Guide price
£285,000
2 bed block of flats for saleVictoria Road, Old Town, Swindon SN1
2 beds
2 baths
2 receptions
Freehold
About this property
Ideal investment opportunity
Freehold
Parking
Tenants in situ
A well-positioned freehold residential investment located within a popular rental area of Swindon. The property is fully let and offers an immediate, stable income stream, making it an attractive option for investors seeking a straightforward, income-producing asset.
The property comprises two self-contained residential flats, both currently tenanted, producing a combined monthly rental income of £1,800:
174a Victoria Road – £925 pcm
174b Victoria Road – £875 pcm
Total Rent Roll: £21,600 per annum
The property is being sold freehold with tenants in situ, allowing for instant income from completion.
The asset further benefits from two rear parking bays, a valuable feature for this location, particularly within Swindon / Old Town where parking is at a premium.
There is also potential to extend into the loft space (subject to planning), creating a two-bedroom unit within the first-floor apartment. This offers a clear opportunity to enhance both rental income and overall asset value.
Location
Victoria Road is a well-established residential area with a consistent track record of rental demand. The property benefits from close proximity to Swindon town centre, local amenities, and strong transport links, making it appealing to a broad tenant base. The area continues to perform well due to its accessibility and affordability, supporting long-term occupancy and future rental growth.
The property comprises two self-contained residential flats, both currently tenanted, producing a combined monthly rental income of £1,800:
174a Victoria Road – £925 pcm
174b Victoria Road – £875 pcm
Total Rent Roll: £21,600 per annum
The property is being sold freehold with tenants in situ, allowing for instant income from completion.
The asset further benefits from two rear parking bays, a valuable feature for this location, particularly within Swindon / Old Town where parking is at a premium.
There is also potential to extend into the loft space (subject to planning), creating a two-bedroom unit within the first-floor apartment. This offers a clear opportunity to enhance both rental income and overall asset value.
Location
Victoria Road is a well-established residential area with a consistent track record of rental demand. The property benefits from close proximity to Swindon town centre, local amenities, and strong transport links, making it appealing to a broad tenant base. The area continues to perform well due to its accessibility and affordability, supporting long-term occupancy and future rental growth.
Mortgage calculator
Monthly repayment
£1,425 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
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