4 Bed Detached House, Refurb/BRRR, Basingstoke, RG24 8RG, £600,000

Gilbard Court, Chineham, Basingstoke, RG24 8RG - 3 views - 2 months ago

Refurb/BRRR
ROI: 4%
~129 m²
+13 photos

ValuationOvervalued

Sold Prices£355K - £850K
Sold Prices/m²£2.7K/m² - £6.6K/m²

 

 

Square Metres

~129.26 m²
Price/m²£4.6K/m²

Value Estimate

£507,319

 

 

End Value (After Refurb)

£544,241

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£150,000

Stamp Duty & Legal Fees

£36,700

Refurb Costs

£59,969

Bridging Loan Interest

£15,750

Total Cash In

£264,169

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£544,241

Mortgage (After Refinance)

£408,181

Mortgage LTV

75%

Cash Left In

£264,169

Equity

£136,060

Rent Range

£1,350 - £25,200

Rent Estimate

£3,359

Running Costs/mo

£2,393

Cashflow/mo

£966

Cashflow/yr

£11,597

ROI

4%

Gross Yield

7%

Local Sold Prices

48 sold prices from £355K to £850K, average is £512.5K. £2.7K/m² to £6.6K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£715K06/230.07 mi5, St Leonards Avenue, Chineham, Basingstoke, Hampshire RG24 8RD4
£725K05/230.08 mi6, Lovegroves, Chineham, Basingstoke, Hampshire RG24 8YA4
£625K04/210.12 mi10, Warbleton Road, Chineham, Basingstoke, Hampshire RG24 8RF4
£630K03/210.12 mi2, Warbleton Road, Chineham, Basingstoke, Hampshire RG24 8RF4
£560K07/230.19 mi35, Tollway, Chineham, Basingstoke, Hampshire RG24 8RJ4
£375.5K11/210.24 mi21, Richards Field, Chineham, Basingstoke, Hampshire RG24 8JY4
£355K03/210.27 mi82, Richards Field, Chineham, Basingstoke, Hampshire RG24 8JZ4
£560K05/230.28 mi1, Cibbons Road, Chineham, Basingstoke, Hampshire RG24 8TD4
£800K04/230.28 mi14, Cibbons Road, Chineham, Basingstoke, Hampshire RG24 8TD4
£440K04/210.3 mi55, Longstock Close, Chineham, Basingstoke, Hampshire RG24 8WR4
£374K02/210.35 mi46, Coppice Pale, Chineham, Basingstoke, Hampshire RG24 8JU4
£510K03/210.37 mi26, Kings Pightle, Chineham, Basingstoke, Hampshire RG24 8XX4
£385K03/210.4 mi42, Ashfield, Chineham, Basingstoke, Hampshire RG24 8UF4
£535K09/210.4 mi21, Ashfield, Chineham, Basingstoke, Hampshire RG24 8UF4
£500K01/210.41 mi11, Foxs Furlong, Chineham, Basingstoke, Hampshire RG24 8WN4
£575K01/210.42 mi12, Belvedere Gardens, Chineham, Basingstoke, Hampshire RG24 8GB4
£470.6K01/210.42 mi39, Belvedere Gardens, Chineham, Basingstoke, Hampshire RG24 8GB4
£620K11/220.42 mi19, Belvedere Gardens, Chineham, Basingstoke, Hampshire RG24 8GB4
£465K03/210.44 mi6, Pecche Place, Chineham, Basingstoke, Hampshire RG24 8AA4
£397.5K12/200.45 mi83, Saffron Close, Chineham, Basingstoke, Hampshire RG24 8XQ4
£535K12/220.45 mi59, Saffron Close, Chineham, Basingstoke, Hampshire RG24 8XQ4
£520K03/210.45 mi61, Saffron Close, Chineham, Basingstoke, Hampshire RG24 8XQ4
£515K03/210.45 mi23, Saffron Close, Chineham, Basingstoke, Hampshire RG24 8XQ4
