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Studio for sale

£425,000 Guide price

Newport Street, Swindon SN1

Studio for sale
Interested in this property? Call +44 1249 799802 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • For Sale By Online Auction
  • Thursday 23rd May
  • Lot 07
  • Guide Price £425,000+

Property description

Lot 07

For sale by online auction


Thursday 23rd may 2024
guide price £425,000+

Attractive 3 storey investment property situated in a sought-after address and converted into 4 apartments currently fully let, producing £36,540 per annum.

With accommodation over 3 floors, providing 2 x 1 bedroom apartments on the ground floor, a 1 bedroom apartment on the first floor and a 2 bedroom maisonette over the first & second floors. The flats are in good order throughout and are all let on AST's.

There is parking at the rear with space for about 3/4 cars and the rear flat has use of a courtyard area and its own personal entrance.

Situation & Description

Attractive 3 storey investment property situated in a sought-after address and converted into 4 apartments currently fully let, producing £36,540 per annum.

The property is situated in a mixed residential/commercial area only a short distance from both the town centre and Old Town restaurants. Swindon is a large and expanding town with a wide range of shopping, entertainment and leisure facilities. There is a mainline railway station and access to the M4 motorway.

With accommodation over 3 floors, providing 2 x 1 bedroom apartments on the ground floor, a 1 bedroom apartment on the first floor and a 2 bedroom maisonette over the first & second floors. The flats are in good order throughout and are all let on AST's.

There is parking at the rear with space for about 3/4 cars and the rear flat has use of a courtyard area and its own personal entrance.

Viewings

To arrange a viewing, contact: Auction office on There will be numerous pre-arranged open house viewing slots lasting for 30 minutes and you can book in by contacting the Auctioneers.

If you have any concerns with viewings, please contact the relevant Strakers office and we would be happy to discuss them with you and hopefully put you at ease.

Online Auction

In order to bid at Strakers Online Auctions, you will first need to create an account by providing your contact details. You will be asked to read and accept our Online Auction Terms and Conditions. In order to bid online, you will be required to register a credit or debit card for the bidder security deposit. Strakers are required by law to carry out an online anti-money laundering check on all persons wishing to bid. In general terms, you are strongly advised to view the property and take professional advice as to its condition and suitability.

When the auction opens at 8am the day of the auction, you will be able to place bids in line with the pre-determined bid increment levels, using the bid increase (+) and decrease (-) buttons provided. It is recommended you check your web browser will allow you to bid in good time as some browsers' security can block the ability to bid. We recommend using Google Chrome when possible.

We offer property for sale by immediate, unconditional contract. This means that the fall of the electronic gavel constitutes an exchange of contracts between the buyer and seller. Both parties are legally bound to complete the transaction usually within 20 working days following the close of the auction but this will be confirmed within the legal documentation.

Legal Pack

You can download or pre-register for the legal packs via our website by using the ‘Menu’ at the top of the page and selecting ‘Auctions’, then ‘Current Auction’. This will produce a lot list. Find the lot of interest and click ‘View Legal Documents’. You will need to sign-up by entering your email address and creating a password the first time you use this, your log-in will stay valid for all of our future auctions. The legal pack may not be available straight away, but as long as you have registered to receive it you will be notified as soon as it is available.

Reserve & Guide Price

Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

+ Fees

If you are the successful bidder, you will then be asked to sign the auction contract and pay a 10% deposit and a buyers fee of £600 including VAT on any Lots purchased at or below £99,999 or £1,200 including VAT on any lots purchased at £100,000 or above.

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. All measurements and distances are approximate only. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

Property info

Property value data/graphs for SN1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £407,023 £266 3.8 £414,570
Semi-detached £308,706 £238 3.2 £325,117
Terraced £309,556 £228 2.7 £233,330
Flats £185,428 £227 1.7 £162,906

Current asking prices in SN1

Average: £251,319
Avg. current asking prices in SN1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £136,667
(3)
£232,913
(35)
£296,479
(49)
£405,241
(27)
£436,200
(10)
Flats £128,036
(49)
£143,186
(51)
- - -
All £128,534
(52)
£179,703
(86)
£296,479
(49)
£405,241
(27)
£436,200
(10)

Current asking rents in SN1

Average: £1,282 pcm
Avg. current asking prices in SN1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £613 pcm
(2)
£1,143 pcm
(8)
£1,545 pcm
(13)
- -
Flats £938 pcm
(27)
£1,924 pcm
(14)
- - -
All £915 pcm
(29)
£1,640 pcm
(22)
£1,545 pcm
(13)
- -

Fun facts for SN1

Highest value in SN1
Highest value streets Zed-Index
Field Rise £753,186
Westlecot Road £727,099
Tithe Barn Crescent £550,940
Croft Road £512,664
Galen View £457,611
Highest turnover in SN1
Highest turnover streets Turnover
Ewden Close 68.8%
Station Approach 54.5%
Dunsley Vale 52.0%
Cannon Street 50.0%
Kingshill Road 41.2%
Arrange Viewing

For more information about this property, please contact
Strakers - Chippenham (Sales & Auctions), SN15 on +44 1249 799802 * (local rate)

Monthly running costs Beta

£1,884 Monthly total

Mortgage

Purchase price
Deposit (10%) 42,500
Repayment term 25
Interest rate 2.0
Your payment £1,621 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Contents value up to £80,000 Average insurance cost £4/mo (£47/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £16 Electricity £30 Estimated energy cost £46/mo

Similar properties could save up to £146

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 5700 kWh/year
Electricity: 2000 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Swindon

Estimated tax band E Council tax cost £194 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £9 Sewerage £10 Estimated water cost £19 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Strakers - Chippenham (Sales & Auctions) about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Strakers - Chippenham (Sales & Auctions), and do not constitute property particulars. Please contact Strakers - Chippenham (Sales & Auctions) for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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