3 Bed Terraced House, Planning Permission, Basingstoke, RG22 6QE, £325,000

42 Paddock Road, Basingstoke, Hampshire, RG22 6QE - 4 views - 7 months ago

Sold STC
Planning
ROI: 3%
72 m²
+8 photos

ValuationOvervalued

Sold Prices£232K - £475K
Sold Prices/m²£2.4K/m² - £7.4K/m²

 

 

Square Metres

72 m²
Price/m²£4.5K/m²

Value Estimate

£264,165

 

 

End Value (After Refurb)

£318,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£32,976

Bridging Loan Interest

£8,531

Total Cash In

£139,207

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£318,750

Mortgage (After Refinance)

£239,063

Mortgage LTV

75%

Cash Left In

£139,207

Equity

£79,688

Rent Range

£1,300 - £3,900

Rent Estimate

£1,769

Running Costs/mo

£1,370

Cashflow/mo

£399

Cashflow/yr

£4,789

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £232K to £475K, average is £281.5K. £2.4K/m² to £7.4K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£270K10/210.05 mi39, Dartmouth Walk, Basingstoke, Hampshire RG22 6QX3
£288K03/210.08 mi5, Westside Close, Basingstoke, Hampshire RG22 6LQ3
£269K09/210.08 mi17, Westside Close, Basingstoke, Hampshire RG22 6LQ3
£271K12/200.14 mi8, Warren Way, Basingstoke, Hampshire RG22 6TX3
£247.5K11/200.18 mi121, Dartmouth Way, Basingstoke, Hampshire RG22 6QY3
£275K02/210.2 mi88, Woburn Gardens, Basingstoke, Hampshire RG22 6UD3
£275K12/200.21 mi117, Western Way, Basingstoke, Hampshire RG22 6EU3
£232K05/210.22 mi14, Ballard Close, Basingstoke, Hampshire RG22 6UG3
£243K09/210.23 mi12, Stag Hill, Basingstoke, Hampshire RG22 6JG3
£280K03/230.23 mi56, Stag Hill, Basingstoke, Hampshire RG22 6JG3
£265K01/210.24 mi134, Western Way, Basingstoke, Hampshire RG22 6ES3
£295K08/210.25 mi41, High Drive, Basingstoke, Hampshire RG22 6JU3
£275K12/200.26 mi117, Western Way, Basingstoke, Hampshire RG22 6EU3
£325K03/230.28 mi148, Pinkerton Road, Basingstoke, Hampshire RG22 6RT3
£255K09/210.28 mi27, St Andrews Road, Basingstoke, Hampshire RG22 6PS3
£325K03/230.29 mi98, St Peters Road, South Ham, Basingstoke, Hampshire RG22 6TG3
£325K03/210.3 mi58, Western Way, Basingstoke, Hampshire RG22 6DE3
£250K04/210.3 mi127a, Stag Hill, Basingstoke, Hampshire RG22 6JE3
£310K09/210.3 mi137, Western Way, Basingstoke, Hampshire RG22 6EX3
£288K11/210.3 mi129, Western Way, Basingstoke, Hampshire RG22 6EX3
£275K01/230.3 mi13, St Patricks Road, Basingstoke, Hampshire RG22 6DN3
£395K03/230.31 mi54, Brackley Way, Basingstoke, Hampshire RG22 6LL3
£291K03/210.31 mi30, Margaret Road, Basingstoke, Hampshire RG22 6PX3
£465K11/220.31 mi53, Brackley Way, Basingstoke, Hampshire RG22 6LL3
£342.5K01/210.31 mi54, Brackley Way, Basingstoke, Hampshire RG22 6LL3
£235K09/210.32 mi2, Princes Crescent, Basingstoke, Hampshire RG22 6DP3
£247.5K11/200.32 mi5, Princes Crescent, Basingstoke, Hampshire RG22 6DP3
£365K04/230.32 mi54, Denham Drive, Basingstoke, Hampshire RG22 6LR3
£315K12/200.32 mi52, Baird Avenue, Basingstoke, Hampshire RG22 6EB3
£245K09/210.33 mi8, Chivers Close, Basingstoke, Hampshire RG22 6SF3
£285K01/230.33 mi23, Branton Close, Basingstoke, Hampshire RG22 6UW3
£275K11/200.34 mi22, Baird Avenue, Basingstoke, Hampshire RG22 6ED3
£300K02/230.35 mi29, Colyer Close, Basingstoke, Hampshire RG22 6SE3
£377K06/210.35 mi302, Old Worting Road, Basingstoke, Hampshire RG22 6NX3
£300K03/210.35 mi255, Old Worting Road, Basingstoke, Hampshire RG22 6NX3
£265K02/230.35 mi10, Charles Street, Basingstoke, Hampshire RG22 6PR3
£252K02/230.37 mi23, West Ham Close, Basingstoke, Hampshire RG22 6PF3
£425K12/220.37 mi6, Pheby Road, Basingstoke, Hampshire RG22 6JB3
£400K02/230.38 mi16, Western Way, Basingstoke, Hampshire RG22 6DB3
£280K11/200.38 mi37, Baird Avenue, Basingstoke, Hampshire RG22 6EA3
£275K03/210.39 mi5, Galloway Close, Basingstoke, Hampshire RG22 6SX3
£300K06/210.39 mi36, Galloway Close, Basingstoke, Hampshire RG22 6SX3
£475K06/210.41 mi189, Worting Road, Basingstoke, Hampshire RG22 6NR3
£385K03/210.41 mi187a, Worting Road, Basingstoke, Hampshire RG22 6NR3
£335K02/210.42 mi1, Buckland Avenue, Basingstoke, Hampshire RG22 6JH3
£375K01/210.42 mi19, Hulbert Way, Basingstoke, Hampshire RG22 6LZ3
£255K01/230.43 mi69, West Ham Close, Basingstoke, Hampshire RG22 6PH3
£283K06/230.44 mi56, Pennine Way, Basingstoke, Hampshire RG22 5AF3
£280K08/210.44 mi42, Pennine Way, Basingstoke, Hampshire RG22 5AF3
£260K02/210.44 mi51, Pennine Way, Basingstoke, Hampshire RG22 5AF3

