3-bedroom flat · GU52 6AQ
Listing removedReduced £10k (−4.2%) on 20 JunListed 375 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Selbon Estate Agents are delighted to offer to the market this three bedroom maisonette, ideally located in this non-estate location in Church Crookham.
The property has been recently updated by the current owners and is offered for sale with no onward chain. On entering the property you are welcomed into an L-shaped lounge/dining room.
The kitchen has been updated and boasts eye and base level cupboard and drawer units under a roll top work surface. Inset sink, built-in oven, hob and extractor over.
The current owner has also recently replaced the washing machine, tumble dryer and fridge. There is also a breakfast bar and dual aspect windows.
The remainder of the accommodation includes; three bedrooms and a bathroom with white suite. Outside the property benefits from a small garden area, parking space and a garage in a block.
Further benefits include; gas central heating with a new combi condensing boiler replaced last year, double glazed windows, newly laid carpets and updated internal decoration.
The current lease has 103 remaining. There are no monthly service charges and we are advised by the current owner that the ground rent is approximately £40 per annum.
For any expenditure required to the building, the cost is split between the four owners of the building. (two commercial units and the two maisonettes).
For those seeking the outdoor life, Velmead Woods, Tweseldown, Fleet pond and the Basingstoke canal are all close by, offering a wealth of beautiful walking, running and cycling routes.
Fleet town centre with an array of shops, bars and restaurants and the mainline railway station are a short drive away and there are excellent road links including the M3 & A3 giving access to many local towns and villages.
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 Flat 1, 189, Reading Road South, Church Crookham
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