# 3 bedroom house for sale (GU11 4FP) ## Property Details | Key | Value | |-----|-------| | Address | 2, PULLEN HOUSE, 10, ST SEBASTIANS WAY, ALDERSHOT, WELLESLEY, HAMPSHIRE GU11 4FP | | Price | £176,000 | | Bedrooms | 3 | | Bathrooms | 1 | | Council tax | TBC | | Last sold | £213,500 Feb 2024 | ## Description SHARED OWNERSHIP - A beautiful three bedroom shared ownership house situated on the Wellesley Development and situated close to Aldershot town centre and train station. The Basingstoke Canal is also a short distance walk. On entering the property you will be greeted with a beautiful kitchen, living and dining room. To the first floor you will discover three bedrooms and a family bathroom. A 40% share of this property is £176,000 with a full market value of £440,000. The rent on the 60% share you don't own would be £605.00pcm. Please note that the images used in this listing are for illustrative purposes only. They may be computer-generated images, stock photographs, or images of other plots within the same development. As such, they may not accurately reflect the specific property being marketed. Finishes, layouts, fixtures, fittings, and external appearances may vary. Interested parties are advised to contact the developer or agent for further details. The property comes with an enclosed rear garden laid to patio and lawn. Two parking spaces. Lease Remaining 125 years Estate Charge £310 per annum Reviewed TBC EPC: TBC Council Tax: TBC Lease details, service charges, ground rent, maintenance charges (where applicable), and council tax are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts. ## Property Photos - ![Picture No. 13](/listings/photos/174762989/240523) - Picture No. 13 - ![Picture No. 03](/listings/photos/174762989/240524) - Picture No. 03 - ![Picture No. 04](/listings/photos/174762989/240525) - Picture No. 04 - ![Picture No. 05](/listings/photos/174762989/240526) - Picture No. 05 - ![Picture No. 06](/listings/photos/174762989/240527) - Picture No. 06 - ![Picture No. 07](/listings/photos/174762989/240528) - Picture No. 07 - ![Picture No. 08](/listings/photos/174762989/240529) - Picture No. 08 - ![Picture No. 09](/listings/photos/174762989/240530) - Picture No. 09 - ![Picture No. 10](/listings/photos/174762989/240531) - Picture No. 10 ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | PULLEN HOUSE, 10 2 ST SEBASTIANS WAY, WELLESLEY, ALDERSHOT, RUSHMOOR, HAMPSHIRE, GU11 4FP | £213,500 | 23/02/2024 | Flat | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | SMITH HOUSE 11 BURKE PLACE, WELLESLEY, ALDERSHOT, RUSHMOOR, HAMPSHIRE, GU11 4BR | £275,000 | 20/03/2023 | Other | | GRIEVE HOUSE, 1 FLAT 6 MONTGOMERY AVENUE, WELLESLEY, ALDERSHOT, RUSHMOOR, HAMPSHIRE, GU11 4DH | £285,000 | 17/02/2023 | Other | | 2 BARROSA ROAD, WELLESLEY, ALDERSHOT, RUSHMOOR, HAMPSHIRE, GU11 4DQ | £477,262 | 20/06/2022 | Other | | 3 ALBUHERA ROAD, WELLESLEY, ALDERSHOT, NEW FOREST, HAMPSHIRE, GU11 4DD | £461,496 | 22/09/2021 | Other | | 9 MASTERSON CLOSE, WELLESLEY, ALDERSHOT, RUSHMOOR, HAMPSHIRE, GU11 4EA | £1,151,008 | 21/06/2021 | Other | **Area average:** £529,953 (5 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £249,992 (6 Other, GU11, 2024–2026) - **Deviation:** -29.6% ## Rental Range *ONS Price Index of Private Rents (South East). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,273/mo - **Realistic:** £1,414/mo - **Optimistic:** £1,555/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Blackwater Valley (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £1,291/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 | |------|------|------|------|------| | 3 Bed Terraced House, Baird Close, GU11 | £1,850/mo | 3 | 0.06 miles | OpenRent | | 3 Bed Semi-Detached House, Crescent Drive, GU12 | £2,100/mo | 3 | 0.86 miles | OpenRent | | 3 Bed Terraced House, Crescent Drive, GU12 | £3,500/mo | 3 | 0.86 miles | OpenRent | | 3 Bed Terraced House, Windmill Road, GU12 | £1,800/mo | 3 | 0.93 miles | OpenRent | **Average rent: £2,313/mo (4 listings)** ## 1% Rule - **Rent ratio:** 1.12% (strong) - **Max investor price (0.8%):** £246,875 - **Target investor price (1%):** £197,500 *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 £1,975/mo).* - **Gross yield:** 13.5% - **Cost-to-rent:** 7.4× - **Monthly cashflow:** £1,059/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 24.9% *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).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 56.4% ## House Price Index (HM Land Registry) *Official index for South East; All dwelling types series; as of March 2026.* - **1y growth (index):** -0.8% - **5y growth (index):** 10.5% - **10y growth (index):** 25.1% ## 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)