2 Bed Flat, Single Let, Basingstoke, RG24 9RT, £185,000

9 Penton Way, Basingstoke, Hampshire, RG24 9RT - a year ago

Sold STC

Leasehold

BTL

ROI: 4%

54 m²

+2 photos

ValuationOvervalued

Sold Prices	£70K - £255K
Sold Prices/m²	£1.2K/m² - £43.5K/m²

Square Metres	53.94 m²
Price/m²	£3.4K/m²
Value Estimate	£164,517£164,517

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£46,250£46,250
Stamp Duty & Legal Fees	£6,750£6,750
Total Cash In	£53,000£53,000

Cash Out
Rent Range	£950 - £1,350£950 - £1,350
Rent Estimate	£984
Running Costs/mo	£795£795
Cashflow/mo	£189£189
Cashflow/yr	£2,269£2,269
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

30 sold prices from £70K to £255K, average is £184.5K. £1.2K/m² to £43.5K/m², average is £3.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£205K	04/21	0.03 mi	33, Warner Close, Basingstoke, Hampshire RG24 9RY	£4,853	42	2	Flat
£167K	09/21	0.05 mi	5, Barrington Drive, Basingstoke, Hampshire RG24 9RS	£3,131	53	2	Flat
£165K	12/20	0.05 mi	14, Barrington Drive, Basingstoke, Hampshire RG24 9RS	£3,113	53	2	Flat
£97.5K	11/21	0.1 mi	25, Egerton Drive, Basingstoke, Hampshire RG24 9FG	£1,773	55	2	Flat
£165K	12/20	0.16 mi	79, Englefield Way, Basingstoke, Hampshire RG24 9SF	£3,587	46	2	Flat
£255K	11/22	0.29 mi	4, Carter Drive, Basingstoke, Hampshire RG24 9UL	£43,515	6	2	Flat
£179.9K	03/21	0.29 mi	67a, Falkland Road, Basingstoke, Hampshire RG24 9PJ	£3,050	59	2	Flat
£185K	11/21	0.3 mi	23, Tobago Close, Basingstoke, Hampshire RG24 9PX	£2,846	65	2	Flat
£233K	12/22	0.38 mi	11, Tenzing Gardens, Basingstoke, Hampshire RG24 9TW	£3,847	61	2	Flat
£192.5K	12/20	0.39 mi	10, Tenzing Gardens, Popley, Basingstoke, Hampshire RG24 9TW	£3,178	61	2	Flat
£188.5K	06/21	0.39 mi	23, Tenzing Gardens, Popley, Basingstoke, Hampshire RG24 9TW	£3,112	61	2	Flat
£184K	12/20	0.41 mi	25, Wylie Gardens, Basingstoke, Hampshire RG24 9TU	£3,016	61	2	Flat
£186K	04/21	0.41 mi	21, Wylie Gardens, Basingstoke, Hampshire RG24 9TU	£3,049	61	2	Flat
£190K	12/20	0.41 mi	13, Wylie Gardens, Basingstoke, Hampshire RG24 9TU	-	-	2	Flat
£160K	05/23	0.42 mi	31, Banbury Way, Basingstoke, Hampshire RG24 9FR	£2,963	54	2	Flat
£168K	06/21	0.42 mi	35, Banbury Way, Basingstoke, Hampshire RG24 9FR	-	-	2	Flat
£177K	12/20	0.43 mi	7, John Hunt Drive, Basingstoke, Hampshire RG24 9TX	£2,818	63	2	Flat
£177K	03/21	0.44 mi	22, Edmund Court, Basingstoke, Hampshire RG24 9SZ	£3,161	56	2	Flat
£185K	02/23	0.44 mi	22, Edmund Court, Basingstoke, Hampshire RG24 9SZ	£3,304	56	2	Flat
£178K	12/20	0.44 mi	74, Edmund Court, Popley, Basingstoke, Hampshire RG24 9SZ	£3,490	51	2	Flat
£172.5K	12/22	0.44 mi	80, Edmund Court, Popley, Basingstoke, Hampshire RG24 9SZ	£2,924	59	2	Flat
£225K	05/23	0.49 mi	27, Mallory Road, Basingstoke, Hampshire RG24 9GB	£2,961	76	2	Flat
£199.9K	12/22	0.49 mi	50, Mallory Road, Basingstoke, Hampshire RG24 9GB	£3,174	63	2	Flat
£180K	12/22	0.5 mi	11, Bourdillon Gardens, Basingstoke, Hampshire RG24 9GG	£3,214	56	2	Flat
£185K	11/21	0.54 mi	173, Pershore Road, Basingstoke, Hampshire RG24 9BG	£2,891	64	2	Flat
£187K	11/22	0.76 mi	59 Aspire Place, Shetland Road, Basingstoke, Hampshire RG24 9WH	£3,169	59	2	Flat
£70K	11/20	0.76 mi	75 Aspire Place, Shetland Road, Basingstoke, Hampshire RG24 9WH	£1,207	58	2	Flat
£210K	02/21	0.84 mi	81, Stratfield Road, Basingstoke, Hampshire RG21 5RT	£2,877	73	2	Flat
£172.5K	03/21	0.9 mi	8, Pear Tree Way, Oakridge, Basingstoke, Hampshire RG21 5QE	£2,782	62	2	Flat
£192.5K	02/21	0.93 mi	38, Upton Crescent, Basingstoke, Hampshire RG21 5SW	£2,615	74	2	Flat

