2-bedroom flat · RG14 7LN
For saleListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautifully presented modernised two bedroom duplex apartment set within a former rectory that has been tastefully converted to retain many character features and is conveniently located near the centre of Newbury, just a stone’s throw from the railway station.
Ilchester Court is ideal for a variety of buyers including people hoping to get on the property ladder, commuters, anyone hoping to downsize or as a second property.
Benefits include owning a share of the freehold, character features throughout, allocated parking, uPVC double glazing and gas central heating.
The apartment is arranged over two floors with the entrance on the first floor of the old rectory; the accommodation comprises entrance hall, kitchen, sitting room, dual aspect double bedroom and modern bathroom; whilst upstairs there is another double bedroom with a cloakroom that has the potential to be converted into an ensuite shower room.
Externally, the property has an allocated parking space and ample visitor parking in the private car park as well as beautifully kept communal gardens that surround the property.
Ilchester Court is ideally located within walking distance of Newbury town centre whilst the mainline railway station situated at the end of the road offers regular direct links to London, Paddington taking less than an hour.
It also falls within the catchment area of the highly regarded St John’s, St Nic’s and St Bart’s schools.
*no onward chain* There is an annual service charge of £1554.68 which is payable quarterly in instalments of £388.67.
This covers building insurance, upkeep of the communal gardens, building maintenance and parking.
The freehold is owned by the residents of Ilchester Court and the property is currently managed by Quinton's.
Value & comps
No previous sales on record.
Returns
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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 Link Road, Newbury
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