2 Bed Terraced House, Single Let, Basingstoke, RG24 9TW, £190,000

Tenzing Gardens, Basingstoke, Hampshire, RG24 9TW - 2 views - 2 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£215K - £401.5K
Sold Prices/m²£2.9K/m² - £5.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£231,800
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£6,900

Total Cash In

£54,400

 

 

Cash Out

 

Rent Range

£950 - £1,500

Rent Estimate

£1,088

Running Costs/mo

£831

Cashflow/mo

£257

Cashflow/yr

£3,080

ROI

6%

Gross Yield

7%

Local Sold Prices

43 sold prices from £215K to £401.5K, average is £265K. £2.9K/m² to £5.8K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£225K06/210.17 mi36, Bermuda Close, Basingstoke, Hampshire RG24 9PE2
£290K07/210.25 mi27, Speckled Wood Road, Basingstoke, Hampshire RG24 9SR2
£255K01/230.27 mi145, Falkland Road, Basingstoke, Hampshire RG24 9PL2
£225K05/230.27 mi103, Falkland Road, Basingstoke, Hampshire RG24 9PJ2
£230K02/210.28 mi60, Ilsley Road, Basingstoke, Hampshire RG24 9RU2
£247.5K02/210.31 mi63, Englefield Way, Basingstoke, Hampshire RG24 9SF2
£260K08/210.33 mi6, Englefield Way, Basingstoke, Hampshire RG24 9FJ2
£401.5K09/210.33 mi4, Barrington Drive, Basingstoke, Hampshire RG24 9RS2
£241K02/210.36 mi26, Charlbury Lane, Basingstoke, Hampshire RG24 9GF2
£295K07/230.42 mi1, Cherry Tree Walk, Basingstoke, Hampshire RG21 5RJ2
£242.5K11/200.45 mi12, Hathaway Gardens, Basingstoke, Hampshire RG24 9BF2
£234.6K03/210.45 mi27, Hathaway Gardens, Basingstoke, Hampshire RG24 9BF2
£255K04/210.58 mi21, Walnut Way, Basingstoke, Hampshire RG21 5QF2
£260K05/210.66 mi8, Nash Close, Basingstoke, Hampshire RG21 5NH2
£270K06/230.71 mi3, Bennet Close, Basingstoke, Hampshire RG21 5JR2
£263K04/210.76 mi7, Marshall Gardens, Basingstoke, Hampshire RG21 5GY2
£265K03/210.77 mi13, Gower Close, Basingstoke, Hampshire RG21 5GX2
£320K03/230.78 mi14, Great Oaks Chase, Chineham, Basingstoke, Hampshire RG24 8WW2
£250K08/210.78 mi74, Great Oaks Chase, Chineham, Basingstoke, Hampshire RG24 8WW2
£276K06/210.78 mi26, Great Oaks Chase, Chineham, Basingstoke, Hampshire RG24 8WW2
£265K11/200.78 mi15, Great Oaks Chase, Chineham, Basingstoke, Hampshire RG24 8WW2
£290K02/230.78 mi19, St Thomas Close, Basingstoke, Hampshire RG21 5NW2
£285K11/200.78 mi4, St Thomas Close, Basingstoke, Hampshire RG21 5NW2
£260K12/220.78 mi13, St Thomas Close, Basingstoke, Hampshire RG21 5NW2
£275K02/230.79 mi6, Arlott Drive, Basingstoke, Hampshire RG21 5GU2
£245K10/200.81 mi2, Gordon Close, Basingstoke, Hampshire RG21 5PH2
£225K05/210.81 mi8, Little Copse Chase, Chineham, Basingstoke, Hampshire RG24 8GL2
£265K03/210.81 mi4, Little Copse Chase, Chineham, Basingstoke, Hampshire RG24 8GL2
£265K04/210.84 mi33, Trinity Way, Basingstoke, Hampshire RG24 9AD2
£370K04/230.87 mi22, Deanes Close, Basingstoke, Hampshire RG21 5HS2
£280K06/210.88 mi33, Long Acre Rise, Chineham, Basingstoke, Hampshire RG24 8BD2
£295K06/210.89 mi21, Norn Hill, Basingstoke, Hampshire RG21 4HD2
£248K05/210.9 mi39, Doswell Way, Basingstoke, Hampshire RG21 5HH2
£215K08/230.9 mi10, Fencott Place, Basingstoke, Hampshire RG21 5PT2
£280K05/230.91 mi24, Coronation Road, Basingstoke, Hampshire RG21 4HA2
£275K04/230.91 mi46, Long Copse Chase, Chineham, Basingstoke, Hampshire RG24 8WL2
£305K08/230.92 mi57, Coronation Road, Basingstoke, Hampshire RG21 4EZ2
£285K12/220.94 mi29, Long Copse Chase, Chineham, Basingstoke, Hampshire RG24 8WL2
£310K12/200.98 mi10, Hillary Road, Basingstoke, Hampshire RG21 5TN2
£292K03/230.98 mi11, Phoenix Park Terrace, Basingstoke, Hampshire RG21 5NQ2
£248.5K04/210.98 mi5, Phoenix Park Terrace, Basingstoke, Hampshire RG21 5NQ2
£264K07/230.98 mi8, Phoenix Park Terrace, Basingstoke, Hampshire RG21 5NQ2
£273K03/210.99 mi33, Simons Close, Chineham, Basingstoke, Hampshire RG24 8ZF2

