2 Bed Flat, Single Let, Basingstoke, RG21 3FB, £190,000

Skippetts Gardens, Basingstoke, RG21 3FB - 1 views - 2 months ago

Leasehold

BTL

ROI: 7%

~68 m²

+7 photos

ValuationUndervalued

Sold Prices	£98.5K - £229.7K
Sold Prices/m²	£2.2K/m² - £3.9K/m²

Square Metres	~68.11 m²
Price/m²	£2.8K/m²
Value Estimate	£219,157£219,157
BMV	15%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£47,500£47,500
Stamp Duty & Legal Fees	£10,700£10,700
Total Cash In	£58,200£58,200

Cash Out
Rent Range	£875 - £2,900£875 - £2,900
Rent Estimate	£1,200
Running Costs/mo	£854£854
Cashflow/mo	£346£346
Cashflow/yr	£4,155£4,155
ROI	7%7%
Gross Yield	8%8%

Local Sold Prices

29 sold prices from £98.5K to £229.7K, average is £200K. £2.2K/m² to £3.9K/m², average is £3.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£207K	11/20	0.01 mi	69, Skippetts Gardens, Basingstoke, Hampshire RG21 3FB	£3,278	63	2	Flat
£172K	05/21	0.12 mi	140, Skippetts Gardens, Basingstoke, Hampshire RG21 3BY	£3,127	55	2	Flat
£185K	01/23	0.43 mi	31, Russell Road, Basingstoke, Hampshire RG21 3EU	£2,846	65	2	Flat
£200K	02/21	0.43 mi	52, Russell Road, Basingstoke, Hampshire RG21 3EU	£3,226	62	2	Flat
£210K	01/23	0.43 mi	39, Russell Road, Basingstoke, Hampshire RG21 3EU	£3,134	67	2	Flat
£224K	05/23	0.43 mi	24, Russell Road, Basingstoke, Hampshire RG21 3EU	£3,294	68	2	Flat
£185K	12/22	0.43 mi	34, Russell Road, Basingstoke, Hampshire RG21 3EU	£2,681	69	2	Flat
£225K	02/23	0.43 mi	44, Russell Road, Basingstoke, Hampshire RG21 3EU	£3,510	64	2	Flat
£229.7K	06/21	0.55 mi	13, Montague Place, Basingstoke, Hampshire RG21 3DS	£3,539	65	2	Flat
£200K	11/21	0.57 mi	7, Hillstead Court, Basingstoke, Hampshire RG21 3PT	-	-	2	Flat
£193.3K	04/21	0.57 mi	11, Hillstead Court, Basingstoke, Hampshire RG21 3PT	£2,884	67	2	Flat
£216K	08/23	0.64 mi	12c, Beaconsfield Road, Basingstoke, Hampshire RG21 3DP	-	-	2	Flat
£225K	11/20	0.64 mi	12b, Beaconsfield Road, Basingstoke, Hampshire RG21 3DP	£3,629	62	2	Flat
£199.9K	11/22	0.65 mi	23, Sylvia Close, Basingstoke, Hampshire RG21 3ND	£3,209	62	2	Flat
£190K	04/21	0.65 mi	17, Sylvia Close, Basingstoke, Hampshire RG21 3ND	£3,065	62	2	Flat
£183.5K	02/21	0.65 mi	45, Sylvia Close, Basingstoke, Hampshire RG21 3ND	£2,841	65	2	Flat
£210K	01/21	0.69 mi	33, Halliday Close, Basingstoke, Hampshire RG21 3LA	£3,281	64	2	Flat
£188K	01/21	0.69 mi	41, Halliday Close, Basingstoke, Hampshire RG21 3LA	£2,984	63	2	Flat
£197.5K	07/23	0.71 mi	297, Cranbourne Lane, Basingstoke, Hampshire RG21 3NU	£3,135	63	2	Flat
£203K	02/21	0.84 mi	161a, Winchester Road, Basingstoke, Hampshire RG21 8YF	£3,441	59	2	Flat
£200K	07/23	0.86 mi	Flat 7, Lauriston Court, London Road, Basingstoke, Hampshire RG21 4BB	-	-	2	Flat
£98.5K	07/21	0.86 mi	Flat 6, Lauriston Court, London Road, Basingstoke, Hampshire RG21 4BB	-	-	2	Flat
£220K	02/21	0.87 mi	9, Devonshire Place, Basingstoke, Hampshire RG21 8UU	£3,729	59	2	Flat
£229K	04/21	0.87 mi	10, Devonshire Place, Basingstoke, Hampshire RG21 8UU	£3,881	59	2	Flat
£218K	10/21	0.88 mi	105, Penrith Road, Basingstoke, Hampshire RG21 8UR	£3,759	58	2	Flat
£212.5K	12/20	0.88 mi	82, Penrith Road, Basingstoke, Hampshire RG21 8UR	£3,664	58	2	Flat
£137K	04/21	0.97 mi	14, Purcell Close, Basingstoke, Hampshire RG22 4EL	£2,175	63	2	Flat
£195K	10/21	0.97 mi	19, Purcell Close, Basingstoke, Hampshire RG22 4EL	-	-	2	Flat
£185K	04/21	0.97 mi	28, Borodin Close, Basingstoke, Hampshire RG22 4EN	£2,681	69	2	Flat

