2 Bed Flat, Single Let, Basingstoke, RG24 9FW, £215,000

Hines Court, Basingstoke, Hampshire, RG24 9FW - 3 views - a year ago

Sold STC
Leasehold
BTL
ROI: 5%
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£97.5K - £256K
Sold Prices/m²£1.8K/m² - £43.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£210,111

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£7,650

Total Cash In

£61,400

 

 

Cash Out

 

Rent Range

£1,100 - £1,500

Rent Estimate

£1,200

Running Costs/mo

£932

Cashflow/mo

£268

Cashflow/yr

£3,218

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £97.5K to £256K, average is £195.3K. £1.8K/m² to £43.5K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£199.9K09/210.05 mi9, Idsworth Court, Basingstoke, Hampshire RG24 9RR2
£203K10/210.09 mi30, Watertower Way, Basingstoke, Hampshire RG24 9RF2
£200K03/210.11 mi54, Northbrook Crescent, Basingstoke, Hampshire RG24 9RB2
£205K05/210.12 mi39, Greenlands Road, Basingstoke, Hampshire RG24 9RD2
£206K11/210.12 mi34, Greenlands Road, Basingstoke, Hampshire RG24 9RD2
£212.5K03/230.12 mi22, Greenlands Road, Basingstoke, Hampshire RG24 9RD2
£230K02/230.3 mi6, Pillar Box Gardens, Basingstoke, Hampshire RG24 9TB2
£200K09/210.56 mi3, St Catherine Road, Basingstoke, Hampshire RG24 9XG2
£192K04/230.86 mi9, Ludlow Gardens, Basingstoke, Hampshire RG23 8QP2
£235K09/221 mi2, June Drive, Basingstoke, Hampshire RG23 8BL2
£212K11/221.05 mi17, Millennium Court, Basingstoke, Hampshire RG21 7RA2
£210K02/211.11 mi81, Stratfield Road, Basingstoke, Hampshire RG21 5RT2
£192.5K02/211.17 mi38, Upton Crescent, Basingstoke, Hampshire RG21 5SW2
£160K05/231.17 mi31, Banbury Way, Basingstoke, Hampshire RG24 9FR2
£168K06/211.17 mi35, Banbury Way, Basingstoke, Hampshire RG24 9FR2
£188K01/211.19 mi14, Millennium Court, Basingstoke, Hampshire RG21 7RA2
£245K06/231.19 mi12, Millennium Court, Basingstoke, Hampshire RG21 7RA2
£250K12/221.19 mi21, Millennium Court, Basingstoke, Hampshire RG21 7RA2
£245K04/231.22 mi274a, Old Worting Road, Basingstoke, Hampshire RG22 6PD2
£255K11/221.28 mi4, Carter Drive, Basingstoke, Hampshire RG24 9UL2
£180K05/231.29 mi481, Winterthur Way, Basingstoke, Hampshire RG21 7UW2
£175K03/231.32 mi122, St Peters Road, South Ham, Basingstoke, Hampshire RG22 6TG2
£200K12/201.34 mi174, Sinclair Drive, Basingstoke, Hampshire RG21 6AE2
£222K08/231.35 mi328, Winterthur Way, Basingstoke, Hampshire RG21 7UQ2
£200K03/211.35 mi368, Winterthur Way, Basingstoke, Hampshire RG21 7UQ2
£175K10/221.36 mi35, Margaret Road, Basingstoke, Hampshire RG22 6PU2
£175K04/231.38 mi147, Winterthur Way, Basingstoke, Hampshire RG21 7UE2
£222K02/231.39 mi6, Wilton Place, Basingstoke, Hampshire RG21 7UD2
£199K05/221.4 miFlat 2, Hazebrouck Court, Glebe Lane, Worting, Basingstoke, Hampshire RG23 8QA2
£185K11/211.4 mi173, Pershore Road, Basingstoke, Hampshire RG24 9BG2
£165K12/201.41 mi79, Englefield Way, Basingstoke, Hampshire RG24 9SF2
£198K06/211.42 mi44, Western Way, Basingstoke, Hampshire RG22 6DB2
£177.5K01/211.42 mi11, Lawrence Dale Court, Basingstoke, Hampshire RG21 8FP2
£256K05/231.44 miUpper Flat, 22, Rayleigh Road, Basingstoke, Hampshire RG21 7TH2
£185K11/211.45 mi23, Tobago Close, Basingstoke, Hampshire RG24 9PX2
£97.5K11/211.48 mi25, Egerton Drive, Basingstoke, Hampshire RG24 9FG2
£120K04/211.49 mi2, Rayleigh Road, Basingstoke, Hampshire RG21 7TJ2
£162.5K01/211.49 mi32, St Michaels Road, Basingstoke, Hampshire RG22 6TW2
£177K12/201.5 mi7, John Hunt Drive, Basingstoke, Hampshire RG24 9TX2
£185K04/211.5 mi3, St Andrews Road, Basingstoke, Hampshire RG22 6PS2
£209K03/231.5 mi3, St Andrews Road, Basingstoke, Hampshire RG22 6PS2
£233K12/221.53 mi11, Tenzing Gardens, Basingstoke, Hampshire RG24 9TW2
£192.5K12/201.54 mi10, Tenzing Gardens, Popley, Basingstoke, Hampshire RG24 9TW2
£188.5K06/211.54 mi23, Tenzing Gardens, Popley, Basingstoke, Hampshire RG24 9TW2
£167K09/211.57 mi5, Barrington Drive, Basingstoke, Hampshire RG24 9RS2
£165K12/201.57 mi14, Barrington Drive, Basingstoke, Hampshire RG24 9RS2
£205K04/211.59 mi33, Warner Close, Basingstoke, Hampshire RG24 9RY2
£184K12/201.6 mi25, Wylie Gardens, Basingstoke, Hampshire RG24 9TU2
£186K04/211.6 mi21, Wylie Gardens, Basingstoke, Hampshire RG24 9TU2
£190K12/201.6 mi13, Wylie Gardens, Basingstoke, Hampshire RG24 9TU2

