2 Bed Flat, Single Let, Basingstoke, RG21 7TN, £185,000

Alencon Link, Basingstoke, RG21 7TN - 6 views - 9 months ago

Leasehold
BTL
ROI: 9%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£98.5K - £256K
Sold Prices/m²£1.9K/m² - £4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.7K/m²

Value Estimate

£219,713
BMV19%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£6,750

Total Cash In

£53,000

 

 

Cash Out

 

Rent Range

£950 - £1,550

Rent Estimate

£1,250

Running Costs/mo

£848

Cashflow/mo

£402

Cashflow/yr

£4,823

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £98.5K to £256K, average is £200K. £1.9K/m² to £4K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£200K07/230.34 miFlat 7, Lauriston Court, London Road, Basingstoke, Hampshire RG21 4BB2
£98.5K07/210.34 miFlat 6, Lauriston Court, London Road, Basingstoke, Hampshire RG21 4BB2
£175K04/230.34 mi147, Winterthur Way, Basingstoke, Hampshire RG21 7UE2
£200K02/230.36 miFlat 87, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£185K09/210.36 miFlat 63, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£186.5K02/230.37 miFlat 66, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£205K12/200.37 miFlat 58, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£205K04/230.37 miFlat 23, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£190K03/230.37 miFlat 73, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£200K07/230.37 miFlat 74, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£195K02/230.37 miFlat 80, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£222K08/230.37 mi328, Winterthur Way, Basingstoke, Hampshire RG21 7UQ2
£200K03/210.37 mi368, Winterthur Way, Basingstoke, Hampshire RG21 7UQ2
£205K08/230.42 mi12, Norn Hill Close, Basingstoke, Hampshire RG21 4HF2
£200K12/200.43 mi174, Sinclair Drive, Basingstoke, Hampshire RG21 6AE2
£180K05/230.44 mi481, Winterthur Way, Basingstoke, Hampshire RG21 7UW2
£120K04/210.44 mi2, Rayleigh Road, Basingstoke, Hampshire RG21 7TJ2
£256K05/230.44 miUpper Flat, 22, Rayleigh Road, Basingstoke, Hampshire RG21 7TH2
£220K12/220.49 mi25, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£198K11/200.49 mi25, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£195K09/210.51 mi29, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£202K10/220.51 mi29, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£216K08/230.55 mi12c, Beaconsfield Road, Basingstoke, Hampshire RG21 3DP2
£225K11/200.55 mi12b, Beaconsfield Road, Basingstoke, Hampshire RG21 3DP2
£200K11/210.6 mi7, Hillstead Court, Basingstoke, Hampshire RG21 3PT2
£193.3K04/210.6 mi11, Hillstead Court, Basingstoke, Hampshire RG21 3PT2
£229.7K06/210.62 mi13, Montague Place, Basingstoke, Hampshire RG21 3DS2
£218K10/210.62 mi105, Penrith Road, Basingstoke, Hampshire RG21 8UR2
£212.5K12/200.62 mi82, Penrith Road, Basingstoke, Hampshire RG21 8UR2
£212K11/220.63 mi17, Millennium Court, Basingstoke, Hampshire RG21 7RA2
£172.5K03/210.66 mi8, Pear Tree Way, Oakridge, Basingstoke, Hampshire RG21 5QE2
£192.5K02/210.66 mi38, Upton Crescent, Basingstoke, Hampshire RG21 5SW2
£222K02/230.69 mi6, Wilton Place, Basingstoke, Hampshire RG21 7UD2
£220K02/210.7 mi9, Devonshire Place, Basingstoke, Hampshire RG21 8UU2
£229K04/210.7 mi10, Devonshire Place, Basingstoke, Hampshire RG21 8UU2
£199.9K11/220.71 mi23, Sylvia Close, Basingstoke, Hampshire RG21 3ND2
£190K04/210.71 mi17, Sylvia Close, Basingstoke, Hampshire RG21 3ND2
£183.5K02/210.71 mi45, Sylvia Close, Basingstoke, Hampshire RG21 3ND2
£185K01/230.73 mi31, Russell Road, Basingstoke, Hampshire RG21 3EU2
£200K02/210.73 mi52, Russell Road, Basingstoke, Hampshire RG21 3EU2
£210K01/230.73 mi39, Russell Road, Basingstoke, Hampshire RG21 3EU2
£224K05/230.73 mi24, Russell Road, Basingstoke, Hampshire RG21 3EU2
£185K12/220.73 mi34, Russell Road, Basingstoke, Hampshire RG21 3EU2
£225K02/230.73 mi44, Russell Road, Basingstoke, Hampshire RG21 3EU2
£177.5K01/210.76 mi11, Lawrence Dale Court, Basingstoke, Hampshire RG21 8FP2
£188K01/210.77 mi14, Millennium Court, Basingstoke, Hampshire RG21 7RA2
£245K06/230.77 mi12, Millennium Court, Basingstoke, Hampshire RG21 7RA2
£250K12/220.77 mi21, Millennium Court, Basingstoke, Hampshire RG21 7RA2
£210K02/210.77 mi81, Stratfield Road, Basingstoke, Hampshire RG21 5RT2
£203K02/210.85 mi161a, Winchester Road, Basingstoke, Hampshire RG21 8YF2

