2 Bed Flat, Single Let, Basingstoke, RG24 9WH, £180,000

Shetland Road, Basingstoke, RG24 9WH - 2 months ago

Leasehold
BTL
ROI: 7%
~68 m²
+11 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£212,044
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£10,200

Total Cash In

£55,200

 

 

Cash Out

 

Rent Range

£1,050 - £1,500

Rent Estimate

£1,109

Running Costs/mo

£804

Cashflow/mo

£305

Cashflow/yr

£3,656

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £70K to £255K, average is £190K. £1.2K/m² to £43.5K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£187K11/220 mi59 Aspire Place, Shetland Road, Basingstoke, Hampshire RG24 9WH2
£70K11/200.01 mi75 Aspire Place, Shetland Road, Basingstoke, Hampshire RG24 9WH2
£180K12/220.33 mi11, Bourdillon Gardens, Basingstoke, Hampshire RG24 9GG2
£172.5K12/220.38 mi80, Edmund Court, Popley, Basingstoke, Hampshire RG24 9SZ2
£177K03/210.38 mi22, Edmund Court, Basingstoke, Hampshire RG24 9SZ2
£185K02/230.38 mi22, Edmund Court, Basingstoke, Hampshire RG24 9SZ2
£178K12/200.38 mi74, Edmund Court, Popley, Basingstoke, Hampshire RG24 9SZ2
£199.9K12/220.39 mi50, Mallory Road, Basingstoke, Hampshire RG24 9GB2
£225K05/230.39 mi27, Mallory Road, Basingstoke, Hampshire RG24 9GB2
£184K12/200.44 mi25, Wylie Gardens, Basingstoke, Hampshire RG24 9TU2
£186K04/210.44 mi21, Wylie Gardens, Basingstoke, Hampshire RG24 9TU2
£190K12/200.44 mi13, Wylie Gardens, Basingstoke, Hampshire RG24 9TU2
£179.9K03/210.46 mi67a, Falkland Road, Basingstoke, Hampshire RG24 9PJ2
£192.5K12/200.5 mi10, Tenzing Gardens, Popley, Basingstoke, Hampshire RG24 9TW2
£188.5K06/210.5 mi23, Tenzing Gardens, Popley, Basingstoke, Hampshire RG24 9TW2
£233K12/220.52 mi11, Tenzing Gardens, Basingstoke, Hampshire RG24 9TW2
£177K12/200.53 mi7, John Hunt Drive, Basingstoke, Hampshire RG24 9TX2
£172.5K03/210.56 mi8, Pear Tree Way, Oakridge, Basingstoke, Hampshire RG21 5QE2
£185K11/210.61 mi173, Pershore Road, Basingstoke, Hampshire RG24 9BG2
£212K07/230.62 mi60, Cowslip Bank, Lychpit, Basingstoke, Hampshire RG24 8RR2
£185K11/210.63 mi23, Tobago Close, Basingstoke, Hampshire RG24 9PX2
£195K09/210.69 mi29, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£202K10/220.69 mi29, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£167K09/210.71 mi5, Barrington Drive, Basingstoke, Hampshire RG24 9RS2
£165K12/200.71 mi14, Barrington Drive, Basingstoke, Hampshire RG24 9RS2
£220K12/220.71 mi25, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£198K11/200.71 mi25, Brocas Drive, Basingstoke, Hampshire RG21 5LS2
£205K04/210.74 mi33, Warner Close, Basingstoke, Hampshire RG24 9RY2
£165K12/200.78 mi79, Englefield Way, Basingstoke, Hampshire RG24 9SF2
£205K08/230.79 mi12, Norn Hill Close, Basingstoke, Hampshire RG21 4HF2
£195K08/210.8 mi1, Elvetham Rise, Chineham, Basingstoke, Hampshire RG24 8ET2
£200K06/230.81 mi12, De Port Gardens, Chineham, Basingstoke, Hampshire RG24 8EW2
£97.5K11/210.84 mi25, Egerton Drive, Basingstoke, Hampshire RG24 9FG2
£186.5K02/230.85 miFlat 66, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£205K12/200.85 miFlat 58, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£205K04/230.85 miFlat 23, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£190K03/230.85 miFlat 73, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£200K07/230.85 miFlat 74, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£195K02/230.85 miFlat 80, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£200K02/230.85 miFlat 87, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£185K09/210.85 miFlat 63, Regent Court, Norn Hill, Basingstoke, Hampshire RG21 4HP2
£220K11/200.87 mi16, Pyotts Court, Old Basing, Basingstoke, Hampshire RG24 8WT2
£205K03/210.87 mi6, Pyotts Court, Old Basing, Basingstoke, Hampshire RG24 8WT2
£160K05/230.92 mi31, Banbury Way, Basingstoke, Hampshire RG24 9FR2
£168K06/210.92 mi35, Banbury Way, Basingstoke, Hampshire RG24 9FR2
£205K11/200.93 mi9, Coppice Pale, Chineham, Basingstoke, Hampshire RG24 8JU2
£255K11/220.95 mi4, Carter Drive, Basingstoke, Hampshire RG24 9UL2
£210K02/210.96 mi81, Stratfield Road, Basingstoke, Hampshire RG21 5RT2
£192.5K02/210.96 mi38, Upton Crescent, Basingstoke, Hampshire RG21 5SW2
£182K03/210.98 mi32, Richards Field, Chineham, Basingstoke, Hampshire RG24 8JZ2

