2 Bed Flat, Single Let, Basingstoke, RG24 9TW, £200,000

Tenzing Gardens, Basingstoke, Hampshire, RG24 9TW - 4 views - 2 months ago

Leasehold
BTL
ROI: 4%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£70K - £255K
Sold Prices/m²£1.2K/m² - £43.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£214,267
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£11,200

Total Cash In

£61,200

 

 

Cash Out

 

Rent Range

£950 - £1,500

Rent Estimate

£1,088

Running Costs/mo

£863

Cashflow/mo

£225

Cashflow/yr

£2,705

ROI

4%

Gross Yield

7%

Local Sold Prices

44 sold prices from £70K to £255K, average is £187.8K. £1.2K/m² to £43.5K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£192.5K12/200 mi10, Tenzing Gardens, Popley, Basingstoke, Hampshire RG24 9TW2
£188.5K06/210 mi23, Tenzing Gardens, Popley, Basingstoke, Hampshire RG24 9TW2
£233K12/220.01 mi11, Tenzing Gardens, Basingstoke, Hampshire RG24 9TW2
£177K12/200.05 mi7, John Hunt Drive, Basingstoke, Hampshire RG24 9TX2
£184K12/200.06 mi25, Wylie Gardens, Basingstoke, Hampshire RG24 9TU2
£186K04/210.06 mi21, Wylie Gardens, Basingstoke, Hampshire RG24 9TU2
£190K12/200.06 mi13, Wylie Gardens, Basingstoke, Hampshire RG24 9TU2
£225K05/230.12 mi27, Mallory Road, Basingstoke, Hampshire RG24 9GB2
£177K03/210.12 mi22, Edmund Court, Basingstoke, Hampshire RG24 9SZ2
£185K02/230.12 mi22, Edmund Court, Basingstoke, Hampshire RG24 9SZ2
£178K12/200.12 mi74, Edmund Court, Popley, Basingstoke, Hampshire RG24 9SZ2
£172.5K12/220.13 mi80, Edmund Court, Popley, Basingstoke, Hampshire RG24 9SZ2
£199.9K12/220.13 mi50, Mallory Road, Basingstoke, Hampshire RG24 9GB2
£185K11/210.14 mi23, Tobago Close, Basingstoke, Hampshire RG24 9PX2
£180K12/220.18 mi11, Bourdillon Gardens, Basingstoke, Hampshire RG24 9GG2
£185K11/210.2 mi173, Pershore Road, Basingstoke, Hampshire RG24 9BG2
£179.9K03/210.27 mi67a, Falkland Road, Basingstoke, Hampshire RG24 9PJ2
£165K12/200.33 mi79, Englefield Way, Basingstoke, Hampshire RG24 9SF2
£167K09/210.34 mi5, Barrington Drive, Basingstoke, Hampshire RG24 9RS2
£165K12/200.34 mi14, Barrington Drive, Basingstoke, Hampshire RG24 9RS2
£205K04/210.39 mi33, Warner Close, Basingstoke, Hampshire RG24 9RY2
£160K05/230.42 mi31, Banbury Way, Basingstoke, Hampshire RG24 9FR2
£168K06/210.42 mi35, Banbury Way, Basingstoke, Hampshire RG24 9FR2
£97.5K11/210.44 mi25, Egerton Drive, Basingstoke, Hampshire RG24 9FG2
£255K11/220.48 mi4, Carter Drive, Basingstoke, Hampshire RG24 9UL2
£70K11/200.5 mi75 Aspire Place, Shetland Road, Basingstoke, Hampshire RG24 9WH2
£187K11/220.5 mi59 Aspire Place, Shetland Road, Basingstoke, Hampshire RG24 9WH2
£172.5K03/210.51 mi8, Pear Tree Way, Oakridge, Basingstoke, Hampshire RG21 5QE2
£210K02/210.57 mi81, Stratfield Road, Basingstoke, Hampshire RG21 5RT2
£192.5K02/210.63 mi38, Upton Crescent, Basingstoke, Hampshire RG21 5SW2
£195K09/210.75 mi29, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£202K10/220.75 mi29, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£220K12/220.76 mi25, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£198K11/200.76 mi25, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£205K08/230.83 mi12, Norn Hill Close, Basingstoke, Hampshire RG21 4HF2
£200K02/230.88 miFlat 87, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£185K09/210.88 miFlat 63, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£186.5K02/230.88 miFlat 66, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£205K12/200.88 miFlat 58, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£205K04/230.88 miFlat 23, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£190K03/230.88 miFlat 73, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£200K07/230.88 miFlat 74, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£195K02/230.88 miFlat 80, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£200K09/210.98 mi3, St Catherine Road, Basingstoke, Hampshire RG24 9XG2

Local Rents

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

RentDateDistanceAddressBeds 
£1,10007/240.12 miMallory Road2
£1,20011/240.15 mi-2
£1,20003/250.16 mi-2
£95002/250.16 mi-2
£1,25007/240.31 miAppleton Drive, Basingstoke, Hampshire, RG242
£1,30012/240.34 mi-2
£1,29503/250.39 mi-2
£1,35007/240.41 miWheeler Way, Basingstoke2
£1,30009/240.41 miWheeler Way, Basingstoke, RG242
£1,30007/240.41 miBanbury Way, Basingstoke2
£1,30007/240.44 miAppleton Drive, Basingstoke RG24 9RX2
£1,10007/240.46 miFaringdon Court, Marnel Park, Basingstoke, RG242
£1,50007/240.47 mi-2
£1,05009/240.51 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

1.09 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £200,000

March 3, 2025

Floor Plans

Description

  • Two double bedrooms, two bathrooms +
  • Well equipped kitchen +
  • Bright and spacious lounge/diner with balcony +
  • Allocated parking space +
  • NO ONWARD CHAIN +

Located in a small block of apartments in the popular Everest Park development, is this well presented two bedroom, two bathroom property.

Entering through the front door you arrive in a spacious hallway with doors leading to both double bedrooms, lounge/diner, main bathroom and two large storage cupboards. The master bedroom benefits from its own en-suite shower room. The second bedroom is also a good-sized double room. Across the hallway from this bedroom, is the main bathroom comprising of panel enclosed bath with shower over, WC and pedestal wash hand basin with tiled floor.

The bright and spacious lounge/diner is open plan to the kitchen and offers a versatile space, with double doors leading to a balcony. 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/dryer, dishwasher and fridge/freezer.

110 years remaining on lease

Council Tax Band - C

EPC Rating - C

Annual Service charge - £3144.48

Annual Ground Rent - £250

Agent Details

All Aspects Letting Services Ltd, Basingstoke

01250 710464

Next Steps?

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