2-bedroom flat · RG14 5HL
Sold STCListed 238 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** Virtual tour available ** A fantastic opportunity to purchase a TWO DOUBLE BEDROOM, two-bathroom retirement apartment located on the edge of the town centre with beautiful RIVER VIEWS.
The property benefits from an on-site residents' manager, parking and no onward chain.
DESCRIPTION Situated on the edge of the town centre in the highly desirable riverside location of West Mills is this incredibly spacious retirement apartment with beautiful river views.
This is the largest design available in the block with over 870sq ft of accommodation comprising a spacious hallway with access to the shower room and the boiler cupboard, a large living/dining room with a bay window overlooking the river and access to a fitted kitchen with plenty of space for kitchen appliances.
There are two double bedrooms, both with built-in wardrobes and an en-suite bathroom to the main bedroom.
Further benefits are the communal residents’ facilities including parking, lounge and gardens, an on-site residents’ manager, lift access, and no onward chain.
OUTSIDE Outside there is well kept communal residents’ gardens and residents’ parking with a few visitor spaces.
SERVICES AND MATERIAL INFORMATION Council tax band: C Energy efficiency rating: C Leasehold Information Length of lease (years remaining): 97 Annual ground rent amount: £649.32 Ground rent review period: Annual Annual service charge amount: £5,650 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
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 West Mills, Newbury, Berkshire, RG14
Explore nearby