# 2 bedroom apartment for sale (SN1 2QU)

## Property Details

| Key | Value |
|-----|-------|
| Address | 29 FARRIERS CLOSE, SWINDON, SWINDON SN1 2QU |
| Price | £129,950 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | TBC |
| Construction age | England and Wales: 1991-1995 |
| Floor area | 53 m² |
| Last sold | £129,950 Dec 2024 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** C
- **Expiry date:** 08/02/2034
- **Current heating cost:** £402/year
- **Est. upgrade cost to C:** £655

### Recommendations
- Y (£585 - £725)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/7634-7722-5300-0231-4202)

## Description

A well presented two bedroom first floor apartment, just to the east of the Town Centre, close to local GP’s and shops/schools. The property has a fitted kitchen, bathroom with shower and a good sized living/dining room. The landlord has recently extended the lease to 157 years.

An attractive ‘Buy to Let’ opportunity or first home.

Farriers Close is situated to the East of Swindon, close to the large Tesco superstore.

There is a large living/dining room and a separate refitted kitchen with oven/hob and the main bedroom has built in wardrobes. There is a bathroom with shower.

Electric heating and uPVC double glazing. Two allocated parking spaces.

Length of lease: 157 years remaining.

Service Charge: £1280.00 p/a (figures supplied by owner)

Ground Rent: £62.50 per half year.

Strong yield of 6-7% expected. 

EPC Rating: C

Council Tax Band: B

## Property Photos

- ![Picture No. 01](/listings/photos/149059343/1051937) - Picture No. 01
- ![Picture No. 02](/listings/photos/149059343/1051938) - Picture No. 02
- ![Picture No. 03](/listings/photos/149059343/1051939) - Picture No. 03

## EPC Graphs

- ![EPC Rating Graph](/listings/photos/149059343/1051940) - EPC Rating Graph

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 29 FARRIERS CLOSE, SWINDON, SN1 2QU | £129,950 | 12/12/2024 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 65 FARRIERS CLOSE, SWINDON, SN1 2QX | £140,000 | 21/12/2022 | Flat |
| 111 COPSE AVENUE, SWINDON, SN1 2PW | £75,000 | 20/10/2022 | Flat |
| 27 EDDLESTON ROAD, SWINDON, SN1 2QR | £220,000 | 04/07/2022 | Flat |
| 57 FARRIERS CLOSE, SWINDON, SN1 2QX | £125,000 | 26/05/2022 | Flat |
| 63 FARRIERS CLOSE, SWINDON, SN1 2QX | £90,000 | 26/05/2022 | Flat |
| 67 FARRIERS CLOSE, SWINDON, SN1 2QX | £109,500 | 26/05/2022 | Flat |
| 107 COPSE AVENUE, SWINDON, SN1 2PW | £75,000 | 10/05/2022 | Flat |
| [Same street] 11 FARRIERS CLOSE, SWINDON, SN1 2QU | £110,000 | 18/03/2022 | Flat |
| 91 COPSE AVENUE, SWINDON, SN1 2PW | £99,995 | 24/09/2021 | Flat |

**Street average:** £110,000 (1 sale)
**Area average:** £116,812 (8 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £140,741 (34 Flat, SN1, 2024–2026)
- **Deviation:** -7.7%

## Rental Range

*ONS Price Index of Private Rents (Swindon). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £980/mo
- **Realistic:** £1,089/mo
- **Optimistic:** £1,198/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Swindon (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £783/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, Stratton Road, SN1 | £1,150/mo | 2 | 0.25 miles | OpenRent |

**Average rent: £1,150/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.88% (okay)
- **Max investor price (0.8%):** £143,750
- **Target investor price (1%):** £115,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,150/mo).*

- **Gross yield:** 10.6%
- **Cost-to-rent:** 9.4×
- **Monthly cashflow:** £498/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 15.9%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Price per Square Metre

- **£/m²:** £2,452/m²

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -9%
- **10y growth:** 21.5%

## House Price Index (HM Land Registry)

*Official index for Swindon; Flats and maisonettes series; as of April 2026.*

- **1y growth (index):** -1.8%
- **5y growth (index):** 6.6%
- **10y growth (index):** 20.9%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)