We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · RG14 7WB
Sold STCListed 103 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** No Onward Chain ** 50% shared ownership ** A delightful two bedroom TOP FLOOR apartment being sold with a NEW 990 YEAR LEASE on completion DESCRIPTION Benefitting from a recently extended lease, this well-presented apartment offers a turnkey opportunity for its next owner.
Finished in a tasteful neutral palette throughout, the property features a contemporary fitted kitchen and a stylishly updated bathroom, both completed to a high standard with modern fixtures and quality craftsmanship.
The generous living room provides a bright and versatile space, offering plenty of flexibility for a range of furniture layouts.
Both bedrooms are well-proportioned, with the principal bedroom comfortably accommodating a king-size bed, while the second bedroom offers ample space for a double bed alongside additional furnishings.
The principal bedroom enjoys the character of a bay window, with the second benefiting from a rooflight that fills the room with natural light.
OUTSIDE 57 Lamtarra Way benefits from allocated parking as well as a well maintained communal garden backing onto the woodland.
SERVICES AND MATERIAL INFORMATION All mains services are connected except gas and heating is provided via modern, digitally controlled electric panel heaters, complemented by an upgraded hot water cylinder to maximise efficiency.
These improvements contribute to the property's impressive EPC rating of C, helping to keep running costs economical.
Council tax band: C Length of lease (years remaining): 79 years from date of listing 50% shared ownership monthly rent: £485.03 Annual ground rent amount: N/A Ground rent review period: N/A Annual service charge amount: £73.80 Service charge review period: Annual Maintenance for private/unadopted road: £18.33 per month The property is located close to Newbury Racecourse and the town centre with beautiful woodland walks nearby.
As well as being home to Newbury Racecourse, the town itself offers a comprehensive range of shopping, leisure and educational facilities.
Newbury is the headquarters of Vodafone UK and offers a railway station on the direct line to London Paddington (fast train to Paddington has an approx. travel time of 41 minutes).
There are also excellent road links via the A34 and M4 motorway, a convenient commute for those working in Reading, Oxford and Southampton.
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
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FAQ
About Lamtarra Way, Newbury, Berkshire, RG14
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