2-bedroom flat · SN1 4GJ
For saleListed 29 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
McFarlane Sales & Lettings are delighted to offer this spacious and well-presented first floor apartment in the popular area of Old Town.
Located within walking distance of local shops, schools and other amenities, this property briefly comprises an entrance hall, spacious open-plan living/dining room with modern fitted kitchen, master bedroom with en-suite, a second double bedroom and a modern family bathroom with shower over bath.
Further benefits include electric heating, secure fob entry system and off-road parking for one car.
An ideal opportunity for both first-time buyers and investors , the property is currently occupied by a tenant and can be offered to the market with tenant in situ .
The current rental income is £1,025 per calendar month , providing an annual rental income of £12,300 and a gross rental yield of approximately 9.11% based on the asking price of £135,000 .
This makes the property an attractive proposition for investors seeking an established rental income, while also offering potential appeal to first-time buyers looking to take their first step onto the property ladder.
Council Tax Band: C EPC Rating: B Leasehold: 125 years from 2006. Ground Rent £99 every 6 months. Service charge £1,548.00.
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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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Pasteur Drive, Swindon, SN1
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