We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom flat · SN2 2EX
Sold STCListed 296 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
"A VERY SPACIOUS THREE BEDROOM APARTMENT WHICH IS WITHIN KING HOUSE WHICH FORMS THE CENTRAL COURTYARD OF THE RAILWAY QUARTER DEVELOPMENT BUILT BY THOMAS HOMES IN 2017".
This flat has a proven track record at £1100.00 pcm with endless numbers of tenants wanting to rent these desirable apartments.
Not withstanding the investment/rental business model it is also a very pleasant place to live being very central and within walking distance of the Outlet Village and the railway Station.
Within the building is a lift and stairs to the central concourse/mezzanine/communal gardens. The secure parking space is on the ground floor.
The apartment itself is accessed via a communal entrance hallway and is on the same level as the concourse hence no further stairs to access it.
The accommodation comprises l-shape reception hallway, open plan sitting room/kitchen with integral appliances, three good size bedrooms and an en-suite shower room plus family bathroom.
Heating is the new version of more energy efficient electric wall mounted panel heaters which have timers and thermostats. Secure allocated parking space and bin store.
Extensive mezzanine concourse with communal gardens and benches. WE OFFER THIS PROPERTY WITH NO CHAIN. FURTHER INTERIOR PHOTOS TO BE ADDED SHORTLY. LONG LEASEHOLD.
Service charges just reduced to c.£2k pa
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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
FAQ
About Fire Fly Avenue, Swindon, Wiltshire, SN2
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