Local Rents

50 rents from £1.1K/mo to £1.5K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30004/250 mi-2
£1,10007/240.05 miIdsworth Court, Basingstoke2
£1,20008/240.06 miIdsworth Court, Basingstoke, RG24 9RR2
£1,29504/250.06 mi-2
£1,35009/240.07 mi-2
£1,30007/240.08 miWatertower Way, Basingstoke2
£1,40009/240.08 miWatertower Way, Basingstoke2
£1,39507/240.09 miWatertower Way, Basingstoke, Hampshire, RG242
£1,35004/250.11 mi-2
£1,35007/240.11 mi-2
£1,35009/240.11 mi-2
£1,32504/250.11 mi-2
£1,25009/240.12 miEaster Square, BASINGSTOKE2
£1,35009/240.12 mi-2
£1,35007/240.12 miHollies Court, Basingstoke, RG242
£1,35008/240.12 miHollies Court, Basingstoke, RG242
£1,35012/240.12 mi-2
£1,35009/240.12 miCanadian Way, Basingstoke, Hampshire, RG242
£1,29007/240.12 mi-2
£1,45009/240.13 miElder Road, Basingstoke, RG242
£1,37510/240.13 mi-2
£1,27507/240.13 mi-2
£1,27507/240.13 miElder Road, Basingstoke, RG242
£1,45008/240.13 miWatertower Way, Basingstoke, Hampshire, RG242
£1,40007/240.14 miLimes Park2
£1,25010/240.16 mi-2
£1,30007/240.16 miOld Barn Mews, BASINGSTOKE2
£1,25008/240.16 miAtkins House Peggs Way, Basingstoke, Hampshire, RG242
£1,25008/240.16 miAtkins House Peggs Way, Basingstoke, Hampshire, RG242
£1,25008/240.16 miAtkins House Peggs Way, Basingstoke, Hampshire, RG242
£1,35007/240.18 mi-2
£1,35007/240.18 miVitellius Gardens, Basingstoke, RG242
£1,37507/240.18 miHighpath Way, Basingstoke2
£1,35007/240.18 miBasswood Drive, Basingstoke, Hampshire, RG242
£1,25007/240.2 mi Darley House, Rooksdown Avenue2
£1,50008/240.24 miJulius Close, Basingstoke2
£1,45009/240.25 miJulius Close, Basingstoke2
£1,39004/250.31 mi-2
£1,20007/240.31 mi-2
£1,34501/250.32 mi-2
£1,30008/240.35 miLimes Park, Basingstoke, Hampshire2
£1,20001/250.35 mi-2
£1,46007/240.46 miSpringfield House, Ashwood Park2
£1,44007/240.46 miAshwood Park, Ashwood Way2
£1,50007/240.46 miSpringfield House, Ashwood Way2
£1,40008/240.46 miAshwood Park, Ashwood Way2
£1,40007/240.49 miElmwood Way, Winklebury, Basingstoke, RG232
£1,29507/240.51 miPriestley Road, BASINGSTOKE2
£1,20007/240.51 miPriestley Road, Basingstoke2
£1,20008/240.52 miPriestley Road, Basingstoke, RG242

