2 Bed Flat, Single Let, Basingstoke, RG24 9WH, £190,000

Shetland Road, Basingstoke, Hampshire, RG24 9WH - 4 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~74 m²
+7 photos

ValuationUndervalued

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

 

 

Square Metres

~74 m²
Price/m²£2.6K/m²

Value Estimate

£230,377
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Total Cash In

£58,200

 

 

Cash Out

 

Rent Range

£1,050 - £1,500

Rent Estimate

£1,109

Running Costs/mo

£836

Cashflow/mo

£273

Cashflow/yr

£3,281

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £70K to £255K, average is £189.3K. £1.2K/m² to £43.5K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£187K11/220.01 mi59 Aspire Place, Shetland Road, Basingstoke, Hampshire RG24 9WH2
£70K11/200.02 mi75 Aspire Place, Shetland Road, Basingstoke, Hampshire RG24 9WH2
£180K12/220.34 mi11, Bourdillon Gardens, Basingstoke, Hampshire RG24 9GG2
£172.5K12/220.39 mi80, Edmund Court, Popley, Basingstoke, Hampshire RG24 9SZ2
£177K03/210.4 mi22, Edmund Court, Basingstoke, Hampshire RG24 9SZ2
£185K02/230.4 mi22, Edmund Court, Basingstoke, Hampshire RG24 9SZ2
£178K12/200.4 mi74, Edmund Court, Popley, Basingstoke, Hampshire RG24 9SZ2
£199.9K12/220.4 mi50, Mallory Road, Basingstoke, Hampshire RG24 9GB2
£225K05/230.41 mi27, Mallory Road, Basingstoke, Hampshire RG24 9GB2
£184K12/200.46 mi25, Wylie Gardens, Basingstoke, Hampshire RG24 9TU2
£186K04/210.46 mi21, Wylie Gardens, Basingstoke, Hampshire RG24 9TU2
£190K12/200.46 mi13, Wylie Gardens, Basingstoke, Hampshire RG24 9TU2
£179.9K03/210.48 mi67a, Falkland Road, Basingstoke, Hampshire RG24 9PJ2
£192.5K12/200.52 mi10, Tenzing Gardens, Popley, Basingstoke, Hampshire RG24 9TW2
£188.5K06/210.52 mi23, Tenzing Gardens, Popley, Basingstoke, Hampshire RG24 9TW2
£233K12/220.53 mi11, Tenzing Gardens, Basingstoke, Hampshire RG24 9TW2
£177K12/200.54 mi7, John Hunt Drive, Basingstoke, Hampshire RG24 9TX2
£172.5K03/210.57 mi8, Pear Tree Way, Oakridge, Basingstoke, Hampshire RG21 5QE2
£212K07/230.61 mi60, Cowslip Bank, Lychpit, Basingstoke, Hampshire RG24 8RR2
£185K11/210.63 mi173, Pershore Road, Basingstoke, Hampshire RG24 9BG2
£185K11/210.64 mi23, Tobago Close, Basingstoke, Hampshire RG24 9PX2
£195K09/210.69 mi29, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£202K10/220.69 mi29, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£220K12/220.72 mi25, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£198K11/200.72 mi25, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£167K09/210.72 mi5, Barrington Drive, Basingstoke, Hampshire RG24 9RS2
£165K12/200.72 mi14, Barrington Drive, Basingstoke, Hampshire RG24 9RS2
£205K04/210.75 mi33, Warner Close, Basingstoke, Hampshire RG24 9RY2
£195K08/210.78 mi1, Elvetham Rise, Chineham, Basingstoke, Hampshire RG24 8ET2
£205K08/230.79 mi12, Norn Hill Close, Basingstoke, Hampshire RG21 4HF2
£200K06/230.79 mi12, De Port Gardens, Chineham, Basingstoke, Hampshire RG24 8EW2
£165K12/200.8 mi79, Englefield Way, Basingstoke, Hampshire RG24 9SF2
£186.5K02/230.85 miFlat 66, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£205K12/200.85 miFlat 58, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£205K04/230.85 miFlat 23, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£190K03/230.85 miFlat 73, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£200K07/230.85 miFlat 74, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£195K02/230.85 miFlat 80, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£200K02/230.85 miFlat 87, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£185K09/210.85 miFlat 63, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£97.5K11/210.85 mi25, Egerton Drive, Basingstoke, Hampshire RG24 9FG2
£220K11/200.85 mi16, Pyotts Court, Old Basing, Basingstoke, Hampshire RG24 8WT2
£205K03/210.85 mi6, Pyotts Court, Old Basing, Basingstoke, Hampshire RG24 8WT2
£205K11/200.92 mi9, Coppice Pale, Chineham, Basingstoke, Hampshire RG24 8JU2
£160K05/230.94 mi31, Banbury Way, Basingstoke, Hampshire RG24 9FR2
£168K06/210.94 mi35, Banbury Way, Basingstoke, Hampshire RG24 9FR2
£255K11/220.97 mi4, Carter Drive, Basingstoke, Hampshire RG24 9UL2
£210K02/210.97 mi81, Stratfield Road, Basingstoke, Hampshire RG21 5RT2
£182.5K04/210.97 mi38, Richards Field, Chineham, Basingstoke, Hampshire RG24 8JZ2
£182K03/210.97 mi32, Richards Field, Chineham, Basingstoke, Hampshire RG24 8JZ2

