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Lightsfield, Oakley, Basingstoke, RG23 7BY

South East

£300,000
Listed on 11/03/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1266 sqft

Description

Located in the sought-after Lightsfield area, this three-bedroom property presents an opportunity for those looking to invest in a renovation project. The home is arranged over two floors and offers flexibility in design, catering well to families or first-time buyers wanting to customize their living space. While the property has experienced previous water damage, remedial work has been completed and the affected areas have dried out, indicating that it is ready for a thorough refurbishment. Upon entering, you are greeted by a spacious hallway leading to a generous living room, perfect for relaxation or entertaining guests. Adjacent, the conservatory provides an inviting light-filled space with views of the rear garden—ideal as additional dining or family room space. The kitchen features fitted units that can be updated to enhance functionality. Additionally, there is internal access to an integral garage that could serve as storage or be converted into usable living space, subject to permissions. On the upper floor, you will find three sizable bedrooms designed for various needs—whether children’s rooms, guest accommodation, or a home office—and they share a family bathroom that could benefit from modernization. The exterior boasts a rear garden with both lawn and patio areas that present opportunities for landscaping and outdoor living enhancements tailored to personal styles. Fencing provides privacy and security while a garden shed adds valuable storage solutions. The Lightsfield location is not just desirable but practical too; it offers proximity to local amenities and schools while also being within reach of transport links that connect to Basingstoke's wider retail offerings and mainline rail services to London Waterloo. This property represents a compelling canvas for buyers wanting to inject their own vision into its potential.

Investment Analysis

(RG23 area)

Below Market Value

This property is priced -41.1% below area average per sq ft

-41.1%
Potential saving
This Property
£237/sq ft
Area Average
£402/sq ft
Avg Rent (weekly)
£286
Avg Yield
3.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£559,895
10% above area average per sq ft
Potential ROI
+55.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (RG23)

Area prices are stable by -0.3% over the last 12 months
3 year growth: +5.2%
5 year growth: +15.2%
Investment Disclaimer: Analysis based on RG23 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Lightsfield, Oakley, Basingstoke, RG23 7BY
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,082
Based on a loan of £225,000 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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