2 Bed Flat, Single Let, Swindon, SN1 1RT, £200,000

John Street, Swindon, SN1 1RT - 2 views - 2 months ago

BTL
ROI: 5%
~68 m²
+8 photos

ValuationOvervalued

Sold Prices£120K - £440K
Sold Prices/m²£1.8K/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£161,082

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£57,200

 

 

Cash Out

 

Rent Range

£950 - £2,995

Rent Estimate

£1,100

Running Costs/mo

£865

Cashflow/mo

£235

Cashflow/yr

£2,820

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £120K to £440K, average is £150K. £1.8K/m² to £3.6K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£130K03/230.31 miFlat 29, Brunswick House, Corporation Street, Swindon SN1 1DP2
£130.2K02/210.31 miFlat 17, Brunswick House, Corporation Street, Swindon SN1 1DP2
£120K11/200.38 mi35a, Curtis Street, Swindon SN1 5JZ2
£230K11/200.41 mi39, Dixon Street, Swindon SN1 3PL2
£155K12/230.48 mi28, Brunel Crescent, Swindon SN2 1FD2
£155K12/220.5 mi128, Brunel Crescent, Swindon SN2 1FE2
£147K05/210.5 mi155, Brunel Crescent, Swindon SN2 1FE2
£146K04/210.5 mi74, Brunel Crescent, Swindon SN2 1FE2
£145K05/210.5 mi122, Brunel Crescent, Swindon SN2 1FE2
£167.5K04/230.5 mi75, Brunel Crescent, Swindon SN2 1FE2
£150K01/230.5 mi111, Brunel Crescent, Swindon SN2 1FE2
£170K05/230.5 mi108, Brunel Crescent, Swindon SN2 1FE2
£198K12/220.59 mi132, Lynmouth Road, Swindon SN2 2DH2
£150K12/200.61 mi32, Lynmouth Road, Swindon SN2 2DH2
£175K12/200.61 mi41a, Kent Road, Swindon SN1 3NG2
£165K03/230.61 mi50, Lynmouth Road, Swindon SN2 2DH2
£160K05/230.61 mi80, Lynmouth Road, Swindon SN2 2DH2
£151K09/210.61 mi74, Lynmouth Road, Swindon SN2 2DH2
£165K02/230.61 mi68, Lynmouth Road, Swindon SN2 2DH2
£158K01/210.61 mi22, Lynmouth Road, Swindon SN2 2DH2
£160K12/200.61 mi98, Lynmouth Road, Swindon SN2 2DH2
£155K02/230.61 mi94, Lynmouth Road, Swindon SN2 2DH2
£132K10/200.61 mi112, Lynmouth Road, Swindon SN2 2DH2
£141K11/200.61 mi122, Lynmouth Road, Swindon SN2 2DH2
£173K01/230.61 mi54, Lynmouth Road, Swindon SN2 2DH2
£158K01/210.61 mi22, Lynmouth Road, Swindon SN2 2DH2
£159K05/210.61 mi88, Lynmouth Road, Swindon SN2 2DH2
£145K10/230.61 mi142, Lynmouth Road, Swindon SN2 2DH2
£167K03/230.61 mi14, Lynmouth Road, Swindon SN2 2DH2
£145K04/230.61 mi102, Lynmouth Road, Swindon SN2 2DH2
£145K08/210.65 mi2, Bude Road, Swindon SN2 2DB2
£140K04/230.66 mi91, Lynmouth Road, Swindon SN2 2DL2
£150K03/230.66 mi15, Lynmouth Road, Swindon SN2 2DL2
£180K12/220.7 mi92, St Austell Way, Swindon SN2 2DG2
£145K11/220.7 mi93, St Austell Way, Swindon SN2 2DG2
£145K01/230.7 mi99, St Austell Way, Swindon SN2 2DG2
£140K12/220.7 mi96, St Austell Way, Swindon SN2 2DG2
£130K10/230.7 mi105, St Austell Way, Swindon SN2 2DG2
£120K03/210.71 miFlat 3, Cirencester Court, Drove Road, Swindon SN1 3AU2
£440K11/200.75 mi34, Okus Road, Swindon SN1 4JQ2
£163K12/220.75 mi79, St Austell Way, Swindon SN2 2DG2
£178K12/210.76 mi8, Albert Street, Swindon, Thamesdown SN1 3HJ2
£193K11/200.8 mi23, Morrison Street, Swindon, Thamesdown SN2 2HE2
£130K10/210.8 mi132d, Cricklade Road, Swindon SN2 8AG2
£187K02/210.8 mi3, Penfold Gardens, Swindon SN1 4EL2
£134K08/210.81 mi138, Padstow Road, Swindon SN2 2EQ2
£130K06/210.81 mi150, Padstow Road, Swindon SN2 2EQ2
£135K08/210.81 mi230, Padstow Road, Swindon SN2 2EQ2
£137K02/210.81 mi154, Padstow Road, Swindon SN2 2EQ2
£125K04/210.81 mi228, Padstow Road, Swindon SN2 2EQ2

