From
£2,250,000
14 bed flat for saleMilkingpen Lane, Old Basing, Basingstoke RG24
14 beds
Pilgrims Sales & Lettings
.png){kind=logo}
About this property
Purpose-Built Development Completed In 2023
Seven Well-Appointed Two-Bedroom Apartments
Allocated Parking For Residents
Fully Tenanted With Professional Occupants
Strong Rental Demand In a Desirable Village Location
Gross Annual Income Of £130,000
Freehold Investment Opportunity – Redpender Place, Old Basing, RG24 7DL - £2.25 Million
An exceptional opportunity to acquire a modern, income-producing residential investment in the sought-after village of Old Basing. Completed in 2023, Redpender Place comprises a boutique development of seven high-quality two-bedroom apartments, each finished to a strong contemporary standard and benefitting from allocated parking.
The development is fully let, with all units occupied by professional individuals and couples, reflecting the scheme’s strong appeal within the local rental market. The property currently generates a robust gross annual income of £130,000, offering immediate and stable returns for investors.
Redpender Place presents a turnkey investment with no void risk, modern construction, and minimal ongoing maintenance requirements -ideal for investors seeking a secure and well-performing asset.
For further information or to arrange a discussion, please contact the managing agent, James Griffin.
Zoopla tools
Stamp duty calculator
Our instant calculator helps you understand how much stamp duty is due on property purchases in England & Northern Ireland. Read the latest stamp duty news
This calculation is intended as a guide only. We are unable to provide financial advice, so it's important to consult with an adviser. It applies to UK residents purchasing residential properties in England and Northern Ireland, but does not apply if the purchase is made through a company.
Zoopla insights
Sign in and gain expert analysis to make informed decisions.