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See how verdicts work2-bedroom flat · RG21 3JZ
Sold STCReduced £5k (−2.1%) on 26 MayListed 238 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Charlton Grace are delighted to offer to the market this well presented spacious, chain free two bedroom first floor apartment, conveniently situated about a mile from the town centre with the advantage of having a private garden.
The accommodation is filled with light through large double glazed picture windows and offers a private entrance at ground level with porch and stairs rising to a hallway, a modern fitted kitchen, spacious sitting room, modern bathroom and two double bedrooms.
The property has been redecorated throughout and has just had new carpets laid.
It also has gas central heating, the balance of a 999 year lease, a ground rent of just £10 PA with no service charge payable and no onward chain.
LOCATION Cranbourne is about a mile to the south of the centre of Basingstoke, which has a thriving cosmopolitan centre and regular mainline railway service to London Waterloo (about 45 minutes).
The property is within a stone’s throw of the local convenience store and within walking distance of St Johns primary school and Cranbourne secondary school.
Queen Marys Further Education College and the adjoining playing fields are also nearby.
Basingstoke has an excellent range of leisure facilities including a sports centre, cinemas, the Haymarket theatre, Anvil concert hall, a range of restaurants and public houses as well as retail.
options including the Festival Place shopping mall. Junction 6 of the M3 motorway is a short drive away and provides access to London, the south coast and beyond. ACCOMMODATION PORCH.
Stairs to first floor with door to: HALLWAY. Radiator. Fitted cupboard KITCHEN. 9'3" x 8'8" (2.82m x 2.64m) Rear aspect.
Modern range of gloss white fronted eye and floor level units with drawers, sink unit with mixer tap, wood effect work surfaces, built in oven and hob with extractor over, plumbing for washing machine, tiled flooring, cupboard housing gas boiler and hot water cylinder, serving hatch to sitting room.
SITTING ROOM. 15'6" x 10'4" (4.72m x 3.15m) Front aspect Radiator, TV points. BEDROOM ONE. 15'6" x 10'4" (4.72m x 3.15m) Front aspect. Radiator. BEDROOM TWO. 11'3" x 11'0" (3.43m x 3.35m) Rear aspect.
Radiator. BATHROOM. Rear aspect. Modern white suite comprising low level WC, wash basin with mixer tap, bath with shower over and glass screen, tiled walls and flooring, chrome towel radiator.
OUTSIDE PRIVATE REAR GARDEN. The rear half of two located behind the property with paving and lawn, private outside store, all enclosed with gate. LEASE & CHARGES LEASE.
999 years from 12 January 1963 SERVICE CHARGE. N/A GROUND RENT. £10 PA BUILDINGS INSURANCE. £339.22 PA COUNCIL TAX Band B EPC RATING C SCHOOL CATCHMENTS St Johns infant & Juniors.
Cranbourne secondary. BROADBAND & MOBILE CONNECTIVITY. Broadband – Standard, Super & Ultrafast services are available. STAMP DUTY CALCULATOR
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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About Cranbourne, Basingstoke
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