4 Bed HMO, Swindon, SN2 2HA, £225,000

8 Summers Street, Swindon, SN2 - 8 views - 2 months ago

Sold STC
HMO
Refurb/BRRR
ROI: 8%
99 m²
+6 photos

ValuationFair Value

Sold Prices£190.5K - £617.5K
Sold Prices/m²£2.1K/m² - £9.7K/m²

 

 

Square Metres

99 m²
Price/m²£2.3K/m²

Value Estimate

£225,000

 

 

End Value (After Refurb)

£238,674

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Refurb Costs

£40,452

Bridging Loan Interest

£5,906

Total Cash In

£112,308

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£238,674

Mortgage (After Refinance)

£179,005

Mortgage LTV

75%

Cash Released

£10,255

Cash Left In

£102,052

Equity

£59,668

Room Rate

£620

Gross Rent

£2,480

Running Costs/mo

£1,726

Cashflow/mo

£754

Cashflow/yr

£9,048

ROI

8%

Gross Yield

13%

Local Sold Prices

32 sold prices from £190.5K to £617.5K, average is £336.5K. £2.1K/m² to £9.7K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£190.5K09/210.2 mi78, Hughes Street, Swindon SN2 2HG4
£280K02/230.33 mi135, Morris Street, Swindon SN2 2HS4
£320K04/230.42 mi77, St Austell Way, Swindon SN2 2DG4
£400K08/230.43 mi33, Cheney Manor Road, Swindon SN2 2NT4
£350K09/210.49 mi80, Surrey Road, Swindon SN2 1LX4
£420K09/230.57 mi8, Bessemer Close, Swindon SN2 1NB4
£220K03/210.58 mi383, Ferndale Road, Swindon SN2 1DE4
£400K12/230.66 mi69, Collett Avenue, Swindon SN2 1NQ4
£271K09/230.77 mi17, Rayfield Grove, Swindon SN2 1HD4
£335K05/240.82 mi11, Harvey Grove, Swindon SN2 2PA4
£617.5K07/230.84 mi1, Cheney Place, Swindon SN2 2LL4
£364.5K01/210.84 mi3, Cheney Place, Swindon SN2 2LL4
£550K09/210.85 mi5, Juno Way, Swindon SN5 8ZD4
£266.5K06/210.86 mi12, Kingshill Road, Swindon SN1 4LJ4
£316K04/210.87 mi18, Redbridge Close, Swindon, Thamesdown SN5 8ZL4
£360K05/230.87 mi10, Feather Wood, Westlea, Swindon SN5 7AG4
£350K11/210.88 mi16, Kirktonhill Road, Westlea, Swindon SN5 7AF4
£395K11/210.88 mi1, Dartmoor Close, Swindon SN5 8ZR4
£297.5K08/210.89 mi109, Dunsford Close, Swindon SN1 4PW4
£405K12/220.92 mi24, Dunsford Close, Swindon SN1 4PN4
£370K04/230.92 mi29, Dunsford Close, Swindon SN1 4PN4
£275K01/210.92 mi50, Dunsford Close, Swindon, Thamesdown SN1 4PN4
£245K01/210.94 mi24, Manor Crescent, Swindon, Thamesdown SN2 2LF4
£350K05/230.94 mi91, Kent Road, Swindon SN1 3NP4
£422.5K12/220.97 mi17, Moresby Close, Westlea, Swindon SN5 7BX4
£330K04/210.97 mi7, Benwell Close, Westlea, Swindon SN5 7BY4
£335K03/210.97 mi2, Benwell Close, Westlea, Swindon SN5 7BY4
£270K11/200.97 mi51, Ashford Road, Swindon SN1 3NS4
£310K06/210.97 mi46, Ashford Road, Swindon SN1 3NS4
£438K11/200.99 mi6, Hillcrest Close, Swindon SN1 4LX4
£338K05/210.99 mi4, Bankside, Swindon SN1 4JZ4
£210K03/210.99 mi29, Station Road, Swindon SN1 2BB4

Local Area Statistics

Population in SN2

41,193

Population in Swindon

211,186

Town centre distance

1.02 miles away

Nearest school

0.20 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £225,000

January 23, 2025

Floor Plans

Description

  • HMO READY +
  • FOUR BEDROOMS +
  • LARGE REAR GARDEN +
  • GARAGE +
  • RODBOURNE LOCATION +
  • INVESTMENT OPPORTUNITY +

McFarlane Sales & Lettings are delighted to bring to market this spacious HMO ready property, situated in the ever-popular Rodbourne location. Boasting excellent proximity to local schools, shops, and amenities, this property presents a fantastic investment opportunity or, with thoughtful modernisation, the potential to be transformed into a wonderful family home. On the ground floor, you’ll find a welcoming entrance hall leading to a bright double bedroom at the front of the property, a comfortable communal living area, and a well-appointed kitchen and to the rear, there’s a practical family bathroom. The first floor provides three additional bedrooms, offering ample accommodation, with stairs leading to a converted loft space—ideal for use as an office, hobby room, or additional storage. Externally, the property features a generous low-maintenance rear garden with a garage, providing functionality and convenience. With its sought-after location and flexible layout, this property is ready to generate profitable rental income or evolve into a forever home.

EPC Rating: D

Agent Details

McFarlane Sales & Lettings, Old Town Office - Swindon

01793 540737

Next Steps?

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