Local Rents

50 rents from £950/mo to £1.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,25007/240 miAlencon Link, Basingstoke, Hampshire, RG212
£1,17507/240 miCrown Heights, Basingstoke, RG212
£1,20007/240 miCrown Heights, Basingstoke2
£1,35004/250 mi-2
£1,25007/240 miAlencon Link, Basingstoke, Hampshire, RG212
£1,30007/240.02 mi-2
£1,35003/250.02 mi-2
£1,27506/240.02 mi-2
£97504/250.02 mi-2
£1,25007/240.02 mi-2
£1,30007/240.03 miCrown Heights, Alencon Link, Basingstoke2
£1,30008/240.03 miAlencon Link, BASINGSTOKE2
£1,35007/240.03 mi-2
£1,20008/240.03 miCrown Heights2
£1,20007/240.04 mi-2
£1,25008/240.04 mi-2
£1,25007/240.04 miCrown Heights, Basingstoke2
£1,50008/240.04 miCrown Heights, Alencon Link, Basingstoke, RG212
£1,20007/240.04 miCrown Heights, Alencon Link2
£1,42507/240.04 miAlencon Link, Basingstoke2
£1,42507/240.04 miAlencon Link, Basingstoke2
£1,29507/240.04 miSkyline Plaza, Alencon Link2
£1,40007/240.04 miSkyline Plaza, Alencon Link2
£1,42507/240.04 miAlencon Link, Basingstoke2
£95010/230.04 miSkyline Plaza2
£1,35007/240.04 miTown Centre, Basingstoke2
£1,25011/230.04 mi-2
£1,25007/240.04 miSkyline Plaza2
£1,55007/240.04 miNormandy House, Alencon Link2
£1,52507/240.04 miNormandy House, Alencon Link2
£1,42507/240.04 miNormandy House, Alencon Link2
£1,42507/240.04 miNormandy House, Alencon Link2
£1,42507/240.04 miNormandy House, Alencon Link2
£1,40007/240.04 miNormandy House, Alencon Link2
£1,40007/240.04 miNormandy House, Alencon Link2
£1,42508/240.04 miNormandy House, Alencon Link2
£1,42508/240.04 miNormandy House, Alencon Link2
£1,30007/240.04 miNormandy House, Alencon Link2
£1,55007/240.04 miAlencon Link, Basingstoke2
£1,40007/240.04 miAlencon Link, Basingstoke2
£1,52507/240.04 miAlencon Link, Basingstoke2
£1,42507/240.04 miAlencon Link, Basingstoke2
£1,42507/240.04 miAlencon Link, Basingstoke2
£1,30007/240.04 miAlencon Link, Basingstoke2
£1,42507/240.04 miAlencon Link, Basingstoke2
£1,42507/240.04 miAlencon Link, Basingstoke2
£1,42508/240.04 miAlencon Link, Basingstoke2
£1,42508/240.04 miAlencon Link, Basingstoke2
£1,40007/240.04 miAlencon Link, Basingstoke2
£1,30007/240.05 miSkyline Plaza RG212

Local Area Statistics

Population in RG21

26,623

Population in Basingstoke

120,645

Town centre distance

1.10 miles away

Nearest school

0.50 miles away

Nearest train station

0.10 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Listed for £185,000

July 17, 2024

Floor Plans

Description

  • Fully Refurbished Second Floor Apartment +
  • Two Double Bedrooms +
  • Modern Fitted Kitchen +
  • Open Plan Lounge Diner +
  • Balcony with Space for Outdoor Seating +
  • En-suite & Family Bathroom +
  • Allocated Parking Space +
  • Town Centre Location +

SUMMARY
This lovely two bedroom second floor apartment is situated in the centre of Basingstoke. The property features an open plan lounge diner, fitted kitchen, family bathroom, en-suite, balcony and an allocated parking space.

DESCRIPTION
Offered to the market is this fully refurbished second floor home in the popular development of Crown Heights. This stunning apartment comprises of a long entrance hallway with cupboard space, a spacious lounge diner which is open to a modern fitted kitchen, two double bedrooms, contemporary family bathroom and an en-suite to the first bedroom. The property additionally benefits from a balcony with space for outdoor seating and an allocated parking space.

Located within the Town Centre of Basingstoke, the building is within walking distance to the Festival Place Shopping Centre, mainline Train Station to London Waterloo and Bus Station. The town centre offers a variety of shops, including restaurants, bars, convenience stores, supermarkets as well as entertainment facilities such as a Vue Cinema. The M3, A33 and A339 are all easily accessible via car, offering plenty of travel links. The property also benefits from being within close proximity of a number of parks, providing opportunity for walks and fresh air.

Entrance Hall 
Airing cupboard, storage cupboard and doors to:

Lounge Diner  19' 6" max x 11' max ( 5.94m max x 3.35m max )
Floor to ceiling double glazed window to side aspect, double glazed door to balcony and open to:

Kitchen 9' 7" max x 5' 9" max ( 2.92m max x 1.75m max )
Work surfaces with cupboards and drawers under and cupboards over, stainless steel sink with drain and mixer tap, fitted four ring induction hob with electric oven under and extractor hood over, space for upright fridge freezer, space for washing machine and double glazed window to side aspect.

Bedroom One  15' 1" max x 11' 5" max ( 4.60m max x 3.48m max )
Double glazed window to side aspect, double glazed door to balcony, built in wardrobe and door to:

En-Suite  
Walk in shower cubicle, low level WC, vanity wash hand basin and towel rail.

Bedroom Two  12' 2" max x 8' 3" max ( 3.71m max x 2.51m max )
Double glazed window to side aspect.

Bathroom 
Panel enclosed bath with shower over, low level WC, vanity wash hand basin and towel rail.

Outside 

Balcony 
Laid to artificial lawn with space for outdoor seating.

Parking 
The property benefits from an allocated parking space.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Basingstoke

01256 679188

Next Steps?

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