Maidenhead, SL6 2JF | Investment Property for Sale | VES-SL6-001

Opportunity to purchase a detached house in Maidenhead generating £41,400 rent pa and a gross yield of 3.5%

£1,200,000

Detached House

VES-SL6-001

INITIAL INVESTMENT

£583,150

GROSS RENT / YIELD

£41,400 / 3.5%

NET RENT / YIELD

£31,798 / 2.6%

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Long-term tenant

Tenants that stay for long periods feel they have a stake in the property and are more likely to treat it as though it was theirs.

Benefits include:

  • Steady income
  • Minimised wear and tear
  • Fewer void periods

The property

TENANCY

Tenanted

TENURE

Freehold

6 bedrooms

3 bathrooms

2 reception rooms

3,075

Unfurnished

Property information

  • 6-bedroom detached period property
  • 1 bedroom currently being used as a study
  • There is a detached annex in the garden containing a large living/bedroom/office space, including a separate bathroom and kitchenette. The space is currently used as guest accommodation.
  • The house also comes with a large garage and driveway
  • It has a front garden and large rear garden that comes with an orchard
  • Has been decorated to the highest quality
  • Tenants have re-signed a new tenancy for 2 years
  • The property is professionally managed until the end of the current tenancy agreement

Property management information

Whilst the displayed financials below are market averages, the vendor has provided the costs for the management of the property:

  • Letting fees at 2.5%: £2,070 + VAT - these fees have already been paid
  • Management fees at 3.0%: £103.50 pcm + VAT - £2,484 pa + VAT

Please contact us for a bespoke financial analysis, documents or any other questions.

Market Trends

Sales Trends

  • Prices in SL6 outcode have increased 18% over the last 5 years (-1% over the last 12 months) and are £432,562 which varies by property type (£255,508 for a 1-bed flat to £1,083,228 for a 5-bed detached property). On average, there have been 84 properties sold per month in the area in the last 12 months.

  • In comparison, prices in the wider Leeds LS area are £412,771 (0% change over the last 12 months) and range between £217,910 for a 1-bed flat to £1,205,583 for a 5-bed detached property.

Rental Trends

  • Rents in SL6 are now at £1,266 per month (£15,192 pa) (a growth +1% over the last 12 months). On average, there have been 328 properties listed for rent per month in the area in the last 12 months.

  • Given prices in the SL6 area, on average gross yield is currently 4.2% which is lower than the national average of 4.7% and the same as the wider Slough SL postcode area of 4.2%.

  • This property is currently achieving a gross yield of 3.6% which overall, is 14% lower than the area but 20% higher when compared to detatched properties in the area.

Demographics

  • Total population of 80,129 within SL6 postcode area and median age of 41.

  • Based on market activity, 56.5% of stock is rental stock versus 43.5% for sale. There are 35,755 dwellings in the area and mean income of £3,796pm.

Source: REalyse - 17/06/2019 Note: prices and rent are median and averaged over the last 12 months, unless stated. Data sourced from c. 20 different sites and agents.

Tenancy

RENT

£41,400 p.a. / £3,450 pcm

TENANCY DEPOSIT

£5,908

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

22 months ago

TENANCY AGREEMENT ENDS

6/10/2021

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

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Rental Income

GROSS RENT PER ANNUM

£41,400

Equivalent of £3,450 per calendar month (PCM).

GROSS RENTAL YIELD

3.5%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£31,798

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

2.6%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£9,602

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Holyport, Maidenhead

Holyport is a quintessential and highly desirable English village, just 2 miles south of Maidenhead town centre. Sturt Green is one of its premier roads.

The village is well connected via the M4 motorway, junction 8/9 is approximately 1.5 miles away, whilst Heathrow airport is 15 miles away, and Maidenhead railway station is 2.4 miles outside of Holyport.

Holyport is also home to Holyport College, a premier day and boarding school that is educationally sponsored and guided by Eton College. It opened its doors for students aged 11-19 years in 2014 and also shares some sporting facilities with Eton College.

Nearby Maidenhead is a large market town in the royal borough of Windsor and Maidenhead.

The town is located south of the river Thames and lies approximately 26 miles west of Charing Cross and 12 miles north-east of Reading. Oxford is 28 miles to the south-east whilst Windsor is about 6 miles north-west of the town.

The A4 runs through the town connecting Maidenhead to London via Heathrow airport and Reading, whilst Bristol and Bath can be reached travelling west-ward.

Maidenhead railway station is serviced by the Great Western Main Line running regular services to London Paddington, Reading and to Bourne End & Marlow. The fast trains to London Paddington take 19 minutes. As part of the Crossrail programme the station is undergoing a number of improvement works, including platform extensions to accommodate the new 200 metre long Elizabeth line trains. The service is expected to open in 2020.

One of Maidenhead’s landmarks is Brunel’s famous Sounding Arch, a railway bridge that spans the river Thames, which also features in Turner’s painting “Rain, Steam and Speed”.

The riverside offers great walks towards the villages of Cookham, Marlow, Bray and Windsor and Eton. In Bray one can find three of Heston Blumenthal’s restaurants, including the Fat Duck, as well as Michel and Alain Roux’s brasserie Roux at Skindles.

Legoland Winsor Resort is a short 8 miles trip south of town whilst Windsor Great Park is about 11 miles away, both offering a fun day out for the whole family.

Due to its great transport links and close proximity to London residents also commute to the city to work or to nearby Reading and Slough. Some of Maidenhead’s local employers are Mattel, GlaxoSmithKline, Adobe Systems, Mintec Ltd, Hutchinson 3G UK, Alnylam UK, BlackBerry Europe (EMEA HQ), Maersk and Concur.

Sturt Green,

Maidenhead,

Windsor and Maidenhead,

England,

SL6 2JF

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

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