3 Bed Terraced House, Refurb/BRRR, Basingstoke, RG23 8AN, £250,000

Watson Way, Basingstoke, Hampshire, RG23 8AN - 2 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~83 m²
+12 photos

ValuationFair Value

Sold Prices£240K - £480K
Sold Prices/m²£2.5K/m² - £5.5K/m²

 

 

Square Metres

~83.33 m²
Price/m²£3K/m²

Value Estimate

£255,000

 

 

End Value (After Refurb)

£278,440

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£16,200

Refurb Costs

£38,350

Bridging Loan Interest

£6,563

Total Cash In

£125,362

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£278,440

Mortgage (After Refinance)

£208,830

Mortgage LTV

75%

Cash Released

£21,330

Cash Left In

£104,032

Equity

£69,610

Rent Range

£1,400 - £1,950

Rent Estimate

£1,619

Running Costs/mo

£1,214

Cashflow/mo

£405

Cashflow/yr

£4,861

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £240K to £480K, average is £325K. £2.5K/m² to £5.5K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£257.5K01/230.03 mi26, Watson Way, Basingstoke, Hampshire RG23 8AN3
£250K10/210.06 mi20, Sycamore Way, Basingstoke, Hampshire RG23 8AD3
£290K01/230.09 mi74, Sycamore Way, Basingstoke, Hampshire RG23 8AG3
£331K01/230.14 mi3, Laburnum Way, Basingstoke, Hampshire RG23 8AL3
£240K06/210.14 mi32, Laburnum Way, Basingstoke, Hampshire RG23 8AL3
£475K07/230.15 mi1, Hazelwood Close, Basingstoke, Hampshire RG23 8LD3
£270K01/230.15 mi43, Lilac Way, Basingstoke, Hampshire RG23 8AH3
£400K10/220.19 mi27, Cedar Way, Basingstoke, Hampshire RG23 8NG3
£401.5K10/220.2 mi16, Cedar Way, Basingstoke, Hampshire RG23 8NG3
£350K06/210.21 mi29, Cedar Way, Basingstoke, Hampshire RG23 8NG3
£250K08/230.23 mi7, Woolford Way, Basingstoke, Hampshire RG23 8AT3
£267.5K09/210.24 mi60, Willoughby Way, Basingstoke, Hampshire RG23 8AX3
£260K09/220.24 mi37, Willoughby Way, Basingstoke, Hampshire RG23 8AX3
£390K08/230.25 mi11, Wellington Terrace, Basingstoke, Hampshire RG23 8HJ3
£375K04/230.25 mi6, Wellington Terrace, Basingstoke, Hampshire RG23 8HJ3
£265K10/200.26 mi59, Wilmott Way, Winklebury, Basingstoke, Hampshire RG23 8AS3
£240K03/210.26 mi61, Wilmott Way, Basingstoke, Hampshire RG23 8AS3
£277K08/210.28 mi129, Warwick Road, Basingstoke, Hampshire RG23 8EA3
£255K01/210.29 mi12, Corfe Walk, Basingstoke, Hampshire RG23 8ED3
£288K08/210.3 mi66, Warwick Road, Basingstoke, Hampshire RG23 8DZ3
£315K01/230.3 mi12, Corfe Walk, Basingstoke, Hampshire RG23 8ED3
£295K08/230.31 mi31, Dover Close, Basingstoke, Hampshire RG23 8EQ3
£480K02/230.31 mi20, Wellington Terrace, Basingstoke, Hampshire RG23 8HL3
£325K09/220.34 mi57, Warwick Road, Winklebury, Basingstoke, Hampshire RG23 8DY3
£381K11/220.34 mi52, Hawthorn Way, Basingstoke, Hampshire RG23 8NQ3
£275K03/210.34 mi24, Dover Close, Basingstoke, Hampshire RG23 8EG3
£365K11/200.37 mi100, Elmwood Way, Basingstoke, Hampshire RG23 8LQ3
£305K04/210.37 mi88, Elmwood Way, Basingstoke, Hampshire RG23 8LQ3
£320K12/200.37 mi68, Elmwood Way, Basingstoke, Hampshire RG23 8LQ3
£405K12/220.37 mi66, Peggs Way, Basingstoke, Hampshire RG24 9FX3
£340K11/200.38 mi45, Highpath Way, Basingstoke, Hampshire RG24 9SU3
£325K02/210.38 mi78, Highpath Way, Basingstoke, Hampshire RG24 9SU3
£360K09/220.4 mi48, Hawthorn Way, Basingstoke, Hampshire RG23 8NQ3
£432.5K12/210.4 mi33, Wellington Terrace, Basingstoke, Hampshire RG23 8HH3
£280K06/210.4 mi31, Wellington Terrace, Basingstoke, Hampshire RG23 8HH3
£295K06/210.4 mi26, Wellington Terrace, Basingstoke, Hampshire RG23 8HH3
£385K07/230.41 mi14, Hawthorn Way, Basingstoke, Hampshire RG23 8NQ3
£320K08/210.41 mi65, Beech Way, Basingstoke, Hampshire RG23 8LS3
£367.5K01/210.41 mi3, Dunsford Crescent, Basingstoke, Hampshire RG23 8HN3
£363K10/210.42 mi3, Waterloo Avenue, Basingstoke, Hampshire RG23 8DL3
£305K06/230.44 mi197, Warwick Road, Winklebury, Basingstoke, Hampshire RG23 8EB3
£315K12/220.44 mi152, Warwick Road, Winklebury, Basingstoke, Hampshire RG23 8EB3
£271K06/230.44 mi156, Warwick Road, Winklebury, Basingstoke, Hampshire RG23 8EB3
£470K12/220.45 mi25, Dunsford Crescent, Basingstoke, Hampshire RG23 8HN3
£425K05/210.45 mi1, Balsan Close, Basingstoke, Hampshire RG24 9SY3
£330K01/230.46 mi25, Ludlow Close, Basingstoke, Hampshire RG23 8QW3
£436K09/220.46 mi14, Carlisle Close, Basingstoke, Hampshire RG23 8JG3
£430.5K04/230.47 mi7, Carlisle Close, Basingstoke, Hampshire RG23 8JG3
£400K06/230.47 mi15, Carlisle Close, Basingstoke, Hampshire RG23 8JG3
£343K03/210.47 mi5, Carlisle Close, Basingstoke, Hampshire RG23 8JG3