Local Rents

15 rents from £950/mo to £1.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,10007/240.14 miMallory Road2
£95002/250.15 mi-2
£1,20011/240.17 mi-2
£1,20002/250.17 mi-2
£1,25007/240.29 miAppleton Drive, Basingstoke, Hampshire, RG242
£1,30012/240.33 mi-2
£1,29503/250.38 mi-2
£1,35007/240.39 miWheeler Way, Basingstoke2
£1,30009/240.39 miWheeler Way, Basingstoke, RG242
£1,30007/240.39 miBanbury Way, Basingstoke2
£1,30007/240.42 miAppleton Drive, Basingstoke RG24 9RX2
£1,10007/240.44 miFaringdon Court, Marnel Park, Basingstoke, RG242
£1,50007/240.49 mi-2
£1,05009/240.52 miShetland Road, Basingstoke2
£1,30008/240.57 miScotney Road, Oakridge, Basingstoke, RG212

Local Area Statistics

Population in RG24

31,488

Population in Basingstoke

120,645

Town centre distance

1.81 miles away

Nearest school

0.20 miles away

Nearest train station

1.10 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

February 17, 2025

Floor Plans

Description

  • Attention - First Time Buyers +
  • Investors - Look At This +
  • Close to Excellent Local Amenities +
  • Close to Excellent Local Shops +
  • Close to Excellent Local Transport Links +
  • Very Popular Location +

EweMove - NO ONWARD CHAIN - Situated on the popular Everest Park, this Taylor Wimpy built two bedroom, two bathroom ground floor apartment is presented in good order throughout.  Located in a small block of apartments is this well presented ground floor property. Entering through the front door you arrive in a spacious carpeted hallway with doors leading to both double bedrooms, lounge/diner, main bathroom and two large storage cupboards. The master bedroom has built in double wardrobe with sliding mirrored doors, carpeted flooring and benefits from its own en suite bathroom. The en suite has a shower, WC and pedestal wash hand basin with tiled floor and half tiled walls. The second bedroom is also a good sized double room with carpeted flooring. Opposite this bedroom, across the hallway, is the main bathroom comprising of panel enclosed bath with shower over, WC and pedestal wash hand basin with tiled floor and half tiled walls. The bright and spacious lounge diner is open plan to the kitchen. Large French doors open up onto a terraced patio with a bright South West aspect. The lounge diner is carpeted and offers a versatile space. The well equipped kitchen has a range of fitted base and wall units, stainless steel sink with drainer, 4 ring gas hob with oven below and integrated appliances including, washing machine, dishwasher and fridge freezer. To the outside is maintained communal gardens and allocated parking. Everest Park is situated towards the North East of Basingstoke, giving good access not only to Basingstoke, but also Reading and Newbury. Local shopping facilities and Chineham shopping centre are approximately 1 mile away, benefiting from Tesco and Marks & Spencer to name a couple. The favoured villages of Sherfield on Loddon and Sherborne St John are within 3 miles, which offer a selection of public houses/restaurants, open countryside and sporting facilities. Agents Note - The photographs used are from before the current tenants moved into the property.

Agent Details

EweMove, Basingstoke

01256 637273

Next Steps?

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