Churchill Place- Basingstoke
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Buy to let property for sale in Basingstoke
Basingstoke is a thriving town, home to a number of internationally recognised companies such as Sony and AXA. As a consequence of the range of large businesses settled in the town, there is a number of well-heeled young professionals, and the average age of the town’s residents is 36. The average income of someone residing in Basingstoke is £40,000, all vying for good quality and well-connected apartments in the town.
Key Figures
£149,950Starting Price
6%Net Yield
Q4 2018Completion Date
Investment Details
Basingstoke is located in what is known as the ‘Thames Valley’ region in the UK. The Thames Valley is one of the wealthiest regions in the EU due to its skilled workforce and proximity to London. Productivity in The Thames Valley in 2006 was £49,000 per worker, which was £8,900 more than the wider south east region of England. Thames Valley has a higher percentage of workers in senior or managerial positions (20% vs a national average of 15%) and is one of the UK’s fastest growing regions.
Buy to let property for sale in Basingstoke
Due to Basingstoke’s proximity to many major towns and cities, such as Reading, Southampton and London, there is a need in the town for residential property close to transport links and local businesses to accommodate both the town worker and commuting professional. Churchill Place is situated in an unbeatable location, close to all the major road and transport links and within easy reach of more than 15,000 jobs.
Churchill Place offers a mix of 257 studios, one and two bedroom apartments. The interior is finished to a high standard that young professionals have come to expect, and the capital growth projected for an apartment in the development stands at 20%, with net yields promised of up to 6%.
Basingstoke Property Investment Facts
- Prices start from just £149,950
- Projected capital growth of 20%. Net yields of 6%
- Town centre location close to major roads and transport links
- Within 45 minutes of London, Reading and Southampton.
- Luxurious interiors with fitted kitchen and integrated appliances
- Close to over 15,000 jobs
- Basingstoke has high employment rates and a large highly skilled professional workforce
To find out more about how you can grasp a hold of this buy to let property for sale in Basingstoke, contact us today.
Although Churchill Place is now fully sold, read here to find out how commuter towns compare to London in terms of life satisfaction and investment.
The Numbers
Ground Rent:£350
Number of Units:Last few units
Service Charge:£1357
Prices:From £149,950
Leasehold:125 Years
Property completed with high specification.
- 10% Desposit
- 90% on completion
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