Local Rents

50 rents from £875/mo to £2.9K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,300	07/24	0.01 mi	-	2	Flat
£1,300	07/24	0.28 mi	Grove Close, BASINGSTOKE	2	Flat
£1,295	07/24	0.39 mi	Cliddesden Road	2	Flat
£1,400	07/24	0.39 mi	Cliddesden Road	2	Flat
£1,325	08/24	0.39 mi	Cliddesden Road	2	Flat
£1,200	07/24	0.43 mi	Russell Road, Basingstoke, Hampshire, RG21	2	Flat
£1,050	07/24	0.65 mi	Sylvia Close	2	Flat
£1,250	07/24	0.68 mi	Sylvia Close, Basingstoke, Hampshire, RG21	2	Flat
£1,095	07/24	0.7 mi	-	2	Flat
£1,495	09/24	0.7 mi	-	2	Terraced House
£1,495	08/24	0.7 mi	Southern Road, Basingstoke, RG21	2	Terraced House
£1,300	07/24	0.75 mi	Ruskin Close, Basingstoke	2	Terraced House
£1,250	12/24	0.78 mi	-	2	Terraced House
£1,300	09/24	0.79 mi	-	2	Flat
£2,900	09/24	0.79 mi	-	2	Flat
£1,595	07/24	0.8 mi	Bounty Road	2	Flat
£1,250	07/24	0.8 mi	Basingstoke Town Centre RG21	2	Flat
£1,100	07/24	0.81 mi	Bessemer Road, Basingstoke, RG21	2	Flat
£1,300	08/24	0.81 mi	-	2	Flat
£1,495	07/24	0.81 mi	Flat 1, 10 London Street, London Street, Basingstoke, Hampshire, RG21	2	Flat
£1,500	07/24	0.82 mi	Winchester Road, Basingstoke, Hampshire, RG21	2	Flat
£1,750	07/24	0.82 mi	Champion House, Basingstoke	2	Flat
£875	07/24	0.84 mi	Winchester Road, Basingstoke	2	Flat
£1,300	08/24	0.84 mi	20B Winchester Street, Basingstoke, Hampshire	2	Flat
£1,200	07/24	0.85 mi	Winchester Road, Basingstoke	2	Flat
£1,200	07/24	0.85 mi	Apartment 10, Copenhagen Court, 32 New Street, Basingstoke, RG21 7DT	2	Flat
£1,450	07/24	0.85 mi	Apartment 33, Copenhagen Court, 32 New Street, Basingstoke, RG21 7DT	2	Flat
£1,300	08/24	0.86 mi	London Road, Basingstoke	2	Flat
£1,350	08/24	0.86 mi	New Road, Basingstoke	2	Flat
£1,100	07/24	0.86 mi	New Road, Basingstoke	2	Terraced House
£1,500	10/23	0.86 mi	Church Street, Basingstoke, Hampshire, RG21	2	Flat
£1,500	08/24	0.87 mi	Flat 1, The Old Post Office, 17 New Street, Basingstoke, RG21 7DE	2	Flat
£1,500	09/24	0.87 mi	The Old Post Office, Basingstoke, Hampshire	2	Flat
£1,200	07/24	0.87 mi	Joices Yard, Basingstoke, Hampshire, RG21	2	Flat
£2,200	07/24	0.88 mi	-	2	Flat
£2,200	07/24	0.88 mi	-	2	Flat
£1,850	08/24	0.88 mi	-	2	Flat
£1,850	09/24	0.88 mi	-	2	Flat
£1,850	09/24	0.88 mi	-	2	Flat
£1,900	01/25	0.88 mi	-	2	Flat
£2,200	07/24	0.88 mi	-	2	Flat
£1,850	07/24	0.88 mi	Wella Road, Basingstoke, RG22	2	Flat
£1,850	08/24	0.88 mi	Wella Road, Basingstoke, RG22	2	Flat
£2,900	08/24	0.89 mi	-	2	Flat
£1,600	07/24	0.89 mi	51 Innovation Court, New Street, Basingstoke, Hampshire, RG21 7BY	2	Flat
£1,125	07/24	0.89 mi	-	2	Flat
£1,700	07/24	0.9 mi	Innovation Court, New Street, Basingstoke, Hampshire, RG21 7BY	2	Flat
£1,650	07/24	0.9 mi	Innovation Court, New Street, Basingstoke, Hampshire, RG21 7BY	2	Flat
£1,850	04/25	0.9 mi	-	2	Flat
£1,850	02/25	0.9 mi	-	2	Flat

Local Area Statistics

Population in RG21	26,62326,623
Population in Basingstoke	120,645120,645
Town centre distance	1.50 miles away1.50 miles away
Nearest school	0.60 miles away0.60 miles away
Nearest train station	1.22 miles away1.22 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+18%+18%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+26%+26%

Property History

Listed for £190,000

March 3, 2025

Floor Plans

Description

Spacious two-bedroom first floor apartment +
Open-plan kitchen/reception/dining room +
Two well-proportioned bedrooms +
Contemporary bathroom suite +
Excellent location close to Basingstoke town centre +
Walking distance to local amenities +
Ideal for first-time buyers or investors +
Good natural light throughout +
Well-maintained development +
Allocated parking space +

The accommodation comprises a generously sized open-plan kitchen/reception/dining room providing ample space for entertaining and relaxation. There are two well-proportioned bedrooms, with the master bedroom offering sufficient space for wardrobes and bedroom furniture. The second bedroom is ideal for use as a guest room, home office, or child's bedroom. A well-appointed bathroom suite complete with bath, overhead shower, W,C, and basin completes the accommodation. Skippetts Gardens is perfectly positioned for easy access to Basingstoke's excellent amenities including Festival Place shopping center, The Malls, and a wide range of restaurants and entertainment options. Transport links are excellent with Basingstoke station providing regular services to London Waterloo.

Agent Details

Brockenhurst Estate Agents, Basingstoke

01256 961193

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.