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See how verdicts work2-bedroom flat · RG14 7FY
Sold STCListed 198 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A superbly presented and recently redecorated two double bedroom top floor apartment with the huge added bonus of undercroft parking.
With views across Newbury and surrounding countryside from the sixth floor balcony, the accommodation includes communal entrance with security entry/video phone, stairs and lift to sixth floor, L-shaped personal hallway, very smart dual aspect kitchen/living room with access to the balcony, master bedroom with en-suite shower room, built in wardrobes and door to the balcony, second double bedroom with built in wardrobes and further bathroom.
There is private gated access to the Racecourse for residents.
LOCATION This enviable location is next to Nuffield Health Gym and the train station at the racecourse with the town centre and main train station also within walking distance.
The pretty market town of Newbury offers a wide range of shopping facilities including a twice weekly local market, pedestrianised high street with local and national retail stores and major grocery outlets.
There is a variety of cafes, restaurants and bars, a multi-screen cinema and the historic Corn Exchange theatre.
Accommodation - Communal front door with security entry/video phone system into a smart and spacious communal hallway with stairs and lift giving access to: Sixth Floor Landing - Personal front door into an L-shaped entrance hall with engineered oak floor, access to all rooms, two- door built-in utility cupboard with plumbing and space for washer/dryer and the district heating system.
The living room/kitchen is dual aspect and a lovely light room with full height window and patio doors to side and rear leading out onto the east facing balcony with views across Newbury, Thatcham and the surrounding countryside.
The kitchen has a smart fitted range of eye and low-level units incorporating seal stone worktops, built-in dishwasher, double oven, hob with stainless steel extractor hood, fridge/freezer, sink unit/drainer and an engineered oak floor throughout.
The balcony is accessed from both the living room and master bedroom and is approximately 26ft long with a patio base and glass balustrade.
Bedroom one has patio doors leading out to the balcony, two door built-in mirror fronted wardrobe and door to a stylish en-suite shower room with chrome heated ladder towel rail, wall-mounted wash hand basin, low-level WC and large walk-in shower cubicle.
Bedroom two, again double in size, has a two door built-in wardrobe and window overlooking the balcony.
Smart bathroom suite comprising chrome heated ladder towel rail, low-level WC, wall-mounted wash hand basin and panelled bath with separate shower unit over.
Outside - Parking - Parking for the property is in the undercroft car park via electric gated access and provides parking for one car.
There are further visitors spaces dotted around the development on a first come first served basis.
Communal Gardens - The residents have access to the racecourse via communal locked gates ideal for walks and exercise.
Lease 125 years from 2017 Ground Rent: £285 per annum Service Charge: £2652 per annum
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
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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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FAQ
About Southmead House, Kingman Way, Newbury RG14 7FY
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