2 Bed Flat, Refurb/BRRR, Slough, SL3 8YE, £235,000

233 Maplin Park, Langley, Berkshire, SL3 8YE - 4 views - a month ago

Leasehold

Refurb/BRRR

ROI: 7%

44 m²

+5 photos

ValuationOvervalued

Sold Prices	£223K - £312K
Sold Prices/m²	£3.3K/m² - £6.4K/m²

Square Metres	44 m²
Price/m²	£5.3K/m²
Value Estimate	£180,357£180,357

End Value (After Refurb)	£235,000£235,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£58,750£58,750
Stamp Duty & Legal Fees	£8,250£8,250
Refurb Costs	£21,706£21,706
Bridging Loan Interest	£6,169£6,169
Total Cash In	£96,625£96,625

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£235,000£235,000
Mortgage (After Refinance)	£176,250£176,250
Mortgage LTV	75%75%
Cash Left In	£96,625£96,625
Equity	£58,750£58,750
Rent Range	£1,100 - £1,850£1,100 - £1,850
Rent Estimate	£1,640
Running Costs/mo	£1,082£1,082
Cashflow/mo	£558£558
Cashflow/yr	£6,692£6,692
ROI	7%7%
Gross Yield	8%8%

Local Sold Prices

29 sold prices from £223K to £312K, average is £245K. £3.3K/m² to £6.4K/m², average is £4.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£242.5K	10/22	0.03 mi	253, Maplin Park, Slough SL3 8YE	-	-	2	Flat
£300K	12/22	0.05 mi	207, Maplin Park, Slough SL3 8YD	£3,977	75	2	Flat
£261K	02/24	0.05 mi	144, Mead Avenue, Slough SL3 8JA	£4,015	65	2	Flat
£245K	10/21	0.07 mi	193, Maplin Park, Slough SL3 8YD	£6,447	38	2	Flat
£225K	01/21	0.08 mi	140, Maplin Park, Slough SL3 8XZ	£4,891	46	2	Flat
£238K	04/21	0.08 mi	126, Maplin Park, Slough SL3 8XZ	£5,289	45	2	Flat
£243.5K	04/23	0.16 mi	501, Maplin Park, Slough SL3 8YG	£5,373	45	2	Flat
£270K	12/21	0.18 mi	43, Hawkes Close, Langley, Slough SL3 8BN	£4,426	61	2	Flat
£282.5K	03/21	0.18 mi	22, Hawkes Close, Langley, Slough SL3 8BN	£4,280	66	2	Flat
£272K	04/23	0.39 mi	98, Scholars Walk, Langley, Slough SL3 8LZ	-	-	2	Flat
£282K	10/23	0.43 mi	26, Scholars Walk, Langley, Slough SL3 8LY	£4,700	60	2	Flat
£225K	07/23	0.55 mi	15, Tithe Court, Slough SL3 8AS	£3,689	61	2	Flat
£295K	10/20	0.56 mi	87, Grasholm Way, Slough SL3 8WF	£3,512	84	2	Flat
£305K	02/23	0.65 mi	11, Newton Close, Langley, Slough SL3 8DD	£5,221	58	2	Flat
£295K	10/21	0.65 mi	3, Newton Close, Slough SL3 8DD	£4,836	61	2	Flat
£312K	11/22	0.65 mi	15, Newton Close, Langley, Slough SL3 8DD	£5,285	59	2	Flat
£223K	09/20	0.73 mi	47, Minster Way, Slough SL3 7EY	£3,597	62	2	Flat
£250K	09/21	0.73 mi	16, Barchester Road, Slough SL3 7HA	£3,333	75	2	Flat
£235K	09/20	0.73 mi	28, Barchester Road, Slough SL3 7HA	£3,852	61	2	Flat
£260K	10/22	0.73 mi	20, Barchester Road, Slough SL3 7HA	£4,333	60	2	Flat
£282K	10/22	0.73 mi	16, Wylands Road, Slough SL3 8JT	£4,947	57	2	Flat
£243.5K	01/21	0.74 mi	2, Wylands Road, Slough SL3 8JT	£4,127	59	2	Flat
£245K	01/23	0.75 mi	112, Minster Way, Slough SL3 7EX	-	-	2	Flat
£230K	11/22	0.81 mi	19, Maryside, Slough SL3 7ES	-	-	2	Flat
£240K	08/23	0.83 mi	3, Sir Robert Mews, Slough SL3 8ND	£3,636	66	2	Flat
£225K	01/21	0.84 mi	16, Darrell Close, Slough SL3 7QN	£4,091	55	2	Flat
£243K	11/20	0.86 mi	13, Darrell Close, Slough SL3 7QN	£4,418	55	2	Flat
£250K	05/23	0.99 mi	44, Grampian Way, Slough SL3 8UG	£3,289	76	2	Flat
£230K	04/23	0.99 mi	32, Grampian Way, Slough SL3 8UG	-	-	2	Flat

