Moovahome Ltd. says ..
Moovahome offer to the market a unique investment opportunity. Located in the sought after Bath Road in the heart of Old Town, Swindon, this established, licenced HMO is offered for sale fully tenanted. With added investment, Moovahome believe a uplift of 25% to the rental can be easily achiev...
Property Oracle says ..
The property is located in Old Town, Swindon, a historically significant area with a mix of period and modern properties. The proximity to King William Street Church of England Primary School (0.19 KM), Lethbridge Primary School (0.30 KM), and The Commonweal School (0.84 KM), all with good Ofsted ratings, is a positive factor for families. Swindon railway station is also relatively close (1.53 KM), providing convenient access to other parts of the country. However, the plot size is listed as 0.00 SQFT, suggesting a lack of private outdoor space, which may be a drawback for some buyers.
Based on the images, the property appears to be a period property in need of some modernisation. Whilst the property has some character features, several rooms show signs of wear and tear. The bathrooms and kitchens appear dated and could benefit from updating. The overall condition is not poor, but it is not in excellent condition either.
The list price of £700,000 for a 2,615.63 SQFT property works out to approximately £267 per SQFT. This is significantly higher than the average price per SQFT in the area (£348.00). Considering the property’s condition and lack of land, the asking price appears high in comparison to other properties in the area. Nearby properties of similar types show a lower price per square foot. For example, several semi-detached houses on Bath Road are listed for significantly less.
The property is a House of Multiple Occupation (HMO) which will impact the type of buyer. The high number of bedrooms and bathrooms may appeal to investors or those looking for a large family home. However, the need for renovation and the high price point may limit the pool of potential buyers.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 4
- Condition
- 6
- Location
- 7
- Land
- 1
- Bedrooms
- 8
- Bathrooms
- 8
- Sqft (est)
- 2,615.63
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 364,023.00 £Increased by 8.60 %
- Est sale value
- 1,077,639.56 £Increased by 57.25 %
- Average area rental value
- 1,137.00 £/moDecreased by 2.15 %
- Est letting value
- 2,615.63 £/mo
- Est rental Yield
- 3.75 %Decreased by 9.86 %
- Crime Rate
- 2.00 %Unchanged by 0.00 %
Agent Activity
Moovahome Ltd. created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| King William Street Church Of England Primary School | Academy Converter | Good | 0.19 KM |
| Lethbridge Primary School | Academy Converter | Good | 0.30 KM |
| Holy Rood Catholic Primary School | Academy Converter | Requires improvement | 0.69 KM |
| The Commonweal School | Academy Converter | Good | 0.84 KM |
| The Croft Primary School | Academy Sponsor Led | Outstanding | 0.89 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Bow Court | £ 0 | 0 | 0.00 KM |
| The Mews | £ 0 | 0 | 0.00 KM |
| Queensbury House | £ 140,000 | 0 | 0.00 KM |
| Acril Court | £ 0 | 0 | 0.00 KM |
| Blackberry Alley | £ 240,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Swindon (Wilts) | 3333 | SWI | 1.53 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Bath Road, Swindon, SN1 4AU | £ 700,000 | BUY | 4 / 10 | 0.00 KM |
| Bath Road, Old Town, Swindon, Wiltshire, SN1 | £ 169,995 | BUY | 6 / 10 | 0.05 KM |
| Eastcott Road, Old Town, Swindon, Wiltshire, SN1 | £ 199,950 | BUY | 5 / 10 | 0.07 KM |
| Bath Road, Old Town, Swindon, Wiltshire, SN1 | £ 900,000 | BUY | 6 / 10 | 0.08 KM |
| Bath Road, Old Town, Swindon, Wiltshire, SN1 | £ 550,000 | BUY | 5 / 10 | 0.10 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 63 Bath Road | £ 550,000 | 0.00 KM |
| 53 Bath Road | £ 460,000 | 0.00 KM |
| 57 Bath Road | £ 600,000 | 0.00 KM |
| 51 Bath Road | £ 345,000 | 0.00 KM |
| 55 Eastcott Road | £ 54,000 | 0.09 KM |