2-bedroom flat · RG14 5AR
Sold STCListed 264 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** Virtual tour available ** An incredibly spacious GROUND FLOOR, two DOUBLE bedroom apartment situated just a 5-minute walk away from Newbury TOWN CENTRE.
DESCRIPTION Upon entering, this ground-floor apartment is approached via a communal door shared by this property and one other in the block.
The apartment itself benefits from a modern open-plan layout featuring a large and well-equipped kitchen with plenty of worktop space as well as integrated appliances, a large dining space, and a generous living room.
The room is incredibly bright throughout with dual aspect windows. There are two double bedrooms, the master benefitting from a modern en-suite shower room.
There is also a large family bathroom which features a full-length bath with an overhead shower. A handy utility cupboard (not standard within the block) completes the internal accommodation.
OUTSIDE There is allocated parking for two vehicles next to the apartment, as well as a small garden area. SERVICES AND MATERIAL INFORMATION All mains services available including gas.
Council tax band: C Energy efficiency rating: B What3words: ridge.cases.incomes Leasehold Information Length of lease (years remaining): 117 years from date of listing Annual ground rent amount: £200 Ground rent review period: TBC Annual service charge amount: £1,700 Service charge review period: TBC Heathfield House is ideally located just a short walk to Newbury town centre, railway station, and just a stone’s throw from a supermarket.
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.
Area
Agent & docs
FAQ
About Carpenters Close, Newbury, Berkshire, RG14
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