Hillside Slough, Slough, SL1

For Sale OIRO £155,000

1 1 1
60 years left on the lease. Purpose built. Total 2 storeys. This flat is on the first floor. 1 Bedroom. Kitchen/reception room combined. 1 bathroom. Small communal garden. Gas central heating throughout.

Year built 1985. Gross internal area 33 sqm.

Purchase price £160,000
Lease extension £18,000 for additional 99 years so the newly extended lease will be 159 years. We can help with mortgage finance with a lender who is willing to lend on short leases with a view to simultaneous lease extension upon completion.

GDV once lease extended £185 - £190K. We can supply a redacted copy of a mortgage valuation report dated July 2017. This report confirmed the price with a short lease at £165,000. Once the lease is extended the GDV was £180,000 - £185,000 in 2017.

£25 pa ground rent
£360 pa service charge

Currently tenanted for £825 per month. The current agent takes £60 PCM for management.

The property is located with good access to local type facilities and amenities as it is close to Slough Town Centre.

The property is set on a residential road that has plenty of parking and is a one-way road. The location is ideal for anyone needing to be near Slough Station which is a 10 minute walk away and the High Street as well.

The average price for property in SL1 2RN stood at £332,146 in May 2021. This is a rise of 2.04% in the last three months (since February 2021) and rise of 12.65% since 12 months ago. In terms of property types, flats in SL1 2RN sold for an average of £250,636 and terraced houses for £222,876. This is according to the current Zoopla estimates.

  • Short lease
  • Slough Town Centre
  • Tenanted
  • Vacant possession can be arranged.
  • Maisonette
  • £25 pa ground rent
  • £0 service charge
EPC Graph for Hillside Slough, Slough

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