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Lightsfield, Oakley, Basingstoke, RG23 7BY

South East

£450,000
Listed on 17/03/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1259 sqft

Description

Nestled in the desirable village of Oakley, just a short drive from Basingstoke, this three-bedroom family residence presents an opportunity for investors and renovators alike. Spanning approximately 1,422 sq ft including a garage, the property features a practical layout that is well-suited for customization. Oakley boasts a tight-knit community atmosphere, reputable schools, and easy access to local amenities alongside excellent transport links to London Waterloo. The ground floor layout encourages modern family living with a generous living room at the front, while the spacious open-plan kitchen/dining room at the rear — measuring over 23ft — is designed for both casual everyday use and entertaining guests. With direct access to the garden through patio doors, this area holds considerable potential for updates or expansion. A separate utility room and cloakroom enhance functionality, and the existing garage could be repurposed into additional living space with appropriate permissions. Upstairs hosts three well-sized bedrooms arranged around a central landing. The principal bedroom includes a dressing room adding to its appeal, while the family bathroom serves the other two bedrooms. This versatile arrangement allows for easy adaptation as family needs evolve. The enclosed rear garden is set up for family enjoyment with an immediate patio area perfect for outdoor gatherings and a lawn providing ample space for children to play safely. The timber fencing ensures privacy and security while allowing new owners to personalize this outdoor area according to their tastes. Overall, this property not only offers comfortable living but also significant renovation potential.

Investment Analysis

(RG23 area)

Below Market Value

This property is priced -11.1% below area average per sq ft

-11.1%
Potential saving
This Property
£357/sq ft
Area Average
£402/sq ft
Avg Rent (weekly)
£286
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£556,799
10% above area average per sq ft
Potential ROI
+13.6%
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
£1,623
Based on a loan of £337,500 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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