3 Bed Terraced House, Single Let, Basingstoke, RG24 9AR, £265,000

Orkney Close, Basingstoke, RG24 9AR - 5 months ago

Sold STC
BTL
ROI: 4%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£190K - £500K
Sold Prices/m²£2.1K/m² - £5.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.8K/m²

Value Estimate

£290,494
BMV10%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£9,900

Total Cash In

£76,150

 

 

Cash Out

 

Rent Range

£1,350 - £1,750

Rent Estimate

£1,373

Running Costs/mo

£1,123

Cashflow/mo

£250

Cashflow/yr

£3,003

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £190K to £500K, average is £282.5K. £2.1K/m² to £5.2K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£223.5K02/210.04 mi24, Maldive Road, Basingstoke, Hampshire RG24 9AS3
£265K02/230.1 mi34, Lundy Close, Basingstoke, Hampshire RG24 9AJ3
£230.5K11/200.12 mi119, Maldive Road, Basingstoke, Hampshire RG24 9AX3
£245K06/210.13 mi3, Lundy Close, Basingstoke, Hampshire RG24 9AH3
£235K01/210.13 mi22, Lundy Close, Basingstoke, Hampshire RG24 9AH3
£310K06/230.17 mi45, Cayman Close, Basingstoke, Hampshire RG24 9AQ3
£205K03/210.17 mi40, Cayman Close, Basingstoke, Hampshire RG24 9AQ3
£250K02/230.2 mi21, Cayman Close, Basingstoke, Hampshire RG24 9AG3
£265K04/210.27 mi13, Falkland Road, Basingstoke, Hampshire RG24 9PH3
£230K12/200.29 mi29, Milton Close, Basingstoke, Hampshire RG24 9BT3
£290K02/230.29 mi6, Milton Close, Basingstoke, Hampshire RG24 9BT3
£315K07/230.32 mi179, Falkland Road, Basingstoke, Hampshire RG24 9PN3
£270K04/230.32 mi25, Chaucer Close, Basingstoke, Hampshire RG24 9DN3
£250K07/230.32 mi8, Chaucer Close, Basingstoke, Hampshire RG24 9DN3
£455K01/230.35 mi8, Minden Close, Chineham, Basingstoke, Hampshire RG24 8TH3
£275K12/200.35 mi10, Hathaway Gardens, Basingstoke, Hampshire RG24 9BF3
£295K01/210.35 mi33, Hathaway Gardens, Basingstoke, Hampshire RG24 9BF3
£325K10/200.36 mi71, Great Oaks Chase, Chineham, Basingstoke, Hampshire RG24 8WW3
£366K06/210.36 mi5, Great Oaks Chase, Chineham, Basingstoke, Hampshire RG24 8WW3
£430K02/230.36 mi5, Great Oaks Chase, Chineham, Basingstoke, Hampshire RG24 8WW3
£190K07/210.36 mi55, Dryden Close, Basingstoke, Hampshire RG24 9DL3
£258.5K08/210.39 mi6, Anglesey Close, Basingstoke, Hampshire RG24 9PP3
£245K04/210.39 mi5, Anglesey Close, Basingstoke, Hampshire RG24 9PP3
£325K04/230.4 mi61, Falkland Road, Basingstoke, Hampshire RG24 9PJ3
£305K01/230.41 mi12, Anglesey Close, Basingstoke, Hampshire RG24 9PP3
£300K10/200.42 mi2, Wylie Gardens, Basingstoke, Hampshire RG24 9TU3
£370.2K02/230.43 mi3, Edmund Court, Basingstoke, Hampshire RG24 9FA3
£280K12/220.43 mi24, Marlowe Close, Popley, Basingstoke, Hampshire RG24 9DD3
£400K07/230.44 mi16a, Reading Road, Chineham, Basingstoke, Hampshire RG24 8LN3
£500K07/230.44 mi21, Reading Road, Chineham, Basingstoke, Hampshire RG24 8LN3
£280K12/200.44 mi48, Little Copse Chase, Chineham, Basingstoke, Hampshire RG24 8GL3
£290K01/210.46 mi19, Long Acre Rise, Chineham, Basingstoke, Hampshire RG24 8BD3
£305K04/230.48 mi41, Browning Close, Basingstoke, Hampshire RG24 9DQ3
£307.5K04/210.5 mi9, Irvine Crescent, Basingstoke, Hampshire RG24 9TS3
£315K06/230.5 mi32, Malta Close, Basingstoke, Hampshire RG24 9PD3
£240K10/200.5 mi32, Malta Close, Basingstoke, Hampshire RG24 9PD3
£270K07/230.5 mi47, Malta Close, Basingstoke, Hampshire RG24 9PD3
£275K09/210.51 mi1, Montserrat Road, Basingstoke, Hampshire RG24 9PF3
£316K01/230.52 mi1, Montserrat Road, Popley, Basingstoke, Hampshire RG24 9PF3
£235K02/210.52 mi18, Tasmania Close, Basingstoke, Hampshire RG24 9PQ3
£290K11/220.52 mi1, Tasmania Close, Basingstoke, Hampshire RG24 9PQ3
£242K01/210.52 mi29, Tasmania Close, Basingstoke, Hampshire RG24 9PQ3
£310K02/230.55 mi4, Guernsey Close, Basingstoke, Hampshire RG24 9PS3
£265K06/210.55 mi57, Guernsey Close, Basingstoke, Hampshire RG24 9PS3
£278K06/210.56 mi43, Pershore Road, Popley, Basingstoke, Hampshire RG24 9BE3
£330K05/210.56 mi66, Long Copse Chase, Chineham, Basingstoke, Hampshire RG24 8WL3
£320K01/210.56 mi15, Long Copse Chase, Chineham, Basingstoke, Hampshire RG24 8WL3
£435K06/230.57 mi12, Wood End, Chineham, Basingstoke, Hampshire RG24 8TG3
£285K03/210.58 mi38, Freemantle Close, Basingstoke, Hampshire RG21 4JH3
£245K03/210.58 mi21, Freemantle Close, Basingstoke, Hampshire RG21 4JH3

