2 Bed Flat, Public Notice, Basingstoke, RG24 9GB, £150,000

7 Mallory Road, Basingstoke RG24 9GB - 2 views - 8 months ago

Leasehold
BTL
ROI: 10%
61 m²
+5 photos

ValuationUndervalued

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

 

 

Square Metres

61 m²
Price/m²£2.5K/m²

Value Estimate

£183,000
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£46,200

 

 

Cash Out

 

Rent Range

£950 - £1,500

Rent Estimate

£1,100

Running Costs/mo

£709

Cashflow/mo

£391

Cashflow/yr

£4,695

ROI

10%

Gross Yield

9%

Local Sold Prices

44 sold prices from £70K to £255K, average is £187.8K. £1.2K/m² to £43.5K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£225K05/230 mi27, Mallory Road, Basingstoke, Hampshire RG24 9GB2
£199.9K12/220.01 mi50, Mallory Road, Basingstoke, Hampshire RG24 9GB2
£177K03/210.07 mi22, Edmund Court, Basingstoke, Hampshire RG24 9SZ2
£185K02/230.07 mi22, Edmund Court, Basingstoke, Hampshire RG24 9SZ2
£178K12/200.07 mi74, Edmund Court, Popley, Basingstoke, Hampshire RG24 9SZ2
£172.5K12/220.07 mi80, Edmund Court, Popley, Basingstoke, Hampshire RG24 9SZ2
£180K12/220.07 mi11, Bourdillon Gardens, Basingstoke, Hampshire RG24 9GG2
£184K12/200.08 mi25, Wylie Gardens, Basingstoke, Hampshire RG24 9TU2
£186K04/210.08 mi21, Wylie Gardens, Basingstoke, Hampshire RG24 9TU2
£190K12/200.08 mi13, Wylie Gardens, Basingstoke, Hampshire RG24 9TU2
£192.5K12/200.12 mi10, Tenzing Gardens, Popley, Basingstoke, Hampshire RG24 9TW2
£188.5K06/210.12 mi23, Tenzing Gardens, Popley, Basingstoke, Hampshire RG24 9TW2
£233K12/220.14 mi11, Tenzing Gardens, Basingstoke, Hampshire RG24 9TW2
£177K12/200.14 mi7, John Hunt Drive, Basingstoke, Hampshire RG24 9TX2
£185K11/210.24 mi173, Pershore Road, Basingstoke, Hampshire RG24 9BG2
£185K11/210.26 mi23, Tobago Close, Basingstoke, Hampshire RG24 9PX2
£179.9K03/210.29 mi67a, Falkland Road, Basingstoke, Hampshire RG24 9PJ2
£70K11/200.39 mi75 Aspire Place, Shetland Road, Basingstoke, Hampshire RG24 9WH2
£187K11/220.39 mi59 Aspire Place, Shetland Road, Basingstoke, Hampshire RG24 9WH2
£172.5K03/210.43 mi8, Pear Tree Way, Oakridge, Basingstoke, Hampshire RG21 5QE2
£167K09/210.44 mi5, Barrington Drive, Basingstoke, Hampshire RG24 9RS2
£165K12/200.44 mi14, Barrington Drive, Basingstoke, Hampshire RG24 9RS2
£165K12/200.45 mi79, Englefield Way, Basingstoke, Hampshire RG24 9SF2
£205K04/210.48 mi33, Warner Close, Basingstoke, Hampshire RG24 9RY2
£160K05/230.54 mi31, Banbury Way, Basingstoke, Hampshire RG24 9FR2
£168K06/210.54 mi35, Banbury Way, Basingstoke, Hampshire RG24 9FR2
£97.5K11/210.55 mi25, Egerton Drive, Basingstoke, Hampshire RG24 9FG2
£255K11/220.6 mi4, Carter Drive, Basingstoke, Hampshire RG24 9UL2
£210K02/210.62 mi81, Stratfield Road, Basingstoke, Hampshire RG21 5RT2
£192.5K02/210.65 mi38, Upton Crescent, Basingstoke, Hampshire RG21 5SW2
£195K09/210.66 mi29, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£202K10/220.66 mi29, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£220K12/220.68 mi25, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£198K11/200.68 mi25, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£205K08/230.75 mi12, Norn Hill Close, Basingstoke, Hampshire RG21 4HF2
£200K02/230.8 miFlat 87, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£185K09/210.8 miFlat 63, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£186.5K02/230.8 miFlat 66, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£205K12/200.8 miFlat 58, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£205K04/230.8 miFlat 23, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£190K03/230.8 miFlat 73, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£200K07/230.8 miFlat 74, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£195K02/230.8 miFlat 80, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£212K07/230.97 mi60, Cowslip Bank, Lychpit, Basingstoke, Hampshire RG24 8RR2

