Basingstoke Buy-to-Let Guide

The Basingstoke Market Rent Summary on Home.co.uk states the average rental price in the area is £1,565 PCM.

But this varies depending on the Buy to let property type, such as a buy-to-let flat or house. According to those statistics, the average rent for a flat is £1,343 PCM. In contrast, the average price for a home is £1,726 PCM.

The average UK rental cost is £1,268 PCM, according to the Homelet Rental Index. The same index shows that the average rent in the South East is £1,350, making Basingstoke rents more expensive than the region and the rest of the UK.

While there are some universities in Basingstoke’s region, such as the University of Reading, it is not considered a town with good potential for student letting.

Basingstoke’s suburbs include:

• Buckskin
• Oakridge
• Brighton Hill
• South View
• Popley
• Houndmills
• Winklebury

The suburbs include properties built from the 1950s onwards. Many Basingstoke suburbs are made from housing estates with local amenities, social housing opportunities for tenants and private housing estates. This offers a great opportunity for Property Investors from all over the world.

The suburbs offer good access to the town centre and green spaces in the Hampshire countryside. Buyers can find good value properties within these areas and expensive semi-detached and detached homes.

Areas further out include:

• Chineham
• Hatch
• Hatch Warren
• Old Basing
• Bramley
• Kempshott
• Sherborne St. John
• Oakley
• East Oakley

Many of these places started as small villages but have become part of the Basingstoke urban areas over the years. However, they still offer a village atmosphere, making them popular with buyers and tenants. These districts provide good access to the beautiful Hampshire countryside and North Downs. Properties in this part of Basingstoke are more expensive than average.

Average Property Price in Basingstoke Suburbs and Wider Area

Buyers can expect the following average property investments prices depending on the postcode:

• RG22: £346,568
• RG23: £429,248
• RG24: £365,804
• RG25: £563,908
• RG26: £426,255

Average Rental Yield in Basingstoke Suburbs and Wider Area

Investors can expect the following average rental yields depending on the postcode:

• RG22: 3.87%
• RG23: 3.38%
• RG24: 3.67%
• RG25: 3.51%
• RG26: 3.46%

(Average property prices were taken from Rightmove in late 2023, and gross rental yield estimates were calculated with figures from housesforsaletorent.co.uk in late 2023)

Demand is high for rental properties across the UK, meaning there is more emphasis on new build developments to meet the need for new housing. This has been taken on by both the local council and private developers in Basingstoke.

However, Basingstoke Council have stated that they want to slow down new home building, unlike many other regions.

Private developments in Basingstoke seem to mainly consist of houses rather than apartment buildings, as many developers will choose major cities for their build-to-rent developments where there is high demand from young professionals.

While there is definite demand for new builds in Basingstoke from property investors, it may be the case that there are more opportunities for new build investment elsewhere.

As we have already established, Basingstoke’s average property price is considerably more expensive than the national average. In addition, rental yields rarely exceed 4% – though you may find properties that are an exception to the norm.

If you want to earn a substantial ROI, Basingstoke may not be your best bet. Instead, consider focusing on areas further north to see better yields on your property portfolio.

According to Savills, the North West has a capital growth prediction of 29.4% by 2029 – much higher than the UK average. Investment opportunities in major North West cities, such as investment properties in Manchester, are increasingly popular.

Investors can find cheap property for sale in Liverpool. The city offers some of the best-value properties on the market, boasting an average property price of £179,129 – more than £100,000 less than the national average. In addition, Liverpool’s yields are roughly double that of Basingstoke, with some postcodes earning gross yields of over 7%. This makes it an attractive area for a buy-to-let house or flat.