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High Street, Slough

South East

£800,000
Listed on 02/01/2023

Property Details

Bedrooms
N/A
Type
Property

Description

Situated in the central area of Slough, this property boasts significant investment potential given its prime location along the High Street, just half a mile from Slough train station. The surrounding region offers excellent transport links to London and the Southeast, with further improvements expected with the upcoming Elizabeth Line. The site sits directly opposite the Observatory Shopping Centre, ensuring easy access to diverse retail and leisure activities.<br><br>This commercial building currently features a ground floor retail space operating as an Internet Cafe, generating an estimated rental income of approximately £45,000. The ground floor encompasses 600 sq ft, while the upper level consists of a dedicated three-bedroom flat complete with a reception area and bathroom, accessible through a private entrance.<br><br>The property presents notable development opportunities for expansion at the rear, with preliminary studies indicating the possibility to create 4-6 additional apartments, pending necessary planning approvals. With neighboring properties successfully extending and converting into residential units, this property is well-positioned for further development.

Investment Analysis

(SL1 area)
Area Average
£450/sq ft
Avg Rent (weekly)
£317
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (SL1)

Area prices are rising by +8.2% over the last 12 months
3 year growth: +11.1%
5 year growth: +16.9%
Investment Disclaimer: Analysis based on SL1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

High Street, Slough
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,885
Based on a loan of £600,000 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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