According to the public record, 253, Cranbourne Lane, Basingstoke is a mid-century leasehold apartment with 656 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Cranbourne Lane, Basingstoke, RG21 is located in the borough of Basingstoke and Deane within the RG21 postal district.
253, Cranbourne Lane, Basingstoke has a single entry in the Land Registry database from June 2014 and a single entry in the EPC database dated July 2023.
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 253 Cranbourne Lane Basingstoke as £220,346 and the rental value as £1,126 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 253 Cranbourne Lane Basingstoke has increased by £4,929 (2.2%) and its rental value has increased by £69 per month (6.1%).
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 253, Cranbourne Lane, Basingstoke is in very good condition we estimate a sale value of £231,363 and rental value of £1,183 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £204,922 and a rental value of £1,048 per month.
If you were able to purchase this property for the estimated value of £220,346, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,083 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, 253, Cranbourne Lane, Basingstoke was last sold on 16 Jun 2014 for £147,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2014, the market for similar properties has risen 25.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 253, Cranbourne Lane, Basingstoke within a radius of 680 metres over the last 2 years.
The most recent example is 27, Halliday Close, Basingstoke, RG21 3LA, a Leasehold flat which sold for £230,000 in Feb 2023.
Read more about house prices in RG21.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cranbourne Lane, Basingstoke, RG21 has a total of 71 addresses. According to our analysis of all the public data, 253, Cranbourne Lane, Basingstoke is the 59th largest and the 39th most expensive property on the street.
When compared to the postcode district it is £70k less expensive than the average property in RG21.
253, Cranbourne Lane, Basingstoke has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 20 Jul 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 253, Cranbourne Lane, Basingstoke is Basingstoke station which is 2.0 kilometres 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 253, Cranbourne Lane, Basingstoke, 41.6% of property is privately owned with a mortgage and 33.0% 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 253, Cranbourne Lane, Basingstoke, 14.4% of residents are recorded as possessing school level qualifications and 34.7% 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 253, Cranbourne Lane, Basingstoke, the average age was 41.1 and the most common age was 52.
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 253, Cranbourne Lane, Basingstoke, 0.0% 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 253, Cranbourne Lane, Basingstoke, there are an average of 1.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.