Local Rents

52 rents from £1.1K/mo to £1.9K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,100	03/25	0 mi	-	2	Flat
£1,400	11/24	0.03 mi	-	2	Flat
£1,575	12/24	0.04 mi	-	2	Flat
£1,575	12/24	0.04 mi	-	2	Flat
£1,300	08/24	0.07 mi	Maplin Park, Langley, Slough, SL3	2	Flat
£1,650	02/25	0.08 mi	-	2	Flat
£1,300	08/24	0.08 mi	Maplin Park, Langley	2	Flat
£1,600	08/24	0.08 mi	Tilbury Walk, Langley, SL3	2	Terraced House
£1,450	09/24	0.09 mi	-	2	Terraced House
£1,400	10/24	0.1 mi	-	2	Flat
£1,650	09/24	0.1 mi	Rockall Court, Langley, Berkshire, SL3	2	Terraced House
£1,650	09/24	0.1 mi	Rockall Court, Slough, SL3	2	Terraced House
£1,650	09/24	0.1 mi	Rockall Court, Slough, SL3	2	Terraced House
£1,500	09/24	0.1 mi	Rockall Court, Slough	2	Flat
£1,500	01/25	0.13 mi	-	2	Flat
£1,375	02/25	0.13 mi	-	2	Terraced House
£1,400	08/24	0.13 mi	Huntington Place, Langley, Slough, SL3	2	Terraced House
£1,450	08/24	0.18 mi	-	2	House
£1,400	08/24	0.29 mi	Alton Court Willoughby Road, Langley, SL3	2	Flat
£1,600	02/25	0.29 mi	-	2	Flat
£1,700	02/24	0.3 mi	-	2	Terraced House
£1,750	10/24	0.32 mi	-	2	Detached House
£1,450	02/24	0.33 mi	-	2	Flat
£1,800	09/24	0.34 mi	New build 2 bedroom, Station Road, Langley	2	Flat
£1,850	09/24	0.35 mi	Station Road, Langley, Slough, Berkshire, SL3	2	Flat
£1,800	09/24	0.35 mi	Station Road, Slough	2	Flat
£1,800	09/24	0.35 mi	Station Road, Langley	2	Flat
£1,850	09/24	0.35 mi	Station Road, Langley	2	Flat
£1,850	09/24	0.35 mi	Station Road, Langley	2	Flat
£1,850	09/24	0.35 mi	Station Road, Slough	2	Flat
£1,750	09/24	0.35 mi	Station Road, Langley, Slough, Berkshire, SL3	2	Flat
£1,850	09/24	0.35 mi	Station Road, Langley, Slough, Berkshire, SL3	2	Flat
£1,750	09/24	0.35 mi	Station Road, Langley, Slough, Berkshire, SL3	2	Flat
£1,800	09/24	0.35 mi	-	2	Flat
£1,700	10/24	0.35 mi	-	2	Flat
£1,700	11/24	0.35 mi	-	2	Flat
£1,800	09/24	0.35 mi	Station Road, Langley, Slough, SL3	2	Flat
£1,700	02/25	0.35 mi	-	2	Flat
£1,850	09/24	0.36 mi	Station Road, Langley, Slough, Berkshire, SL3	2	Flat
£1,800	09/24	0.36 mi	New build 2 bedroom, Langley	2	Flat
£1,850	09/24	0.43 mi	Scholars Walk, Langley, Slough, SL3	2	Terraced House
£1,750	12/24	0.44 mi	-	2	Terraced House
£1,850	09/24	0.44 mi	Scholars Walk, Langley, Slough, SL3	2	Terraced House
£1,700	01/25	0.44 mi	-	2	Terraced House
£1,695	02/25	0.45 mi	-	2	Flat
£1,695	08/24	0.45 mi	Hurricane Court, Langley	2	Flat
£1,650	08/24	0.45 mi	-	2	Flat
£1,650	08/24	0.45 mi	-	2	Flat
£1,750	09/24	0.51 mi	-	2	Flat
£1,600	12/24	0.53 mi	-	2	Flat
£1,595	08/24	0.53 mi	-	2	Flat
£1,500	09/24	0.55 mi	Tithe Court, Slough, SL3	2	Flat

Local Area Statistics

Population in SL3	45,18245,182
Population in Slough	168,514168,514
Town centre distance	2.62 miles away2.62 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.32 miles away0.32 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-46%-46%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £235,000

February 4, 2025

Floor Plans

Description

Two bedroom 2nd floor apartment +
Extended lease +
In need of some updating +
Walking distance to Langley station +
No onward chain +
Off street parking. +

The Frost Partnership is proud to bring to the market a two bedroom apartment that is in need of some updating. With electric heating, double glazed windows, separate kitchen, bathroom 2 bedrooms and an extended lease. Off street parking as well as walking distance of several popular schools, Langley station with the Elizabeth line, local shops and motorway links are also close by.

Two bedroom 2nd floor apartment, extended lease, in need of some updating, walking distance to Langley station, no onward chain, off street parking EER: C Council Tax Band: C

Agent Details

The Frost Partnership, Langley

01753 303736

Next Steps?

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

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