Local Rents

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

RentDateDistanceAddressBeds 
£1,10007/240 miMallory Road2
£1,20011/240.05 mi-2
£1,20003/250.07 mi-2
£95002/250.25 mi-2
£1,50007/240.37 mi-2
£1,05009/240.4 miShetland Road, Basingstoke2
£1,25007/240.42 miAppleton Drive, Basingstoke, Hampshire, RG242
£1,30012/240.45 mi-2
£1,29503/250.49 mi-2
£1,30007/240.53 miBanbury Way, Basingstoke2
£1,35007/240.53 miWheeler Way, Basingstoke2
£1,30009/240.53 miWheeler Way, Basingstoke, RG242
£1,12508/240.55 mi-2
£1,30007/240.55 miAppleton Drive, Basingstoke RG24 9RX2
£1,30008/240.56 miScotney Road, Oakridge, Basingstoke, RG212
£1,10007/240.58 miFaringdon Court, Marnel Park, Basingstoke, RG242
£1,10008/240.59 miSouth View2
£1,25007/240.59 miSouth View, RG212

Local Area Statistics

Population in RG24

31,488

Population in Basingstoke

120,645

Town centre distance

1.84 miles away

Nearest school

0.10 miles away

Nearest train station

1.05 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 £150,000

January 31, 2025

Listed for £160,000

September 3, 2024

Description

  • Two Bedrooms +
  • Bathroom +
  • En-Suite Shower Room +
  • Open Plan Living +
  • No Onward Chain +
  • Allocated Parking Space +

SUMMARY
PUBLIC NOTICE: 7 Mallory Road, Basingstoke RG24 9GB
We are acting in the sale of the above property and have received an offer of £180,000. Any interested parties must submit any higher offers in writing to the selling agent before an exchange of contracts takes place.
EPC Rating: B

DESCRIPTION
PUBLIC NOTICE: 7 Mallory Road, Basingstoke RG24 9GB
We are acting in the sale of the above property and have received an offer of £180,000. Any interested parties must submit any higher offers in writing to the selling agent before an exchange of contracts takes place.
EPC Rating: B

NO ONWARD CHAIN - This two bedroom purpose built apartment is offered to the market with NO ONWARD CHAIN and features TWO DOUBLE BEDROOMS, en-suite shower room, FAMILY BATHROOM, open plan living and a balcony. The property further benefits from an ALLOCATED PARKING SPACE.

Situated in the popular Everest Park development, the property benefits from being within walking distance to supermarkets, convenience stores, schools, a post office and pharmacy. Basingstoke's Town Centre is only a 30 minute walk away, housing the Festival Place Shopping Centre with a wide variety of shops, restaurants, bars, entertainment and leisure facilities such as the Vue Cinema. Also located in the Town Centre is the mainline Train Station to London Waterloo and Bus station providing links across Basingstoke and the country. There is also easy access to the M3, A33 to Reading and A339 to Newbury via car making the location perfect for commuting.

Agents Note
This property has an offer accepted subject to contract but is still currently available to view.

Entrance Hall 
Storage cupboard with shelving, carpet, doors to:

Kitchen 13' max x 8' 8" max ( 3.96m max x 2.64m max )
Kitchen Area - flat top work surfaces with cupboards and drawers under and cupboards over, one and half bowl sink with drainer and mixer tap, two double glazed windows to side aspect, space for washing machine, space for under counter fridge, space for under counter freezer, tiled floor, open to:

Lounge 12' 4" Irregular shape, max x 10' 5" ( 3.76m Irregular shape, max x 3.17m )
Double glazed window to front aspect

Bedroom 1 10' 4" max x 8' 6" not into door recess ( 3.15m max x 2.59m not into door recess )
Double glazed window to front aspect, carpet, radiator, double fitted wardrobe with glass sliding doors, door to:

En-Suite Shower Room 
fully enclosed shower cubicle, low-level WC, wash hand basin

Bedroom 2 11' max x 9' 4" max ( 3.35m max x 2.84m max )
Double glazed window to rear aspect, carpet, radiator

Bathroom 
Panel enclosed bath with shower over, low-level WC, wash hand basin, part tiled walls, tiled floor

Parking 
The property benefits from an allocated parking space

Bedroom 1 10' 4" max x 8' 6" not into door recess ( 3.15m max x 2.59m not into door recess )
Double glazed window to front aspect, carpet, radiator, double fitted wardrobe with glass sliding doors, door to:

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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