3 Bed Terraced House, Refurb/BRRR, Basingstoke, RG21 5TX, £340,000

Millard Close, Basingstoke, RG21 5TX - 4 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+22 photos

ValuationOvervalued

Sold Prices£202K - £450K
Sold Prices/m²£2.2K/m² - £4.5K/m²

 

 

Square Metres

~93 m²
Price/m²£3.7K/m²

Value Estimate

£289,651

 

 

End Value (After Refurb)

£335,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£85,000

Stamp Duty & Legal Fees

£15,900

Refurb Costs

£42,800

Bridging Loan Interest

£8,925

Total Cash In

£154,375

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£335,000

Mortgage (After Refinance)

£251,250

Mortgage LTV

75%

Cash Left In

£154,375

Equity

£83,750

Rent Range

£1,395 - £4,250

Rent Estimate

£1,804

Running Costs/mo

£1,428

Cashflow/mo

£376

Cashflow/yr

£4,516

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £202K to £450K, average is £310K. £2.2K/m² to £4.5K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£240K06/210 mi103, Millard Close, Basingstoke, Hampshire RG21 5TX3
£225K04/210 mi82, Millard Close, Basingstoke, Hampshire RG21 5TX3
£250K05/230 mi72, Millard Close, Basingstoke, Hampshire RG21 5TX3
£265K03/210.06 mi2, Millard Close, Basingstoke, Hampshire RG21 5TT3
£315K01/210.24 mi21, Merton Road, Basingstoke, Hampshire RG21 5UA3
£325K12/200.25 mi5, Stratfield Road, Basingstoke, Hampshire RG21 5RS3
£345K12/200.25 mi7, Stratfield Road, Basingstoke, Hampshire RG21 5RS3
£377K03/230.26 mi55, Lancaster Road, Basingstoke, Hampshire RG21 5UF3
£280K03/210.27 mi27, Oakridge Road, Oakridge, Basingstoke, Hampshire RG21 5SE3
£335K06/210.27 mi40, Sherborne Road, Basingstoke, Hampshire RG21 5TL3
£261.5K06/210.27 mi378, Abbey Road, Popley, Basingstoke, Hampshire RG24 9EL3
£305K03/230.27 mi418, Abbey Road, Popley, Basingstoke, Hampshire RG24 9EL3
£202K06/210.27 mi423, Abbey Road, Popley, Basingstoke, Hampshire RG24 9EL3
£321K03/210.28 mi4, Upton Crescent, Basingstoke, Hampshire RG21 5SN3
£335K02/210.28 mi18, Upton Crescent, Basingstoke, Hampshire RG21 5SN3
£330K02/210.28 mi20, Stratfield Road, Basingstoke, Hampshire RG21 5SD3
£348K03/230.28 mi2, Stratfield Road, Basingstoke, Hampshire RG21 5SD3
£382.5K06/230.29 mi2, Lancaster Road, Basingstoke, Hampshire RG21 5UE3
£285K09/210.3 mi354, Abbey Road, Basingstoke, Hampshire RG24 9EJ3
£273K03/210.3 mi364, Abbey Road, Basingstoke, Hampshire RG24 9EJ3
£270K03/210.3 mi342, Abbey Road, Popley, Basingstoke, Hampshire RG24 9EJ3
£333K11/200.32 mi34, Sherborne Road, Basingstoke, Hampshire RG21 5TQ3
£270K07/230.34 mi437, Abbey Road, Popley, Basingstoke, Hampshire RG24 9EN3
£265K03/230.34 mi435, Abbey Road, Popley, Basingstoke, Hampshire RG24 9EN3
£300K04/230.34 mi458, Abbey Road, Popley, Basingstoke, Hampshire RG24 9EN3
£285K06/210.35 mi315, Abbey Road, Popley, Basingstoke, Hampshire RG24 9EH3
£345K07/230.37 mi27, Upton Crescent, Basingstoke, Hampshire RG21 5SW3
£325K02/230.37 mi45, Upton Crescent, Basingstoke, Hampshire RG21 5SW3
£390K04/210.37 mi4, Darlington Road, Basingstoke, Hampshire RG21 5NY3
£315K04/210.37 mi32, Kingsclere Road, Basingstoke, Hampshire RG21 5UQ3
£408K06/230.37 mi15, Kingsclere Road, Basingstoke, Hampshire RG21 5UQ3
£250K12/220.38 mi98, Melrose Walk, Basingstoke, Hampshire RG24 9HG3
£350K11/210.39 mi121, Stratfield Road, Basingstoke, Hampshire RG21 5RT3
£410K05/230.4 mi81, Oakridge Road, Oakridge, Basingstoke, Hampshire RG21 5SF3
£450K02/230.4 mi11, Lancaster Road, Basingstoke, Hampshire RG21 5UE3
£435K03/210.41 mi22, Richmond Road, Basingstoke, Hampshire RG21 5NX3
£316K01/210.42 mi9, Sherborne Road, Basingstoke, Hampshire RG21 5TH3
£385K08/210.42 mi17, Maple Crescent, Basingstoke, Hampshire RG21 5SX3
£230K01/210.47 mi25, Tintern Close, Basingstoke, Hampshire RG24 9HE3
£250K06/230.47 mi7, Tintern Close, Basingstoke, Hampshire RG24 9HE3
£395K11/200.47 mi8, Burgess Road, Basingstoke, Hampshire RG21 5NP3
£295K11/210.51 mi556, Abbey Road, Basingstoke, Hampshire RG24 9ER3
£256K03/210.51 mi558, Abbey Road, Popley, Basingstoke, Hampshire RG24 9ER3
£255K12/200.51 mi583, Abbey Road, Popley, Basingstoke, Hampshire RG24 9ER3
£272.5K05/210.53 mi24, Scotney Road, Basingstoke, Hampshire RG21 5SP3
£247.5K02/210.53 mi20, Buckfast Close, Basingstoke, Hampshire RG24 9HD3
£270K02/230.53 mi37, Buckfast Close, Popley, Basingstoke, Hampshire RG24 9HD3
£375K08/230.54 mi221, Sinclair Drive, Basingstoke, Hampshire RG21 6AG3
£380K04/230.55 mi116, Stratfield Road, Basingstoke, Hampshire RG21 5SA3
£285K03/210.55 mi10, Trinity Way, Basingstoke, Hampshire RG24 9QJ3

