2 Bed Flat, Single Let, Basingstoke, RG24 9FP, £230,000

2 Bedroom Detached Apartment, Oxford Way, Basingstoke, Hampshire, RG24 9FP - 8 days ago

Leasehold

BTL

ROI: 1%

~68 m²

+5 photos

ValuationOvervalued

Sold Prices	£57K - £430.3K

Square Metres	~68.11 m²
Value Estimate	£182,500£182,500

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£57,500£57,500
Stamp Duty & Legal Fees	£12,700£12,700
Total Cash In	£70,200£70,200

Cash Out
Rent Range	£995 - £2,800£995 - £2,800
Rent Estimate	£999
Running Costs/mo	£939£939
Cashflow/mo	£60£60
Cashflow/yr	£725£725
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

26 sold prices from £57K to £430.3K, average is £185K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£195K	11/20	0.04 mi	264, St. Vincent Street, Glasgow G2 5RL	-	-	2	Flat
£255K	01/21	0.09 mi	223, St. Vincent Street, Glasgow, Gla G2 7QF	-	-	2	Flat
£215K	11/21	0.32 mi	39, Garnethill Street, Glasgow G3 6QD	-	-	2	Flat
£180K	11/21	0.37 mi	307, 3/6, Hope Street, Glasgow G2 3PT	-	-	2	Flat
£57K	10/21	0.37 mi	21b, New City Road, Glasgow G4 9DE	-	-	2	Flat
£132K	10/21	0.38 mi	51c, New City Road, Glasgow G4 9DE	-	-	2	Flat
£150K	02/21	0.39 mi	2c, Garnet Court, Glasgow G4 9NT	-	-	2	Flat
£125K	11/21	0.53 mi	51 Minerva Court, Houldsworth Street, Glasgow G3 8EH	-	-	2	Flat
£115K	04/21	0.55 mi	27a, Gladstone Street, Glasgow G4 9PJ	-	-	2	Flat
£190K	07/21	0.55 mi	308, 5/1, Clyde Street, Glasgow G1 4NP	-	-	2	Flat
£295K	12/21	0.56 mi	3, Claremont Place, Glasgow G3 7YR	-	-	2	Flat
£333.4K	09/21	0.62 mi	11, Woodlands Terrace, Glasgow G3 6DD	-	-	2	Flat
£162.5K	02/21	0.66 mi	101, Flat 1 Great Western Court, Maryhill Road, Glasgow G20 7XN	-	-	2	Flat
£263.5K	07/21	0.68 mi	103, Flat 52, Hutcheson Street, Glasgow G1 1SN	-	-	2	Flat
£320K	08/21	0.71 mi	53, 6/1, Hutcheson Street, Glasgow G1 1UL	-	-	2	Flat
£107.5K	10/21	0.72 mi	240, 5/4, Wallace Street, Glasgow G5 8AU	-	-	2	Flat
£112K	02/24	0.72 mi	5/4, 240, Wallace Street, Glasgow G5 8AU	-	-	2	Flat
£430.3K	02/21	0.72 mi	3a, Royal Crescent, Glasgow G3 7SL	-	-	2	Flat
£107.5K	10/21	0.72 mi	240, 5/4, Wallace Street, Glasgow G5 8AU	-	-	2	Flat
£290K	06/21	0.73 mi	140, 5/1, Ingram Street, Glasgow G1 1EJ	-	-	2	Flat
£250K	05/21	0.73 mi	120, 4/5, Ingram Street, Glasgow G1 1EJ	-	-	2	Flat
£128.1K	10/21	0.76 mi	109b, North Woodside Road, Glasgow G20 7UZ	-	-	2	Flat
£209K	03/21	0.77 mi	12, Burnbank Gardens, Glasgow G20 6HB	-	-	2	Flat
£150K	12/21	0.85 mi	29, Cook Street, Glasgow G5 8JN	-	-	2	Flat
£155K	10/21	0.85 mi	81, Cook Street, Glasgow G5 8JN	-	-	2	Flat
£333.8K	02/24	0.87 mi	5/3, 104, Mavisbank Gardens, Glasgow G51 1HR	-	-	2	Flat

