1-bedroom flat · RG22 4FQ
Listing removedListed 251 days
Opportunity summary
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About
Tenanted one bedroom top floor apartment in Wella House, a modern town centre conversion. Sold with tenant in situ, offering immediate rental income.
Open plan living area, furnished throughout, lift access and allocated parking.
A well-presented, fully furnished one-bedroom top floor apartment, offered to landlords as a ready-made investment with a tenant in situ.
The property features a spacious open-plan living area with fitted kitchen and appliances, a modern bathroom, and a bright double bedroom.
It is presented in good condition throughout, with laminate flooring, double glazing, and electric heating.
Additional benefits include lift access, secure entry with intercom, an airing cupboard for storage, and allocated parking to the rear.
The apartment is being sold as a tenanted investment, making it an ideal opportunity for landlords seeking a straightforward addition to their portfolio.
Communal entrance hall Secure entry system with intercom, communal sitting area and mailboxes. Lift and stairs to all floors.
Front door to hallway Welcoming hallway with laminate flooring, security entrance phone, and a mains-wired smoke detector.
Reception room 15' 6" x 11' 5" (4.72m x 3.48m) This bright and spacious open-plan room features wood-effect laminate flooring and two large rear-aspect double-glazed windows, allowing plenty of natural light The kitchen area is fitted with a range of gloss white eye-level and base units, including a stainless steel sink with drainer and chrome mixer tap, under-cabinet lighting, a built-in electric oven with ceramic hob and stainless steel extractor fan, a built-in fridge, and a washer/dryer.
The living area is furnished with a grey two-seater sofa, matching black glass coffee table and TV stand, a large wall-mounted mirror, and a stylish ceiling light fitting.
There is also an airing cupboard housing the hot water cylinder, as well as a wall-mounted electric heater for warmth and comfort.
Bedroom 11' 11" x 10' 1" (3.63m x 3.07m) A bright and well-proportioned double bedroom with two rear-aspect double-glazed windows offering pleasant views and natural light.
The room is furnished with a white double bed frame and mattress, two matching bedside tables, and a double wardrobe.
It features wood-effect laminate flooring, neutral décor, and a wall-mounted electric heater.
Bathroom A modern and stylish bathroom fitted with a three-piece white suite comprising a panel-enclosed bath with mixer taps, shower attachment and curved glass screen, a pedestal wash hand basin with tiled splashback, and a low-level WC.
Additional features include a wall-mounted chrome heated towel rail, electric shaver point, recessed downlights, and wood-effect flooring throughout.
Parking Allocated Parking for One car to the rear of the property.
Key facts for buyers Tenure: Leasehold Lease Term: 125 years from 1st January 2014 Ground Rent: £200 per year Current Service Charge: £1768.58 (for the last 12 months) Council Tax Band: B Basingstoke and Deane EPC Rating C Sold with a tenant in Situ paying £950 per month Furnished Allocated Parking for 1 Car
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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 57, Wella House, Basingstoke
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