Slough, SL1 2DA | Investment Property for Sale | VES-SL1-001

Opportunity to purchase an apartment in Slough generating £9,600 rent pa and a gross yield of 4.6%

£210,000

Apartment

VES-SL1-001

INITIAL INVESTMENT

£95,400

GROSS RENT / YIELD

£9,600 / 4.6%

NET RENT / YIELD

£5,724 / 2.7%

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The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£250

SERVICE CHARGE

£1,400

1 bedroom

1 bathroom

1 reception room

389

Partially Furnished

Leasehold information

  • Length of lease: 160 years
  • Year lease started: 2019

Property information

  • Ground floor flat
  • Open plan living/kitchen/dining area
  • Property is fully let & managed by a third party
  • EPC rating D

Tenancy

RENT

£9,600 p.a. / £800 pcm

TENANCY DEPOSIT

£1,200

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

9 months ago

TENANCY AGREEMENT ENDS

1/17/2022

Floorplans

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

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

Financials

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Rental Income

GROSS RENT PER ANNUM

£9,600

Equivalent of £800 per calendar month (PCM).

GROSS RENTAL YIELD

4.6%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£5,724

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

2.7%

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

FULLY MANAGED OPERATING COSTS

£3,876

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 Slough, Berkshire

Slough is a large town in Berkshire, England, 20 miles (32 km) west of central London and 17 miles (27 km) north-east of Reading, in the Thames Valley at the intersection of the M4, M40 and M25 motorways. Slough had a population of 164,000 in 2017. The Elizabeth line is expected to allow faster journeys to central London.

With house price growth significantly outpacing London, unemployment levels at a third of the national average, and £450m regeneration plan make it a commuter and investor hotspot.

Hundreds of major companies have sited in Slough Trading Estate over the years, with its proximity to London Heathrow Airport and good motorway connections being attractive.

It’s also, as it happens, the most productive urban area in Britain.

According to the Centre for Cities' 2019 Cities Outlook report, Slough's GVA per worker – a rough measure of how much economic activity every worker in the area was responsible for – stood at £82,000. The average across all cities in Great Britain was just £57,000. Even London only managed £80,000.

Slough has the highest concentration of global corporate HQs outside London. Slough Trading Estate is the largest industrial estate in single private ownership in Europe with over 17,000 jobs in 400 businesses. Blackberry, O2, Mars, McAfee, Burger King and Lego have head offices in the town.

Slough was named top in a survey of the 25 best towns and cities to live and work in, beating Manchester and Cambridge in the top three. It is hailed as a "prime spot" for jobs, cost of living and worker satisfaction in research by jobs site Glassdoor.

Slough is near London, Heathrow Airport, Uxbridge, Maidenhead and Staines and the town is a travel hub. Many people from Slough work in nearby towns and cities such as Windsor, Reading, London and Bracknell, and there are large passenger movements in the morning and evening rush hours.

Slough is served by Great Western Railway stations at Burnham, Slough and Langley. Slough station is a junction between the Great Western Main Line and the Slough to Windsor & Eton Line.

Great Western Railway operate services to Reading every half an hour which take 20 minutes and express services to London every half an hour which take 17 minutes. Slough will have services on the Elizabeth line, a new railway line across central London due to open in December 2019.

The Western Rail Approach to Heathrow is a £500m rail project announced by the Department for Transport; Network Rail announced the route in 2014. It will directly serve Slough with four trains every hour, reducing travel times to Heathrow to six minutes. It is expected to be operational in the early 2020s.

Upton Park,

Slough,

Slough,

England,

SL1 2DA

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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.

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