Local Rents

50 rents from £995/mo to £2.8K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,800	04/24	0.09 mi	St. Vincent Street, Glasgow, G2	2	Flat
£1,500	12/24	0.1 mi	-	2	Flat
£1,450	02/25	0.1 mi	-	2	Flat
£1,500	04/24	0.1 mi	-	2	Flat
£1,500	04/24	0.1 mi	-	2	Flat
£1,050	04/24	0.1 mi	The Pinnacle, Bothwell Street, Glasgow, G2	2	Flat
£1,300	04/24	0.1 mi	The Pinnacle, Bothwell Street, Glasgow, G2	2	Flat
£995	04/24	0.1 mi	The Pinnacle, Bothwell Street, Glasgow, G2	2	Flat
£1,300	04/24	0.1 mi	Bothwell St, Glasgow, G2	2	Flat
£1,395	04/24	0.1 mi	Bothwell Street,Glasgow,G2	2	Flat
£1,310	04/24	0.14 mi	Pitt Street, City Centre, Glasgow, G2	2	Flat
£1,300	04/24	0.16 mi	Elmbank Street, Glasgow, Lanarkshire	2	Flat
£1,195	04/24	0.16 mi	Elmbank Street, Glasgow, Lanarkshire	2	Flat
£1,100	04/24	0.18 mi	Bath Street, Variety Gate, Glasgow, G2	2	Flat
£1,300	05/24	0.18 mi	-	2	Flat
£1,300	02/25	0.18 mi	-	2	Flat
£1,300	04/24	0.18 mi	Bath Street, Glasgow, G2	2	Flat
£1,300	04/24	0.18 mi	Bath Street, Glasgow, G2	2	Flat
£1,300	04/24	0.18 mi	Bath Street, Glasgow, G2	2	Flat
£1,095	04/24	0.18 mi	-	2	Flat
£1,300	04/24	0.18 mi	-	2	Flat
£1,275	04/25	0.18 mi	-	2	Flat
£1,249	04/24	0.18 mi	-	2	Flat
£1,250	03/25	0.18 mi	-	2	Flat
£1,250	04/24	0.18 mi	Bath Street, Glasgow City Centre, G2	2	Flat
£1,100	04/24	0.18 mi	Bath Street, Variety Gate, Glasgow, G2 4LP	2	Flat
£1,250	04/24	0.18 mi	Bath Street, City Centre, Glasgow, G2 4LP	2	Flat
£1,250	03/25	0.18 mi	-	2	Flat
£1,150	04/24	0.18 mi	Bath Street, City Centre, Glasgow, G2 4LP	2	Flat
£1,250	04/24	0.19 mi	Bath Street, City Centre, Glasgow, G2 4LP	2	Flat
£1,200	04/24	0.22 mi	Elmbank Street, Glasgow, G2	2	Flat
£1,300	04/24	0.25 mi	Sauchiehall Street, Glasgow	2	Flat
£1,350	04/24	0.25 mi	8/7, 460 Sauchiehall Street, Glasgow, G2	2	Flat
£1,350	04/24	0.25 mi	8/7, 460 Sauchiehall Street, Glasgow, G2	2	Flat
£1,400	12/24	0.25 mi	-	2	Flat
£1,400	03/25	0.25 mi	-	2	Flat
£1,400	02/24	0.26 mi	-	2	Flat
£1,300	12/24	0.26 mi	-	2	Flat
£1,000	03/25	0.26 mi	-	2	Flat
£1,350	04/24	0.27 mi	Hill Street, Garnethill, Glasgow	2	Flat
£1,165	04/24	0.27 mi	Sauchiehall Street, Glasgow, G2	2	Flat
£1,510	04/24	0.27 mi	Renfrew Street, Garnethill, Glasgow, G3	2	Flat
£1,300	12/24	0.28 mi	-	2	Flat
£1,370	04/24	0.28 mi	-	2	Flat
£1,370	04/24	0.28 mi	Argyle Street, Glasgow, G2	2	Flat
£1,195	04/24	0.28 mi	Argyle Street, Glasgow, G2	2	Flat
£1,495	02/25	0.28 mi	-	2	Flat
£1,395	02/25	0.28 mi	-	2	Flat
£1,200	04/24	0.28 mi	-	2	Flat
£1,200	04/24	0.28 mi	Argyle Street, Glasgow, G2	2	Flat

Local Area Statistics

Population in RG24	31,48831,488
Population in Basingstoke	120,645120,645
Town centre distance	343.04 miles away343.04 miles away
Nearest school	337.20 miles away337.20 miles away
Nearest train station	343.61 miles away343.61 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+34%+34%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+9%+9%

Property History

Listed for £230,000

March 28, 2025

Floor Plans

Description

Two Double Bedrooms +
Allocated Parking +
Secure Entry System +
Top Floor Apartment with Great Views +
Long Lease Remaining +
En Suite and Family Bathroom +
Open Plan Living Area +
EPC: B (83) +
Council Tax Band: C +

Located in the popular area of Sherborne Fields this modern top floor apartment has been impeccably cared for by the current owners and we cannot wait to show you around. The design and layout of these apartments are intelligent and practical and for a modern flat there is a huge amount of storage available. Being on the top floor grants you some great views and the generous windows ensure the property is flooded with natural light, only adding to the sense of space.
Both of the bedrooms are genuine double bedrooms and both have built-in wardrobes. The main bedroom is of a great size and has a spacious en suite shower room, whilst bedroom two is over 14 feet in length also. There is a modern family bathroom as well, and alongside this is a huge storage cupboard which is a huge benefit. Both the entrance hallway and the cupboard have windows, enhancing the atmosphere of the property immensely. The hub of the household is the open plan living space which is nearly 21 feet in length and has space for a living area, dining area and the kitchen. With a Juliet balcony and French doors this space is great all year round.

The allocated parking is located just behind the block of flats and there is ample visitors spaces on the road to the front too. There is a secure bike store within the parking area too. This location provides excellent access to numerous areas of outside greenery and easy commuter links via the M3 and A33. Festival Place and the town centre is only a short drive away and with a range of bars restaurants and shops, a well as a mainline railway station it really does have everything you'll need

Lease remaining: 993 years as at March 2025
Services Charges: £1343.00 per annum - Reviewed: TBC
Ground Rent: £180.00 per annum - Reviewed: TBC
Council Tax Band: C

Lease details, service charges, ground rent, maintenance charges (where applicable), and council tax are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts.

Thinking of selling or struggling to sell ? Get in contact with Bridges your experienced, local agents and book your free Valuation now!

Agent Details

Bridges Estate Agents, Basingstoke

01256 638835

Next Steps?

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

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