Newbury, RG14 2DB | Investment Property for Sale | VES-RG14-001

Opportunity to purchase an apartment in Newbury generating £12,600 rent pa & gross yield of 4.9%

£255,000

Apartment

VES-RG14-001

INITIAL INVESTMENT

£76,650

Based on

deposit: £63,750

stamp duty: £10,400

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£12,600

GROSS YIELD

4.9%

ADD TO FAVOURITES

Long-term tenant

Tenants that stay for long periods feel they have a stake in the property and are more likely to treat it as though it was theirs.

Benefits include:

  • Steady income
  • Minimised wear and tear
  • Fewer void periods

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£350

SERVICE CHARGE

£1,200

2 bedrooms

2 bathrooms

1 reception room

739

Unfurnished

Leasehold information

  • Length of lease: 999 years
  • Year lease started: 2016
  • Service charge: £80-£100 pcm
  • Years left on lease: 993 years (from 2022)
  • Ground rent review period: tbc
  • Service charge review period: tbc

Property information

  • Located on the first floor
  • Open plan living room/kitchen
  • One bedroom comes with an ensuite shower room
  • There is also a family bathroom
  • Living room and bedrooms have an exposed brick feature wall
  • The apartment has underfloor heating
  • Extra storage space in the hallway
  • Comes with 1 allocated parking space
  • Visitor parking is available
  • EPC rating C
  • Council tax band C
  • Monthly rental income £1,050; vendor believes it is possible to achieve £1,150 pcm
  • Tenants have been in situ since October 2019 and are looking to extend their tenancy for another 12 months

Location information

  • The property is just over a half-mile from Newbury town centre
  • Newbury railway station is just under 1 mile from the property
  • Easy access to the A339 and M4

Note

Please note that Vesta has not visited this property and that the vendor has provided all material.

Tenancy

RENT

£12,600 p.a. / £1,050 pcm

TENANCY DEPOSIT

£1,050

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

17 months ago

TENANCY AGREEMENT ENDS

Periodic

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Newbury, Berskshire

Newbury is a market town in Berkshire, south-east England. It lies around 25 miles south of Oxford, 25 miles north of Winchester, 27 miles south-east of Swindon and 20 miles west of Reading.

The town is very well connected via the national road network. The A339 runs through Newbury connecting it to the M4 motorway in the north and to Basingstoke and the M3 in the south-east. The A34 runs just west of Newbury and connects it to Winchester and Salford.

Newbury has two railway stations, Newbury and Newbury Racecourse, and both are on the Reading to Plymouth line. Train services are operated by Great Western Railway who run a semi-fast service between London Paddington and Bedwyn, as well as a local service to and from Reading calling at all stations. Other services run to Bristol Temple Meads, Exeter St Davids, Frome, Paignton, Plymouth and Penzance.

Some of the local attractions in Newbury include the West Berkshire Museum, Donnington Castle, the Corn Exchange (a theatre and cinema), Kennet and Avon Canal and the Newbury Racecourse. A little further afield there is Highclere Castle, Bucklebury Farm Park, Combe Gibbet, The Nature Discovery Centre and Beacon Hill Iron Age Hill Fort, to name a few.

For outdoor lovers there are the North Wessex Downs and Chiltern Hills which offer plenty of choice for a fantastic day out in beautiful countryside.

The town centre offers an incredible choice for shopping from traditional shops to independent retailers and well-known brands and high street favourites. There is a bi-weekly charter market with traders offering fresh and local produce, a monthly farmers market as well as regular artisan and vegan markets.

Education in Newbury is provided by three main secondary schools, Newbury College and Mary Hare School. There are another seven schools in the surrounding areas including boarding schools and an international high school.

Newbury’s economy is connected to the eastern M4 travel corridor with the majority of businesses in the industrial, logistics and research sectors clustered near Newbury, Reading and Slough and a number of smaller industrial estates. One of the largest employers is Vodafone who has made Newbury its home for the UK headquarter. Other companies also have their UK headquarters in town such as National Instruments, Micro Focus, Stryker Corporation, Grass Valley, Cognito, EValue and Newbury Building Society.

Kelvin Road,

Newbury,

West Berkshire,

England,

RG14 2DB

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All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

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