£530K03/230.45 mi89, Saffron Close, Chineham, Basingstoke, Hampshire RG24 8XQ4
£577.5K07/230.47 mi2, Fennel Close, Chineham, Basingstoke, Hampshire RG24 8XF4
£565K07/230.47 mi19, Fennel Close, Chineham, Basingstoke, Hampshire RG24 8XF4
£580K07/230.47 mi5, Fennel Close, Chineham, Basingstoke, Hampshire RG24 8XF4
£465K03/210.51 mi9, Chilworth Way, Sherfield On Loddon, Hook, Hampshire RG27 0FD4
£490K12/200.51 mi30, Mulberry Way, Chineham, Basingstoke, Hampshire RG24 8TZ4
£575K03/210.56 mi28, Thyme Close, Chineham, Basingstoke, Hampshire RG24 8XG4
£620K09/210.56 mi42, Pyotts Copse, Old Basing, Basingstoke, Hampshire RG24 8WE4
£473K05/230.56 mi3, Ajax Close, Chineham, Basingstoke, Hampshire RG24 8XA4
£520K11/220.64 mi7, Rowner Crescent, Sherfield On Loddon, Hook, Hampshire RG27 0SW4
£850K03/210.64 miCorner House, Pyotts Hill, Old Basing, Basingstoke, Hampshire RG24 8AP4
£450K11/220.67 mi76, Rockbourne Road, Sherfield-on-loddon, Hook, Hampshire RG27 0SR4
£440K06/210.68 mi120, Avington Way, Sherfield On Loddon, Hook, Hampshire RG27 0FN4
£450K05/210.69 mi95, Rockbourne Road, Sherfield On Loddon, Hook, Hampshire RG27 0AF4
£418K01/210.71 mi4, Buckland Terrace, Sherfield On Loddon, Hook, Hampshire RG27 0EB4
£455K03/210.71 mi1, Buckland Terrace, Sherfield On Loddon, Hook, Hampshire RG27 0EB4
£540K06/230.75 mi46, Ivar Gardens, Lychpit, Basingstoke, Hampshire RG24 8YD4
£465K12/200.75 mi60, Ivar Gardens, Lychpit, Basingstoke, Hampshire RG24 8YD4
£505K05/210.75 mi66, Ivar Gardens, Lychpit, Basingstoke, Hampshire RG24 8YD4
£450K02/210.75 mi6, Ivar Gardens, Lychpit, Basingstoke, Hampshire RG24 8YD4
£426.5K02/210.75 mi13, Beddington Court, Lychpit, Basingstoke, Hampshire RG24 8YZ4
£605K06/230.79 mi21, Heron Park, Lychpit, Basingstoke, Hampshire RG24 8UJ4
£450K02/210.81 mi32, Minden Close, Chineham, Basingstoke, Hampshire RG24 8TH4
£460K11/200.81 mi45, Minden Close, Chineham, Basingstoke, Hampshire RG24 8TH4
£545K12/220.83 mi49, Minden Close, Chineham, Basingstoke, Hampshire RG24 8TH4

Local Rents

15 rents from £1.4K/mo to £25.2K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£2,50007/240.09 miCuffelle Close, Chineham, Basingstoke6
£1,79508/240.24 miRichards Field, Basingstoke3
£1,79507/240.28 miRichards Field, Basingstoke4
£1,35007/240.3 miChineham RG243
£1,80007/240.36 mi-4
£1,85003/250.36 mi-4
£2,00007/240.37 miKings Pightle, Chineham, RG245
£1,60007/240.41 miGreenwood Drive, Chineham3
£1,75008/240.45 miSaffron Close, Chineham, Basingstoke, RG244
£2,25008/240.47 miChineham, Basingstoke4
£1,50007/240.51 miChineham, Basingstoke, Hampshire, RG243
£1,95007/240.51 miChilworth Way, Sherfield Park, Hook, RG274
£25,20007/240.56 miThyme Close, Chineham, Basingstoke, RG244
£2,20009/240.61 miAvington Way, Sherfield-On-Loddon, RG274
£2,20002/250.61 mi-4

