2 Bed Terraced House, Single Let, Newport, PO30 5AZ, £137,500

3 Post House Cottages, 24 Holyrood Street, PO30 5AZ - 2 views - 3 years ago

Leasehold
BTL
ROI: 5%
~49 m²
+2 photos

ValuationOvervalued

Sold Prices£120K - £230K
Sold Prices/m²£1.7K/m² - £3.7K/m²

 

 

Square Metres

~48.50 m²
Price/m²£2.8K/m²

Value Estimate

£113,167

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£34,375

Stamp Duty & Legal Fees

£5,325

Total Cash In

£39,700

 

 

Cash Out

 

Rent Range

£750 - £1,250

Rent Estimate

£775

Running Costs/mo

£605

Cashflow/mo

£170

Cashflow/yr

£2,044

ROI

5%

Gross Yield

7%

Local Sold Prices

49 sold prices from £120K to £230K, average is £168K. £1.7K/m² to £3.7K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£157.5K03/210.21 mi43, Chapel Street, Newport, Isle Of Wight PO30 1PZ2
£230K06/230.21 mi76, Lugley Street, Newport, Isle Of Wight PO30 5HA2
£190K04/240.21 mi41, Chapel Street, Newport, Isle Of Wight PO30 1PZ2
£192K01/230.21 mi44, Chapel Street, Newport, Isle Of Wight PO30 1PZ2
£189K02/210.23 mi11c, Hunnyhill, Newport, Isle Of Wight PO30 5HJ2
£180K04/240.23 mi29, Hunnyhill, Newport, Isle Of Wight PO30 5HJ2
£135K02/240.24 mi18, New Street, Newport, Isle Of Wight PO30 1PU2
£149K05/240.24 mi24, New Street, Newport, Isle Of Wight PO30 1PU2
£177K11/230.24 mi19, Chapel Street, Newport, Isle Of Wight PO30 1PY2
£150K02/240.25 mi15, Hearn Street, Newport, Isle Of Wight PO30 5EH2
£150K07/230.25 mi36, Hearn Street, Newport, Isle Of Wight PO30 5EH2
£190K11/220.26 mi24, Cross Street, Newport, Isle Of Wight PO30 1PT2
£177.5K04/210.26 mi10, Hillside, Newport, Isle Of Wight PO30 2EB2
£165K01/240.26 mi22, Hillside, Newport, Isle Of Wight PO30 2EB2
£137.5K12/200.26 mi10, Vicarage Walk, Newport, Isle Of Wight PO30 5JH2
£165K04/240.27 mi6a, Cross Street, Newport, Isle Of Wight PO30 1PT2
£160K07/240.27 mi6, Cross Street, Newport, Isle Of Wight PO30 1PT2
£170K05/230.27 mi5a, Cross Street, Newport, Isle Of Wight PO30 1PT2
£160K05/240.27 mi27, Cross Street, Newport, Isle Of Wight PO30 1PT2
£159.5K09/210.28 mi8, Ash Road, Newport, Isle Of Wight PO30 2AQ2
£200K11/220.29 mi48, Ash Road, Newport, Isle Of Wight PO30 2AQ2
£195K05/210.3 mi3, Trafalgar Road, Newport, Isle Of Wight PO30 1QD2
£173.9K11/220.3 mi42, Hunnyhill, Newport, Isle Of Wight PO30 5HL2
£150K07/210.3 mi16, Trafalgar Road, Newport, Isle Of Wight PO30 1QE2
£175K06/210.31 mi15, Drill Hall Road, Newport, Isle Of Wight PO30 5AB2
£193K08/230.31 mi40, Hunnyhill, Newport, Isle Of Wight PO30 5HL2
£144K01/210.31 mi38, Hunnyhill, Newport, Isle Of Wight PO30 5HL2
£207.5K08/230.32 mi24, Sylvan Drive, Newport, Isle Of Wight PO30 5QR2
£167.5K04/240.32 mi3, Heytesbury Road, Newport, Isle Of Wight PO30 5JG2
£200K02/230.32 mi12a, Heytesbury Road, Newport, Isle Of Wight PO30 5JG2
£180K11/210.33 mi19, Redver Gardens, Newport, Isle Of Wight PO30 5JJ2
£172K07/210.33 mi8, Redver Gardens, Newport, Isle Of Wight PO30 5JJ2
£160K03/240.33 mi15, Redver Gardens, Newport, Isle Of Wight PO30 5JJ2
£120K12/210.34 mi9, Clifford Street, Newport, Isle Of Wight PO30 5AD2
£156.5K04/210.34 mi18, Clifford Street, Newport, Isle Of Wight PO30 5AD2
£185K12/230.34 mi4, Clifford Street, Newport, Isle Of Wight PO30 5AD2
£210K07/210.36 mi21, St Johns Road, Newport, Isle Of Wight PO30 1LN2
£185K05/210.36 mi18, Portland Street, Newport, Isle Of Wight PO30 1QQ2
£160K07/210.36 mi32b, Caesars Road, Newport, Isle Of Wight PO30 5EA2
£165K06/210.36 mi30, Caesars Road, Newport, Isle Of Wight PO30 5EA2
£193K07/230.36 mi60, Caesars Road, Newport, Isle Of Wight PO30 5EA2
£169K08/230.36 mi13, Pan Close, Newport, Isle Of Wight PO30 2AE2
£187K12/210.37 mi18, Cavendish Place, Newport, Isle Of Wight PO30 5AE2
£161.5K11/230.37 mi37, Caesars Road, Newport, Isle Of Wight PO30 5EB2
£159K02/210.37 mi87, Caesars Road, Newport, Isle Of Wight PO30 5EB2
£158K03/210.37 mi45, Caesars Road, Newport, Isle Of Wight PO30 5EB2
£160K04/230.38 mi69, Clarence Road, Newport, Isle Of Wight PO30 1ER2
£131K12/220.38 mi2, East View, Newport, Isle Of Wight PO30 1QR2
£168K04/210.38 mi36, Fairlee Road, Newport, Isle Of Wight PO30 2EJ2

