We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom house · RG22 4LF
Sold STCListed 273 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This is an exceptional house with plenty of room (extended to both front and rear) and wonderfully presented for sale by the owners.
The kitchen and bathroom have been upgraded and a clever use of space has provided a study area on the first floor.
The finish throughout is high quality, giving an overall impression of a well cared for family home.
The front garden is enclosed, with a paved pathway leading to the front door that opens into the entrance hall.
To the left is the utility room, which has white high gloss finish units with appliance space and plumbing for a washing machine. There is access through to the downstairs loo.
Attractive Karndean flooring extends from here throughout the ground floor excluding the living room, which is carpeted.
The dining room has open access into the kitchen, which has white high gloss finish cupboards complemented by polished granite worksurfaces. The large living room is to the rear of the house.
There are double doors off the inner hallway into the spacious wrap around conservatory – currently used as a garden sitting room and exercise zone.
Heading upstairs, the landing has an attractive glass balustrade. The main bedroom has fitted wardrobes and a dressing table (not shown on the floorplan).
The second bedroom, which is also a double, has a useful study area and a built-in wardrobe. The third bedroom is a large single and has a built-in cupboard.
The bathroom has been stylishly fitted with a white suite that has a shower and screen over the bath and contemporary wall tiling.
Moving outside, the garden to the rear is south-west facing and is well laid out with a block paved terrace and pathways with a neatly trimmed lawn and flower and shrub borders.
There are two timber sheds with power and there is an external power point and water tap (there is also a water tap in the front garden).
Parking is good, with unallocated spaces to the front and a garage with a driveway just around the corner.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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 Novello Close, Basingstoke, Hampshire, RG22
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