Local Area Statistics

Population in RG24

31,488

Population in Basingstoke

120,645

Town centre distance

3.29 miles away

Nearest school

0.40 miles away

Nearest train station

2.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £600,000

February 25, 2025

Floor Plans

Description

  • NO ONWARD CHAIN +
  • DETACHED FAMILY HOME IN POPULAR LOCATION +
  • TWO RECEPTION ROOMS +
  • KITCHEN/BREAKFAST ROOM & UTILITY ROOM +
  • FOUR BEDROOMS +
  • EN-SUITE SHOWER ROOM & FAMILY BATHROOM +
  • DOUBLE GARAGE & AMPLE PARKING +
  • CORNER PLOT +
  • COUNCIL TAX - F +

NO ONWARD CHAIN - CHEQUERS are pleased to offer for sale this detached home set in a no-through road on the outskirts of the popular Chineham development. Whilst the property requires modernisation, the house offers great potential with accommodation comprising lounge, dining room, kitchen/breakfast room, utility and cloakroom on the ground floor with four bedrooms, en-suite shower and family bathroom arranged on the first floor. The property also benefits from double garage, ample parking and enclosed corner plot. (draft particulars - awaiting vendors approval).

Entrance Hall: - Stairs to first floor, radiator, under stairs cupboard.

Cloakroom: - Coloured suite of low level w .c., wash hand basin, radiator, double glazed window.

Lounge: - 6.30m x 3.58m (20'8" x 11'9") - Double aspect, double glazed window to front, sliding patio doors to rear garden, feature brick fireplace with coal effect gas fire, double doors to -

Dining Room: - 3.07m x 2.74m (10'1" x 9') - Rear aspect, double glazed window, radiator.

Kitchen/Breakfast Room: - 4.98m x 2.29m (16'4" x 7'6") - Double aspect, double glazed windows to front and rear, double glazed door to garden, range of eye and base level units, roll edged work surfaces, inset single drainer sink unit, built-in hob with extractor over, built-in oven with cupboards above and below, appliance space, tiled flooring, door to -

Utility Room: - 2.18m x 1.70m (7'2" x 5'7") - Rear aspect, butler sink with appliance space to side.

Staircase Gives Access To Landing: - Access to loft space, airing cupboard.

Master Bedroom: - 3.73m x 3.61m (12'3" x 11'10") - Front aspect, double glazed window, radiator, door to -

En-Suite Shower Room: - 2.11m x 1.07m (6'11" x 3'6") - Coloured suite comprising panel shower cubicle, low level w.c., wash hand basin with tiled splash back, radiator, double glazed window.

Bedroom Two: - 3.86m x 2.74m (12'8" x 9') - Rear aspect, double glazed window, radiator.

Bedroom Three: - 3.53m x 2.84m (11'7" x 9'4") - Rear aspect, double glazed window, radiator.

Bedroom Four: - 2.69m x 1.96m (8'10" x 6'5") - Rear aspect, double glazed window, radiator.

Family Bathroom: - Coloured suite comprising panel enclosed bath, low level w.c., wash hand basin, tiled surrounds, radiator, double glazed window.

Gardens: - To the front of the property is a lawned garden with block paved driveway leading to garage and pathway to the front door, shrub borders, side gate access. To the rear of the property is an enclosed garden with a private aspect, patio leading to lawned area, mature hedging.

Double Garage: - 4.98m max x 4.90m max (16'4" max x 16'1" max) - Electric roller door, light and power, rafter storage space.

Council Tax: - Band F

Money Laundering Regulations: - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

Referrals: - Chequers will recommend the services of other businesses and may receive a referral fee in some instances where a buyer or seller uses the services of that company.

Agent Details

Chequers, Basingstoke

01256 632488

Next Steps?

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