Loan #627534 Swindon, SN12BD, United Kingdom

Property location
1 Station Road Swinden SN1 2BD United Kingdom

Executive Summary

This 1 bedroom flat in Swindon has been purchased at an auction via a pre-auction offer. Due to personal circumstances, the current landlord required a fast sale.

The 1 bed property is in a popular part of Swindon and comes tenanted with additional rental income from an ajoining garage. The property requires works to the roof as well as internal cosmetic works which we are confident will significantly increase the properties value.

Prime location points:

  • Swindon station (8 min walk)
  • New Amazon warehouse (12 min drive)
  • Intel and Nationwide offices a 7-minute drive
  • Popular Designer outlet 4-minute drive
  • City centre 4-minute drive away
  • Hospital is a 9-minute drive
  • Local supermarket is a 4-minute drive
  • The area is voted as one of the safest places to live in the UK

Swindon is a large town in Wiltshire in the South West of England and is tucked between Bristol and Reading. It enjoys great connections to Oxford and Bath via the nearby M4. Being just 78 miles from London makes it a fantastic commuter town which has led to a significant rise in high income earners moving into the area to take advantage of its access to the stunning Cotswold countryside. Big businesses like Dyson, Intel and Nationwide are also based in this fast growing town.

Investing FAQ
Loan terms summary
  • Interest per annum 10.00%
  • Fully repaid 87,000.00 raised
  • Risk class i
  • Expires Closed
  • Target amount €87,000.00
  • Profit share 0.00%
  • Term 9 Months
  • Payment frequency 1 months
  • Loan purpose Buy-to-rent
  • Type Bullet i
  • Mortgage rank First Rank
  • Total Loan Cover (TLC) 120.7%
  • Loan To Value (LTV) 76.9% i
  • Location
    United Kingdom
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