2 Bed Flat, Refurb/BRRR, Fleet, GU51 2XH, £220,000

Ellen Drive, Fleet, Hampshire, GU51 2XH - 3 months ago

Leasehold
Refurb/BRRR
ROI: 3%
~55 m²
+8 photos

ValuationOvervalued

Sold Prices£161K - £300K
Sold Prices/m²£2.3K/m² - £4.5K/m²

 

 

Square Metres

~54.70 m²
Price/m²£4K/m²

Value Estimate

£194,917

 

 

End Value (After Refurb)

£280,509

Uplift in Value

+28%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£12,200

Refurb Costs

£25,880

Bridging Loan Interest

£5,775

Total Cash In

£100,605

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£280,509

Agent Fees (1%)

£2,805

Bridging Loan

£165,000

Bridging Loan Interest

£5,775

Flip Profit

£12,100

Local Sold Prices

24 sold prices from £161K to £300K, average is £235K. £2.3K/m² to £4.5K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£218.5K03/230.01 mi20, Ellen Drive, Fleet, Hampshire GU51 2XH2
£230K04/230.01 mi9, Ellen Drive, Fleet, Hampshire GU51 2XH2
£195K08/210.05 mi3, Falkners Close, Fleet, Hampshire GU51 2XF2
£161K02/210.17 mi40, Saddleback Way, Fleet, Hampshire GU51 2US2
£230K05/230.19 mi37, Saddleback Way, Fleet, Hampshire GU51 2UR2
£252K03/210.25 mi44, Tamworth Drive, Fleet, Hampshire GU51 2UP2
£233.5K01/230.31 mi12a, Old Cove Road, Fleet, Hampshire GU51 2RL2
£231K11/200.34 mi23, Waterside Court, Fleet, Hampshire GU51 2RH2
£195K07/230.34 mi10, Waterside Court, Fleet, Hampshire GU51 2RH2
£225K11/220.34 mi48, Waterside Court, Fleet, Hampshire GU51 2RH2
£265K11/220.42 mi78, Tamworth Drive, Fleet, Hampshire GU51 2UP2
£210K02/210.57 mi28, Bramshott Place, Fleet, Hampshire GU51 4QF2
£276K02/210.62 mi10, Cranbrook Court, Fleet, Hampshire GU51 4QA2
£250K05/230.65 miFlat 7, Ulric House, Waleron Road, Fleet, Hampshire GU51 1GE2
£270K12/200.68 mi99, Kenilworth Road, Fleet, Hampshire GU51 3AY2
£233K08/210.85 miFlat 3, Beaumont Court, Harrow Road, Fleet, Hampshire GU51 1JE2
£250K08/210.95 mi6, Bluebell Walk, Fleet, Hampshire GU51 4ST2
£281.5K05/210.95 mi11, Bluebell Walk, Fleet, Hampshire GU51 4ST2
£235.8K10/210.95 miFlat 3, Potkiln House, Rykmansford Road, Fleet, Hampshire GU51 1LH2
£235K10/210.95 miFlat 6, Maudit House, Rykmansford Road, Fleet, Hampshire GU51 1LH2
£235K02/230.97 miFlat 4, Maudit House, Rykmansford Road, Fleet, Hampshire GU51 1LH2
£300K02/230.99 mi21, Primrose Walk, Fleet, Hampshire GU51 4SS2
£258K08/210.99 mi6, Primrose Walk, Fleet, Hampshire GU51 4SS2
£265K08/211 mi3, King John Street, Fleet, Hampshire GU51 1HX2

Local Rents

24 rents from £900/mo to £2.5K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,25004/240.01 miEllen Drive, Fleet, Hampshire2
£1,30004/240.05 miFalkner House, Fleet2
£1,40004/250.16 mi-2
£1,60004/240.16 miAncells Farm2
£1,50004/240.23 miLorica House Fleet2
£1,45001/250.23 mi-2
£1,45012/240.23 mi-2
£1,45001/250.23 mi-2
£2,50004/240.26 miFairway Heights, Fleet2
£2,50004/240.26 miFairway Heights, Fleet2
£1,25004/240.3 miFleet House, Ancells Farm2
£1,20012/240.34 miWaterside Court, Fleet, GU512
£90005/230.34 mi-2
£1,05006/240.34 mi-2
£1,30004/240.36 miBarley Way, Fleet2
£1,30005/240.36 miBarley Way, Fleet2
£1,30005/240.56 miBramshott Place, Fleet, GU512
£1,30004/240.57 miBramshott Place, Fleet2
£1,49504/240.6 miHope Walk, Fleet Road, Fleet2
£1,40004/240.61 miFleet Road, Fleet, GU512
£1,40012/240.61 miFleet Road, Fleet, GU512
£1,40006/240.61 mi-2
£1,35003/250.61 mi-2
£1,35003/250.61 mi-2

Local Area Statistics

Population in GU51

23,352

Population in Fleet

39,392

Town centre distance

1.35 miles away

Nearest school

1.40 miles away

Nearest train station

0.40 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+5%

Property History

Price changed to £220,000

March 20, 2025

Listed for £235,000

January 21, 2025

Floor Plans

Description

  • Accompanied Viewings Available Mon-Fri 8.30am-7pm, Sat 9am-5pm +
  • Two Double Bedrooms +
  • Recently Decorated +
  • Two Allocated Parking Spaces +
  • Walking Distance of Mainline Station +
  • Close To Local Amenities +
  • Offered With No Onward Chain +
  • EPC Rating : C +

*NO CHAIN & WALKING DISTANCE OF MAINLINE STATION* Vickery are delighted to offer this first floor apartment with two bedrooms, situated in the popular location of Ancells Farm in Fleet. The property comprises a central entrance hallway, two double bedrooms, family bathroom, open lounge and dining area and a kitchen with the benefit of white goods and built-in oven and gas hob. A series of recent renovations have taken place in the property including internal walls redecorated and new bathroom flooring. The property has two allocated parking spaces, with one being under a covered car port. There are also a number of visitor parking bays available. The apartment looks out onto the green spaces of Ancells Farm and is within walking distance to Fleet mainline station, the local parade of shops and Ancells Farm nature reserve. This property is offered to the market with no onward chain.

Fleet is situated in the northeast corner of Hampshire, close to the Surrey and Berkshire borders. The town offers excellent transport links to London and the south coast via its mainline rail service from Waterloo and junction 4a of the M3 motorway. The Basingstoke Canal runs through the town, with the section between the Wey Navigation and the Greywell Tunnel maintained as a leisure facility. Fleet town centre offers an excellent range of multiple and independent retailers. Fleet has several business parks and in recent years has expanded with new residential areas being built at Edenbrook and Elvetham Heath. The town offers an excellent choice of respected schools from both the state and independent sectors.

Central London 40 miles
Basingstoke 18 miles
Guildford 15 miles
Farnham 6 miles
Heathrow Airport 27 miles
Gatwick Airport 50 miles

Agent Details

Vickery, Fleet

01252 221895

Next Steps?

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