According to the public record, 2, Rayleigh Road, Basingstoke is a period leasehold apartment with 687 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 2, Rayleigh Road, Basingstoke, RG21.
Rayleigh Road, Basingstoke, RG21 is located in the borough of Basingstoke and Deane within the RG21 postal district.
2, Rayleigh Road, Basingstoke has a single entry in the Land Registry database from April 2021 and a single entry in the EPC database dated October 2008.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Rayleigh Road Basingstoke as £126,678 and the rental value as £735 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 2 Rayleigh Road Basingstoke has increased by £2,988 (2.4%) and its rental value has increased by £44 per month (6.0%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Rayleigh Road, Basingstoke is in very good condition we estimate a sale value of £133,012 and rental value of £772 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £117,810 and a rental value of £684 per month.
If you were able to purchase this property for the estimated value of £126,678, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £623 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 2, Rayleigh Road, Basingstoke was last sold on 12 Apr 2021 for £120,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2021, the market for similar properties has risen 5.2%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 390 metres radius of 2, Rayleigh Road, Basingstoke over the last 2 years.
The most recent example is 4, Rayleigh Road, Basingstoke, RG21 7TJ, a Freehold house which sold for £326,789 in Oct 2022.
Read more about house prices in RG21.
Rayleigh Road, Basingstoke, RG21 has a total of 27 addresses. According to our analysis of all the public data, 2, Rayleigh Road, Basingstoke is the 25th largest and the 26th most expensive property on the street.
When compared to the postcode district it is £164k less expensive than the average property in RG21.
2, Rayleigh Road, Basingstoke has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 01 Oct 2008.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 2, Rayleigh Road, Basingstoke is Basingstoke station which is 700 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Rayleigh Road, Basingstoke, 35.4% of property is privately owned with a mortgage and 29.9% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, Rayleigh Road, Basingstoke, 12.0% of residents are recorded as possessing school level qualifications and 44.3% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Rayleigh Road, Basingstoke, the average age was 38.1 and the most common age was 32.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, Rayleigh Road, Basingstoke, 1.5% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, Rayleigh Road, Basingstoke, there are an average of 1.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.