2-bedroom flat · RG24 7JL
Listing removedReduced £5k (−2.5%) on 21 JunListed 1081 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A stylish ground floor apartment with an idyllic communal garden, which has the river Lyde running through with its' resident ducks and other wildlife.
In a converted former office building is this two double bedroom property.
Benefitting from electric underfloor heating throughout, a fully fitted kitchen with dining space, LED mood lighting under the units, open plan living room, bathroom with a shower, bath and heated towel rail.
Additional benefits include two parking spaces and video entry phone system.
If you are looking for a semi-rural location, with good access to Basingstoke and beyond then this would be a good pick for you.
The grounds are easily accessed via the A30 and via Greywell Road entrance. The grounds provide visitor parking, with two spaces allocated to this apartment.
There is also a secure bike store, plus a communal garden at the rear of the building with picnic bench and the tranquil river Lyde at the end of the gardens.
Lease remaining: 116 years Services Charges: £991.56 per annum - Reviewed: Annually Ground Rent: £300 per annum - Reviewed: Annually Council Tax Band: B Lease details, service charges, ground rent, maintenance charges (where applicable), and council tax are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts.
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 10 Freya House,, London Road, Basingstoke
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