2 Bed Flat, Single Let, Slough, SL1 5TA, £224,950

Goodwin Villas, Richards Way, Cippenham, SL1 5TA - 7 years ago

Under Offer
Leasehold
BTL
ROI: 7%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£100K - £310K
Sold Prices/m²£2.3K/m² - £5.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.3K/m²

Value Estimate

£245,055
BMV9%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£56,238

Stamp Duty & Legal Fees

£7,949

Total Cash In

£64,186

 

 

Cash Out

 

Rent Range

£1,375 - £2,800

Rent Estimate

£1,396

Running Costs/mo

£1,002

Cashflow/mo

£394

Cashflow/yr

£4,726

ROI

7%

Gross Yield

7%

Local Sold Prices

25 sold prices from £100K to £310K, average is £220K. £2.3K/m² to £5.6K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£200K04/230.05 mi16, Cobham Close, Slough SL1 5EL2
£265K07/230.39 mi27, Hogarth Close, Slough SL1 5JD2
£100K08/210.41 mi32, Ridgebank, Slough SL1 5BL2
£195K01/210.41 mi2, Boarlands Close, Slough SL1 5DD2
£260K03/210.47 miFlat 8, Oliver Court, Patricia Close, Slough SL1 5HE2
£220K06/210.69 mi113, Weekes Drive, Slough SL1 2YN2
£195K10/200.69 mi101, Weekes Drive, Slough SL1 2YN2
£218K12/200.69 mi87, Weekes Drive, Slough SL1 2YN2
£215K04/230.73 mi210, Weekes Drive, Slough SL1 2YR2
£235K03/230.73 mi174, Weekes Drive, Slough SL1 2YR2
£245K12/220.76 miFlat 2, Compton Court, Brook Crescent, Slough SL1 6LL2
£290K10/200.8 mi37, Colenorton Crescent, Eton Wick, Windsor, Windsor And Maidenhead SL4 6NW2
£223K10/210.8 mi151, Weekes Drive, Slough SL1 2YW2
£207K05/230.94 mi33, Sandringham Court, Slough SL1 6JU2
£235K03/230.94 mi3, Sandringham Court, Slough SL1 6JU2
£310K06/210.95 mi5, Eaton Avenue, Slough SL1 6EZ2
£275K06/230.95 mi29, Eaton Avenue, Slough SL1 6EZ2
£190K07/210.96 mi214, Littlebrook Avenue, Slough SL2 2PF2
£215K07/210.96 mi210, Littlebrook Avenue, Slough SL2 2PF2
£200K02/210.96 mi206, Littlebrook Avenue, Slough SL2 2PF2
£210K04/230.96 mi260, Littlebrook Avenue, Slough SL2 2PF2
£193K11/200.97 mi88, Lowestoft Drive, Slough SL1 6PE2
£236K05/230.99 mi332, Walpole Road, Slough SL1 6PP2
£220K02/230.99 mi362, Walpole Road, Slough SL1 6PP2
£230K05/210.99 mi82a, Eton Wick Road, Eton Wick, Windsor, Windsor And Maidenhead SL4 6JW2

Local Rents

26 rents from £1.4K/mo to £2.8K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,50009/240.11 miPhilbye Mews, Cippenham2
£1,67509/240.11 miPalace Close, Slough, SL12
£1,60002/250.15 mi-2
£1,60008/240.19 miAmesbury Road, Slough, Berkshire, SL12
£1,60001/250.19 mi-2
£2,00008/240.21 mi-2
£2,80012/240.21 mi-2
£1,60008/240.27 miSlough, Berkshire, SL12
£1,65001/250.28 mi-2
£1,75009/240.4 mi-2
£1,75001/250.4 mi-2
£1,75003/250.4 mi-2
£1,45001/250.4 mi-2
£1,39508/240.41 miBoarlands Close, Cippenham2
£1,40008/240.42 mi-2
£1,55008/240.45 miHardy Close, Cippenham2
£1,39512/240.49 mi-2
£1,50008/240.51 miBower Way, Slough, SL12
£1,65012/240.51 mi-2
£1,50002/250.55 mi-2
£1,55009/240.56 miFrogmore Close, Cippenham2
£1,50009/240.59 miBader Gardens, Slough, Berkshire, SL12
£1,60012/240.59 mi-2
£1,37502/250.6 mi-2
£1,70008/240.62 miHartford Point, 426-430 Bath Road, Nr Burnham ,Slough, Berks, SL12
£1,67508/240.62 miHartford Point, 426-430 Bath Road, Nr Burnham ,Slough, Berks, SL12

Local Area Statistics

Population in SL1

70,234

Population in Slough

168,514

Town centre distance

1.96 miles away

Nearest school

0.50 miles away

Nearest train station

0.91 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-26%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £224,950

January 3, 2018

Floor Plans

Description

  • WELL PRESENTED TWO BEDROOM TOP FLOOR APARTMENT +
  • POPULAR CIPPENHAM VILLAGE LOCATION +
  • VACANT POSSESSION - SOLD WITH NO ONWARD CHAIN +
  • IDEAL PURCHASE FOR LANDLORDS OR FIRST TIME BUYERS +
  • LEASEHOLD - 105 YEARS REMAINING +
  • WALKING DISTANCE TO BURNHAM STATION (MAIN PADDINGTON LINE & UPCOMING CROSSRAIL STATION) +
  • GAS CENTRAL HEATING & DOUBLE GLAZING +
  • ALLOCATED PARKING SPACE (PLUS FURTHER VISITORS PARKING) +
  • EASY ACCESS TO SLOUGH TOWN CENTRE +
  • TWO DOUBLE BEDROOMS +

A well presented two bedroom top floor apartment perfectly located within a modern development in the heart of Cippenham Village. This light and spacious property has some excellent features, including a large living room, two double bedrooms, a fully fitted modern kitchen, a modern family bathroom suite, gas central heating, double glazing, loft storage space and secure allocated parking. Further visitor parking bays are also available. The property is superbly situated within five minutes drive of Junction 6 of the M4 which offers easy access into Heathrow Airport, Central London, Slough Town Centre, Maidenhead, Reading, High Wycombe and the M25/M40 motorway network. Rarely available, properties in this development make an ideal first time purchase or an excellent investment, with an expected rental return of £1100 per calendar month for landlords. The property boasts a long lease (approximately 105 years remaining) and service charges/ground rent fees are very reasonable. The property is a short walk to Burnham station which offers a regular service to London Paddington every 30 minutes and Burnham station will soon benefit from the Crossrail which will offer a quick and regular service right into the heart of Central London. Three major supermarkets are also located within a very short proximity, one within walking distance. Local busses which stop close by offer a frequent service into Slough Town Centre, with its famous bus Station, High Street, shops, restaurants and leisure facilities. If anyone is looking to purchase a two bedroom property in the area then an internal viewing of this property is a must! Ideal for first time buyers or investors/landlords alike. Sold with no onward chain.

Agent Details

Jackson O'Rourke, Cippenham

01628 965436

Next Steps?

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