2 Bed Flat, Single Let, Slough, SL3 7SL, £270,000

242 Reddington Drive, Langley, Berkshire, SL3 7SL - 15 days ago

Leasehold

BTL

ROI: 1%

60 m²

+7 photos

ValuationOvervalued

Sold Prices	£152.5K - £312K
Sold Prices/m²	£3.2K/m² - £5.4K/m²

Square Metres	60 m²
Price/m²	£4.5K/m²
Value Estimate	£245,455£245,455

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£67,500£67,500
Stamp Duty & Legal Fees	£15,700£15,700
Total Cash In	£83,200£83,200

Cash Out
Rent Range	£100 - £3,250£100 - £3,250
Rent Estimate	£1,138
Running Costs/mo	£1,091£1,091
Cashflow/mo	£47£47
Cashflow/yr	£560£560
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

35 sold prices from £152.5K to £312K, average is £260K. £3.2K/m² to £5.4K/m², average is £4.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£288K	10/23	0 mi	222, Reddington Drive, Slough SL3 7SL	£4,800	60	2	Flat
£250K	03/23	0.23 mi	189, Upton Court Road, Slough SL3 7LN	-	-	2	Flat
£225K	01/21	0.32 mi	16, Darrell Close, Slough SL3 7QN	£4,091	55	2	Flat
£243K	11/20	0.32 mi	13, Darrell Close, Slough SL3 7QN	£4,418	55	2	Flat
£265K	03/21	0.4 mi	46, Tobermory Close, Slough SL3 7JG	£3,732	71	2	Flat
£270K	09/23	0.4 mi	41, Tobermory Close, Slough SL3 7JG	£3,553	76	2	Flat
£260K	08/21	0.43 mi	59, Hurworth Avenue, Slough SL3 7FE	£4,064	64	2	Flat
£260K	08/21	0.43 mi	59, Hurworth Avenue, Slough SL3 7FE	£4,064	64	2	Flat
£265K	09/20	0.43 mi	33, Hurworth Avenue, Slough SL3 7FE	£5,408	49	2	Flat
£260K	10/22	0.47 mi	20, Barchester Road, Slough SL3 7HA	£4,333	60	2	Flat
£235K	09/20	0.47 mi	28, Barchester Road, Slough SL3 7HA	£3,852	61	2	Flat
£250K	09/21	0.48 mi	16, Barchester Road, Slough SL3 7HA	£3,333	75	2	Flat
£285K	05/21	0.49 mi	141, Hurworth Avenue, Slough SL3 7FG	£3,956	72	2	Flat
£245K	01/23	0.5 mi	112, Minster Way, Slough SL3 7EX	-	-	2	Flat
£285K	05/21	0.5 mi	141, Hurworth Avenue, Slough SL3 7FG	£3,956	72	2	Flat
£305K	02/23	0.5 mi	11, Newton Close, Langley, Slough SL3 8DD	£5,221	58	2	Flat
£295K	10/21	0.5 mi	3, Newton Close, Slough SL3 8DD	£4,836	61	2	Flat
£312K	11/22	0.5 mi	15, Newton Close, Langley, Slough SL3 8DD	£5,285	59	2	Flat
£223K	09/20	0.5 mi	47, Minster Way, Slough SL3 7EY	£3,597	62	2	Flat
£230K	11/22	0.54 mi	19, Maryside, Slough SL3 7ES	-	-	2	Flat
£274K	10/20	0.56 mi	26, Chadwick Road, Slough SL3 7FU	£4,349	63	2	Flat
£267.5K	04/21	0.56 mi	20, Chadwick Road, Slough SL3 7FU	£4,246	63	2	Flat
£280K	02/21	0.56 mi	108, Chadwick Road, Slough SL3 7FU	£4,118	68	2	Flat
£252.5K	06/21	0.67 mi	4, Gilbert Way, Slough SL3 7GR	£3,156	80	2	Flat
£282K	10/23	0.72 mi	26, Scholars Walk, Langley, Slough SL3 8LY	£4,700	60	2	Flat
£240K	09/23	0.74 mi	5, Tracy Avenue, Slough SL3 7GN	£3,764	64	2	Flat
£225K	07/23	0.75 mi	15, Tithe Court, Slough SL3 8AS	£3,689	61	2	Flat
£243.5K	01/21	0.75 mi	2, Wylands Road, Slough SL3 8JT	£4,127	59	2	Flat
£282K	10/22	0.75 mi	16, Wylands Road, Slough SL3 8JT	£4,947	57	2	Flat
£272K	04/23	0.76 mi	98, Scholars Walk, Langley, Slough SL3 8LZ	-	-	2	Flat
£152.5K	04/23	0.85 mi	287, Rochfords Gardens, Slough SL2 5XH	-	-	2	Flat
£240K	08/23	0.91 mi	3, Sir Robert Mews, Slough SL3 8ND	£3,636	66	2	Flat
£250K	05/23	0.92 mi	44, Grampian Way, Slough SL3 8UG	£3,289	76	2	Flat
£230K	04/23	0.92 mi	32, Grampian Way, Slough SL3 8UG	-	-	2	Flat
£255K	05/21	1 mi	30, Clifton Road, Slough SL1 1SP	£5,313	48	2	Flat

