2-bedroom flat · RG14 7FY
For saleListed 39 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A superbly presented two double bedroom top floor corner apartment with the huge added bonus of undercroft parking and west facing balcony.
With views towards the finish line and the grandstands from the decent sized balcony together with across Newbury and surrounding countryside including Donnington Castle from the sixth floor.
The accommodation includes communal entrance with security entry/video phone, stairs and lift to sixth floor, L-shaped personal hallway, very smart dual aspect kitchen/living/dining room with access to the west facing balcony, master bedroom with en-suite shower room, built in wardrobes and door to the balcony, second double bedroom with built in wardrobes and further bathroom.
There is private gated access to the Racecourse for residents.
SERVICE CHARGE AND LEASE DETAILS Lease has 116 years remaining Service Charge: £2700 per annum Ground Rent: £285 per annum LOCATION This enviable location is next to Nuffield Health Gym and the train station at the racecourse with the town centre and main train station also within walking distance.
The pretty market town of Newbury offers a wide range of shopping facilities including a twice weekly local market, pedestrianised high street with local and national retail stores and major grocery outlets.
There is a variety of cafes, restaurants and bars, a multi-screen cinema and the historic Corn Exchange theatre.
There is a major rail station with direct links to London Paddington, the City of London and the West Country, and excellent access to the M4/A34 junction.
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 Southmead House, Kingman Way, Newbury, RG14 7FY
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