Local Rents

47 rents from £950/mo to £3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,15008/240.05 miThe Lock Apartments, Fleming Way, Swindon, SN12
£1,10008/240.05 miCentral Swindon2
£1,10008/240.05 miThe Lock, Fleming Way, Swindon, Wiltshire, SN12
£1,10009/240.05 miThe Lock Town Centre2
£1,20009/240.05 miFleming Way, Swindon, Wiltshire, SN12
£95009/240.07 miLinden Court, Holbrook Way, Swindon2
£1,05003/250.12 mi-2
£95012/240.12 mi-2
£1,10501/250.12 mi-2
£95009/240.12 miHarding House, Swindon2
£1,10009/240.15 miFaringdon House, Faringdon Road, Swindon, Wiltshire, SN12
£1,25001/250.16 mi-2
£2,99509/240.16 miWellington Street, Swindon, SN12
£2,99509/240.16 mi-2
£1,59501/250.16 mi-2
£1,15008/240.2 miGuild House, Farnsby Street, SN12
£1,30008/240.2 mi-2
£1,35009/240.21 miSwindon, Wiltshire, SN22
£2,85008/240.21 mi-2
£2,18001/250.21 mi-2
£1,10003/250.21 mi-2
£1,00008/240.21 miGuild House, Town Centre2
£1,07509/240.22 miElectra House2
£1,10009/240.22 miBridge House, SN1, SN12
£1,00002/250.23 mi-2
£1,00002/250.23 mi-2
£1,00012/240.23 mi-2
£2,17003/250.23 mi-2
£1,00008/240.25 mi-2
£1,24009/240.25 miBridge House, Swindon, Wiltshire2
£1,05009/240.27 miChester Street, Swindon, Wiltshire, SN12
£1,35011/240.27 mi-2
£1,10008/240.27 mi-2
£1,15009/240.27 miThe Paramount, Beckhampton Street, Swindon, Wiltshire, SN12
£1,10003/250.28 mi-2
£1,40008/240.29 miParamount, Town Centre2
£1,00008/240.29 miThe Paramount, Town Centre2
£1,17508/240.29 miBeckhampton Street, SWINDON2
£1,25009/240.29 miParamount, Town Centre2
£1,05008/240.3 miExeter Street, Town Centre, Swindon, SN12
£1,30009/240.3 mi-2
£1,10003/250.3 mi-2
£95010/240.32 mi-2
£95003/250.32 mi-2
£1,10009/240.32 mi-2
£1,15008/240.32 mi-2
£1,15010/240.32 mi-2

Local Area Statistics

Population in SN1

29,453

Population in Swindon

211,186

Town centre distance

0.65 miles away

Nearest school

0.30 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Listed for £200,000

February 7, 2025

Floor Plans

Description

  • 10 year Guarantee +
  • Free management for 12 months for investors +
  • Luxury Finish +
  • Two huge double bedrooms +
  • Secure Entry Phone System +
  • Ideal location for commuting +
  • Low management fee of £400 per annum +
  • 999 year lease +
  • 64 sq mt apartments +
  • No ground rents +

Moovahome are proud to bring to market ‘The Shar’, an 8 Luxury Development of two bedroom properties in the heart of Swindon.  Completed to a standard that is not often seen in the Town, the passion, design and upmarket fittings is prevalent throughout. Large, light communal areas, huge bedrooms, fully fitted kitchens with high end appliances including a slimline dishwasher and washer/drier, secure entry and balconies throughout.  Room Sizes
Lounge/Breakfast Room/Kitchen  26.85 SqMt
Master Bedroom                               12.47 SqMt          
Second Bedroom                               9.8  SqMt             
Shower Room:                                   5.57 SqMt            
Balcony:                                              Brought to market by local development experts LF Property Group, the apartments are nestled centrally in the Swindon Town Centre regeneration project. Over the coming months the immediate area will be a fully vibrant area which in time will house hundreds of professionals and families who desire upmarket living.   Lease/Charges/Availability
The property will be granted a new 999 year lease
Service charges are £400 per annum for 2024 – 2029
No Ground Rents 
Should an investor buy an apartment Moovahome will manage the tenancy for the first year for free (small set up fee applies) 
Moovahome have valued the homes at a rental of £1100 per month

Agent Details

Moovahome, Swindon

01793 540796

Next Steps?

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