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See how verdicts work2-bedroom flat · RG24 9YB
For saleReduced £10k (−3.8%) on 1 AugListed 117 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the first floor of the sought-after Gillies Meadow development in Rooksdown, this spacious two double bedroom apartment, built by David Wilson Homes in 2020, offers contemporary open plan living, two bathrooms, lift access, a private balcony, allocated parking and the benefit of a 991-year lease.
The apartment is accessed via a secure communal entrance with both lift and stair access to all floors.
A welcoming entrance hall provides excellent storage and leads through to an impressive open plan kitchen, dining and living space measuring over 26ft in length.
The contemporary kitchen is fitted with a comprehensive range of units and integrated appliances, while the generous reception area provides ample space for both relaxing and entertaining.
French doors open onto a covered private balcony, creating the perfect place to enjoy a morning coffee or unwind at the end of the day.
The principal bedroom is a generous double and benefits from fitted wardrobes together with a modern en suite shower room.
The second bedroom is also a comfortable double with fitted wardrobes and is served by a stylish family bathroom, making the apartment equally well suited to first-time buyers, professionals, downsizers or those requiring a guest bedroom or home office.
Externally, the property benefits from allocated parking, visitor parking nearby and well-maintained communal grounds.
The building is accessed via a secure entry system and is served by both a lift and stairs.
Locksbridge House forms part of the popular Gillies Meadow development in Rooksdown, constructed by David Wilson Homes in 2020 and well regarded for its attractive surroundings and convenient location.
Residents enjoy easy access to Basingstoke and North Hampshire Hospital, local shops, schools, green open spaces and pleasant walking routes.
Basingstoke town centre, the mainline railway station with direct services to London Waterloo, the A339, A33 and M3 are all within easy reach.
Lease Information (provided by the seller) Approximately 991 years remaining Service charge: £2,124 per annum Ground rent: £225 per annum
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.
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FAQ
About 4 Locksbridge House, 1, Divot Way, Basingstoke
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