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Hill Road, Oakley, Basingstoke, Hampshire, RG23

South East

£500,000

Listed on 09/07/2026

Property details

Bedrooms
3
Type
Bungalow

Description

This detached three to four-bedroom bungalow presents a rare opportunity for renovation in the desirable village of Oakley. Set on a spacious corner plot, the property features an L-shaped entrance hall that leads to two bedrooms and a shower room, along with a fitted kitchen. A flexible dining room can also serve as a third bedroom and provides access to the first floor, where two more rooms and an en-suite shower room await. With appropriate permissions, this layout has great potential to be transformed into a luxurious principal bedroom suite. The standout feature is the generous 24'3" living room connecting seamlessly to both the dining area and kitchen, with patio doors that lead directly into the surrounding gardens—ideal for entertaining guests or enjoying quiet moments outdoors. This home offers a wealth of space for customization and personal touches, appealing to both families and investors alike. The gardens enveloping the bungalow include a dedicated vegetable garden complete with greenhouse for gardening enthusiasts, while mature flower beds provide privacy and charm alongside the garage. The detached double garage comes equipped with power, lighting, and an inspection pit—perfect for automotive projects or additional storage. A driveway upfront allows for off-road parking of multiple vehicles. This property not only offers comfort but also significant potential for improvement.

Investment analysis

(RG23 area)
Area Average
£406/sq ft
Avg Rent (weekly)
£303
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (RG23)

Area prices are falling by -4.7% over the last 12 months
3 year growth: +0.6%
5 year growth: +10.4%
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

Hill Road, Oakley, Basingstoke, Hampshire, RG23
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,889
Based on a loan of £375,000 over 30 years at 4.45% 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.

Stamp duty calculator

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