2-bedroom flat · RG14 7WH
Sold STCListed 270 days
Opportunity summary
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About
** Virtual tour available ** A well-presented two-bedroom GROUND FLOOR apartment with French doors leading to a PRIVATE PATIO and communal gardens, offered with an extended 990-year lease and conveniently situated within walking distance of the town centre and racecourse.
DESCRIPTION Nestled within a peaceful residential setting, this impressive two-bedroom ground-floor apartment offers a superb lifestyle opportunity for those seeking modern comfort with excellent outdoor access.
A standout feature of the property is its private patio area, which leads directly onto beautifully maintained communal gardens.
This seamless indoor-outdoor flow is a significant advantage, creating a sense of space and tranquillity rarely found in apartment living.
Inside, the recently decorated accommodation is centred around a bright and spacious living/dining room, ideal for both relaxing and entertaining.
The modern fitted kitchen is stylish yet practical, complete with a convenient breakfast bar for casual dining.
The property features a generous master bedroom alongside a well-proportioned second double bedroom, offering flexibility for guests, home working, or additional storage.
These are served by a contemporary family bathroom fitted with a shower over the bath.
Efficiency and longevity are key strengths of this home, which has been updated with new storage heaters throughout and is offered with the added security of a new 990-year lease.
Further benefits include a secure entry system for peace of mind.
Ideal for first-time buyers or those looking to downsize, this move-in-ready home strikes a perfect balance between comfort, security, style, and valuable garden access.
OUTSIDE The property benefits from well-maintained communal gardens, along with direct access to a private patio, which is accessed via French doors from the living/dining room.
In addition, there is designated private parking for one vehicle, as well as additional visitor parking.
SERVICES AND MATERIAL INFORMATION The property is connected to electricity and water, with drainage provided by a septic tank, and operates on electric heating.
Council Tax Band: C Energy Efficiency Rating: C What3words: proven.tells.reply Leasehold Information The vendor is currently in the process of extending the lease to 990 years.
Annual Ground Rent: £0 Ground Rent Review Period: N/A Annual Service Charge: £2,071.80 Service Charge Review Period: Annual As well as being home to Newbury Racecourse, the town itself offers a comprehensive range of shopping, leisure and educational facilities, as well as the award-winning Victoria Park which has excellent visitor facilities, and much historical interest nearby, at Donnington Castle and Highclere Castle (of Downton Abbey fame).
There are plenty of stunning walking and cycling trails, including the tow path along the Kennet & Avon Canal which passes directly through the town centre.
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.
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About Cormorant Wood, Newbury, RG14
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