Local Rents

19 rents from £750/mo to £1.3K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£1,20012/240.02 mi-2
£1,25001/250.02 mi-2
£95001/250.1 mi-2
£95003/250.1 mi-2
£95012/240.13 miHigh Street, Newport2
£85006/240.24 miUpper St. James Street, Newport2
£75006/240.26 miCross Street, Newport2
£82506/240.28 miNew Street Newport PO302
£85006/240.29 mi-2
£1,02506/240.3 miAsh Road, Newport2
£95001/250.34 mi-2
£97506/240.36 miGreen Street, Newport2
£87506/240.37 miStaplers Road, Newport2
£97506/240.42 miNewport, Isle Of Wight2
£95002/250.46 mi-2
£1,25012/240.47 mi-2
£1,02501/250.48 mi-2
£1,20002/240.55 mi-2
£1,10006/240.61 miCooper Road, Newport2

Local Area Statistics

Population in PO30

29,065

Population in Newport

229,937

Town centre distance

122.32 miles away

Nearest school

0.40 miles away

Nearest train station

6.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £137,500

October 26, 2022

Floor Plans

Description

  • No onward chain +
  • Two Bedrooms +
  • Central Location +
  • Investment Property +
  • Communal Courtyard +

EXCLUSIVE OPPORTUNITY FOR INVESTORS

Nestled within the heart of Newport, this charming house presents a delightful living space. The ground floor welcomes you with an open plan layout featuring a modern fitted kitchen seamlessly integrated with the inviting living area.

Ascend to the first floor to discover two cozy bedrooms and a well-appointed bathroom. With its prime location and potential for investment, this property presents an enticing opportunity for those seeking a property in a central locale.

Managed Tenancy by Hose Rhodes Dickson
Current Rent: £775pcm.

Agent Details

Hose Rhodes Dickson, Newport

01983 212486

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