Phoenix Park Terrace, Basingstoke, Hampshire, RG21
South East
£275,000
Listed on 09/10/2026
Listed on 09/10/2026
The listing
Property details
Bedrooms
2Type
TerracedArea
706 sqftFeatures
- Garden
Description
This two-bedroom terraced house is described as requiring updating and includes a previous rear extension, a ground-floor bathroom and a rear garden. A loft room with a Velux window is accessed by a ladder. The property is close to Basingstoke town centre, Festival Place and the mainline railway station. The particulars note that services, systems and appliances have not been tested.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
40out of 100
Grade ELow opportunity
Confidence: MEDIUM
This two-bedroom terrace offers a light-updating project, with older finishes across the living spaces and a previous rear extension, plus a useful loft room with Velux and ladder access. There is scope to refresh the interiors and improve the weathered covered patio, while the front exterior appears generally intact.
The price is the main constraint: at £390 per sq ft, the £275,000 asking price is above the local £345 average. Adding the £8,000–£18,000 refurbishment range leaves the purchase and works cost stretched against the local benchmark for this floor area; that comparison is not a forecast of post-works value. Town-centre and mainline-station proximity are useful fundamentals, but the overall numbers make this a low-opportunity project at the current asking price.
Key opportunities
- Refresh the dated interior finishes and worn-looking flooring across the visible living spaces.
- Clear the moss or algae from the covered rear patio and improve its weathered paving and timber screening.
- Make use of the previous rear extension and loft room with Velux window and ladder access.
Key risks
- At the asking price, adding the stated refurbishment range puts purchase and works costs above the local benchmark for a home of this floor area, limiting the apparent value opportunity.
- Total commitment could reach about £288,000 all-in — £13,000 of works on top of the asking price, about 15% ahead of typical local benchmarks for this size — current-condition benchmarks only, not after-works GDV.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,039
Based on a loan of £206,250 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.
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