2 Bed Flat, Single Let, Fleet, GU51 1JY, £245,000

Whitsbury House, Elvetham Heath, Fleet, GU51 1JY - 4 views - 6 months ago

Sold STC

Leasehold

BTL

ROI: 4%

~68 m²

+8 photos

ValuationOvervalued

Sold Prices	£180K - £300K
Sold Prices/m²	£2.3K/m² - £4.4K/m²

Square Metres	~68.11 m²
Price/m²	£3.6K/m²
Value Estimate	£234,662£234,662

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£61,250£61,250
Stamp Duty & Legal Fees	£13,450£13,450
Total Cash In	£74,700£74,700

Cash Out
Rent Range	£1,275 - £1,500£1,275 - £1,500
Rent Estimate	£1,298
Running Costs/mo	£1,045£1,045
Cashflow/mo	£253£253
Cashflow/yr	£3,033£3,033
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

32 sold prices from £180K to £300K, average is £235K. £2.3K/m² to £4.4K/m², average is £3.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£252K	05/23	0.01 mi	Flat 9, Whitsbury House, Twyford Close, Fleet, Hampshire GU51 1JY	-	-	2	Flat
£235K	02/23	0.29 mi	Flat 4, Maudit House, Rykmansford Road, Fleet, Hampshire GU51 1LH	-	-	2	Flat
£245K	11/20	0.29 mi	Flat 8, Latimer House, Marrow Meade, Fleet, Hampshire GU51 1JL	-	-	2	Flat
£235.8K	10/21	0.32 mi	Flat 3, Potkiln House, Rykmansford Road, Fleet, Hampshire GU51 1LH	-	-	2	Flat
£235K	10/21	0.32 mi	Flat 6, Maudit House, Rykmansford Road, Fleet, Hampshire GU51 1LH	-	-	2	Flat
£200K	11/20	0.36 mi	Flat 5, Wespall House, Wintney Street, Elvetham Heath, Fleet, Hampshire GU51 1AW	-	-	2	Flat
£270K	03/23	0.37 mi	Flat 2, Bernard House, East Hundreds, Fleet, Hampshire GU51 1HW	-	-	2	Flat
£241K	12/21	0.39 mi	Flat 6, Awbridge House, Lyndhurst Road, Fleet, Hampshire GU51 1EY	-	-	2	Flat
£265K	05/23	0.4 mi	2, Bromfield Place, Fleet, Hampshire GU51 1EU	£3,575	74	2	Flat
£233K	08/21	0.44 mi	Flat 3, Beaumont Court, Harrow Road, Fleet, Hampshire GU51 1JE	-	-	2	Flat
£265K	08/21	0.47 mi	3, King John Street, Fleet, Hampshire GU51 1HX	£3,909	68	2	Flat
£225K	07/21	0.48 mi	Flat 3, Worcester Court, King John Street, Fleet, Hampshire GU51 1HY	-	-	2	Flat
£225K	07/21	0.48 mi	Flat 3, Worcester Court, King John Street, Fleet, Hampshire GU51 1HY	-	-	2	Flat
£221K	03/21	0.48 mi	Flat 4, Worcester Court, King John Street, Fleet, Hampshire GU51 1HY	-	-	2	Flat
£232.5K	06/21	0.48 mi	Flat 2, Worcester Court, King John Street, Fleet, Hampshire GU51 1HY	-	-	2	Flat
£250K	05/23	0.55 mi	Flat 7, Ulric House, Waleron Road, Fleet, Hampshire GU51 1GE	-	-	2	Flat
£235K	04/21	0.74 mi	Flat 10, Marchwood House, Kintbury Close, Fleet, Hampshire GU51 1AZ	-	-	2	Flat
£250K	08/21	0.86 mi	6, Bluebell Walk, Fleet, Hampshire GU51 4ST	£3,086	81	2	Flat
£281.5K	05/21	0.86 mi	11, Bluebell Walk, Fleet, Hampshire GU51 4ST	£3,881	73	2	Flat
£300K	02/23	0.88 mi	21, Primrose Walk, Fleet, Hampshire GU51 4SS	£4,054	74	2	Flat
£258K	08/21	0.89 mi	6, Primrose Walk, Fleet, Hampshire GU51 4SS	£2,804	92	2	Flat
£210K	02/21	0.91 mi	28, Bramshott Place, Fleet, Hampshire GU51 4QF	£3,231	65	2	Flat
£276K	02/21	0.92 mi	10, Cranbrook Court, Fleet, Hampshire GU51 4QA	£3,043	91	2	Flat
£252K	03/21	0.95 mi	44, Tamworth Drive, Fleet, Hampshire GU51 2UP	£3,316	76	2	Flat
£210K	08/21	0.95 mi	37, Pegasus Court, Fleet, Hampshire GU51 4SX	£3,684	57	2	Flat
£185K	03/21	0.95 mi	4, Pegasus Court, Fleet, Hampshire GU51 4SX	£3,304	56	2	Flat
£180K	05/21	0.95 mi	15, Pegasus Court, Fleet, Hampshire GU51 4SX	£3,051	59	2	Flat
£240K	09/21	0.95 mi	36, Pegasus Court, Fleet, Hampshire GU51 4SX	£4,364	55	2	Flat
£233.5K	01/23	0.98 mi	12a, Old Cove Road, Fleet, Hampshire GU51 2RL	£2,322	101	2	Flat
£231K	11/20	0.99 mi	23, Waterside Court, Fleet, Hampshire GU51 2RH	£4,442	52	2	Flat
£195K	07/23	0.99 mi	10, Waterside Court, Fleet, Hampshire GU51 2RH	£3,687	53	2	Flat
£225K	11/22	0.99 mi	48, Waterside Court, Fleet, Hampshire GU51 2RH	-	-	2	Flat

