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See how verdicts workHouse · RG14 1AS
Listing removedListed 139 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situation Located in the affluent and attractive market town of Newbury in the County of Berkshire. Newbury is the main commercial centre for West Berkshire.
The local economy is inter-related to the M4 corridor which has numerous industrial, logistical, research and office business parks including the headquarters of Vodaphone.
It has a resident population of approx 40,000 with a retail catchment of approx 115,000 and is rated within the top 10 most affluent towns on the Promis PMA indicator.
The town benefits from excellent road and rail communications and is served by the A34/ A339 which provides access to neighbouring towns of Oxford, Reading and Basingstoke.
Newbury mainline Railway Station is on the Paddington / Penzance line. Description 21 - 23 The Broadway is arranged over ground, first and part second floor.
The building constructed of brick with a pitched tiled roof.
The ground floor comprises modern ground floor retail unit with the upper floors converted to residential accommodation To the rear of the building there are 4 parking spaces with a further 7 parking spaces located within the Oxford Square private car park The Residential Upper Parts are sold off on long leases of 125 years from 1/1/2013 with ground rents payable of £200 per annum each The ground floor is let to Roderick Anthony Limited for a term of 10 years from the 1st April 2024.
The rent currently payable is £24,000 per annum exclusive but this rises to £25,000 in April 2027 with a rent review in 2029. The tenant has been in occupation since 2013.
5 Parking spaces are rented out to local companies producing £5,100 per annum exclusive. The total income is currently £29,700 per annum exclusive rising to £30,700 per annum exclusive in April 2027.
Proposal We are seeking offers in excess of £275,000, which reflects a Net Initial Yield of 10.3% rising to 10.68% in April 2027.
The property is owned in a Special Purpose Vehicle (SPV) which can be purchased saving stamp duty making the initial net return in the region of 10.7%.
VAT is applicable Viewing Contact Shane Prater on or Email Service Charge A service charge is payable for the property to include the car park.
The current service charge for the estate is £3,406.38 plus £2,211 for the car parking. These costs are paid by the tenants.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Oxford Court, 21-23 The Broadway, Newbury, West Berkshire, RG14 1AS
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