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1 Bed Flat For Sale Merton Road, Slough, SL1

£225,000- Flat

Yield: 4.71%
1 of 9
Yield: 4.71%
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  • Rental Guide: £825 - £885
  • 1 Bedroom(s)
  • Description
  • Street View
  • Maps

Key Features

  • Tenure: Leasehold
  • High Specification Interiors, Designed By Kelly Hoppen
  • Bay Windows & High Ceilings Creating Extra Space And Light.
  • Contemporary One Bedroom Apartment
  • Video Security Entry System
  • Designed With Urban Living In Mind
  • Gated Allocated Parking
Last Updated: 14th February 2020

Description

Contemporary larger than average one bedroom apartment, high specification interiors designed by Kelly Hoppen, video security entry system, bay windows and high ceilings can be found throughout creating extra space and light, designed with urban living in mind, close to town centre, gated allocated parking EER: C
Property Description
A modern one bedroom first floor apartment situated within walking distance of the High Street, 'outstanding' local schools, Slough bus and train station (Crossrail due 2021). The property offers contemporary accommodation with bay windows and high ceilings creating extra space and light. Finished to a high specification designed by 'Kelly Hoppen' and offering larger than average accommodation, an early internal viewing is highly recommended to appreciate all that this property has to offer.
EPC Rating: C

The accommodation comprises (all measurements approximate):-

Ground Floor

Communal Entrance
To the side of the property with video security entryphone system.
Communal Hallway
Carpeted, stairs to:-
First Floor
Front door to:-
Entrance Hall
Video security entryphone, storage cupboard, doors to:-
Living Room
Two double glazed bay windows, electric convector heater.
Kitchen
Range of wall and base level units with UrbnRok recycled Glasseco polished and sealed worksurfaces with inset sink and draining board with mixer taps over, built in electric oven and hob with cooker hood over, glass splashbacks, integrated dishwasher, integrated fridge, integrated freezer, cupboard housing hot water tank and plumbing for washing machine.
Bedroom
Double glazed bay window, electric convector heater, fitted wardrobes.
Bathroom
Suite comprising panel enclosed bath with main shower, vanity enclosed wash hand basin, shower cabinet with main shower, fully tiled walls and floor, chrome heated towel rail.
Outgoings
We understand the property is held on a lease with approximately 995 years remaining at a ground rent of £185 per half year. There is a variable service charge of, at present, £1,700 per annum. Any interested parties should confirm these details with their solicitor, prior to making a commitment to purchase.
VIEWING:
Via The Frost Partnership, 7 Mackenzie Street, Slough
Telephone:[use Contact Agent Button] [use Contact Agent Button]

AGENT'S NOTE
Mortgage Advice Bureau (MAB)
We are pleased to confirm that we offer you and all our clients the opportunity to consult with Mortgage Advice Bureau (MAB). They are one of the largest mortgage brokers in the country and provide specialist mortgage advice. They can search thousands of mortgage deals to find the right one for you and due to their size have exclusive rates from many lenders that cannot be found on the high street or anywhere else. MAB have won over 70 national awards for the quality of their advice and service during the last five years. It is your decision whether you choose to deal with MAB. Should you decide to use MAB, The Frost Partnership will receive a referral fee of £300 inclusive of VAT from MAB. You will not have to pay anything with regard to this to The Frost Partnership.

Home Legal Services (HLS)
We are pleased to confirm that we offer you and all our clients the opportunity to consult with Home Legal Services (HLS) for conveyancing services. HLS provide us with a panel of quality conveyancing solicitors who operate on a fixed fee and a no sale, no fee arrangement, with 24/7 online case reports keeping you up to date at all times. It is your decision whether you choose to deal with HLS. Should you decide to use HLS, The Frost Partnership will receive a referral fee of £250 inclusive of VAT from HLS. You will not have to pay anything with regard to this to The Frost Partnership.
Agent Details
The Frost Partnership
7, Mackenzie Street, Slough, SL1 1XQ
Show Contact Number
01753 820 000

Forecast Score

Based on data and factors which historcally influence property prices this property has an overall score as:

Data Classified:
This property has been partially classified.
4.3

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is not enough data available
0

Profitability

Very good rental demand in this area.
Compared to other property investments this gives a very poor return.
0

Interest Rates

Bank of England Base Rate:
0.1%
Current record low interest rates encourage house prices as it encourages people to borrow.
10

Mortgage Availability

Current moderate appetite for banks to lend mortgages will lead to steady house price growth.
5

Fiscal Policy

Stamp Duty:
£6750
9.3

Comparison with other investment alternatives

Investng in this property will give you a slightly better regular return when compared to other conservatve nvestments.
5

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

One&Only Pro are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Rental Data
1 bedroom properties in close proximity are mostly listed £825 - £883 – 8 recently listed properties were found in that band. However, the highest were £1,000, £1,000, £950.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested