Immediate rental income with long lease and share of freehold.
West-facing balcony with rooftop views
A second-floor one-bedroom apartment in central Newbury, offered with a tenant in situ until January 2026. The open-plan living/kitchen opens to a west-facing balcony and delivers rooftop views across the town — practical appeal for an investor seeking immediate income. The property sits on a long 999-year lease (from 2016) and is sold as a share of freehold, providing long-term tenure security.
Internally the flat is well-proportioned: a generous double bedroom, bathroom with shower-over-bath, and a bright south/west facing living space with integrated kitchen appliances. Insulation to current standards and electric heating keep running costs straightforward, though heating is via room heaters rather than a central system.
Income potential is immediate: current tenancy produces £875pcm. Service charge (£1,240pa) and ground rent (£200pa) are modest, but factor these into net yield calculations. There is no allocated parking and on-street parking is the only option.
Location benefits include excellent mobile signal, superfast broadband, and a town-centre position close to shops, cafés and transport links. Notable negatives: the local crime level is high and the heating is electric, which may deter some tenants. The flat is sold chain free, with a long lease and established tenancy for a straightforward investment purchase.
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