Basingstoke, RG21 7TW | Investment Property for Sale | VES-RG21-001

Opportunity to purchase an apartment in Basingstoke generating £11,400 rent pa & gross yield of 5.4%

£210,000

Apartment

VES-RG21-001

INITIAL INVESTMENT

£63,000

Based on

deposit: £52,500

stamp duty: £8,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£11,400

GROSS YIELD

5.4%

ADD TO FAVOURITES

Long-term tenant

Tenants that stay for long periods feel they have a stake in the property and are more likely to treat it as though it was theirs.

Benefits include:

  • Steady income
  • Minimised wear and tear
  • Fewer void periods

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£175

SERVICE CHARGE

£2,392

2 bedrooms

2 bathrooms

1 reception room

743

Fully Furnished

Leasehold information

  • Length of lease: 125 years
  • Start of lease: 2004

Property information

  • Located on the 8th floor
  • This apartment is the 2nd biggest within the block
  • The property looks out onto Basingstoke and is not overlooked by anyone
  • The master bedroom comes with ensuite
  • Comes with allocated parking space
  • Tenants have been in situ since 2017
  • EPC rating C

Location information

The property is located in the popular Crown Heights development in the heart of Basingstoke town centre, near the bus station, train station and the Festival Place shopping centre.

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

Tenancy

RENT

£11,400 p.a. / £950 pcm

TENANCY DEPOSIT

£1,315

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

30 months ago

TENANCY AGREEMENT ENDS

Periodic

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Basingstoke, Hampshire

Basingstoke is the largest town in Hampshire in south central England. It lies around 30 miles north-east of Southampton, 48 miles south-west of London and 19 miles north-east of Winchester.

The town is located at Junction 6 and 7 of the M3 motorway linking it to London, Southampton and the south-west. The nearby A33 runs to Reading and the M4 motorway in the north-east and to Winchester in the south-west. The A339 leads to Newbury in the north and to Alton in the south. Due to its large number of roundabouts Basingstoke is often nicknamed ‘Doughnut City’ or ‘Roundabout City’.

Basingstoke is on the trade route between the southwest of England and London and is a major interchange between Reading, Newbury, Andover, Winchester and Alton.

Basingstoke railway station is on the South Western Main Line from London Waterloo with fast trains taking 43 minutes. Other trains are operated by CrossCountry and go to Southampton and Bournemouth from Birmingham, Manchester and further north. Great Western Railway also operates services to Reading on the Reading to Basingstoke Line.

Some of the local attractions include the Milestones museum which is housed in Basingstoke’s Leisure Park, nearby Tudor palaces, Basing House and the Vyne, Eastrop park, Willis museum and Sainsbury gallery, Whitchurch silk mill and Statfield Saye house. There are plenty of other things to do like walks in the nearby North Wessex Downs or a visit to the Bombay Sapphire gin distillery, whilst the Anvil, a world class concert and theatre venue, hosts a variety of events throughout the year.

Basingstoke is home to a number of UK headquarters of well-known companies such as De La Rue, Sun Life Financial, The Automobile Association, ST Ericsson, Motorola, Barracuda Networks and Eli Lilly and Company. As well as FCB Halesway, BNP Paribas Leasing Solutions and Sony Professional Solutions. It is also home to the European headquarters of the TaylorMade-Adidas Golf Company. The other local employment sectors include IT, telecommunications, insurance and electronics.

Alencon Link,

Basingstoke,

Hampshire,

England,

RG21 7TW

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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