2 Bed Flat, Single Let, Basingstoke, RG24 9TU, £175,000

Wylie Gardens, Basingstoke, Hampshire, RG24 9TU - 8 months ago

Leasehold
BTL
ROI: 7%
~76 m²
+4 photos

ValuationUndervalued

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

 

 

Square Metres

~76 m²
Price/m²£2.3K/m²

Value Estimate

£210,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£9,950

Total Cash In

£53,700

 

 

Cash Out

 

Rent Range

£950 - £1,500

Rent Estimate

£1,088

Running Costs/mo

£784

Cashflow/mo

£304

Cashflow/yr

£3,642

ROI

7%

Gross Yield

7%

Local Sold Prices

43 sold prices from £70K to £255K, average is £187K. £1.2K/m² to £43.5K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£184K12/200.01 mi25, Wylie Gardens, Basingstoke, Hampshire RG24 9TU2
£186K04/210.01 mi21, Wylie Gardens, Basingstoke, Hampshire RG24 9TU2
£190K12/200.01 mi13, Wylie Gardens, Basingstoke, Hampshire RG24 9TU2
£177K03/210.06 mi22, Edmund Court, Basingstoke, Hampshire RG24 9SZ2
£185K02/230.06 mi22, Edmund Court, Basingstoke, Hampshire RG24 9SZ2
£178K12/200.06 mi74, Edmund Court, Popley, Basingstoke, Hampshire RG24 9SZ2
£172.5K12/220.06 mi80, Edmund Court, Popley, Basingstoke, Hampshire RG24 9SZ2
£192.5K12/200.07 mi10, Tenzing Gardens, Popley, Basingstoke, Hampshire RG24 9TW2
£188.5K06/210.07 mi23, Tenzing Gardens, Popley, Basingstoke, Hampshire RG24 9TW2
£233K12/220.08 mi11, Tenzing Gardens, Basingstoke, Hampshire RG24 9TW2
£225K05/230.08 mi27, Mallory Road, Basingstoke, Hampshire RG24 9GB2
£199.9K12/220.09 mi50, Mallory Road, Basingstoke, Hampshire RG24 9GB2
£177K12/200.11 mi7, John Hunt Drive, Basingstoke, Hampshire RG24 9TX2
£180K12/220.12 mi11, Bourdillon Gardens, Basingstoke, Hampshire RG24 9GG2
£185K11/210.19 mi23, Tobago Close, Basingstoke, Hampshire RG24 9PX2
£179.9K03/210.23 mi67a, Falkland Road, Basingstoke, Hampshire RG24 9PJ2
£185K11/210.25 mi173, Pershore Road, Basingstoke, Hampshire RG24 9BG2
£167K09/210.36 mi5, Barrington Drive, Basingstoke, Hampshire RG24 9RS2
£165K12/200.36 mi14, Barrington Drive, Basingstoke, Hampshire RG24 9RS2
£165K12/200.37 mi79, Englefield Way, Basingstoke, Hampshire RG24 9SF2
£205K04/210.4 mi33, Warner Close, Basingstoke, Hampshire RG24 9RY2
£70K11/200.44 mi75 Aspire Place, Shetland Road, Basingstoke, Hampshire RG24 9WH2
£187K11/220.44 mi59 Aspire Place, Shetland Road, Basingstoke, Hampshire RG24 9WH2
£97.5K11/210.47 mi25, Egerton Drive, Basingstoke, Hampshire RG24 9FG2
£160K05/230.48 mi31, Banbury Way, Basingstoke, Hampshire RG24 9FR2
£168K06/210.48 mi35, Banbury Way, Basingstoke, Hampshire RG24 9FR2
£172.5K03/210.51 mi8, Pear Tree Way, Oakridge, Basingstoke, Hampshire RG21 5QE2
£255K11/220.53 mi4, Carter Drive, Basingstoke, Hampshire RG24 9UL2
£210K02/210.63 mi81, Stratfield Road, Basingstoke, Hampshire RG21 5RT2
£192.5K02/210.68 mi38, Upton Crescent, Basingstoke, Hampshire RG21 5SW2
£195K09/210.74 mi29, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£202K10/220.74 mi29, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£220K12/220.75 mi25, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£198K11/200.75 mi25, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£205K08/230.82 mi12, Norn Hill Close, Basingstoke, Hampshire RG21 4HF2
£200K02/230.88 miFlat 87, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£185K09/210.88 miFlat 63, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£186.5K02/230.88 miFlat 66, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£205K12/200.88 miFlat 58, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£205K04/230.88 miFlat 23, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£190K03/230.88 miFlat 73, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£200K07/230.88 miFlat 74, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£195K02/230.88 miFlat 80, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2

Local Rents

15 rents from £950/mo to £1.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,10007/240.08 miMallory Road2
£1,20011/240.08 mi-2
£1,20003/250.09 mi-2
£95002/250.23 mi-2
£1,25007/240.34 miAppleton Drive, Basingstoke, Hampshire, RG242
£1,30012/240.37 mi-2
£1,29503/250.41 mi-2
£1,05009/240.44 miShetland Road, Basingstoke2
£1,50007/240.45 mi-2
£1,35007/240.46 miWheeler Way, Basingstoke2
£1,30009/240.46 miWheeler Way, Basingstoke, RG242
£1,30007/240.47 miAppleton Drive, Basingstoke RG24 9RX2
£1,30007/240.48 miBanbury Way, Basingstoke2
£1,10007/240.52 miFaringdon Court, Marnel Park, Basingstoke, RG242
£1,30008/240.6 miScotney Road, Oakridge, Basingstoke, RG212

Local Area Statistics

Population in RG24

31,488

Population in Basingstoke

120,645

Town centre distance

1.86 miles away

Nearest school

0.20 miles away

Nearest train station

1.11 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Price changed to £175,000

March 28, 2025

Price changed to £170,000

March 20, 2025

Listed for £175,000

August 15, 2024

Floor Plans

Description

  • No Onward Chain +
  • Ensuite to Master Bedroom +
  • Corner Balcony +
  • Allocated Parking +
  • Close to local amenities +
  • Good transport links +

Romans are delighted to offer to the market this very well presented two double bedroom first floor apartment. The property provides convenient access to both Basingstoke town centre (mainline rail links) and A33 transport link to Reading.

Other benefits include ensuite to master bedroom, corner balcony, and allocated parking.

Council Tax band is C
Service Charge: £2,304 P/A
Ground Rent: £250.00 P/A
EPC is B

Early Viewings are highly recommended!!

Agent Details

Romans, Basingstoke

01256 638861

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