Local Rents

47 rents from £100/mo to £3.3K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,750	11/24	0.08 mi	-	2	Terraced House
£1,750	11/24	0.08 mi	-	2	Terraced House
£1,650	09/24	0.08 mi	-	2	Terraced House
£1,650	08/24	0.1 mi	Langley	2	Terraced House
£2,500	01/25	0.1 mi	-	2	Terraced House
£1,600	11/24	0.18 mi	-	2	Terraced House
£1,600	09/24	0.18 mi	Randolph Road, Slough, SL3	2	Terraced House
£1,650	03/25	0.23 mi	-	2	Flat
£1,550	02/24	0.25 mi	-	2	Flat
£1,575	02/25	0.26 mi	-	2	Flat
£1,700	08/24	0.35 mi	Slough, Berkshire, SL3	2	Flat
£1,700	09/24	0.39 mi	London Road, Slough, SL3	2	Flat
£1,500	08/24	0.4 mi	Tobermory Close, Langley - 2 bed, 2 Bath Ground Floor Apartment	2	Flat
£1,700	08/24	0.41 mi	-	2	Terraced House
£1,650	03/25	0.42 mi	-	2	Flat
£1,700	09/24	0.42 mi	Hurworth Avenue, Slough, SL3	2	Flat
£1,700	09/24	0.42 mi	Hurworth Avenue, Slough, SL3	2	Flat
£1,700	11/24	0.42 mi	-	2	Flat
£1,800	08/24	0.42 mi	Slough, Berkshire, SL3	2	Detached House
£1,700	10/24	0.43 mi	-	2	Terraced House
£1,700	02/25	0.43 mi	-	2	Terraced House
£1,500	01/25	0.43 mi	-	2	Flat
£1,850	02/25	0.44 mi	-	2	Semi-Detached House
£950	09/24	0.44 mi	-	2	Flat
£1,850	03/25	0.47 mi	-	2	Terraced House
£1,650	02/25	0.47 mi	-	2	Flat
£1,300	10/24	0.49 mi	-	2	Flat
£1,200	03/25	0.49 mi	-	2	Flat
£1,650	08/24	0.5 mi	-	2	House
£1,835	02/25	0.5 mi	-	2	Flat
£1,800	09/24	0.51 mi	Spencer Road, Langley, SL3	2	Terraced House
£1,750	09/24	0.51 mi	Spencer Road, Langley, SL3	2	Terraced House
£1,750	09/24	0.51 mi	-	2	Terraced House
£1,700	02/25	0.52 mi	-	2	Terraced House
£1,400	09/24	0.52 mi	Hurworth Avenue, Langley, Slough	2	Flat
£1,550	09/24	0.54 mi	-	2	Flat
£1,500	09/24	0.55 mi	Kimberley Close, Langley, SL3	2	Terraced House
£1,800	08/24	0.56 mi	Kenyon Way, Langley	2	Flat
£1,600	01/25	0.57 mi	-	2	Flat
£1,500	08/24	0.57 mi	Chadwick Road, Langley, SL3	2	Flat
£3,250	03/25	0.57 mi	-	2	Flat
£1,550	02/25	0.57 mi	-	2	Flat
£2,995	03/25	0.57 mi	-	2	Flat
£1,400	09/24	0.57 mi	Chadwick Road, Slough	2	Flat
£1,795	11/24	0.59 mi	-	2	Terraced House
£100	11/24	0.6 mi	-	2	Detached House
£1,750	09/24	0.6 mi	-	2	Flat

Local Area Statistics

Population in SL3	45,18245,182
Population in Slough	168,514168,514
Town centre distance	1.79 miles away1.79 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.89 miles away0.89 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 £270,000

February 28, 2025

Floor Plans

Description

Two bedroom 2nd floor apartment +
One bathroom +
Good condition +
Convenient for poplar junior and grammar schools +
Close to amenities, including Langley train station with its Elizabeth line +

The Frost Partnership are proud to bring to the market this two-bedroom one bathroom apartment. The two bedrooms are a good size with double glazed windows, both bedrooms enjoy fitted wardrobes.
From the hallway: Main reception which consists of doubled glazed door leading onto the balcony, which enjoys views over the park. The fitted kitchen has ample storage units, stainless steel sink, space for free standing appliances.
The main family bathroom consists of a three-piece white suite, tiled walls. Outside there are communal gardens.

Two bedroom 2nd floor apartment, one bathroom, good condition, convenient for poplar junior and grammar schools, close to amenities, including Langley train station with its Elizabeth line 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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