2 Bed Flat, Single Let, Basingstoke, RG21 7PQ, £165,000

The Danes, RG21 7PQ - 3 views - 8 months ago

Sold STC
Leasehold
BTL
ROI: 11%
~68 m²
+2 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.4K/m²

Value Estimate

£202,950
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£6,150

Total Cash In

£47,400

 

 

Cash Out

 

Rent Range

£950 - £2,900

Rent Estimate

£1,197

Running Costs/mo

£775

Cashflow/mo

£422

Cashflow/yr

£5,064

ROI

11%

Gross Yield

9%

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 
£200K07/230.13 miFlat 7, Lauriston Court, London Road, Basingstoke, Hampshire RG21 4BB2
£98.5K07/210.13 miFlat 6, Lauriston Court, London Road, Basingstoke, Hampshire RG21 4BB2
£216K08/230.39 mi12c, Beaconsfield Road, Basingstoke, Hampshire RG21 3DP2
£225K11/200.39 mi12b, Beaconsfield Road, Basingstoke, Hampshire RG21 3DP2
£200K11/210.41 mi7, Hillstead Court, Basingstoke, Hampshire RG21 3PT2
£193.3K04/210.41 mi11, Hillstead Court, Basingstoke, Hampshire RG21 3PT2
£229.7K06/210.44 mi13, Montague Place, Basingstoke, Hampshire RG21 3DS2
£175K04/230.45 mi147, Winterthur Way, Basingstoke, Hampshire RG21 7UE2
£120K04/210.46 mi2, Rayleigh Road, Basingstoke, Hampshire RG21 7TJ2
£200K02/230.48 miFlat 87, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£185K09/210.48 miFlat 63, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£186.5K02/230.48 miFlat 66, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£205K12/200.48 miFlat 58, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£205K04/230.48 miFlat 23, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£190K03/230.48 miFlat 73, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£200K07/230.48 miFlat 74, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£195K02/230.48 miFlat 80, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£256K05/230.48 miUpper Flat, 22, Rayleigh Road, Basingstoke, Hampshire RG21 7TH2
£222K08/230.49 mi328, Winterthur Way, Basingstoke, Hampshire RG21 7UQ2
£200K03/210.49 mi368, Winterthur Way, Basingstoke, Hampshire RG21 7UQ2
£200K12/200.52 mi174, Sinclair Drive, Basingstoke, Hampshire RG21 6AE2
£205K08/230.53 mi12, Norn Hill Close, Basingstoke, Hampshire RG21 4HF2
£185K01/230.54 mi31, Russell Road, Basingstoke, Hampshire RG21 3EU2
£200K02/210.54 mi52, Russell Road, Basingstoke, Hampshire RG21 3EU2
£210K01/230.54 mi39, Russell Road, Basingstoke, Hampshire RG21 3EU2
£224K05/230.54 mi24, Russell Road, Basingstoke, Hampshire RG21 3EU2
£185K12/220.54 mi34, Russell Road, Basingstoke, Hampshire RG21 3EU2
£225K02/230.54 mi44, Russell Road, Basingstoke, Hampshire RG21 3EU2
£180K05/230.55 mi481, Winterthur Way, Basingstoke, Hampshire RG21 7UW2
£218K10/210.57 mi105, Penrith Road, Basingstoke, Hampshire RG21 8UR2
£212.5K12/200.57 mi82, Penrith Road, Basingstoke, Hampshire RG21 8UR2
£199.9K11/220.59 mi23, Sylvia Close, Basingstoke, Hampshire RG21 3ND2
£190K04/210.59 mi17, Sylvia Close, Basingstoke, Hampshire RG21 3ND2
£183.5K02/210.59 mi45, Sylvia Close, Basingstoke, Hampshire RG21 3ND2
£220K12/220.61 mi25, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£198K11/200.61 mi25, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£195K09/210.63 mi29, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£202K10/220.63 mi29, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£220K02/210.64 mi9, Devonshire Place, Basingstoke, Hampshire RG21 8UU2
£229K04/210.64 mi10, Devonshire Place, Basingstoke, Hampshire RG21 8UU2
£222K02/230.71 mi6, Wilton Place, Basingstoke, Hampshire RG21 7UD2
£177.5K01/210.77 mi11, Lawrence Dale Court, Basingstoke, Hampshire RG21 8FP2
£203K02/210.78 mi161a, Winchester Road, Basingstoke, Hampshire RG21 8YF2
£212K11/220.78 mi17, Millennium Court, Basingstoke, Hampshire RG21 7RA2
£172.5K03/210.82 mi8, Pear Tree Way, Oakridge, Basingstoke, Hampshire RG21 5QE2
£188K01/210.84 mi14, Millennium Court, Basingstoke, Hampshire RG21 7RA2
£245K06/230.84 mi12, Millennium Court, Basingstoke, Hampshire RG21 7RA2
£250K12/220.84 mi21, Millennium Court, Basingstoke, Hampshire RG21 7RA2
£192.5K02/210.87 mi38, Upton Crescent, Basingstoke, Hampshire RG21 5SW2
£207K11/200.98 mi69, Skippetts Gardens, Basingstoke, Hampshire RG21 3FB2