Local Rents

12 rents from £950/mo to £1.4K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,295	03/25	0 mi	-	2	Flat
£1,300	12/24	0.09 mi	-	2	Terraced House
£1,250	07/24	0.13 mi	Appleton Drive, Basingstoke, Hampshire, RG24	2	Flat
£1,300	07/24	0.14 mi	Appleton Drive, Basingstoke RG24 9RX	2	Terraced House
£1,350	07/24	0.3 mi	Wheeler Way, Basingstoke	2	Flat
£1,300	09/24	0.3 mi	Wheeler Way, Basingstoke, RG24	2	Terraced House
£1,300	07/24	0.41 mi	Banbury Way, Basingstoke	2	Flat
£1,100	07/24	0.42 mi	Faringdon Court, Marnel Park, Basingstoke, RG24	2	Flat
£950	02/25	0.44 mi	-	2	Flat
£1,200	03/25	0.47 mi	-	2	Flat
£1,200	11/24	0.47 mi	-	2	Flat
£1,100	07/24	0.49 mi	Mallory Road	2	Flat

Local Area Statistics

Population in RG24	31,48831,488
Population in Basingstoke	120,645120,645
Town centre distance	2.06 miles away2.06 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	1.46 miles away1.46 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+34%+34%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+9%+9%

Property History

Listed for £185,000

April 2, 2024

Sold for £150,000

2014

Sold for £160,000

2007

Floor Plans

Description

SECOND FLOOR +
ALLOCATED PARKING +
RECENTLY REFURBISHED THROUGHOUT +
DESIRABLE LOCATION +
OPEN PLAN KITCHEN/LOUNGE/DINER +
JULIET BALCONY +
CLOSE TO EXCELLENT LOCAL AMENITIES +
NO ONWARD CHAIN +

*NO ONWARD CHAIN-RECENTLY REFURBISHED*
A well presented two bedroom second floor flat located on the popular development of Marnel Park, a short drive to Basingstoke town and hospital. Accommodation comprises lounge/dining room which has a JULIET BALCONY with open plan kitchen which comes with integrated appliances. Furthermore there are two double bedrooms, the master bedroom which comes with built in wardrobes and a second bedroom as well which is a good size as well, there is also a family bathroom with shower and ALLOCATED PARKING.

Lease Remaining - 132 years remaining
Ground Rent - £166 per annum
Service Charges - £1700 per annum