2 Bed Flat, Single Let, Fleet, GU51 2XF, £210,000

Falkners Close, Fleet, Hampshire, GU51 2XF - 2 views - 3 months ago

Leasehold

BTL

ROI: 6%

~68 m²

+2 photos

ValuationUndervalued

Sold Prices	£161K - £335K
Sold Prices/m²	£2.3K/m² - £5.1K/m²

Square Metres	~68.11 m²
Price/m²	£3.1K/m²
Value Estimate	£251,027£251,027
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£52,500£52,500
Stamp Duty & Legal Fees	£7,500£7,500
Total Cash In	£60,000£60,000

Cash Out
Rent Range	£900 - £2,500£900 - £2,500
Rent Estimate	£1,200
Running Costs/mo	£916£916
Cashflow/mo	£284£284
Cashflow/yr	£3,405£3,405
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £161K to £335K, average is £235.4K. £2.3K/m² to £5.1K/m², average is £3.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£195K	08/21	0 mi	3, Falkners Close, Fleet, Hampshire GU51 2XF	£3,305	59	2	Flat
£218.5K	03/23	0.06 mi	20, Ellen Drive, Fleet, Hampshire GU51 2XH	£4,046	54	2	Flat
£230K	04/23	0.07 mi	9, Ellen Drive, Fleet, Hampshire GU51 2XH	£4,423	52	2	Flat
£161K	02/21	0.22 mi	40, Saddleback Way, Fleet, Hampshire GU51 2US	£2,981	54	2	Flat
£230K	05/23	0.24 mi	37, Saddleback Way, Fleet, Hampshire GU51 2UR	£4,423	52	2	Flat
£252K	03/21	0.3 mi	44, Tamworth Drive, Fleet, Hampshire GU51 2UP	£3,316	76	2	Flat
£233.5K	01/23	0.34 mi	12a, Old Cove Road, Fleet, Hampshire GU51 2RL	£2,322	101	2	Flat
£231K	11/20	0.37 mi	23, Waterside Court, Fleet, Hampshire GU51 2RH	£4,442	52	2	Flat
£195K	07/23	0.37 mi	10, Waterside Court, Fleet, Hampshire GU51 2RH	£3,687	53	2	Flat
£225K	11/22	0.37 mi	48, Waterside Court, Fleet, Hampshire GU51 2RH	-	-	2	Flat
£265K	11/22	0.43 mi	78, Tamworth Drive, Fleet, Hampshire GU51 2UP	£3,897	68	2	Flat
£210K	02/21	0.6 mi	28, Bramshott Place, Fleet, Hampshire GU51 4QF	£3,231	65	2	Flat
£276K	02/21	0.65 mi	10, Cranbrook Court, Fleet, Hampshire GU51 4QA	£3,043	91	2	Flat
£270K	12/20	0.66 mi	99, Kenilworth Road, Fleet, Hampshire GU51 3AY	£4,500	60	2	Flat
£250K	05/23	0.71 mi	Flat 7, Ulric House, Waleron Road, Fleet, Hampshire GU51 1GE	-	-	2	Flat
£233K	08/21	0.9 mi	Flat 3, Beaumont Court, Harrow Road, Fleet, Hampshire GU51 1JE	-	-	2	Flat
£250K	08/21	0.98 mi	6, Bluebell Walk, Fleet, Hampshire GU51 4ST	£3,086	81	2	Flat
£281.5K	05/21	0.98 mi	11, Bluebell Walk, Fleet, Hampshire GU51 4ST	£3,881	73	2	Flat
£235.8K	10/21	1 mi	Flat 3, Potkiln House, Rykmansford Road, Fleet, Hampshire GU51 1LH	-	-	2	Flat
£235K	10/21	1 mi	Flat 6, Maudit House, Rykmansford Road, Fleet, Hampshire GU51 1LH	-	-	2	Flat
£300K	02/23	1.02 mi	21, Primrose Walk, Fleet, Hampshire GU51 4SS	£4,054	74	2	Flat
£235K	02/23	1.02 mi	Flat 4, Maudit House, Rykmansford Road, Fleet, Hampshire GU51 1LH	-	-	2	Flat
£258K	08/21	1.02 mi	6, Primrose Walk, Fleet, Hampshire GU51 4SS	£2,804	92	2	Flat
£210K	08/21	1.04 mi	37, Pegasus Court, Fleet, Hampshire GU51 4SX	£3,684	57	2	Flat
£185K	03/21	1.04 mi	4, Pegasus Court, Fleet, Hampshire GU51 4SX	£3,304	56	2	Flat
£180K	05/21	1.04 mi	15, Pegasus Court, Fleet, Hampshire GU51 4SX	£3,051	59	2	Flat
£240K	09/21	1.04 mi	36, Pegasus Court, Fleet, Hampshire GU51 4SX	£4,364	55	2	Flat
£265K	08/21	1.04 mi	3, King John Street, Fleet, Hampshire GU51 1HX	£3,909	68	2	Flat
£245K	11/20	1.08 mi	Flat 8, Latimer House, Marrow Meade, Fleet, Hampshire GU51 1JL	-	-	2	Flat
£225K	07/21	1.09 mi	Flat 3, Worcester Court, King John Street, Fleet, Hampshire GU51 1HY	-	-	2	Flat
£225K	07/21	1.09 mi	Flat 3, Worcester Court, King John Street, Fleet, Hampshire GU51 1HY	-	-	2	Flat
£221K	03/21	1.09 mi	Flat 4, Worcester Court, King John Street, Fleet, Hampshire GU51 1HY	-	-	2	Flat
£232.5K	06/21	1.09 mi	Flat 2, Worcester Court, King John Street, Fleet, Hampshire GU51 1HY	-	-	2	Flat
£225K	08/21	1.1 mi	28, Old Dairy Close, Fleet, Hampshire GU51 3SJ	£3,516	64	2	Flat
£225K	02/21	1.1 mi	44, Old Dairy Close, Fleet, Hampshire GU51 3SJ	£3,409	66	2	Flat
£285K	06/21	1.16 mi	Flat 6, Church Court, Church Road, Fleet, Hampshire GU51 4ND	-	-	2	Flat
£300K	08/21	1.16 mi	Flat 5, Church Court, Church Road, Fleet, Hampshire GU51 4ND	-	-	2	Flat
£275K	03/23	1.16 mi	Flat 8, Church Court, Church Road, Fleet, Hampshire GU51 4ND	-	-	2	Flat
£270K	03/23	1.19 mi	Flat 2, Bernard House, East Hundreds, Fleet, Hampshire GU51 1HW	-	-	2	Flat
£252K	05/23	1.22 mi	Flat 9, Whitsbury House, Twyford Close, Fleet, Hampshire GU51 1JY	-	-	2	Flat
£265K	05/23	1.3 mi	2, Bromfield Place, Fleet, Hampshire GU51 1EU	£3,575	74	2	Flat
£200K	11/20	1.34 mi	Flat 5, Wespall House, Wintney Street, Elvetham Heath, Fleet, Hampshire GU51 1AW	-	-	2	Flat
£207.5K	06/21	1.47 mi	9a, Reading Road South, Fleet, Hampshire GU52 7QP	£3,843	54	2	Flat
£215K	07/22	1.48 mi	Flat 3, Alwood House, Reading Road South, Fleet, Hampshire GU52 7QL	£5,119	42	2	Flat
£335K	09/22	1.52 mi	Flat 10, Waters Edge, Reading Road South, Fleet, Hampshire GU52 7SB	-	-	2	Flat
£300K	12/20	1.52 mi	Flat 4, Waters Edge, Reading Road South, Fleet, Hampshire GU52 7SB	-	-	2	Flat
£261K	02/23	1.55 mi	58, Maple Avenue, Farnborough, Hampshire GU14 9UR	£3,896	67	2	Flat
£270K	06/21	1.55 mi	Flat 28, Grace Gardens, Crookham Road, Fleet, Hampshire GU51 5TB	-	-	2	Flat
£245K	05/21	1.57 mi	39 Grace Gardens, Crookham Road, Fleet, Hampshire GU51 5TB	-	-	2	Flat
£270K	06/21	1.57 mi	Flat 28, Grace Gardens, Crookham Road, Fleet, Hampshire GU51 5TB	-	-	2	Flat

