Cricklade Road, Swindon
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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Key features
- Immediate income – Tenanted with zero arrears
- Strong yields – 7.86% gross / 6.8% net, above national BTL average
- Share of freehold included – Greater control & added security
- 992-year lease – Virtually no lease extension liability
- Zero ground rent – No escalating costs, mortgage lender friendly
- Low service charge – Just £1,560 p.a., keeping outgoings minimal
Description
We are pleased to present this excellent income-producing buy-to-let investment opportunity, currently tenanted and generating a reliable rental income in a sought-after residential location in Swindon.
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FINANCIAL SUMMARY
Asking Price £145,000
Service Charge £1,560 per annum
Ground Rent Zero
Gross Yield 7.86%
Net Yield 6.8%
Rental Arrears None
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TENURE & LEGAL
• Tenure: Leasehold - 992 years remaining
• Share of Freehold: Included - offering exceptional security of ownership
• Ground Rent: Peppercorn / Zero- no escalating ground rent liability
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KEY INVESTMENT HIGHLIGHTS
• Immediate rental income - property is currently tenanted at £950 pcm with no arrears, providing a seamless income from day one
• Strong investment returns - delivering a gross yield of 7.86% and a net yield of 6.79%, well above the national buy-to-let average
• Share of freehold included - a significant added value, giving the purchaser a stake in the building and greater control over management decisions
• 992-year lease - virtually freehold in practical terms; no lease extension costs anticipated for generations
• Zero ground rent - no ground rent exposure, fully compliant with current legislation and highly attractive to mortgage lenders
• Low service charge - at just £1,560 per annum, ongoing outgoings are modest and well-managed
• Clean financial history - no rental arrears, reflecting a responsible tenancy and well-maintained asset
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LOCATION
Cricklade Road is a well-established residential corridor in north Swindon, benefiting from excellent transport links, local amenities, and proximity to the town centre. Swindon continues to attract strong rental demand, underpinned by major employers and ongoing regeneration investment in the area.
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SUMMARY
This property represents a straightforward, low-risk investment with an established income stream, exceptional leasehold security, and minimal ongoing liabilities. At an asking price of £145,000 and delivering a net yield of 6.8%, it is well suited to both experienced portfolio landlords and first-time buy-to-let investors.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Cricklade Road, Swindon
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Visit our security centre to find out moreDisclaimer - Property reference 14 St Pauls Court. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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