Local Rents

24 rents from £1.4K/mo to £1.8K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,40007/240.22 miByron Close, Popley, Basingstoke, RG243
£1,50007/240.24 miLawrence Close, Basingstoke3
£1,40008/240.25 miLawrence Close, Basingstoke3
£1,35007/240.29 miChaucer Close, BASINGSTOKE3
£1,50004/250.31 mi-3
£1,50002/250.31 mi-3
£1,75001/250.37 mi-3
£1,50002/250.39 mi-3
£1,50003/250.41 mi-3
£1,55010/240.42 mi-3
£1,75009/240.43 miEdmund Court, Basingstoke3
£1,60009/240.43 mi-3
£1,60011/240.43 mi-3
£1,60007/240.43 miWylie Gardens, Basingstoke, RG243
£1,60008/240.43 miWylie Gardens, Basingstoke, RG243
£1,44007/240.45 mi-3
£1,50012/240.46 mi-3
£1,39508/240.47 miBermuda Close, Basingstoke, RG243
£1,45008/240.47 miBermuda Close3
£1,49507/240.51 miJohn Hunt Drive3
£1,49507/240.51 miJohn Hunt Drive, Basingstoke3
£1,60007/240.55 miOakridge Road, Basingstoke, Hampshire, RG213
£1,55007/240.57 mi-3
£1,45007/240.58 miWateridge Road, Basingstoke, Hampshire, RG213

Local Area Statistics

Population in RG24

31,488

Population in Basingstoke

120,645

Town centre distance

2.16 miles away

Nearest school

0.20 miles away

Nearest train station

1.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £265,000

December 3, 2024

Sold for £61,500

1999

Floor Plans

Description

  • No onward chain +
  • 3 Bedroom mid terraced family home +
  • Great first time purchase for someone in the trade +
  • Refurbishment opportunity +
  • Perfect investment property +
  • Double glazed throughout +
  • Updated boiler and gas central heated +
  • Good sized rear garden +
  • Walking distance to good local shops and Schools +
  • Communal parking bays in the close +

Yopa are delighted to offer for sale this good sized 3 bedroom mid terraced family home that needs updating and a refurbishment opportunity for the right buyer.  A perfect investment property or a great first time purchase for a buyer in the trade and is offered for sale with no onward chain complications.  Located within walking distance to good local shops and Schools and close to miles of woodland and countryside walks in Abbey Woods.  The property is also within easy reach of the A33 leading to Reading and the M4 and also close to junction 6 of the M3.  Basingstoke mainline train station is only a few miles away and gives access to London Waterloo in approximately 45 minutes, making this an ideal property for buyers looking to commute into London or needing the M3 and M4 corridors.  The property has an updated boiler and is gas central heated throughout with double glazing.  There is a 25ft open plan lounge dining room that was previously 2 separate reception rooms. There is a fitted kitchen and downstairs cloakroom.  The first floor has 3 bedrooms and 2 are good sized double bedrooms with a single bedroom 3.  There is also a 3 piece fitted bathroom suite on the first floor.  To the outside is a good sized rear garden which is not overlooked.  To the front is an enclosed front garden with large lockable shed/storage cupboard.    Parking within the close is via communal parking bays just next to the property. 

EPC band: D Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, South East & London

01322 952994

Next Steps?

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