Local Area Statistics

Population in RG24

31,488

Population in Basingstoke

120,645

Town centre distance

1.15 miles away

Nearest school

0.40 miles away

Nearest train station

1.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £215,000

January 22, 2024

Floor Plans

Description

  • NO ONWARD CHAIN +
  • Would suit investment buyer +
  • Close to hospital +
  • Allocated parking +
  • Gas radiator central heating +
  • Separate kitchen +

EweMove - Offered with no onward chain is this spacious, immaculately presented and fully renovated ground floor apartment, situated within the desirable Rooksdown Development. The extremely well proportioned accommodation comprises impressive entrance hallway, living room, separate kitchen, master bedroom with full ensuite bathroom, further double bedroom and bathroom. The property is fully double glazed, has a brand new gas central heating and allocated parking. The property has been rented since 2019 and would ideally suit an investor buyer. Communal door with entry intercom to communal hall, front door to:
ENTRANCE HALLWAY. An impressive feature of the property extending to 21'4" (6.50m) with radiator, wood laminate flooring, wall mounted entry phone, airing cupboard with slatted shelving and brand new combi boiler, built in storage cupboard.
LIVING ROOM. 14'8" x 12'3" (4.47m x 3.73m) Double glazed window. Wood laminate flooring, TV points, phone point, central heating thermostat.
KITCHEN. 10'2" x 7'8" (3.10m x 2.34m) Double glazed window. Fitted range of units at floor and eye level with matching drawers, work surfaces and tiled backs, single drainer one and a half bowl stainless steel sink unit with mixer tap, brushed steel oven and gas hob with extractor hood over, spaces and plumbing for washing machine and dishwasher, space for fridge/freezer, radiator.
MASTER BEDROOM. 13'7" x 9'6" (4.14m x 2.90m) Dual aspect double glazed windows. Fitted double wardrobe, radiator, door to:
ENSUITE BATHROOM. Frosted double glazed window. White suite comprising panel enclosed bath with mixer tap, shower unit and bifolding screen, pedestal wash basin with mixer tap, low-level WC, part tiled walls, radiator, extractor fan, shaver point.
BEDROOM TWO. 13'4" x 9'6" max (4.06m x 2.90m) Dual aspect double glazed windows. Radiator.
BATHROOM. Frosted double glazed window. White suite comprising panel enclosed bath with mixer tap, pedestal wash basin with mixer tap. Low-level WC, part tiled walls, radiator, extractor fan, shaver point.
OUTSIDE
ALLOCATED PARKING. One space located directly in front of the flat, further guest space alongside. NOTES FROM SELLER: Maintenance is currently £2290.768 per annum but the overall amount for the building can vary and that flat pays 12.1019% of that pot according to the lease. Ground rent is 2 payments of £117.55 (1st April and 1st Oct each year). It is reviewed by RPI on 1st January 2037. Term: 125 years from 2007.

Agent Details

EweMove, Basingstoke

01256 637273

Next Steps?

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