£190,000
Studio for sale6 Andover Road, Newbury RG14
1 bath
1 reception
Just added
Auction
Freehold
About this property
2 studio apartments with efficient layout
Tenants in situ – immediate rental income
Approx. 7% yield
Popular residential location
Close to town centre and transport links
Ideal for investors
Book now to avoid disappointment
Investment Opportunity –Two Studio Apartments on Andover Road, Newbury, Berkshire
A fantastic opportunity to acquire two well-presented studio apartments situated on the highly sought-after Andover Road in Newbury. This property is being offered with a tenant in situ, making it an ideal turnkey investment currently generating an attractive yield of approximately 7%.
The apartments are thoughtfully laid out to maximise space and functionality, featuring a bright open-plan living/sleeping area, a fitted kitchen, and a modern bathroom. The properties are well-maintained and benefit from consistent rental demand, ensuring reliable ongoing income for investors.
Tenants in Situ both paying around £600pcm
Being Sold by goto Online Auction
Starting Bids from £190,000
Buy It Now option available
This property is offered for sale via the Online Modern Method of Auction, a flexible and buyer-friendly way to purchase. Buyers have 56 working days to exchange and complete from receipt of the draft contract, or 10 working days after payment of the Buyer’s Premium, whichever is earlier. This timescale allows buyers to proceed with traditional residential finance.
If the auction is successful, or the vendor accepts an offer during the auction, the buyer will be required to pay a non-refundable Buyer’s Premium, securing the property and removing it from the market. Buyers must agree to the auction terms and conditions before solicitors are instructed. Full details are available on the goto Auctions website or via Purplebricks.
Please note the property is subject to an undisclosed Reserve Price, typically no more than 10% above the Starting Bid. Prices are subject to change.
To book A viewing - You can use the brochure link in the full property description in the Rightmove advert or speak to an expert - whatever you need, we're available. Reach us from 9am - 6pm between Monday and Friday, and from 9am - 5pm on a Saturday.
General Information
A Buyer’s Premium of 3.6% of the purchase price plus VAT applies (minimum £6,600 plus VAT), along with a Legal Pack fee of £396 including VAT. These fees are payable in addition to the purchase price and may be considered for Stamp Duty Land Tax calculations. Buyers should seek advice from their legal representative.
General Information – Auctioneer’s Comments
The Modern Method of Auction does not require exchange on the fall of the hammer. Instead, buyers are given time to complete the transaction, allowing for mortgage arrangements. The Buyer’s Premium secures the property during the Reservation Period. All terms, conditions and the Reservation Form are available within the Legal Pack.
Material Information
Information provided by the vendor, agent and goto Group may not be fully verified. Buyers should refer to the Legal Pack, available once registered, and carry out their own due diligence before proceeding.
Location
Location Highlights:
Andover Road is a residential area on the southern side of Newbury, offering excellent connectivity and local amenities. The property is within easy reach of Newbury town centre, which provides a wide range of shops, restaurants, and leisure facilities. Newbury railway station offers direct links to London Paddington, making it a convenient location for commuters.
The area also benefits from close proximity to major road networks, including the A34 and M4, providing excellent transport links across the region. Nearby green spaces and countryside walks add to the appeal, making this a desirable location for tenants.
Property Ownership Information
Tenure
Freehold
Council Tax Band
A
Property Description Disclaimer
This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as "draft". Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.
Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.
A fantastic opportunity to acquire two well-presented studio apartments situated on the highly sought-after Andover Road in Newbury. This property is being offered with a tenant in situ, making it an ideal turnkey investment currently generating an attractive yield of approximately 7%.
The apartments are thoughtfully laid out to maximise space and functionality, featuring a bright open-plan living/sleeping area, a fitted kitchen, and a modern bathroom. The properties are well-maintained and benefit from consistent rental demand, ensuring reliable ongoing income for investors.
Tenants in Situ both paying around £600pcm
Being Sold by goto Online Auction
Starting Bids from £190,000
Buy It Now option available
This property is offered for sale via the Online Modern Method of Auction, a flexible and buyer-friendly way to purchase. Buyers have 56 working days to exchange and complete from receipt of the draft contract, or 10 working days after payment of the Buyer’s Premium, whichever is earlier. This timescale allows buyers to proceed with traditional residential finance.
If the auction is successful, or the vendor accepts an offer during the auction, the buyer will be required to pay a non-refundable Buyer’s Premium, securing the property and removing it from the market. Buyers must agree to the auction terms and conditions before solicitors are instructed. Full details are available on the goto Auctions website or via Purplebricks.
Please note the property is subject to an undisclosed Reserve Price, typically no more than 10% above the Starting Bid. Prices are subject to change.
To book A viewing - You can use the brochure link in the full property description in the Rightmove advert or speak to an expert - whatever you need, we're available. Reach us from 9am - 6pm between Monday and Friday, and from 9am - 5pm on a Saturday.
General Information
A Buyer’s Premium of 3.6% of the purchase price plus VAT applies (minimum £6,600 plus VAT), along with a Legal Pack fee of £396 including VAT. These fees are payable in addition to the purchase price and may be considered for Stamp Duty Land Tax calculations. Buyers should seek advice from their legal representative.
General Information – Auctioneer’s Comments
The Modern Method of Auction does not require exchange on the fall of the hammer. Instead, buyers are given time to complete the transaction, allowing for mortgage arrangements. The Buyer’s Premium secures the property during the Reservation Period. All terms, conditions and the Reservation Form are available within the Legal Pack.
Material Information
Information provided by the vendor, agent and goto Group may not be fully verified. Buyers should refer to the Legal Pack, available once registered, and carry out their own due diligence before proceeding.
Location
Location Highlights:
Andover Road is a residential area on the southern side of Newbury, offering excellent connectivity and local amenities. The property is within easy reach of Newbury town centre, which provides a wide range of shops, restaurants, and leisure facilities. Newbury railway station offers direct links to London Paddington, making it a convenient location for commuters.
The area also benefits from close proximity to major road networks, including the A34 and M4, providing excellent transport links across the region. Nearby green spaces and countryside walks add to the appeal, making this a desirable location for tenants.
Property Ownership Information
Tenure
Freehold
Council Tax Band
A
Property Description Disclaimer
This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as "draft". Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.
Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.
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