2 Bed Flat, Single Let, Slough, SL3 7SL, £220,000

112 Reddington Drive, Slough, SL3 7SL - 3 views - 2 years ago

Leasehold

BTL

44 m²

+3 photos

ValuationOvervalued

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

Square Metres	44 m²
Price/m²	£5K/m²
Value Estimate	£180,588£180,588

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£55,000£55,000
Stamp Duty & Legal Fees	£7,800£7,800
Total Cash In	£62,800£62,800

Cash Out
Rent Range	£100 - £3,250£100 - £3,250
Rent Estimate	£100
Running Costs/mo	£728£728
Cashflow/mo	£-627£-627
Cashflow/yr	£-7,530£-7,530
Gross Yield	1%1%

Local Sold Prices

36 sold prices from £152.5K to £312K, average is £257.5K. £3.2K/m² to £5.4K/m², average is £4.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£288K	10/23	0.03 mi	222, Reddington Drive, Slough SL3 7SL	£4,800	60	2	Flat
£250K	03/23	0.21 mi	189, Upton Court Road, Slough SL3 7LN	-	-	2	Flat
£225K	01/21	0.35 mi	16, Darrell Close, Slough SL3 7QN	£4,091	55	2	Flat
£243K	11/20	0.35 mi	13, Darrell Close, Slough SL3 7QN	£4,418	55	2	Flat
£260K	08/21	0.4 mi	59, Hurworth Avenue, Slough SL3 7FE	£4,064	64	2	Flat
£260K	08/21	0.4 mi	59, Hurworth Avenue, Slough SL3 7FE	£4,064	64	2	Flat
£265K	09/20	0.4 mi	33, Hurworth Avenue, Slough SL3 7FE	£5,408	49	2	Flat
£265K	03/21	0.42 mi	46, Tobermory Close, Slough SL3 7JG	£3,732	71	2	Flat
£270K	09/23	0.42 mi	41, Tobermory Close, Slough SL3 7JG	£3,553	76	2	Flat
£285K	05/21	0.47 mi	141, Hurworth Avenue, Slough SL3 7FG	£3,956	72	2	Flat
£285K	05/21	0.48 mi	141, Hurworth Avenue, Slough SL3 7FG	£3,956	72	2	Flat
£260K	10/22	0.49 mi	20, Barchester Road, Slough SL3 7HA	£4,333	60	2	Flat
£235K	09/20	0.49 mi	28, Barchester Road, Slough SL3 7HA	£3,852	61	2	Flat
£250K	09/21	0.49 mi	16, Barchester Road, Slough SL3 7HA	£3,333	75	2	Flat
£245K	01/23	0.51 mi	112, Minster Way, Slough SL3 7EX	-	-	2	Flat
£223K	09/20	0.52 mi	47, Minster Way, Slough SL3 7EY	£3,597	62	2	Flat
£305K	02/23	0.52 mi	11, Newton Close, Langley, Slough SL3 8DD	£5,221	58	2	Flat
£295K	10/21	0.52 mi	3, Newton Close, Slough SL3 8DD	£4,836	61	2	Flat
£312K	11/22	0.52 mi	15, Newton Close, Langley, Slough SL3 8DD	£5,285	59	2	Flat
£230K	11/22	0.55 mi	19, Maryside, Slough SL3 7ES	-	-	2	Flat
£274K	10/20	0.55 mi	26, Chadwick Road, Slough SL3 7FU	£4,349	63	2	Flat
£267.5K	04/21	0.55 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	0.68 mi	4, Gilbert Way, Slough SL3 7GR	£3,156	80	2	Flat
£282K	10/23	0.74 mi	26, Scholars Walk, Langley, Slough SL3 8LY	£4,700	60	2	Flat
£240K	09/23	0.75 mi	5, Tracy Avenue, Slough SL3 7GN	£3,764	64	2	Flat
£243.5K	01/21	0.78 mi	2, Wylands Road, Slough SL3 8JT	£4,127	59	2	Flat
£225K	07/23	0.78 mi	15, Tithe Court, Slough SL3 8AS	£3,689	61	2	Flat
£282K	10/22	0.78 mi	16, Wylands Road, Slough SL3 8JT	£4,947	57	2	Flat
£272K	04/23	0.78 mi	98, Scholars Walk, Langley, Slough SL3 8LZ	-	-	2	Flat
£152.5K	04/23	0.84 mi	287, Rochfords Gardens, Slough SL2 5XH	-	-	2	Flat
£240K	08/23	0.93 mi	3, Sir Robert Mews, Slough SL3 8ND	£3,636	66	2	Flat
£250K	05/23	0.94 mi	44, Grampian Way, Slough SL3 8UG	£3,289	76	2	Flat
£230K	04/23	0.94 mi	32, Grampian Way, Slough SL3 8UG	-	-	2	Flat
£255K	05/21	0.98 mi	30, Clifton Road, Slough SL1 1SP	£5,313	48	2	Flat
