1-bedroom flat · SN2 8AB
To rentReduced £25 (−2.9%) on 21 OctListed 24 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Swindon Homes are pleased to offer for rent this well presented one bedroom, second floor flat in the popular Thomas Edward Coard building in Gorse Hill, Swindon.
The accommodation comprises: Communal entrance with stairs and lift to all floors, apartment entrance hall, open plan living room/ kitchen, bathroom and double bedroom.
The flat is all electric heating and water heating and allocated secure parking.
The property is close to local shops in Gorse Hill and bus routes and also close to the railway station, bus station with easy access to town centre.
Entrance Hall Airing cupboard, intercom system, doors to rooms, door to communal hallway Lounge/ Kitchen (5.02 x 4.99 into 3.18 (16'5" x 16'4" into 10'5")) UPVC double glazed window to side, two wall mounted electric heaters, built in storage cupboard, open plan to kitchen area : Kitchen comprising of low level and eye level cupboards with adoining worksurfaces, stainless steel sink drainer unit, built in electric hob, oven with overhead extractor fan, plumbing for washing machine, part vinyl flooring Bedroom (3.30 x 3.18 (10'9" x 10'5")) UPVC double glazed window to side, wall mounted electric heater Bathroom (2.06 x 1.72 (6'9" x 5'7")) Extractor fan, fan assisted electric heater, w.c, sink, bath tub with shower over, part tiled walls, vinyl flooring, wall light with electric shaver point Parking One allocated parking space in block underneath flats Leasehold Cricklade Road Management service charge £1782.60 per year paid in 10 monthly payments.
Management charge £150 per year. 999 year lease, as if the block will still be standing. We have had the flat since 2004.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About 25, Thomas Edward Coard, Cricklade Road, Swindon
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