Local Rents

19 rents from £1.3K/mo to £3.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,45004/250.14 mi-3
£1,45004/250.14 mi-3
£1,40007/240.23 miBasingstoke, Hants, RG223
£1,40003/250.24 mi-3
£1,40007/240.27 mi-3
£1,50004/250.27 mi-3
£1,55007/240.28 mi-3
£3,00007/240.31 mi-3
£1,55012/240.32 mi-3
£1,60012/240.33 mi-3
£1,60012/240.33 mi-3
£1,60012/240.33 mi-3
£1,60009/240.33 mi-3
£1,50012/240.33 mi-3
£1,35007/240.4 miSt Pauls Road3
£1,30001/250.47 mi-3
£3,90002/250.5 mi-3
£3,90002/250.5 mi-3
£1,50004/250.53 mi-3

Local Area Statistics

Population in RG22

41,925

Population in Basingstoke

120,645

Town centre distance

0.61 miles away

Nearest school

0.20 miles away

Nearest train station

1.57 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £325,000

September 24, 2024

Sold for £148,000

2005

Sold for £123,950

2002

Floor Plans

Description

  • NO ONWARD CHAIN +
  • THREE BEDROOM +
  • PLANNING PERMISSION GRANTED FOR EXTENSION +
  • GARDEN +
  • FAMILY BATHROOM +

NO ONWARD CHAIN:

Welcome to this charming end of terrace property located in South Ham, Basingstoke. With its prime location, this home offers easy access to nearby schools, local amenities, nearby parks, and a strong local community.

Upon entering, you'll be greeted by a welcoming reception room, perfect for relaxing and entertaining guests.

The modern kitchen is flooded with natural light and is equipped with modern appliances.

This property boasts three generously sized bedrooms, providing ample space for families and couples alike.

The large bathroom offers a peaceful retreat, ideal for unwinding after a long day.

This property benefits from a large wrap around garden with additional planning permission for a side extension.

With an energy performance certificate rating of D, this home is energy efficient and eco-friendly.

The council tax band for this property is C, allowing for affordable living expenses.

Additionally, the location of this property offers a strong sense of community, making it an ideal place to call home.

In summary, this delightful end of terrace property offers comfortable and modern living spaces, an open-plan layout, and the convenience of nearby amenities. Don't miss out on the opportunity to make this house your home!

Agent Details

Romans, Basingstoke

01256 638861

Next Steps?

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

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