Flat 5, Kimbers Close, NEWBURY, Berkshire, RG14 5JF

Description

Long leasehold first floor purpose built self-contained flat requiring modernisation. Accommodation: First floor: One bedroom, reception room/dining area, kitchen, bathroom/WC, cupboard Outside: Communal garden Gross Internal Area GIA: Approximately 50 sq m (537 sq ft)

Location

The property is situated within Kimbers Close which is located off West Mills via Kennet Road. Public transport links include Newbury Mainline Railway Station together with a network of local bus services serving the surrounding vicinity. Road links include the A339 and A4. Shopping amenities can be found locally within Newbury Town Centre, with an extensive range of shops, bars and restaurants being found in Newbury town centre and Parkway Shopping Centre. Recreational pursuits can be found locally at the open spaces of Victoria Park, Goldwell Park and the Kennet & Avon Canal towpath.

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £15,000–£25,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Confirm lease length, ground rent, service charge and major works

Recommendation

Preferred strategy: Refurbishment & Resale. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Flip: ★★★★☆

BRRR: ★★★☆☆

Buy-to-Let: ★★★☆☆