Local Rents

14 rents from £1.3K/mo to £1.5K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,450	05/24	0.21 mi	Whitchurch Road, Elvetham Heath, Fleet, GU51	2	Semi-Detached House
£1,350	12/24	0.23 mi	Kensington Court, Fleet	2	Flat
£1,275	11/24	0.3 mi	-	2	Flat
£1,300	12/24	0.32 mi	-	2	Flat
£1,450	04/24	0.41 mi	Tithing Road Fleet	2	Semi-Detached House
£1,450	04/24	0.43 mi	East Hundreds, Fleet	2	Terraced House
£1,400	08/24	0.44 mi	-	2	Terraced House
£1,330	01/24	0.45 mi	-	2	Terraced House
£1,500	02/25	0.45 mi	-	2	Terraced House
£1,295	04/24	0.51 mi	-	2	Flat
£1,300	04/24	0.51 mi	-	2	Flat
£1,350	05/24	0.53 mi	Elvetham Road, Fleet , Hampshire	2	Terraced House
£1,450	03/25	0.58 mi	-	2	Flat
£1,450	03/25	0.58 mi	-	2	Flat

Local Area Statistics

Population in GU51	23,35223,352
Population in Fleet	39,39239,392
Town centre distance	1.36 miles away1.36 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.99 miles away0.99 miles away

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

Property History

Listed for £245,000

October 14, 2024

Floor Plans

Description

No Onward Chain +
Two Double Bedrooms +
Ground Floor Apartment +
Patio Space +
Popular Elvetham Heath Development +
Extended Lease +
Low Service Charge/Ground Rent Costings +
Walking Distance To Local Shops & Schools +
Well Sized Kitchen +
Well Sized Living/Dining Room +

Nicholsons Estate Agents are delighted to market a most spacious two double bedroom ground floor apartment with patio area which is pleasantly situated on the sought after Elvetham Heath development in Fleet, benefiting from two allocated parking spaces, extended lease and offered for sale with no onward chain.

Communal Entrance: Door To -

Communal Entrance: Front Door To -

Entrance Hall -

Living Room - 4.90 x 3.34m (16'0" x 10'11") -

Kitchen - 5.20 x 2.64m (17'0" x 8'7") -

Bedroom - 3.90 x 2.80m (12'9" x 9'2") -

Bedroom - 3.90 x 2.78 (12'9" x 9'1") -

Bathroom -

Outside -

Communal Grounds -

Allocated Parking -

Visitor Parking -

Agent Details

Nicholsons, Fleet

01252 221920

Next Steps?

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

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