2 Bed Flat, Single Let, Basingstoke, RG24 9RT, £178,000

Penton Way, Basingstoke, Hampshire, RG24 9RT - 6 months ago

Sold STC
Leasehold
BTL
ROI: 7%
~68 m²
+5 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£209,853
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£44,500

Stamp Duty & Legal Fees

£11,160

Total Cash In

£55,660

 

 

Cash Out

 

Rent Range

£950 - £1,350

Rent Estimate

£1,100

Running Costs/mo

£796

Cashflow/mo

£304

Cashflow/yr

£3,645

ROI

7%

Gross Yield

7%

Local Sold Prices

30 sold prices from £70K to £255K, average is £184.5K. £1.2K/m² to £43.5K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£167K09/210.02 mi5, Barrington Drive, Basingstoke, Hampshire RG24 9RS2
£165K12/200.02 mi14, Barrington Drive, Basingstoke, Hampshire RG24 9RS2
£205K04/210.04 mi33, Warner Close, Basingstoke, Hampshire RG24 9RY2
£97.5K11/210.12 mi25, Egerton Drive, Basingstoke, Hampshire RG24 9FG2
£165K12/200.16 mi79, Englefield Way, Basingstoke, Hampshire RG24 9SF2
£179.9K03/210.26 mi67a, Falkland Road, Basingstoke, Hampshire RG24 9PJ2
£185K11/210.27 mi23, Tobago Close, Basingstoke, Hampshire RG24 9PX2
£255K11/220.3 mi4, Carter Drive, Basingstoke, Hampshire RG24 9UL2
£233K12/220.35 mi11, Tenzing Gardens, Basingstoke, Hampshire RG24 9TW2
£192.5K12/200.36 mi10, Tenzing Gardens, Popley, Basingstoke, Hampshire RG24 9TW2
£188.5K06/210.36 mi23, Tenzing Gardens, Popley, Basingstoke, Hampshire RG24 9TW2
£184K12/200.37 mi25, Wylie Gardens, Basingstoke, Hampshire RG24 9TU2
£186K04/210.37 mi21, Wylie Gardens, Basingstoke, Hampshire RG24 9TU2
£190K12/200.37 mi13, Wylie Gardens, Basingstoke, Hampshire RG24 9TU2
£177K12/200.4 mi7, John Hunt Drive, Basingstoke, Hampshire RG24 9TX2
£177K03/210.41 mi22, Edmund Court, Basingstoke, Hampshire RG24 9SZ2
£185K02/230.41 mi22, Edmund Court, Basingstoke, Hampshire RG24 9SZ2
£178K12/200.41 mi74, Edmund Court, Popley, Basingstoke, Hampshire RG24 9SZ2
£172.5K12/220.41 mi80, Edmund Court, Popley, Basingstoke, Hampshire RG24 9SZ2
£160K05/230.41 mi31, Banbury Way, Basingstoke, Hampshire RG24 9FR2
£168K06/210.41 mi35, Banbury Way, Basingstoke, Hampshire RG24 9FR2
£225K05/230.45 mi27, Mallory Road, Basingstoke, Hampshire RG24 9GB2
£199.9K12/220.46 mi50, Mallory Road, Basingstoke, Hampshire RG24 9GB2
£180K12/220.46 mi11, Bourdillon Gardens, Basingstoke, Hampshire RG24 9GG2
£185K11/210.51 mi173, Pershore Road, Basingstoke, Hampshire RG24 9BG2
£187K11/220.72 mi59 Aspire Place, Shetland Road, Basingstoke, Hampshire RG24 9WH2
£70K11/200.73 mi75 Aspire Place, Shetland Road, Basingstoke, Hampshire RG24 9WH2
£210K02/210.82 mi81, Stratfield Road, Basingstoke, Hampshire RG21 5RT2
£172.5K03/210.87 mi8, Pear Tree Way, Oakridge, Basingstoke, Hampshire RG21 5QE2
£192.5K02/210.91 mi38, Upton Crescent, Basingstoke, Hampshire RG21 5SW2

Local Rents

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

RentDateDistanceAddressBeds 
£1,29503/250.04 mi-2
£1,30012/240.08 mi-2
£1,25007/240.12 miAppleton Drive, Basingstoke, Hampshire, RG242
£1,30007/240.16 miAppleton Drive, Basingstoke RG24 9RX2
£1,35007/240.3 miWheeler Way, Basingstoke2
£1,30009/240.3 miWheeler Way, Basingstoke, RG242
£1,30007/240.4 miBanbury Way, Basingstoke2
£95002/250.41 mi-2
£1,10007/240.42 miFaringdon Court, Marnel Park, Basingstoke, RG242
£1,20003/250.43 mi-2
£1,20011/240.44 mi-2
£1,10007/240.45 miMallory Road2

Local Area Statistics

Population in RG24

31,488

Population in Basingstoke

120,645

Town centre distance

2.05 miles away

Nearest school

0.40 miles away

Nearest train station

1.43 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 £178,000

January 15, 2025

Listed for £185,000

October 22, 2024

Floor Plans

Description

  • Call NOW 24/7 or book instantly online to View +
  • Attention - First Time Buyers +
  • 2 Double Bedrooms +
  • Close to Excellent Local Amenities +
  • Close to Excellent Local Shops +
  • Investors - Look At This +

EweMove - A well-presented 1st floor 2 bedroom apartment situated on the popular Marnel Park development. Offered in great condition throughout, the property benefits from a spacious lounge, two double bedrooms, a modern family bathroom, and allocated parking. Please call EweMove Basingstoke to arrange a viewing. The property is leasehold, with around 132 years remaining. The ground rent is currently £170 per annum, and the service charges are £2362 per annum.
Located on the edge of the Marnel park development this first floor apartment has an allocated parking space to the rear of the building, whilst additional parking is also available on the residential roads. Accessed through the smart communal space, this apartment also has the benefit of electric central heating.
Inside the apartment there is a hallway which gives access to all rooms and two handy storage cupboards. The main bedroom has built in wardrobes, whilst the second bedroom is also a double. The living area is well appointed and a good size, with a lounge/diner leading through to the kitchen area. The Kitchen has a good range of fitted base and wall units and a built-in 4-ring hob with a single oven below. There is further space for appliances such as a fridge/freezer, dishwasher, and washing machine. The bathroom has a white suite, part-tiled walls, a shower over the bath, WC, and a washbasin.
Marnel Park is situated towards the North East of Basingstoke, giving good access not only to Basingstoke, but also Reading and Newbury. Local shopping facilities and Chineham shopping centre are approximately 1 mile away, benefiting from Tesco and Marks & Spencer to name a couple. The favoured villages of Sherfield on Loddon and Sherborne St John are within 3 miles, which offer a selection of public houses/restaurants, open countryside and sporting facilities.

Agent Details

EweMove, Basingstoke

01256 637273

Next Steps?

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