Local Rents

12 rents from £1.1K/mo to £1.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,05009/240.01 miShetland Road, Basingstoke2
£1,20003/250.36 mi-2
£1,20011/240.37 mi-2
£1,10007/240.41 miMallory Road2
£1,30007/240.42 miChineham2
£1,17510/230.42 miChineham,Basingstoke,RG242
£1,25007/240.42 miGreat Oaks Chase, Chineham2
£1,50007/240.44 mi-2
£1,26007/240.51 miLittle Copse Chase2
£1,47501/250.53 mi-2
£1,12508/240.55 mi-2
£1,30008/240.57 miCloverfield, Lychpit, Basingstoke, RG242

Local Area Statistics

Population in RG24

31,488

Population in Basingstoke

120,645

Town centre distance

2.12 miles away

Nearest school

0.30 miles away

Nearest train station

1.21 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £190,000

December 13, 2024

Floor Plans

Description

  • Two Bedrooms +
  • Secure Entry Phone System +
  • Lift Access +
  • Excellent Condition +
  • Communal Parking +
  • Close to Great Amenities +
  • Good Schools Nearby +
  • EPC: C (80) +
  • Council Tax Band: C +

Located in the popular area of Popley, this two bedroom purpose built flat is in excellent condition throughout. Sitting on the fifth floor, the property offers some excellent elevated views from the balcony and windows. With easy lift access, the stairs are no bother at all, and there is ample communal parking for all residents to keep things convenient.
The layout of this flat is exceptionally practical, from the wide and long hallway through to the lounge/diner with an offset kitchen area that feels separate to the main living area. There is a huge amount of storage with this apartment and both bedrooms are of a great size, with the main bedroom benefitting from built-in wardrobes. These are supported by a generous bathroom which is in great condition also.

Situated on Shetland Road in Popley, the building is local to several convenience stores, a primary school, take away shops, a post office, and a pharmacy. The Basingstoke town centre is less than two miles away, housing the Festival Place Shopping Centre and train station with a direct line to London Waterloo. There are bus stops near to the property, providing regulars services into town and across Basingstoke. The home is near to a grand open field and woodland area providing opportunity for fresh air and walks. The location also benefits from being close to Chineham Business Park and Chineham shopping centre offering a variety of shops and stores. There is easy access to the A30 to Reading and M3 via car.

Lease remaining: 112 Years as of December 2024
Services Charges: £1,980 per annum - Reviewed: Annually
Ground Rent: £TBC per annum - Reviewed: Annually
Council Tax Band: C

Lease details, service charges, ground rent, maintenance charges (where applicable), and council tax are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts.

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Agent Details

Bridges Estate Agents, Basingstoke

01256 638835

Next Steps?

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