# 2 bedroom flat for sale (RG25 3LW) ## Property Details | Key | Value | |-----|-------| | Address | FLAT 4, 23 CHARLEDOWN CLOSE, BASINGSTOKE, OVERTON, HAMPSHIRE RG25 3LW | | Price | £185,000 | | Bedrooms | 2 | | Bathrooms | 1 | | Council tax | B | | Last sold | £123,950 May 2006 | ## Description CHEQUERS ESTATE AGENTS are pleased to offer for sale this well presented maisonette on the outskirts of the village of Overton, overlooking farmland. The property offers flexible accommodation comprising generously sized lounge, modern kitchen area with integrated appliances, double bedroom with further study and a modern shower room. Further benefits include double glazing and communal gardens. (draft particulars - awaiting vendors approval). **Entrance Hall:** - UPVC front door, laminate flooring, spotlights. **Living Room:** - 5.23m x 5.18m (17'2" x 17') - Double glazed doors to BALCONY, double glazed window, spotlights, laminate flooring, open plan to - **Kitchen Area:** - 3.05m x 2.26m (10' x 7'5") - Modern fitted kitchen with range of units, work surfaces inset circular sink and drainer, inset hob and oven, integrated dishwasher, fridge/freezer and washing machine, spotlights. **Bedroom One:** - 3.30m x 3.23m max, 2.26m min (10'10" x 10'7" max, - Double glazed window, laminate flooring. **Study:** - 3.15m x 2.90m max, 1.88m min (10'4" x 9'6" max, 6' - Skylight window - ideal study but could be used as an occasional 2nd bedroom. **Shower Room:** - Suite comprising shower cubicle, low level w.c., wash hand basin, tiled surrounds. **Gardens:** - To the front of the property is a communal car park, steps to communal lawned garden with mature hedging and backing into fields. **Lease Details:** - The remaining lease is approximately 59 years - this is currently being extended. Prospective purchasers should clarify these details with their solicitor. PLEASE NOTE - the flat is sold with a share of the freehold. **Council Tax:** - Band B **Money Laundering Regulations:** - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. **Referrals:** - Chequers will recommend the services of other businesses and may receive a referral fee in some instances where a buyer or seller uses the services of that company. ## Property Photos - ![Photo](/listings/photos/166918232/738819) - ![Photo](/listings/photos/166918232/738820) - ![Photo](/listings/photos/166918232/738822) - ![Photo](/listings/photos/166918232/738823) - ![Photo](/listings/photos/166918232/738824) - ![Photo](/listings/photos/166918232/738827) - ![Photo](/listings/photos/166918232/738828) - ![Photo](/listings/photos/166918232/738829) - ![Bedroom 1](/listings/photos/166918232/738831) - Bedroom 1 - ![bedroom 1](/listings/photos/166918232/738832) - bedroom 1 - ![Bedroom 2](/listings/photos/166918232/738836) - Bedroom 2 - ![Photo](/listings/photos/166918232/738837) - ![Balcony](/listings/photos/166918232/738841) - Balcony - ![Flat Entrance](/listings/photos/166918232/738843) - Flat Entrance - ![Photo](/listings/photos/166918232/738844) ## Floorplans - ![Floorplan 1](/listings/photos/166918232/738847) - Floorplan 1 ## EPC Graphs - ![EE Rating](/listings/photos/166918232/738849) - EE Rating ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 23 FLAT 4 CHARLEDOWN CLOSE, OVERTON, BASINGSTOKE, BASINGSTOKE AND DEANE, HAMPSHIRE, RG25 3LW | £123,950 | 05/05/2006 | Terraced | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | 23 FLAT 1 CHARLEDOWN CLOSE, OVERTON, BASINGSTOKE, BASINGSTOKE AND DEANE, HAMPSHIRE, RG25 3LW | £155,000 | 16/12/2022 | Flat | | 6 CHARLEDOWN CLOSE, OVERTON, BASINGSTOKE, BASINGSTOKE AND DEANE, HAMPSHIRE, RG25 3LW | £198,000 | 27/06/2022 | Flat | **Area average:** £176,500 (2 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £175,000 (1 Flat, RG25, 2024–2026) - **Deviation:** +5.7% ## Rental Range *ONS Price Index of Private Rents (Basingstoke and Deane). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,185/mo - **Realistic:** £1,317/mo - **Optimistic:** £1,449/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Basingstoke (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £947/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 2 Bed End Terrace, Winchester Street, RG25 | £1,400/mo | 2 | 0.3 miles | OpenRent | **Average rent: £1,400/mo (1 listing)** ## 1% Rule - **Rent ratio:** 0.76% (weak for cashflow) - **Max investor price (0.8%):** £175,000 - **Target investor price (1%):** £140,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £1,400/mo).* - **Gross yield:** 9.1% - **Cost-to-rent:** 11× - **Monthly cashflow:** £506/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 11.3% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).* ## House Price Index (HM Land Registry) *Official index for Basingstoke and Deane; Flats and maisonettes series; as of March 2026.* - **1y growth (index):** -1.8% - **5y growth (index):** 7.3% - **10y growth (index):** 12.8% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)