2 Bed Flat, Single Let, Basingstoke, RG24 9QD, £220,000

Sold STC

Leasehold

BTL

ROI: 4%

~68 m²

+5 photos

ValuationOvervalued

Sold Prices	£97.5K - £255K
Sold Prices/m²	£1.8K/m² - £43.5K/m²

Square Metres	~68.11 m²
Price/m²	£3.2K/m²
Value Estimate	£207,711£207,711

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£55,000£55,000
Stamp Duty & Legal Fees	£7,800£7,800
Total Cash In	£62,800£62,800

Cash Out
Rent Range	£950 - £1,350£950 - £1,350
Rent Estimate	£1,163
Running Costs/mo	£940£940
Cashflow/mo	£223£223
Cashflow/yr	£2,675£2,675
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

37 sold prices from £97.5K to £255K, average is £188.5K. £1.8K/m² to £43.5K/m², average is £3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£160K	05/23	0.24 mi	31, Banbury Way, Basingstoke, Hampshire RG24 9FR	£2,963	54	2	Flat
£168K	06/21	0.24 mi	35, Banbury Way, Basingstoke, Hampshire RG24 9FR	-	-	2	Flat
£200K	09/21	0.39 mi	3, St Catherine Road, Basingstoke, Hampshire RG24 9XG	£3,226	62	2	Flat
£210K	02/21	0.39 mi	81, Stratfield Road, Basingstoke, Hampshire RG21 5RT	£2,877	73	2	Flat
£255K	11/22	0.42 mi	4, Carter Drive, Basingstoke, Hampshire RG24 9UL	£43,515	6	2	Flat
£185K	11/21	0.48 mi	173, Pershore Road, Basingstoke, Hampshire RG24 9BG	£2,891	64	2	Flat
£165K	12/20	0.49 mi	79, Englefield Way, Basingstoke, Hampshire RG24 9SF	£3,587	46	2	Flat
£185K	11/21	0.5 mi	23, Tobago Close, Basingstoke, Hampshire RG24 9PX	£2,846	65	2	Flat
£192.5K	02/21	0.5 mi	38, Upton Crescent, Basingstoke, Hampshire RG21 5SW	£2,615	74	2	Flat
£177K	12/20	0.56 mi	7, John Hunt Drive, Basingstoke, Hampshire RG24 9TX	£2,818	63	2	Flat
£233K	12/22	0.58 mi	11, Tenzing Gardens, Basingstoke, Hampshire RG24 9TW	£3,847	61	2	Flat
£192.5K	12/20	0.59 mi	10, Tenzing Gardens, Popley, Basingstoke, Hampshire RG24 9TW	£3,178	61	2	Flat
£188.5K	06/21	0.59 mi	23, Tenzing Gardens, Popley, Basingstoke, Hampshire RG24 9TW	£3,112	61	2	Flat
£97.5K	11/21	0.6 mi	25, Egerton Drive, Basingstoke, Hampshire RG24 9FG	£1,773	55	2	Flat
£167K	09/21	0.65 mi	5, Barrington Drive, Basingstoke, Hampshire RG24 9RS	£3,131	53	2	Flat
£165K	12/20	0.65 mi	14, Barrington Drive, Basingstoke, Hampshire RG24 9RS	£3,113	53	2	Flat
£184K	12/20	0.65 mi	25, Wylie Gardens, Basingstoke, Hampshire RG24 9TU	£3,016	61	2	Flat
£186K	04/21	0.65 mi	21, Wylie Gardens, Basingstoke, Hampshire RG24 9TU	£3,049	61	2	Flat
£190K	12/20	0.65 mi	13, Wylie Gardens, Basingstoke, Hampshire RG24 9TU	-	-	2	Flat
£205K	04/21	0.68 mi	33, Warner Close, Basingstoke, Hampshire RG24 9RY	£4,853	42	2	Flat
£225K	05/23	0.69 mi	27, Mallory Road, Basingstoke, Hampshire RG24 9GB	£2,961	76	2	Flat
£199.9K	12/22	0.69 mi	50, Mallory Road, Basingstoke, Hampshire RG24 9GB	£3,174	63	2	Flat
£230K	02/23	0.7 mi	6, Pillar Box Gardens, Basingstoke, Hampshire RG24 9TB	-	-	2	Flat
£177K	03/21	0.71 mi	22, Edmund Court, Basingstoke, Hampshire RG24 9SZ	£3,161	56	2	Flat
£185K	02/23	0.71 mi	22, Edmund Court, Basingstoke, Hampshire RG24 9SZ	£3,304	56	2	Flat
£178K	12/20	0.71 mi	74, Edmund Court, Popley, Basingstoke, Hampshire RG24 9SZ	£3,490	51	2	Flat
£172.5K	12/22	0.72 mi	80, Edmund Court, Popley, Basingstoke, Hampshire RG24 9SZ	£2,924	59	2	Flat
£180K	12/22	0.76 mi	11, Bourdillon Gardens, Basingstoke, Hampshire RG24 9GG	£3,214	56	2	Flat
£179.9K	03/21	0.79 mi	67a, Falkland Road, Basingstoke, Hampshire RG24 9PJ	£3,050	59	2	Flat
£172.5K	03/21	0.83 mi	8, Pear Tree Way, Oakridge, Basingstoke, Hampshire RG21 5QE	£2,782	62	2	Flat
£212K	11/22	0.91 mi	17, Millennium Court, Basingstoke, Hampshire RG21 7RA	£3,655	58	2	Flat
£203K	10/21	0.91 mi	30, Watertower Way, Basingstoke, Hampshire RG24 9RF	-	-	2	Flat
£199.9K	09/21	0.98 mi	9, Idsworth Court, Basingstoke, Hampshire RG24 9RR	£2,420	83	2	Flat
£212.5K	03/23	0.99 mi	22, Greenlands Road, Basingstoke, Hampshire RG24 9RD	£3,058	70	2	Flat
£205K	05/21	0.99 mi	39, Greenlands Road, Basingstoke, Hampshire RG24 9RD	£2,847	72	2	Flat
£206K	11/21	0.99 mi	34, Greenlands Road, Basingstoke, Hampshire RG24 9RD	£2,784	74	2	Flat
£200K	03/21	1 mi	54, Northbrook Crescent, Basingstoke, Hampshire RG24 9RB	£2,703	74	2	Flat

