2 Bed Flat, Single Let, Basingstoke, RG24 9GB, £150,000

Mallory Road, Basingstoke, Hampshire, RG24 9GB - 1 views - 5 months ago

Leasehold
BTL
ROI: 10%
~62 m²
+12 photos

ValuationUndervalued

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

 

 

Square Metres

~61.50 m²
Price/m²£2.4K/m²

Value Estimate

£187,500
BMV25%

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 27, 2025

Listed for £160,000

November 12, 2024

Floor Plans

Description

*BEING SOLD WITH NO CHAIN*
Fantastic opportunity to purchase this TWO bedroom apartment situated in the sought-after Everest Park development.
The property comprises hallway leading to open plan kitchen/living room/diner, master bedroom with ensuite, second bedroom and family bathroom.
Futher benefits include balcony, gas central heating and allocated parking space.
Basingstoke offers extensive shopping and recreational facilities including the bars, shops and restaurants of Festival Place. There are museums and theatres, cinemas and sports centres, an ice rink and indoor sky diving to name a few. Road and rail communications are excellent with rail service to London (Waterloo from 45 minutes) and M3 motorway access at junctions 6 and 7.

Agent Details

Gascoigne-Pees, Basingstoke

01256 678811

Next Steps?

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