2-bedroom flat · RG24 9WB
For saleListed 49 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within the modern Squirrels Wood development in Rooksdown is this beautifully presented two double bedroom first floor apartment, offered for sale on a 75% shared ownership basis with the option to purchase 100%.
The property boasts an exceptionally spacious open plan kitchen/living/dining room, Juliet balconies, allocated parking and an outstanding amount of storage space rarely found in an apartment.
Built in 2021 and benefiting from the remainder of its new build warranty, this impressive first floor apartment offers spacious and highly practical accommodation within the popular Squirrels Wood development in Rooksdown.
At the heart of the home is the generous open plan kitchen, living and dining room.
The modern fitted kitchen provides an excellent range of units and work surfaces, while the size of the room allows clearly defined areas for dining and relaxing without compromising on space.
A Juliet balcony brings plenty of natural light into the room and adds to the bright, open feel.
Both bedrooms are comfortable doubles, with the principal bedroom further benefiting from its own Juliet balcony. There is also a modern family bathroom.
One of the property's standout features is the exceptional amount of storage available. In addition to two useful storage cupboards off the hallway, there is a substantial additional storage area.
This provides a fantastic solution for those needing considerably more storage than is typically available within an apartment, whether for children's belongings, sports equipment, hobbies or general household storage.
Subject to any necessary permissions and alterations, its proportions could also lend themselves to being adapted as a compact study or hobby space.
Externally, the property benefits from allocated parking. The apartment is offered for sale on a 75% shared ownership basis, with rent on the remaining share currently at £176.17 per calendar month.
There is also the option to purchase 100% ownership of the property. The current service charge and ground rent are £115.54 per calendar month, with approximately 120 years remaining on the lease.
Squirrels Wood forms part of the popular Rooksdown area of Basingstoke and is particularly well positioned for Basingstoke Hospital, making the property an excellent option for those working at the hospital or wanting convenient access to it.
Rooksdown offers a range of local amenities and green spaces, while Basingstoke town centre provides a much wider selection of shopping, restaurants and leisure facilities at Festival Place and The Malls.
For commuters, Basingstoke railway station provides direct services to London Waterloo, while the property's location offers particularly convenient road access to the A339 towards Newbury, as well as the M3 and wider road network.
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 6, West Siding, Hampshire
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