Local Rents

18 rents from £900/mo to £2.5K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,300	04/24	0 mi	Falkner House, Fleet	2	Flat
£1,250	04/24	0.07 mi	Ellen Drive, Fleet, Hampshire	2	Flat
£1,400	04/25	0.15 mi	-	2	Flat
£1,600	04/24	0.19 mi	Ancells Farm	2	House
£1,450	01/25	0.23 mi	-	2	Flat
£1,450	12/24	0.23 mi	-	2	Flat
£1,450	01/25	0.23 mi	-	2	Flat
£1,500	04/24	0.28 mi	Lorica House Fleet	2	Flat
£2,500	04/24	0.31 mi	Fairway Heights, Fleet	2	Flat
£2,500	04/24	0.31 mi	Fairway Heights, Fleet	2	Flat
£1,250	04/24	0.35 mi	Fleet House, Ancells Farm	2	Flat
£1,200	12/24	0.37 mi	Waterside Court, Fleet, GU51	2	Flat
£900	05/23	0.37 mi	-	2	Flat
£1,050	06/24	0.37 mi	-	2	Flat
£1,300	04/24	0.41 mi	Barley Way, Fleet	2	Flat
£1,300	05/24	0.41 mi	Barley Way, Fleet	2	Flat
£1,300	05/24	0.59 mi	Bramshott Place, Fleet, GU51	2	Flat
£1,300	04/24	0.6 mi	Bramshott Place, Fleet	2	Flat

Local Area Statistics

Population in GU51	23,35223,352
Population in Fleet	39,39239,392
Town centre distance	1.36 miles away1.36 miles away
Nearest school	1.40 miles away1.40 miles away
Nearest train station	0.43 miles away0.43 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+9%+9%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+5%+5%

Property History

Listed for £210,000

January 8, 2025

Floor Plans

Description

Two bedrooms +
Large living room +
Kitchen +
Bathroom +
Vacant from June 2025 +

Romans are offering this generously proportioned apartment which is situated above the shops in Ancells Farm.

There are two bedrooms, bathroom and a large lounge with adjacent kitchen.

The property is tenanted until June 2025 so a buyer will be able to move in at this time earliest.

Please note, the photos shown were taken pre-tenancy when the property was refurbished in 2018. The property is still very nicely presented.

Agent Details

Romans, Fleet

01252 221982

Next Steps?

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

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