15, Green Lane, Newbury, Berkshire, RG14 5NU

Description

Long leasehold ground floor self-contained flat requiring modernisation. Full vacant possession. By order of a Major Housing Association.

Accommodation

Ground floor: one bedroom, reception room, kitchen, bathroom/WC and hallway. Gross Internal Area GIA: approximately 46 sq m (498 sq ft).

Location

The property is situated on Green Lane between its junctions with Craven Road and St George’s Avenue. Public transport links include Newbury Mainline Railway Station and local bus services. Road links include the A34 and the M4 Motorway (Junction 13). Shopping amenities are available locally within Newbury Town Centre, with further shops, bars and restaurants in Park Way Shopping Centre and Reading Town Centre. Recreational facilities include Victoria Park, Northcroft Leisure Centre Grounds and the Kennet & Avon Canal.

Tenure / Property Information

Investment Analysis

The property is a vacant, long leasehold one-bedroom flat of approximately 498 sq ft requiring modernisation. No HM Land Registry completed-sale comparables or formal valuation evidence has been supplied, so GDV, market value and a supported maximum bid cannot be established. The £36,000 guide is not a valuation. One Rightmove listing indicates an advertised asking rent of £1,200 pcm, but this is not an achieved rent and provides limited rental evidence. Service charge, ground rent, parking, heating and any seller completion fees remain unconfirmed.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, lease and title review, confirmation of all service-charge and ground-rent liabilities, and independent rental and market-value evidence. Do not rely on the headline 40% guide-price yield when setting a bid.

Works Required

Modernise the existing one-bedroom flat, including the kitchen, bathroom/WC and general presentation as required following inspection. The evidence does not support a more detailed scope or cost allowance.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed because no supported GDV, refurbishment budget or full project cost is available. The long lease is potentially favourable in term length, but service charge, ground rent and review provisions require confirmation. Refinance proceeds cannot be calculated without a supported GDV.

Buy-to-Let Analysis

Using the single advertised asking rent of £1,200 pcm, annual rent is £14,400 and the indicative gross yield on the £36,000 guide is 40%. This is not a reliable achieved-rent or net-yield assessment. Service charge, ground rent, refurbishment cost, finance, voids, management, maintenance and seller fees are unknown, so a robust BTL return cannot be established.

Flip Analysis

A flip analysis cannot be quantified because no completed-sale comparables, GDV, refurbishment cost or supported selling-cost allowance has been supplied. The property is described as requiring modernisation, so the resale outcome depends materially on inspection and scope.

Investor Risks & Due Diligence

• No completed-sale comparables or formal valuation evidence supplied.

• The £1,200 pcm figure is an advertised asking rent from a single listing, not an achieved rent.

• The flat requires modernisation, but no refurbishment budget or detailed condition report is supplied.

• Annual service charge, ground rent, review period and increases are unknown.

• The seller may charge additional completion fees under the special conditions.

• Parking and heating arrangements are unconfirmed.

• The listing refers to a new 990-year lease from 30 July 2026 but also states 989 years remaining at auction, requiring confirmation of the precise lease position.

Recommendation

Proceed only subject to inspection, lease and title review, confirmation of all service-charge and ground-rent liabilities, and independent rental and market-value evidence. Do not rely on the headline 40% guide-price yield when setting a bid.

Strategy Rating

Analysis Confidence

Basic property, tenure, occupancy, guide and one advertised rent are supplied, but there are no completed-sale comparables, refurbishment costs, GDV, service-charge or ground-rent figures, full fee details, or achieved rental evidence.