3 Bed Terraced House, Refurb/BRRR, Swindon, SN2 2BH, £140,000

12 Horace Street, Swindon, Wiltshire, SN2 2BH - 12 days ago

Auction
Refurb/BRRR
ROI: 5%
84 m²
+5 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,200

Refurb Costs

£34,323

Bridging Loan Interest

£3,675

Total Cash In

£82,948

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£205,941

Agent Fees (1%)

£2,059

Bridging Loan

£105,000

Bridging Loan Interest

£3,675

Flip Profit

£15,934













Local Rents

18 rents from £1.1K/mo to £1.4K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25009/240.05 mi-3
£1,25009/240.05 miGroves Street, Swindon, SN23
£1,15009/240.09 miGuppy Street, SWINDON3
£1,25009/240.11 mi-3
£1,29502/240.14 mi-3
£1,17509/240.14 miSummers Street, Rodbourne, Swindon3
£1,40009/240.18 miRedcliffe Street, SWINDON3
£1,35003/250.19 mi-3
£1,30009/240.22 miChurchward3
£1,25009/240.29 miSt. Austell Way, Churchward, Swindon3
£1,35009/240.31 mi-3
£1,20009/240.31 miPadstow Road, SWINDON3
£1,40009/240.39 miPadstow Road, Swindon, Wiltshire3
£1,30003/250.52 mi-3
£1,30002/250.52 mi-3
£1,10008/240.55 miLorne Street, Swindon3
£1,20008/240.6 miChester Street, Swindon3
£1,30009/240.6 miChester Street, Swindon, Wiltshire, SN13

Local Area Statistics

Population in SN2

41,193

Population in Swindon

211,186

Town centre distance

1.16 miles away

Nearest school

0.20 miles away

Nearest train station

0.88 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £140,000

March 4, 2025

Floor Plans

Description

  • For Sale by Online Auction +
  • Thursday 3rd April 2025 +
  • Lot 09 +
  • Guide Price £140,000+ +

LOT 09
FOR SALE BY ONLINE AUCTION
THURSDAY 3rd APRIL 2025
GUIDE PRICE £140,000+

3 Bedroom mid-terrace house situated within close proximity of the town centre with its numerous amenities while also within easy reach of the railway station. In need of minor modernisation.

The property is situated in Swindon town centre close to amenities, the mainline railway station and within easy access of the M4 motorway and A419. Swindon is a large expanding town with a wide variety of shops, bars, restaurants, schools and leisure facilities.

The accommodation comprises on the ground floor; entrance hall, living room, dining room, kitchen and bathroom. On the first floor; landing and 3 bedrooms. The property has gas central heating and double glazing. The property requires works for damp proofing and extension flat roof.

To the rear of the property is a fully enclosed garden laid mainly to lawn.

Ideal investment or first time buyer purchase.

What3Words///fast.bumpy.cloak

As you turn into Horace Street, the house is on the right.

Situation & Description - 3 Bedroom mid-terrace house situated within close proximity of the town centre with its numerous amenities while also within easy reach of the railway station. In need of minor modernisation.

The property is situated in Swindon town centre close to amenities, the mainline railway station and within easy access of the M4 motorway and A419. Swindon is a large expanding town with a wide variety of shops, bars, restaurants, schools and leisure facilities.

The accommodation comprises on the ground floor; entrance hall, living room, dining room, kitchen and bathroom. On the first floor; landing and 3 bedrooms. The property has gas central heating and double glazing. The property requires works for damp proofing and extension flat roof.

To the rear of the property is a fully enclosed garden laid mainly to lawn.

Ideal investment or first time buyer purchase.

What3Words///fast.bumpy.cloak

As you turn into Horace Street, the house is on the right.

Viewings - To arrange a viewing, contact: Auction Office on
There will be numerous pre-arranged open house viewing slots lasting for 30 minutes and you can book in by contacting the Auctioneers.

If you have any concerns with viewings, please contact the relevant Strakers office and we would be happy to discuss them with you and hopefully put you at ease.

Online Auction - In order to bid at Strakers Online Auctions, you will first need to create an account by providing your contact details. You will be asked to read and accept our Online Auction Terms and Conditions. In order to bid online, you will be required to register a credit or debit card for the bidder security deposit. Strakers are required by law to carry out an online anti-money laundering check on all persons wishing to bid. In general terms, you are strongly advised to view the property and take professional advice as to its condition and suitability.

When the auction opens at 8am the day of the auction, you will be able to place bids in line with the pre-determined bid increment levels, using the bid increase (+) and decrease (-) buttons provided. It is recommended you check your web browser will allow you to bid in good time as some browsers' security can block the ability to bid. We recommend using Google Chrome when possible.

Legal Pack - You can download or pre-register for the legal packs via our website by using the ‘Menu’ at the top of the page and selecting ‘Auctions’, then ‘Current Auction’. This will produce a lot list. Find the lot of interest and click ‘View Legal Documents’. You will need to sign-up by entering your email address and creating a password the first time you use this, your log-in will stay valid for all of our future auctions. The legal pack may not be available straight away, but as long as you have registered to receive it you will be notified as soon as it is available.

Reserve & Guide Price - Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

+ Fees - If you are the successful bidder, you will then be asked to sign the auction contract and pay a 10% deposit (minimum £3,000) and a buyers fee of £600 including VAT on any Lots purchased at or below £99,999 or £1,200 including VAT on any lots purchased at £100,000 or above.

Disclaimer - These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. All measurements and distances are approximate only. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

Agent Details

Strakers Auctions, Chippenham

01249 471392

Next Steps?

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