Studio flat · RG14 1DJ
Listing removedListed 82 daysAuction 12 Aug · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price = £90,000+ **For Sale By Public Auction 12th August 2026 10:00 am.
To inspect the legal documents for this property go to our website to download the legal pack** Vacant First and Second Floor Ancillary Space.
There is Lapsed Plannning permission for the Property to be Converted into 4 Flats. Tenure Leasehold.
The property is held on a 999 year lease from 25th March 2026 (thus approximately 979 years unexpired ). Peppercorn ground rent.
Location The property is situated on a mixed use road close to local shops and amenities. Nearby multiples include McDonald's, Vodafone and Specsavers.
The open spaces of Victoria Park are within easy reach. Transport links are provided by Newbury rail station.
Description The property comprises a mid terrace building arranged to provide a ground floor retail unit and ancillary space on the first and second floors.
Accommodation First and Second Floors Ancillary Space Note We have been advised that the property comes with Freeholders consent to convert the property to residential (subject to planning permission being obtained).
Planning West Berkshire Council granted the following planning permission (ref: 21/00524/pacou) to create 2 x Two Bedroom Flats and 2 x One Bedroom Flats' on the 4th May 2021. Planning has now lapsed.
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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
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FAQ
About 30-31, Northbrook Street, Newbury
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