£218K	10/21	1 mi	6, Chichester Court, Slough SL1 1NZ	-	-	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,650	08/24	0.08 mi	Langley	2	Terraced House
£1,750	11/24	0.09 mi	-	2	Terraced House
£1,750	11/24	0.09 mi	-	2	Terraced House
£1,650	09/24	0.09 mi	-	2	Terraced House
£2,500	01/25	0.13 mi	-	2	Terraced House
£1,600	11/24	0.2 mi	-	2	Terraced House
£1,600	09/24	0.2 mi	Randolph Road, Slough, SL3	2	Terraced House
£1,650	03/25	0.21 mi	-	2	Flat
£1,550	02/24	0.23 mi	-	2	Flat
£1,575	02/25	0.28 mi	-	2	Flat
£1,700	08/24	0.33 mi	Slough, Berkshire, SL3	2	Flat
£1,650	03/25	0.39 mi	-	2	Flat
£1,700	09/24	0.4 mi	Hurworth Avenue, Slough, SL3	2	Flat
£1,700	09/24	0.4 mi	Hurworth Avenue, Slough, SL3	2	Flat
£1,700	11/24	0.4 mi	-	2	Flat
£1,700	09/24	0.4 mi	London Road, Slough, SL3	2	Flat
£1,500	01/25	0.4 mi	-	2	Flat
£1,850	02/25	0.41 mi	-	2	Semi-Detached House
£950	09/24	0.41 mi	-	2	Flat
£1,500	08/24	0.42 mi	Tobermory Close, Langley - 2 bed, 2 Bath Ground Floor Apartment	2	Flat
£1,700	08/24	0.43 mi	-	2	Terraced House
£1,800	08/24	0.44 mi	Slough, Berkshire, SL3	2	Detached House
£1,700	10/24	0.45 mi	-	2	Terraced House
£1,700	02/25	0.45 mi	-	2	Terraced House
£1,850	03/25	0.46 mi	-	2	Terraced House
£1,650	08/24	0.48 mi	-	2	House
£1,835	02/25	0.48 mi	-	2	Flat
£1,650	02/25	0.49 mi	-	2	Flat
£1,400	09/24	0.5 mi	Hurworth Avenue, Langley, Slough	2	Flat
£1,300	10/24	0.51 mi	-	2	Flat
£1,200	03/25	0.51 mi	-	2	Flat
£1,800	09/24	0.54 mi	Spencer Road, Langley, SL3	2	Terraced House
£1,750	09/24	0.54 mi	Spencer Road, Langley, SL3	2	Terraced House
£1,750	09/24	0.54 mi	-	2	Terraced House
£1,550	09/24	0.55 mi	-	2	Flat
£1,700	02/25	0.55 mi	-	2	Terraced House
£1,600	01/25	0.56 mi	-	2	Flat
£1,500	08/24	0.56 mi	Chadwick Road, Langley, SL3	2	Flat
£3,250	03/25	0.56 mi	-	2	Flat
£1,550	02/25	0.56 mi	-	2	Flat
£2,995	03/25	0.56 mi	-	2	Flat
£1,500	09/24	0.57 mi	Kimberley Close, Langley, SL3	2	Terraced House
£1,400	09/24	0.57 mi	Chadwick Road, Slough	2	Flat
£100	11/24	0.58 mi	-	2	Detached House
£1,800	08/24	0.58 mi	Kenyon Way, Langley	2	Flat
£1,795	11/24	0.61 mi	-	2	Terraced House

Local Area Statistics

Population in SL3	45,18245,182
Population in Slough	168,514168,514
Town centre distance	1.77 miles away1.77 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.92 miles away0.92 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 £220,000

May 17, 2023

Floor Plans

Description

Secure Entry Phone System +
Easy Access to M4 Motorway (Junction 5) +
Gas Central Heating +
With Catchment Area of Local Schools +
Communal Gardens +
Two Double Bedrooms +

A spacious two bedroom second floor flat situated in a quiet residential area just off the London Road. The property benefits from wonderful views over parkland with Windsor Castle in the distance, gas central heating, UPVC double glazing, cloakroom, kitchen, bathroom and plenty of on street parking. The property is located within Ryvers school catchment & is walking distance to the local Grammar schools. Local shops & amenities are also close by.

Agent Details

Cameron King, Cippenham

01621 731464

Next Steps?

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

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