2-bedroom flat · RG14 1AP
Sold STCListed 260 days
Opportunity summary
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About
** Virtual tour available **NO ONWARD CHAIN** A delightful FIRST FLOOR apartment with LIFT ACCESS, large BALCONY and allocated PARKING situated within the heart of NEWBURY TOWN CENTRE.
DESCRIPTION This first-floor apartment offers incredibly spacious accommodation.
There is a well-maintained communal hallway, which houses the post boxes, the staircase and lift giving access to the first and second floor.
An extra storage shed and bike racks are outside of the security coded door into the block of 6 apartments.
The apartment has a generous entrance hall (with security intercom) and plenty of storage space.
The large and bright living room offers double doors opening to a spacious balcony where you can sit and enjoy the fabulous views over the communal gardens.
The kitchen offers plenty of base and wall-mounted cupboard space with built-in appliances.
There are two double bedrooms, both of which benefit from fitted wardrobes, and the largest bedroom also has an en-suite.
OUTSIDE There are impressive and expansive well-maintained communal gardens which border the River Kennet with lawns, flower beds and gravel footpaths.
There is a private parking area behind electric coded security gates and the property benefits from an allocated parking space.
There is additional parking available via permits or long-term parking, in a No-Through road to Northcroft Parks.
Nearby the apartment is Northcroft Leisure Centre with a pool and gym, and riverside/canal walks.
SERVICES AND MATERIAL INFORMATION Council tax band: D Energy efficiency rating: C Leasehold Information: Length of lease (years remaining): 103 Annual ground rent amount: £250 Annual service charge amount: £2,723 Service charge review period: Annual Bewicks Reach is in a fantastic location in the town centre of Newbury, just a stone’s throw from shops, amenities, parks and the railway station.
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
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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
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About Bewicks Reach, Newbury, Berkshire, RG14
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