1-bedroom flat · RG24 8TL
Listing removedReduced £15k (−18.8%) on 21 JunListed 264 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
EweMove - Set within the highly regarded Oakfields over-55's retirement development in Lychpit, this well-presented one-bedroom apartment offers comfortable, secure and convenient living in a warden-controlled building.
The property is offered in good condition throughout and enjoys a private position within the complex, making it an excellent choice for those seeking a peaceful home with a strong community feel and superb resident facilities.
The accommodation is arranged to provide practical and easy living, comprising an entrance hallway with access to all rooms, a bright and welcoming living room with space for both relaxing and dining, and a fitted kitchen positioned just off the main living area.
The apartment further benefits from a well-proportioned double bedroom and a bathroom, completing a well-balanced layout that is ideal for day-to-day retirement living.
Oakfields is a popular and well-managed development, offering residents a range of excellent communal amenities including a communal lounge, communal dining room, and laundry facilities.
There is also lift access to all floors, making the building easily accessible, and the development enjoys a beautifully maintained communal garden with seating areas-perfect for enjoying the warmer months and socialising with neighbours.
Externally, there is ample communal parking available for both residents and visitors.
The location is another key highlight, being conveniently positioned within Lychpit and within easy reach of local bus routes.
Bus stops are just a short walk away and provide regular services to Chineham Shopping Centre and the wider Basingstoke area, making day-to-day errands and outings simple and stress-free.
An excellent opportunity to purchase a retirement apartment in a sought-after development-early viewing is highly recommended. Service Charges £330PCM Lease Remaining 58 years
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
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FAQ
About 30, Oakfields, Basingstoke
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