2 Bed Flat, Single Let, Fleet, GU51 2XF, £220,000

Falkners Close, Fleet, Hampshire, GU51 2XF - a month ago

Leasehold

BTL

ROI: 5%

~68 m²

+4 photos

ValuationUndervalued

Sold Prices	£161K - £281.5K
Sold Prices/m²	£2.3K/m² - £4.5K/m²

Square Metres	~68.11 m²
Price/m²	£3.2K/m²
Value Estimate	£251,118£251,118
BMV	14%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£55,000£55,000
Stamp Duty & Legal Fees	£12,200£12,200
Total Cash In	£67,200£67,200

Cash Out
Rent Range	£900 - £2,500£900 - £2,500
Rent Estimate	£1,206
Running Costs/mo	£949£949
Cashflow/mo	£257£257
Cashflow/yr	£3,088£3,088
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

20 sold prices from £161K to £281.5K, average is £233.3K. £2.3K/m² to £4.5K/m², average is £3.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£195K	08/21	0.01 mi	3, Falkners Close, Fleet, Hampshire GU51 2XF	£3,305	59	2	Flat
£218.5K	03/23	0.06 mi	20, Ellen Drive, Fleet, Hampshire GU51 2XH	£4,046	54	2	Flat
£230K	04/23	0.06 mi	9, Ellen Drive, Fleet, Hampshire GU51 2XH	£4,423	52	2	Flat
£161K	02/21	0.21 mi	40, Saddleback Way, Fleet, Hampshire GU51 2US	£2,981	54	2	Flat
£230K	05/23	0.24 mi	37, Saddleback Way, Fleet, Hampshire GU51 2UR	£4,423	52	2	Flat
£252K	03/21	0.29 mi	44, Tamworth Drive, Fleet, Hampshire GU51 2UP	£3,316	76	2	Flat
£233.5K	01/23	0.33 mi	12a, Old Cove Road, Fleet, Hampshire GU51 2RL	£2,322	101	2	Flat
£231K	11/20	0.36 mi	23, Waterside Court, Fleet, Hampshire GU51 2RH	£4,442	52	2	Flat
£195K	07/23	0.36 mi	10, Waterside Court, Fleet, Hampshire GU51 2RH	£3,687	53	2	Flat
£225K	11/22	0.36 mi	48, Waterside Court, Fleet, Hampshire GU51 2RH	-	-	2	Flat
£265K	11/22	0.43 mi	78, Tamworth Drive, Fleet, Hampshire GU51 2UP	£3,897	68	2	Flat
£210K	02/21	0.59 mi	28, Bramshott Place, Fleet, Hampshire GU51 4QF	£3,231	65	2	Flat
£276K	02/21	0.64 mi	10, Cranbrook Court, Fleet, Hampshire GU51 4QA	£3,043	91	2	Flat
£270K	12/20	0.66 mi	99, Kenilworth Road, Fleet, Hampshire GU51 3AY	£4,500	60	2	Flat
£250K	05/23	0.7 mi	Flat 7, Ulric House, Waleron Road, Fleet, Hampshire GU51 1GE	-	-	2	Flat
£233K	08/21	0.89 mi	Flat 3, Beaumont Court, Harrow Road, Fleet, Hampshire GU51 1JE	-	-	2	Flat
£250K	08/21	0.97 mi	6, Bluebell Walk, Fleet, Hampshire GU51 4ST	£3,086	81	2	Flat
£281.5K	05/21	0.97 mi	11, Bluebell Walk, Fleet, Hampshire GU51 4ST	£3,881	73	2	Flat
£235.8K	10/21	0.99 mi	Flat 3, Potkiln House, Rykmansford Road, Fleet, Hampshire GU51 1LH	-	-	2	Flat
£235K	10/21	0.99 mi	Flat 6, Maudit House, Rykmansford Road, Fleet, Hampshire GU51 1LH	-	-	2	Flat

Local Rents

19 rents from £900/mo to £2.5K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,300	04/24	0.01 mi	Falkner House, Fleet	2	Flat
£1,250	04/24	0.06 mi	Ellen Drive, Fleet, Hampshire	2	Flat
£1,400	04/25	0.16 mi	-	2	Flat
£1,600	04/24	0.19 mi	Ancells Farm	2	House
£1,450	01/25	0.24 mi	-	2	Flat
£1,450	12/24	0.24 mi	-	2	Flat
£1,450	01/25	0.24 mi	-	2	Flat
£1,500	04/24	0.28 mi	Lorica House Fleet	2	Flat
£2,500	04/24	0.3 mi	Fairway Heights, Fleet	2	Flat
£2,500	04/24	0.3 mi	Fairway Heights, Fleet	2	Flat
£1,250	04/24	0.35 mi	Fleet House, Ancells Farm	2	Flat
£1,200	12/24	0.36 mi	Waterside Court, Fleet, GU51	2	Flat
£900	05/23	0.36 mi	-	2	Flat
£1,050	06/24	0.36 mi	-	2	Flat
£1,300	04/24	0.41 mi	Barley Way, Fleet	2	Flat
£1,300	05/24	0.41 mi	Barley Way, Fleet	2	Flat
£1,300	05/24	0.58 mi	Bramshott Place, Fleet, GU51	2	Flat
£1,300	04/24	0.59 mi	Bramshott Place, Fleet	2	Flat
£1,495	04/24	0.61 mi	Hope Walk, Fleet Road, Fleet	2	Semi-Detached House

Local Area Statistics

Population in GU51	23,35223,352
Population in Fleet	39,39239,392
Town centre distance	1.35 miles away1.35 miles away
Nearest school	1.40 miles away1.40 miles away
Nearest train station	0.42 miles away0.42 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+9%+9%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+5%+5%

Property History

Listed for £220,000

March 6, 2025

Floor Plans

Description

Modernised first floor apartment +
Just a walk of Fleet station +
Popular Ancells Farm location +
Allocated parking +
Easy drive to junction 4a of the M3 +
Replacement double-glazed windows +
Contemporary kitchen +
Refitted, modern bathroom +
Open plan L-shaped lounge/dining room +
Two good-sized bedrooms +

LAUNCH DAY SATURDAY 22nd MARCH BY APPOINTMENT ONLY NO ONWARD CHAIN ** Modernised by the current owner with contemporary features, this first floor apartment is just a walk to Fleet station and includes parking, set within the popular Ancells Farm area.

Agent Details

Mackenzie Smith, Fleet

01252 221883

Next Steps?

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