Local Rents

49 rents from £950/mo to £2.9K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20007/240.02 miThe Danes, Basingstoke RG212
£1,05007/240.02 mi-2
£1,75007/240.08 miChurchill Way, Basingstoke, RG212
£2,25002/250.08 mi-2
£2,15004/250.08 mi-2
£2,90008/240.08 mi-2
£1,59507/240.09 miChurchill Place, Churchill Way, Basingstoke, Hampshire, RG212
£1,50008/240.1 miChurchill Place, Churchill Way, Basingstoke, RG212
£1,35008/240.11 miNew Road, Basingstoke2
£1,25007/240.11 miTown Centre, RG212
£1,25007/240.11 miFestival Apartments, Basingstoke RG212
£1,10007/240.11 miNew Road, Basingstoke2
£1,30008/240.13 miLondon Road, Basingstoke2
£1,35007/240.15 miAlencon Link, Basingstoke, RG212
£1,25007/240.17 miCrown Heights, Basingstoke2
£1,50008/240.17 miCrown Heights, Alencon Link, Basingstoke, RG212
£1,20007/240.17 miCrown Heights, Alencon Link2
£1,20007/240.17 mi-2
£1,25008/240.17 mi-2
£1,20008/240.17 miCrown Heights2
£1,30007/240.17 miSkyline Plaza RG212
£2,20004/250.18 mi-2
£1,25007/240.18 miSkyline Plaza2
£1,25007/240.18 mi-2
£1,42507/240.19 miAlencon Link, Basingstoke2
£1,42507/240.19 miAlencon Link, Basingstoke2
£1,29507/240.19 miSkyline Plaza, Alencon Link2
£1,40007/240.19 miSkyline Plaza, Alencon Link2
£1,42507/240.19 miAlencon Link, Basingstoke2
£95010/230.19 miSkyline Plaza2
£1,49507/240.19 miFlat 1, 10 London Street, London Street, Basingstoke, Hampshire, RG212
£1,25011/230.19 mi-2
£1,30007/240.19 mi-2
£1,35003/250.19 mi-2
£1,35007/240.2 miTown Centre, Basingstoke2
£2,90009/240.2 mi-2
£1,50010/230.2 miChurch Street, Basingstoke, Hampshire, RG212
£1,25007/240.21 miAlencon Link, Basingstoke, Hampshire, RG212
£1,35004/250.21 mi-2
£1,25007/240.21 miAlencon Link, Basingstoke, Hampshire, RG212
£1,17507/240.21 miCrown Heights, Basingstoke, RG212
£1,20007/240.21 miCrown Heights, Basingstoke2
£1,30007/240.21 miCrown Heights, Alencon Link, Basingstoke2
£1,30008/240.21 miAlencon Link, BASINGSTOKE2
£97504/250.21 mi-2
£1,27506/240.22 mi-2
£1,42507/240.23 miAlencon Link, Basingstoke2
£1,42507/240.23 miAlencon Link, Basingstoke2
£1,42508/240.23 miAlencon Link, Basingstoke2

Local Area Statistics

Population in RG21

26,623

Population in Basingstoke

120,645

Town centre distance

1.16 miles away

Nearest school

0.30 miles away

Nearest train station

0.29 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Listed for £165,000

September 2, 2024

Floor Plans

Description

  • Two Bedrooms +
  • Good Size Lounge +
  • Separate Kitchen +
  • Gas Central Heating +
  • Double Glazing +
  • Allocated Parking +
  • NO ONWARD CHAIN +

A Top floor split level apartment located in the heart of the town centre. The property has a separate kitchen, downstairs cloakroom, double glazing and gas central heating. The property has a good size lounge and comes with allocated parking for one car.  

COMMUNAL ENTRANCE Stairs to second floor (no lift) 

FRONT DOOR TO  

ENTRANCE HALL Two storage cupboards 

CLOAKROOM Low level w.c, wall hung sink unit with tiled splash back. 

LOUNGE/DINER 14' 7" x 11' 9" (4.5m x 3.6m) Double glazed window and door to Juliette balcony, radiator and laminate flooring 

KITCHEN 8' 6" x 6' 0" (2.6m x 1.8m) Front aspect window, a range of eye and base level storage units with rolled edge work surfaces, integrated oven, four ring gas hob with extractor hood over, plumbing for a washing machine, space for a fridge/freezer and tiled floor. 

 

FIRST FLOOR LANDING Boiler cupboard with combi boiler.  

BEDROOM 1 12' 4" x 11' 10" (3.8m x 3.6m) Double glazed window, double wardrobe with cupboard above and laminate flooring.  

BEDROOM 2 11' 8" x 9' 9" (3.6m x 3.0m) Double glazed window, double wardrobe with cupboard above and laminate flooring. 

BATHROOM Panelled enclosed bath with mixer taps with shower attachment, pedestal wash hand basin, radiator and skylight window.  

PARKING Allocated parking for one car. 

LEASE INFORMATION Tenure: Leasehold,

Lease Details:
999 years from 25th March 1976 - so 951 years remaining
Ground rent is £25 annually, fixed for the Term of the Lease
Service charge is £1,572.56 annually

Council Tax Band: B
Basingstoke and Deane
EPC Rating: C

Agent Details

Martin & Co, Basingstoke

01256 633940

Next Steps?

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