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50 Wellington Terrace, Slough SL1 1 bed flat for sale
50 Wellington Terrace, Slough SL1
£160,000
50 Wellington Terrace, Slough SL1
£160,000
Our Summary
- We are excited to present this tenanted investment opportunity in Slough * High Yielding Opportunity ** Verona Apartments, 50, Flat 9, Wellington Street, Slough SL1 1YL previously sold for £245,000, 22 - 24, Flat 5, Wexham Road, Slough SL1 1UB previously sold for £ 250,000 *For rental purposes, the property is currently tenanted at £1100p/m (£ 13,200 per annum)
- Sure to appeal to shrewd investors looking for an easily lettable, turnkey investment opportunity in an excellent location
- Property is located near a whole host of local amenities including many popular coffee shops, bars, delicatessens and restaurants - *PRIME LOCATION*Prime New Entry: Discounted tenanted investment opportunity in Slough
- This property is offered at a fantastic price to ensure an Auction sale
- The property will feature in our upcoming timed online auction
- To participate in the live auction, you must have a bidding account created
- We are excited to present this tenanted investment opportunity in Slough * High Yielding Opportunity *
- We are excited to present this tenanted investment opportunity in Slough *** High Yielding Opportunity ***
Description
This tenanted investment property in Slough is a high-yielding opportunity that is currently rented out for £1,100 per month, generating a gross yield of £13,200 per annum. The property is located in a prime area with a range of local amenities, including coffee shops, bars, and restaurants, and is close to transport links and the town center. The property comprises one bedroom, kitchen, living area, bathroom, and ample storage space, making it an easily lettable and turnkey investment opportunity. The local area has shown strong sales evidence, with similar properties previously selling for £245,000 and £250,000. The guide price for this property is £160,000, and it is expected to generate a gross yield of £15,600 to £16,800 per annum if rented out at a higher rate of £1,300 to £1,400 per month. The property is open to immediate offers and will feature in an upcoming timed online auction.