1-bedroom flat · RG21 7PF
For saleListed today
Opportunity summary
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About
A spacious one bedroom first floor apartment overlooking pretty communal gardens, conveniently situated on the edge of Basingstoke’s Old Town Centre.
It has been re-decorated with new carpets throughout and new blinds. In addition, the kitchen and bathroom have both been refurbished.
Built by McCarthy & Stone as a retirement plus apartment for the over 70’s, it offers an extra level of support for those wishing to still live independently. It is available with no onward chain.
This decent size apartment has a wide entrance hall with a deep storage cupboard off to the left. The lounge/diner has well defined living and dining spaces and is centred on a feature fireplace.
At the far end is a glazed door out to the balcony, which has a pleasant vista over the communal gardens.
The kitchen is well fitted with appliances including an electric oven, hob and hood together with an integrated fridge/fridge freezer.
The bedroom is a good size ‘double’ with built-in wardrobes and the bathroom has a bath and walk-in shower.
Communal Features: Personal security and peace of mind are paramount here with a camera door entry system.
Help is a moment away with a duty manager onsite and on call 24/7, 365 days a year and a 24 hour emergency call system provided by a personal pendant with a call point in the bathroom.
Communal facilities include a resident’s lounge, table-service lunch time subsidised restaurant, roof terrace, landscaped gardens, scooter charging room and a laundry room.
One hour of domestic support per week is included in the service charge with additional care and support available at an extra charge.
The service charge is £9,910.86 per annum (year ending 31/03/2027) and includes the following: Cost of the estate manager, cleaning of communal windows, water rates for communal areas and apartments, electricity, heating, lighting and power to communal areas, 24 hour emergency call system, upkeep of gardens and grounds, repairs and maintenance to the interior and exterior communal areas, contingency fund including internal and external redecoration of communal areas and buildings insurance Car Park Permit Scheme (subject to availability) - Parking is by allocated space, the fee is £250 per annum.
Leasehold - Ground Rent: £435.00 per annum Ground Rent Review Date: June 2028 Lease 125 Years from the 1st June 2013
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
Agent & docs
FAQ
About New Road, Basingstoke, Hampshire, RG21
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