Local Rents

16 rents from £1.4K/mo to £1.9K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,40007/240.14 miLaburnum Way, Basingstoke3
£1,60007/240.21 mi-3
£1,49508/240.28 miWinklebury, Basingstoke3
£1,60007/240.32 miDownside Close, Basingstoke3
£1,65007/240.32 miBeech Way3
£1,60007/240.32 miDownside Close, Basingstoke, Hampshire, RG243
£1,75007/240.45 miBalsan Close, Basingstoke3
£1,65008/240.48 miCarlisle Close, Basingstoke, RG233
£1,65008/240.48 mi-3
£1,55007/240.52 miRoman Park3
£1,65007/240.54 mi-3
£1,75010/240.54 mi-3
£1,46009/240.57 mi-3
£1,95003/250.58 mi-3
£1,55007/240.58 miRooksdown, Basingstoke3
£1,60007/240.6 miWatertower Way, Basingstoke3

Local Area Statistics

Population in RG23

12,114

Population in Basingstoke

120,645

Town centre distance

0.64 miles away

Nearest school

0.10 miles away

Nearest train station

1.20 miles away

 

 

Rental growth (12m)

+43%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £250,000

December 28, 2024

Floor Plans

Description

A great opportunity for those looking for a good value home and prepared for general modernisation. An end of terrace, brick built three bedroom house which has gas fired radiator central heating and double glazing but requires the kitchen upgrading and general decoration. The hall is large and many other owners have created utility rooms or downstairs cloakrooms here (subject to permissions). There is a lounge, a kitchen/dining room with double doors to the garden. Upstairs are three bedrooms, a bathroom and separate toilet. Outside is an enclosed rear garden.
For sale with no onward chain.
Nearby facilities include a supermarket, public house, Post Office/convenience store and takeaway. The extensive facilities the town has to offer are all easily reached and range from indoor sky diving and ten pin bowling to theatres and museums. There are cinemas and sports centres and the shops, bars and restaurants of Festival Place.
There is a main line railway station with frequent service to London (Waterloo from 45 minutes) and M3 motorway access is available at junctions 6 and 7.

Agent Details

Gascoigne-Pees, Basingstoke

01256 678811

Next Steps?

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