3,617	47	2	Flat
£147K	05/21	1.77 mi	155, Brunel Crescent, Swindon SN2 1FE	£2,227	66	2	Flat
£146K	04/21	1.77 mi	74, Brunel Crescent, Swindon SN2 1FE	£2,475	59	2	Flat
£155K	12/22	1.77 mi	128, Brunel Crescent, Swindon SN2 1FE	£2,348	66	2	Flat
£120K	12/22	1.79 mi	14, Broughton Grange, Swindon SN3 1LW	£1,846	65	2	Flat
£140K	07/21	1.79 mi	33, Broughton Grange, Swindon SN3 1LW	£2,154	65	2	Flat
£140K	08/21	1.79 mi	16, Broughton Grange, Swindon SN3 1LW	£2,154	65	2	Flat
£118K	07/21	1.8 mi	74, Carstairs Avenue, Swindon SN3 2DF	£2,217	53	2	Flat
£154K	12/22	1.8 mi	21, Broughton Grange, Swindon SN3 1LW	£2,369	65	2	Flat
£155K	12/23	1.81 mi	28, Brunel Crescent, Swindon SN2 1FD	£2,627	59	2	Flat
£98K	04/21	1.86 mi	18, Oaksey Road, Swindon SN2 5BT	£1,492	66	2	Flat
£120K	03/21	1.9 mi	Flat 3, Cirencester Court, Drove Road, Swindon SN1 3AU	-	-	2	Flat
£193K	03/21	1.96 mi	30, Steeple View, Swindon SN1 3FH	£3,217	60	2	Flat

Local Rents

20 rents from £825/mo to £1.3K/mo, average is £950/mo.

Rent	Date	Distance	Address	Beds	Type
£875	03/25	0.1 mi	-	2	Flat
£1,025	09/24	0.37 mi	Swan Close, Swindon, SN3 4QB	2	Flat
£875	09/24	0.41 mi	Franklin House, Twickenham Close, Swindon, Wiltshire, SN3	2	Flat
£825	09/24	0.41 mi	Bakers Court, Ermin Street, Swindon, Wiltshire, SN3	2	Flat
£1,200	09/24	0.44 mi	Darling Close, Swindon, Wiltshire, SN3	2	Terraced House
£1,100	09/24	0.44 mi	-	2	Flat
£850	09/24	0.46 mi	Twickenham Close, Swindon, Wiltshire, SN3	2	Flat
£900	09/24	0.47 mi	-	2	House
£950	09/24	0.66 mi	Gifford Road, Swindon	2	Terraced House
£1,000	09/24	0.67 mi	Gifford Road, Upper Stratton, Swindon, SN3	2	Flat
£1,050	03/25	0.82 mi	-	2	Flat
£1,300	09/24	0.85 mi	Oakfield Avenue, Swindon	2	Terraced House
£1,100	08/24	0.9 mi	Copse Avenue, Swindon	2	Detached House
£950	09/24	0.93 mi	Constable Road, SWINDON	2	Terraced House
£875	09/24	1.01 mi	Cole Close, Covingham, Swindon, SN3	2	Flat
£900	09/24	1.03 mi	Farriers Close, Swindon, SN1	2	Flat
£1,150	09/24	1.03 mi	East Swindon	2	Semi-Detached House
£825	09/24	1.04 mi	-	2	House
£975	09/24	1.04 mi	-	2	House
£875	09/24	1.21 mi	Dores Court, Swindon, SN2	2	Flat

Local Area Statistics

Population in SN3	51,56051,560
Population in Swindon	211,186211,186
Town centre distance	1.51 miles away1.51 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.76 miles away1.76 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+41%+41%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+22%+22%

Property History

Listed for £120,000

January 23, 2025

Floor Plans

Description

NO ONWARD CHAIN! +

TWO BEDROOM APARTMENT - OVER 900 YEAR LEASE - GARAGE - NO ONWARD CHAIN - PERFECT FIRST TIME BUY OR INVESTMENT PURCHASE -

Offered sale with no onward chain is this well sized top floor two bedroom apartment.

The property comprises; Entrance hall, Lounge/ Diner, Two double bedrooms, kitchen and family bathroom.

Externally you will find a single garage and parking.

We have been advised by the current owner the lease has 997 years remaining and the charges are as follow £960 PA Service Charge & £25 PA Ground rent.

We estimate the property would let for C.£750 generating a gross yield 7.5%

Agent Details

Richard James Apartments & Investments, Swindon

01793 540178

Next Steps?

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

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