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Newbury, Gillingham

South West

£165,000
Listed on 06/10/2025

Property Details

Bedrooms
2
Type
Flat
Area
740 sqft

Description

This two-bedroom ground floor apartment presents a substantial renovation opportunity for buyers interested in customizing their living space to reflect personal tastes and preferences. Located within a short walking distance of the mainline train station, the property enjoys convenient access to local shops and amenities, making it an attractive option for both homeowners and investors. The apartment features a spacious sitting/dining area that benefits from abundant natural light, with patio doors leading directly to a communal outdoor space—perfect for leisure activities or morning coffee. The kitchen, while functional, offers room for updates and enhancements with its ample storage and counter space. Both bedrooms are generously sized; the principal bedroom includes an en-suite bathroom, adding convenience to the layout. A separate family bathroom is available for the second bedroom and guests. Additional highlights include allocated parking and direct access to well-maintained communal gardens, providing a serene environment without the burden of excessive upkeep. Given its location and potential for modernization, this property could serve not only as a comfortable home but also as an investment opportunity in the rental market. It appeals to various buyers—from first-time homeowners looking to create their ideal living situation to those seeking a tranquil retreat or downsizing from larger properties. With its promising features and desirable setting, this apartment warrants a viewing to fully appreciate its possibilities.

Investment Analysis

(SP8 area)

Below Market Value

This property is priced -28.7% below area average per sq ft

-28.7%
Potential saving
This Property
£223/sq ft
Area Average
£313/sq ft

Renovation Potential

Est. Renovation Cost
£16,500 - £41,250
10-25% of property value
Target Value
£254,619
10% above area average per sq ft
Potential ROI
+23.5%
After renovation
Monthly Sales
13
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (SP8)

Area prices are falling by +4.4% over the last 12 months
3 year growth: -3.1%
5 year growth: 6.4%
Investment Disclaimer: Analysis based on SP8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Newbury, Gillingham
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