Local Rents

23 rents from £950/mo to £1.4K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,325	04/25	0.17 mi	-	2	Flat
£1,050	07/24	0.21 mi	Popley	2	Flat
£1,250	07/24	0.22 mi	Trinity Way, Basingstoke	2	Flat
£1,200	07/24	0.22 mi	Trinity Way, BASINGSTOKE	2	Flat
£1,100	07/24	0.24 mi	Faringdon Court, Marnel Park, Basingstoke, RG24	2	Flat
£1,300	07/24	0.24 mi	Banbury Way, Basingstoke	2	Flat
£1,350	07/24	0.35 mi	Wheeler Way, Basingstoke	2	Flat
£1,300	09/24	0.35 mi	Wheeler Way, Basingstoke, RG24	2	Terraced House
£1,200	07/24	0.39 mi	St. Catherine Road	2	Flat
£950	02/25	0.44 mi	-	2	Flat
£1,200	07/24	0.47 mi	Priestley Road, Basingstoke	2	Flat
£1,150	08/24	0.48 mi	-	2	Flat
£1,200	08/24	0.48 mi	-	2	Flat
£1,200	08/24	0.48 mi	-	2	Flat
£1,295	02/25	0.48 mi	-	2	Flat
£1,250	04/25	0.48 mi	-	2	Flat
£1,200	07/24	0.48 mi	Priestley Road, Basingstoke, RG24	2	Flat
£1,200	08/24	0.48 mi	Priestley Road, Basingstoke, RG24	2	Flat
£1,295	07/24	0.48 mi	Priestley Road, BASINGSTOKE	2	Flat
£1,250	07/24	0.53 mi	Appleton Drive, Basingstoke, Hampshire, RG24	2	Flat
£1,300	07/24	0.55 mi	Appleton Drive, Basingstoke RG24 9RX	2	Terraced House
£1,300	12/24	0.57 mi	-	2	Terraced House
£1,300	08/24	0.6 mi	Scotney Road, Oakridge, Basingstoke, RG21	2	Semi-Detached House

Local Area Statistics

Population in RG24	31,48831,488
Population in Basingstoke	120,645120,645
Town centre distance	1.45 miles away1.45 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.09 miles away1.09 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+34%+34%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+9%+9%

Property History

Listed for £220,000

September 26, 2024

Floor Plans

Description

Leasehold Term 999 years from 01/01/2019 +
Two double bedrooms +
Living room/open plan kitchen +
Juliette balcony +
Modern bathroom +
Views +
Allocated parking space +
No onward chain +

Property Description

This two bedroom upper floor apartment is modern in design and presented in excellent order throughout. The spacious apartment is situated on the edge of the development with views over green space and the town beyond. There is allocated parking and the property is within access of amenities.

Property Details

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