1-bedroom flat · SN2 8AB
Listing removedListed 227 days
Opportunity summary
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About
Swindon Homes are pleased to offer for sale this very 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.
Communal Entrance - Secure phone entry system for communal entrance from Cricklade Road, stairs to all floors, door to post room and carpark.
There is also a lift to all floors with access via the secure carpark.
Entrance Hall - External fire door from communal corridor, airing cupboard housing immersion heater, fire doors to bedroom and bathroom, wall mounted electric heater.
Lounge / Kitchen - 4.78m x 3.28m (15'8" x 10'9") - Double Glazed window to side aspect, wall mounted heater, door to storage cupboard.
Kitchen area with a selection of units at both eye and base level, integrated electric hob with oven under and extractor over, stainless steel sink unit with mixer tap over, space and plumbing for washing machine, space for fridge freezer.
Bathroom - 1.83m x 1.70m (6'92 x 5'7") - A white suite comprising WC, pedestal wash basin, panelled bath with shower over, shower screen, wall mounted electric heater, ceiling extractor fan.
Bedroom - 3.20m x 3.28m (10'6" x 10'9") - uPVC window to front aspect, wall mounted electric heater. Parking - There is an allocated parking space in the ground floor secure carpark.
Lease Details - Term 999 years from 1st July 2004, Ground rent charge £150 per annum.
Management Company: Cricklade Management Company Ltd, 15 Windsor Road, Swindon, SN3 1JP Total Management Cost £1453.81 per annum.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Thomas Edward Coard, Gorse Hill, Swindon
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