Swindon, SN25 2LT | Investment Property for Sale | VES-SN25-001

Opportunity to purchase an apartment in Swindon generating £9,000 rent pa and a gross yield of 5.6%

£160,000

Apartment

VES-SN25-001

INITIAL INVESTMENT

£48,000

GROSS RENT

£9,000

GROSS YIELD

5.6%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£175

SERVICE CHARGE

£1,417

2 bedrooms

2 bathrooms

1 reception room

725

Unfurnished

Leasehold information

  • Length of lease: 99 years
  • Year lease started: 2007

Property information

  • Located on the 1st floor
  • Open plan lounge/diner
  • Master bedroom has an ensuite
  • EPC rating C

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.

About Swindon

Swindon

  • Swindon is situated midway between Bristol (35 miles to the west) and Reading (35 miles to the east) and London is 71 miles to the east.
  • Swindon has a great location and connectivity, a legacy of fast growth and boundless enthusiasm. Its existing business base is one of the most impressive in the UK and companies that are hungry for growth and success are thriving in Swindon.

Property

  • Swindon has some of the South’s best ‘house price to earnings’ ratios: Swindon 6.4% versus Bristol (8.2%), Reading (8.5%) or Oxford (11.7%)
  • Average property prices in Swindon have increased 1% on average over the last 12 months and are £247,000. This varies by property type and size from £118,000 for a 1-bed flat to £490,000 for a 5-bed detached property. On average, there are 663 sales per month and price per sq. ft is £253.
  • Average rent is £764 pcm (£9,168 pa) which has seen a 10% increase over the last 12-month average. Over the last 12 months, there have been on average 363 new listings per month.
  • 16.6% of Swindon people are in rented accommodation and that figure is set to grow over the next decade.

Population

  • In the 2011 census, the population of the built-up area of Swindon was 185,609 and the larger borough had a population of 209,000 which was an increase of just over 16% in ten years.
  • Today, it’s a growing population of 222,000, with 1.9 million people living within 1 hour of Swindon (a ready-made market for labour, retail and leisure)
  • Swindon’s population is growing fast – four times the English average over the last four decades
  • 82% of graduates are in a high-skilled occupation 4th best in the UK

Business / Economy

  • Swindon has one of the most impressive, diverse business networks in the UK, with the headquarters of many internationally renowned companies including Honda, BMW/Mini, Intel, Nationwide, RWE Npower, and WHSmith, to name but a few.
  • Insurance and financial services companies such as Nationwide Building Society and Zurich Financial Services, along with banks such as Barclays, Natwest, HSBC, Lloyds TSB and Handelsbanken all have a commercial presence here.
  • Nationally recognised in pharmaceuticals, banking and professional services, automotive and advanced engineering and the digital economy contributing to a thriving business base of 8,600 companies.

Schools

  • Swindon has 61 primary, 12 secondary, 6 special and 1 independent schools, alongside 2 colleges in its catchment area.
  • 91% of schools rated good/outstanding in 2016
  • 12 universities are located within 1 hour; 5 of which are in the UK’s top 10 for accounting, finance, economics and mathematics

Connectivity

  • Swindon has benefited from significant investment in road and rail transport links.
  • It provides access to five major cities, numerous international transport hubs and to the motorway system through two significantly enhanced junctions.
  • Be in London, Oxford, Bath, Bristol and Cardiff and Heathrow and Gatwick Airports within an hour
  • The railway line electrification project will further reduce journey times to London and London Heathrow to 45 minutes, making Swindon an even stronger investment proposition.

Marbeck Close,

Blunsdon Saint Andrew,

Swindon,

Swindon,

England,

SN25 2LT

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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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