Local Rents

12 rents from £1.1K/mo to £1.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,05009/240 miShetland Road, Basingstoke2
£1,20003/250.35 mi-2
£1,20011/240.36 mi-2
£1,10007/240.39 miMallory Road2
£1,30007/240.42 miChineham2
£1,17510/230.42 miChineham,Basingstoke,RG242
£1,25007/240.43 miGreat Oaks Chase, Chineham2
£1,50007/240.44 mi-2
£1,26007/240.51 miLittle Copse Chase2
£1,47501/250.54 mi-2
£1,12508/240.55 mi-2
£1,30008/240.58 miCloverfield, Lychpit, Basingstoke, RG242

Local Area Statistics

Population in RG24

31,488

Population in Basingstoke

120,645

Town centre distance

2.11 miles away

Nearest school

0.30 miles away

Nearest train station

1.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £180,000

March 7, 2025

Floor Plans

Description

  • No onward chain +
  • 2 Double bedrooms +
  • 27ft Lounge dining room and kitchen +
  • 3 Piece fitted bathroom suite +
  • Balcony overlooking a park to the rear +
  • 3 Large storage cupboards +
  • Residents parking to the front and rear +
  • Ideal first time buyers purchase +
  • 5 Minutes drive to the A33 giving access to Reading +
  • Close to good local amenities +

Yopa are delighted to offer for sale this modern and stylish 2 double bedroom 2nd floor apartment that is offered for sale with no onward chain and would make an ideal firs time buyers purchase.  Ideally located to be within easy walk to good local amenities and 5 minutes drive to Chineham shopping centre and the A33 that gives access to the Reading and the M4 in approximately 15 minutes.  Junction 6 of the M3 and Basingstoke mainline train station are also only a few miles drive away and Basingstoke train station gives access to London Waterloo in approximately 45 minutes and Reading mainline train station gives access to London Paddington in approximately 25 minutes.  There is free of charge residents parking to the front and also the rear. The secure underground parking available at a separate monthly cost for residents if having secure parking is required.  Secure entry into a lobby with lifts to all floors and this property is on the 2nd floor and faces the rear with lovely views over a park and the lounge and balcony also face the rear.  Once inside the apartment there are 3 large storage cupboards in the spacious entrance hall.  There is a good sized 3 piece fitted bathroom suite and both bedrooms are good sized double bedrooms with bedroom 1 being an impressive 15ft with double fitted wardrobes.    The main wow factor to this apartment is the 27ft open plan kitchen, lounge dining room with 2 large windows to the rear and direct access onto the balcony.   The kitchen is well fitted with a built in oven, gas hob, extractor hood and plumbing for washing machine and fridge freezer. There is also a breakfast bar added by the seller.  The lease remaining is a healthy 111 years and the property is fully gas central heated throughout. 

EPC band: B Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, South East & London

01322 952994

Next Steps?

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