1-bedroom flat · RG24 9FB
Sold STCListed 43 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
EXPLORER - 50% OWNERSHIP SHARE (Based on 80% of the full market value, full market value is £145,000).This top-floor, one-bedroom apartment is a fantastic opportunity, featuring lift access for convenience and a long lease.
Ideally situated within walking distance of Basingstoke Hospital, the property is offered to the market CHAIN FREE.Property Description:This modern property features a spacious entrance hall with ample storage, a double bedroom, and a bathroom.
The large dual-aspect lounge benefits from a Juliet balcony and provides space for both a dining table and an open-plan kitchen, ideal for contemporary living.Additional highlights include allocated parking, ample visitor spaces, and efficient gas central heating.Shared Ownership Details:50% share based on 80% of the full market value (£58,000), with a monthly rental payment of £234.90.Alternative Option: Maximum Ownership: 80% (£116,000) with no rent payable.Full Market Value: £145,000.
Full Description - EXPLORER - 50% OWNERSHIP SHARE (Based on 80% of the full market value, full market value is £145,000).This top-floor, one-bedroom apartment is a fantastic opportunity, featuring lift access for convenience and a long lease.
Ideally situated within walking distance of Basingstoke Hospital, the property is offered to the market CHAIN FREE.Property Description:This modern property features a spacious entrance hall with ample storage, a double bedroom, and a bathroom.
The large dual-aspect lounge benefits from a Juliet balcony and provides space for both a dining table and an open-plan kitchen, ideal for contemporary living.Additional highlights include allocated parking, ample visitor spaces, and efficient gas central heating.Shared Ownership Details:50% share based on 80% of the full market value (£58,000), with a monthly rental payment of £234.90.Alternative Option: Maximum Ownership: 80% (£116,000) with no rent payable.Full Market Value: £145,000.
Value & comps
No previous sales on record.
Returns
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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 Priestley Road, Basingstoke, RG24
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