4 Bed HMO, Slough, SL1 3HT, £475,000

Oatlands Drive, Slough, SL1 3HT - 11 views - 23 days ago

HMO
Refurb/BRRR
~129 m²
+6 photos

ValuationUndervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£26,700

Refurb Costs

£63,221

Bridging Loan Interest

£12,469

Total Cash In

£222,890

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£578,668

Mortgage (After Refinance)

£434,001

Mortgage LTV

75%

Cash Released

£77,751

Cash Left In

£145,138

Equity

£144,667

Room Rate

£375

Gross Rent

£1,500

Running Costs/mo

£2,679

Cashflow/mo

£-1,179

Cashflow/yr

£-14,150

Gross Yield

4%













Local Area Statistics

Population in SL1

70,234

Population in Slough

168,514

Town centre distance

0.58 miles away

Nearest school

0.20 miles away

Nearest train station

0.85 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-26%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £475,000

February 20, 2025

Floor Plans

Description

  • No onward chain +
  • Off street parking +
  • In need of TLC +
  • Possible HMO opportunity +
  • Ideal family home +
  • Four bedrooms +

A well-proportioned 4-bedroom mid-terraced home in the popular residential area of Manor Park. Offering off-street parking for two vehicles, this property benefits from a prime location with easy access to the local amenities of Farnham Road and excellent transport links to the M3 and M25, making it ideal for commuters.

The property has been extended, offering spacious living areas, though it is in need of some updating, allowing you to put your own stamp on it. With no onward chain, this home presents a great opportunity for those looking to make their mark on a property in a sought-after location.

Internally, the accommodation comprises a generous living room, a separate dining area, and a well-sized kitchen. The four bedrooms are well-proportioned, with the potential to create a comfortable family home. A family bathroom and separate WC complete the upper floor.

Externally, the rear garden offers ample space for outdoor living and potential for improvement, while the off-street parking to the front adds convenience.

This is an exciting opportunity for buyers looking to take on a project in a highly desirable location.

Agent Details

haart, Slough

01753 251910

Next Steps?

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