2-bedroom house · RG21 5NZ
Sold STCListed 170 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO ONWARD CHAIN - CHEQUERS are pleased to offer for sale this generously sized first floor retirement apartment set in a sought after development on the outskirts of the town centre with easy acces to local services and amenities.
The accommodation includes 21' x 11' living room, kitchen, two double bedrooms and a shower room. There are communal areas for the residents including lounge, kitchen and well maintained gardens.
(draft particulars - awaiting vendors approval) Entrance Hall: - Airing cupboard, wall mounted heater, alarm unit.
Living Room: - 6.40m x 3.43m (21' x 11'3") - Double glazed window, wall light points, night storage heater, door to - Kitchen: - 2.51m x 2.24m (8'3" x 7'4") - Double glazed window, range of eye and base level units, work surfaces, fitted hob with extractor over, fitted oven with cupboards above and below, inset 1.5 bowl sink unit with mixer tap, appliance space, tiled surrounds.
Bedroom One: - 5.23m x 2.67m (17'2" x 8'9") - Night storage heater, built-in wardrobe, wall light point.
Bedroom Two: - 3.71m x 2.69m (12'2" x 8'10") - Double glazed window, night storage heater, wall light point.
Shower Room: - 2.01m x 1.68m (6'7" x 5'6") - Suite comprising double shower cubicle, low level w.c., wash hand basin, wall mounted electric heater, tiled surrounds.
Communal Facilities: - There is a communal lounge and conservatory with small kitchen area available for the residents use.
Gardens: - The development has well maintainted communal gardens, laid to lawn with patio areas. Parking is available for residents only.
Lease Details: - We have been advised there are approximately 62 years remaining on the lease . Ground Rent - £157.50 payable in April and October.
Next review is April 2039 Service Charge - £323.98 per month. and reviewed every January. Prospective purchasers should clarify these details with their solicitor.
Money Laundering Regulations: - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
Referrals: - Chequers will recommend the services of other businesses and may receive a referral fee in some instances where a buyer or seller uses the services of that company.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Vyne Road, Basingstoke
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