Local Rents

20 rents from £1.4K/mo to £4.3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,50007/240.1 miMillard Close, Basingstoke3
£1,45002/250.15 mi-3
£1,75007/240.38 miFullbrook Drive, Basingstoke, RG213
£1,70003/250.42 mi-3
£1,60008/240.43 miBasingstoke, RG213
£1,57511/240.44 mi-3
£1,60011/240.53 mi-3
£1,60011/240.53 mi-3
£4,25009/240.53 mi-3
£1,40011/230.53 mi-3
£1,67506/240.53 mi-3
£1,70007/240.54 miSinclair Drive, Basingstoke, Hampshire, RG213
£1,55004/250.56 mi-3
£1,70004/250.59 mi-3
£1,65007/240.6 mi-3
£1,55007/240.6 miSherbourne Fields, Basingstoke3
£1,55007/240.61 mi-3
£1,55007/240.61 mi-3
£1,55003/250.61 mi-3
£1,39502/250.62 mi-3

Local Area Statistics

Population in RG21

26,623

Population in Basingstoke

120,645

Town centre distance

0.88 miles away

Nearest school

0.20 miles away

Nearest train station

0.70 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Listed for £340,000

December 5, 2024

Description

  • Agent ID - 3263 +
  • Full renovation +
  • Three double bedrooms +
  • Front and rear extension +
  • Electrical re wire +
  • South facing +
  • New kitchen +
  • First time buyers +

VC Estates welcomes to the market this beautifully Refurbished Three-Bedroom Mid-Terrace property located in Millard close.

This fully renovated property on Millard Close offers a blend of modern finishes and thoughtful design, all in a convenient location close to the hospital, train station, town centre, and within a great school catchment area. Local shops, pubs, and amenities are just a short distance away, making it an ideal home for families.

Key Features:

Front Extension:
A versatile space that works perfectly as a home office or study, enhanced by a large skylight that brings in ample natural light.

Entrance Hall:
The hallway features a modern downstairs W/C and practical storage cupboards that extend under and around the staircase, offering plenty of organized space.

Lounge/Diner:

A spacious, open-plan area made even brighter by a rear extension. Features include bi-folding doors, skylights, and spotlights, all designed to complement the flow of light into the south-facing garden, which enjoys sunshine throughout the day.

Refitted Kitchen:

The kitchen has been upgraded with a Howdens design, offering a wrap-around layout with plenty of worktop space and room for freestanding appliances.

Upstairs Layout:

Two Large Double Bedrooms with new woodwork and ample storage.
One Small Double Bedroom ideal for a guest room, child’s bedroom, or additional storage.
A functional wet room-style bathroom, adding a modern touch to the family space.

Additional Benefits:

Full Electrical Rewire – Updated throughout the property.
New Boiler – Installed less than 2 years ago and regularly serviced.
Double-Glazed Windows – Recently replaced for added comfort and energy efficiency.
Exterior Upgrades – The front has been re-cladded with a new wall and block paving.
Landscaped Gardens – Both the front and south-facing rear gardens have been refreshed, with the addition of outdoor lighting.
Neutral Interior Decor – Painted in white throughout, leaving the flooring choice open for the new owners to personalise.
A Contemporary Home with a Classic Frame
This property offers a "new build" feel while retaining the character of its original structure, making it ideal for buyers looking for modern living in an established setting.

Important Note: This is a timber frame property. Buyers are advised to confirm mortgage eligibility with their lender. Floorplan also pending.

For more information or to arrange a viewing, contact VC Estates today to avoid missing out on this wonderful property.

Agent Details

VC ESTATES, South East

03001 247744

Next Steps?

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

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