3 Bed Semi-Detached House, Refurb/BRRR, Swindon, SN1 4LN, £289,950

161 Kingshill Road, Old Town, Swindon, Wiltshire, SN1 4LN - 24 views - a year ago

Sold STC

Refurb/BRRR

~121 m²

+8 photos

ValuationUndervalued

‌
‌
‌
‌
‌
‌
‌
‌
‌
‌

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£72,488£72,488
Stamp Duty & Legal Fees	£12,540£12,540
Refurb Costs	£49,153£49,153
Bridging Loan Interest	£7,611£7,611
Total Cash In	£143,542£143,542

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£348,738£348,738
Mortgage (After Refinance)	£261,553£261,553
Mortgage LTV	75%75%
Cash Released	£44,091£44,091
Cash Left In	£99,451£99,451
Equity	£87,184£87,184
Rent Range	£895 - £1,600£895 - £1,600
Rent Estimate	£1,282
Running Costs/mo	£1,366£1,366
Cashflow/mo	£-84£-84
Cashflow/yr	£-1,010£-1,010
Gross Yield	5%5%

‌

‌
‌
‌
‌
‌
‌
‌
‌
‌
‌

Local Rents

41 rents from £895/mo to £1.6K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,250	08/24	0.06 mi	William Street, Town Centre, SN1	3	Terraced House
£1,500	08/24	0.1 mi	Kingshill Road, Swindon, Wiltshire, SN1	3	Terraced House
£1,300	02/25	0.1 mi	-	3	Terraced House
£1,150	11/24	0.11 mi	-	3	Terraced House
£1,250	08/24	0.11 mi	William Street, Town Centre	3	Flat
£1,300	11/24	0.19 mi	-	3	Semi-Detached House
£1,200	09/24	0.2 mi	William Street, SWINDON	3	House
£895	08/24	0.21 mi	William Street, Swindon	3	Flat
£1,200	02/25	0.23 mi	-	3	Terraced House
£1,300	09/24	0.24 mi	Maidstone Road, Swindon, SN1	3	Terraced House
£1,300	03/25	0.27 mi	-	3	Terraced House
£1,475	08/24	0.28 mi	Kent Road, Old Town, Swindon, Wiltshire, SN1	3	Terraced House
£1,500	08/24	0.29 mi	-	3	Flat
£1,400	02/25	0.29 mi	-	3	Flat
£1,200	08/24	0.3 mi	Dixon Street, Old Town, Swindon, Wiltshire, SN1	3	Terraced House
£1,100	08/24	0.34 mi	Lorne Street, Swindon	3	Terraced House
£1,300	06/24	0.35 mi	-	3	Terraced House
£1,300	09/24	0.37 mi	Hythe Road, Old Town, SN1	3	Terraced House
£1,100	10/24	0.39 mi	-	3	Terraced House
£1,350	09/24	0.39 mi	Dixon Street, SN1, SN1	3	Terraced House
£1,100	08/24	0.4 mi	Stafford Street, SWINDON	3	Flat
£1,500	01/25	0.4 mi	-	3	Detached House
£1,200	08/24	0.42 mi	Chester Street, Swindon	3	Terraced House
£1,300	09/24	0.42 mi	Chester Street, Swindon, Wiltshire, SN1	3	Terraced House
£1,200	03/25	0.43 mi	-	3	Terraced House
£1,250	08/24	0.45 mi	Brunswick Street, Old Town	3	Flat
£1,200	09/24	0.45 mi	Brunswick Street, Swindon, SN1	3	Terraced House
£1,250	12/24	0.46 mi	-	3	Terraced House
£1,200	12/24	0.46 mi	-	3	Terraced House
£1,200	02/25	0.5 mi	-	3	Terraced House
£1,400	09/24	0.52 mi	Padstow Road, Swindon, Wiltshire	3	Terraced House
£1,400	07/24	0.52 mi	-	3	Terraced House
£1,250	09/24	0.53 mi	St. Austell Way, Churchward, Swindon	3	Flat
£1,600	08/24	0.54 mi	Mill Lane, Old Town	3	Flat
£1,450	09/24	0.54 mi	Old Town, Wiltshire, SN1	3	Terraced House
£1,050	09/24	0.55 mi	Western Street, SWINDON	3	Flat
£1,300	09/24	0.56 mi	Churchward	3	House
£1,400	12/24	0.59 mi	-	3	Terraced House
£1,200	09/24	0.6 mi	Padstow Road, SWINDON	3	House
£1,350	09/24	0.6 mi	-	3	Flat
£1,400	09/24	0.62 mi	Redcliffe Street, SWINDON	3	House

Local Area Statistics

Population in SN1	29,45329,453
Population in Swindon	211,186211,186
Town centre distance	1.33 miles away1.33 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.98 miles away0.98 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+24%+24%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+25%+25%

Property History

Price changed to £289,950

December 4, 2024

Listed for £298,000

October 9, 2023

Floor Plans

Description

Bay fronted semi detached home +
In need of modernisation +
Three double bedrooms +
First floor bathroom & ground floor shower room +
South facing rear garden +
Two separate garages +

This is an attractive bay fronted semi detached home offering generous accommodation over two floors. Benefitting from three good sized bedrooms and bathroom to the first floor, to the ground floor are three reception rooms, kitchen and ground floor shower room. With many character features including coved ceilings, picture rails and fireplaces. Externally the property has a South facing rear garden and two separate garages. Requiring some updating and offered with no onward chain, early viewings are highly recommended to appreciate its full potential.

Agent Details

Charles Harding Estate Agents, Swindon

01793 540422

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

2 Bed House, Refurb/BRRR, Swindon, SN1 5NB

£170,000

a year ago • 68 m²

4 Bed House, Refurb/BRRR, Swindon, SN1 4GN

£350,000

1 views • 6 months ago • 148 m²

Sold STC

3 Bed House, Refurb/BRRR, Swindon, SN1 5QP

£230,000

4 views • 2 months ago • 93 m²

3 Bed House, Refurb/BRRR, Swindon, SN1 3NB

£200,000

11 days ago • 93 m²