Sold Retirement Property

11

AUSTEN LODGE, LONDON ROAD, BASINGSTOKE, HAMPSHIRE RG21 4FQ

2 beds 2 baths Listed 30 Jul 2024 (-697d)

£453,950

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Property details

Tenure

LEASEHOLD

Last sold

£423,950 Nov 2024

Local average

£545,000 (-16.7%)

Street crime

345 incidents within 1 mile (Apr 2026)

Key features

  • 24 Hour Call Centre Support System
  • Guest Suite for Friends and Family
  • Owners' Lounge with Coffee Bar
  • Fitted Kitchen with Built-in Appliances
  • Landscaped Garden
  • Free Parking
  • Lodge Manager
  • Energy Efficient and Economical Heating
  • Secure Camera Entry System

Additional details

Parking
Allocated
Garden
Yes

Description

** Austen Lodge is the latest of exciting new builds in Basingstoke and is located on London Road within close proximity to shops and amenities including Festival Place shopping centre. Over 50% are now sold.

These brand-new homes in Basingstoke include 56 one and two-bedroom apartments, some of which feature large terraces or patio areas providing the perfect outside living space. Inside, you'll discover a beautiful Owners' Lounge with coffee bar and the heart of a thriving retirement community. 

All our retirement apartments at Churchill Retirement Living are completely self-contained with their own front door providing privacy and peace in your property. 

There is a choice of one- and two-bedroom apartments, and they may all vary slightly when it comes to dimensions and positions of rooms within the property. 

At Churchill Retirement Living we strive to make all our retirement homes a relaxing and vibrant environment. That's why kitchens are tilled with colour-coordinated worktops and come fully fitted with a waist-height oven, hob, hood and fridge/freezer. 

The retirement apartments include master bedrooms which have fitted walk-in wardrobes, as well as TV and telephone points with even the smallest details considered. 

These Basingstoke homes come with tiled shower rooms as standard while some of them have separate en-suites and cloakrooms which all been designed for ease of use with the requirements of our customers in mind. 

** All our properties in Basingstoke are stringently inspected by our Customer Services departments to ensure they are handed over to the standard of the finish and high quality expected by our customers. 

Listed by

Basingstoke

The Property Franchise Group

Reference: 150788717

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

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Floorplan 2

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Floorplan 3

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Floorplan 4

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Floorplan 5

Floorplan 5

Price history

Event Date Price % change
Sold 29/11/2024 (1 year ago) £423,950

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Sold comparables data is not available for this property.

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -69%
10y growth -85.2%

House Price Index (HM Land Registry — official index, not sold-price averages): South East. Series: All dwelling types. As of March 2026.

1y (index) -0.8%
5y (index) 10.5%
10y (index) 25.1%

Rental Range

Estimated market rent for South East. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,276/mo
Realistic £1,418/mo
Optimistic £1,560/mo

Based on Postcode area RG → South East.

LHA (30th percentile) floor for Basingstoke: £947/mo (Apr 2025 – Mar 2026)

Location

Address

London Road

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Bus stop Magistrates Court 0.1 miles
Shop New Cash And Carry 0.1 miles
Shop Basingstoke Nutrition 0.1 miles
Bus stop Costello Technology College 0.1 miles
Train station Basingstoke 0.5 miles
Hospital Basingstoke and North Hampshire Hospital 1.8 miles
Hospital Coronary Care Unit (CCU) and Cardiology Ward 1.8 miles
Train station Bramley 4.7 miles

Street-level crime

Category Count
Violence and sexual offences 136
Anti-social behaviour 45
Criminal damage and arson 33
Public order 30
Shoplifting 30
Drugs 27
Other theft 21
Possession of weapons 7
Burglary 4
Other crime 4
Bicycle theft 3
Theft from the person 3
Robbery 1
Vehicle crime 1
Total incidents 345

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
The Costello School Secondary 0.2 miles Good — 13 Dec 2021
Fairfields Primary School Primary 0.3 miles Good — 31 Jan 2023
Queen Mary's College Other 0.5 miles (No rating)
Rucstall Primary School Primary 0.5 miles Outstanding — 15 Jul 2024
Basingstoke College of Technology Other 0.6 miles (No rating)

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 Flat, Wolverton Square, RG21 £1,350/mo 2 0.16 miles OpenRent

Average rent: £1,350/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.3%
Max investor price (0.8%) £168,750
Target investor price (1%) £135,000
Gross yield 3.6%
Cost-to-rent ratio 28×
Monthly cashflow £-598/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI -5.4%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus 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).