2 Bed Flat, Single Let, Basingstoke, RG24 9RT, £160,000

Penton Way, Basingstoke, Hampshire, RG24 9RT - 5 months ago

Sold STC
Leasehold
BTL
ROI: 7%
~68 m²
+3 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£195,200
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Total Cash In

£46,000

 

 

Cash Out

 

Rent Range

£950 - £1,350

Rent Estimate

£984

Running Costs/mo

£717

Cashflow/mo

£267

Cashflow/yr

£3,206

ROI

7%

Gross Yield

7%

Local Sold Prices

31 sold prices from £70K to £255K, average is £185K. £1.2K/m² to £43.5K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£205K04/210.06 mi33, Warner Close, Basingstoke, Hampshire RG24 9RY2
£97.5K11/210.07 mi25, Egerton Drive, Basingstoke, Hampshire RG24 9FG2
£167K09/210.07 mi5, Barrington Drive, Basingstoke, Hampshire RG24 9RS2
£165K12/200.07 mi14, Barrington Drive, Basingstoke, Hampshire RG24 9RS2
£165K12/200.15 mi79, Englefield Way, Basingstoke, Hampshire RG24 9SF2
£255K11/220.26 mi4, Carter Drive, Basingstoke, Hampshire RG24 9UL2
£185K11/210.3 mi23, Tobago Close, Basingstoke, Hampshire RG24 9PX2
£179.9K03/210.32 mi67a, Falkland Road, Basingstoke, Hampshire RG24 9PJ2
£233K12/220.39 mi11, Tenzing Gardens, Basingstoke, Hampshire RG24 9TW2
£160K05/230.4 mi31, Banbury Way, Basingstoke, Hampshire RG24 9FR2
£168K06/210.4 mi35, Banbury Way, Basingstoke, Hampshire RG24 9FR2
£192.5K12/200.4 mi10, Tenzing Gardens, Popley, Basingstoke, Hampshire RG24 9TW2
£188.5K06/210.4 mi23, Tenzing Gardens, Popley, Basingstoke, Hampshire RG24 9TW2
£184K12/200.42 mi25, Wylie Gardens, Basingstoke, Hampshire RG24 9TU2
£186K04/210.42 mi21, Wylie Gardens, Basingstoke, Hampshire RG24 9TU2
£190K12/200.42 mi13, Wylie Gardens, Basingstoke, Hampshire RG24 9TU2
£177K12/200.43 mi7, John Hunt Drive, Basingstoke, Hampshire RG24 9TX2
£177K03/210.46 mi22, Edmund Court, Basingstoke, Hampshire RG24 9SZ2
£185K02/230.46 mi22, Edmund Court, Basingstoke, Hampshire RG24 9SZ2
£178K12/200.46 mi74, Edmund Court, Popley, Basingstoke, Hampshire RG24 9SZ2
£172.5K12/220.46 mi80, Edmund Court, Popley, Basingstoke, Hampshire RG24 9SZ2
£225K05/230.5 mi27, Mallory Road, Basingstoke, Hampshire RG24 9GB2
£199.9K12/220.51 mi50, Mallory Road, Basingstoke, Hampshire RG24 9GB2
£180K12/220.52 mi11, Bourdillon Gardens, Basingstoke, Hampshire RG24 9GG2
£185K11/210.54 mi173, Pershore Road, Basingstoke, Hampshire RG24 9BG2
£187K11/220.78 mi59 Aspire Place, Shetland Road, Basingstoke, Hampshire RG24 9WH2
£70K11/200.78 mi75 Aspire Place, Shetland Road, Basingstoke, Hampshire RG24 9WH2
£210K02/210.84 mi81, Stratfield Road, Basingstoke, Hampshire RG21 5RT2
£172.5K03/210.91 mi8, Pear Tree Way, Oakridge, Basingstoke, Hampshire RG21 5QE2
£192.5K02/210.93 mi38, Upton Crescent, Basingstoke, Hampshire RG21 5SW2
£200K09/210.98 mi3, St Catherine Road, Basingstoke, Hampshire RG24 9XG2

Local Rents

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

RentDateDistanceAddressBeds 
£1,29503/250.02 mi-2
£1,30012/240.08 mi-2
£1,30007/240.12 miAppleton Drive, Basingstoke RG24 9RX2
£1,25007/240.12 miAppleton Drive, Basingstoke, Hampshire, RG242
£1,35007/240.28 miWheeler Way, Basingstoke2
£1,30009/240.28 miWheeler Way, Basingstoke, RG242
£1,30007/240.39 miBanbury Way, Basingstoke2
£1,10007/240.4 miFaringdon Court, Marnel Park, Basingstoke, RG242
£95002/250.44 mi-2
£1,20003/250.48 mi-2
£1,20011/240.49 mi-2
£1,10007/240.5 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

1.46 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £160,000

November 29, 2024

Floor Plans

Description

  • 2 Bedrooms - 1st Floor -Allocated Parking +
  • 132 Year Lease - £2100 Annual Service - £336 Annual Ground Rent +
  • Council Tax Band C - EPC rated B - No Chain +
  • Electric Heating - Double Glazing - Open Plan Living Dining Kitchen Area +
  • Popular Area - Great Investment - Tenant In Situ +

EweMove - Offered with no onward chain, this first-floor, 2-bedroom apartment offers an excellent investment opportunity. Featuring 2 bedrooms, bathroom, open plan living/kitchen/dining and with allocated parking. Please call for more information and to arrange a viewing.
The apartment features a bright and spacious lounge/diner, perfect for relaxing and entertaining, seamlessly flowing into a well-equipped kitchen. The kitchen includes a range of fitted base and wall units, an integrated hob, oven, fridge/freezer, space for a dishwasher, and washing machine.
Both bedrooms are doubles, with the main bedroom benefiting from built-in wardrobes, while the second bedroom offers generous proportions. The bathroom is fitted with a white suite, including a shower over the bath, WC, and washbasin. Additionally, the hallway provides access to two useful built-in storage cupboards, one of which houses the water tank.
Externally, the property has an allocated parking space to the rear, with additional parking available on the residential roads. Accessed through well-maintained communal areas, the apartment also benefits from electric heating.
Situated in the northeast of Basingstoke, Marnel Park provides excellent access to Reading, Newbury, and nearby villages such as Sherfield on Loddon and Sherborne St John. Chineham Shopping Centre, just 1 mile away, offers convenient access to major stores like Tesco and Marks & Spencer. The nearby villages also provide charming pubs, restaurants, and outdoor activities in the countryside.

Agent Details

EweMove, Basingstoke

01256 637273

Next Steps?

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