3 Bed Terraced House, Single Let, Newport, NP19 9NB, £140,000

Newman Close, Newport, NP19 9NB - 2 years ago

Sold STC
BTL
ROI: 9%
~93 m²
+4 photos

ValuationUndervalued

Sold Prices£110K - £338K
Sold Prices/m²£1.3K/m² - £3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£173,600
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,500

Total Cash In

£43,500

 

 

Cash Out

 

Rent Range

£550 - £1,200

Rent Estimate

£1,000

Running Costs/mo

£658

Cashflow/mo

£343

Cashflow/yr

£4,110

ROI

9%

Gross Yield

9%

Local Sold Prices

50 sold prices from £110K to £338K, average is £158.8K. £1.3K/m² to £3K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£140K04/210.03 mi5, Newman Close, Newport NP19 9NB3
£140K07/210.05 mi16, Warlock Close, Newport NP19 9NA3
£152K01/240.11 mi34, Edward German Crescent, Newport NP19 9ND3
£148K04/240.11 mi143, Hendre Farm Drive, Newport NP19 9LQ3
£155K07/230.12 mi19, Sterndale Bennett Road, Newport NP19 9LX3
£120K12/200.12 mi25, Sterndale Bennett Road, Newport NP19 9LX3
£110K02/210.17 mi58, Playford Crescent, Newport NP19 9HZ3
£170K09/230.21 mi11, Playford Crescent, Newport NP19 9HY3
£155K04/230.21 mi33, Playford Crescent, Newport NP19 9HY3
£145K03/210.24 mi238, Ringland Circle, Newport NP19 9PR3
£150K11/210.27 mi63, Hendre Farm Drive, Newport NP19 9LH3
£160K03/240.27 mi63, Hendre Farm Drive, Newport NP19 9LH3
£135K02/210.27 mi2, Tallis Close, Newport NP19 9LW3
£137.5K02/210.28 mi4, Holst Close, Newport NP19 9JF3
£121K12/200.28 mi21, Dawson Close, Newport NP19 9JH3
£141K03/210.29 mi36, Goossens Close, Newport NP19 9JN3
£135K02/240.29 mi30, Goossens Close, Newport NP19 9JN3
£178K03/230.3 mi4, Nelson Drive, Newport NP19 9FU3
£148K04/230.3 mi44, Nelson Drive, Newport NP19 9FU3
£200K03/230.33 mi6, Drake Close, Newport NP19 9FT3
£122.5K03/210.33 mi3, Myra Hess Close, Newport NP19 9GX3
£180K03/210.34 mi15, Howard Close, Newport NP19 9FR3
£134K02/210.34 mi20, Patti Close, Newport NP19 9GW3
£200K10/230.37 mi31, Jellicoe Close, Newport NP19 9HA3
£157.5K10/210.39 mi40, Mountbatten Close, Newport NP19 9GT3
£150K06/210.4 mi7, Hendre Farm Drive, Newport NP19 9LG3
£298K01/240.4 mi15, Llanwern Road, Newport NP19 9GF3
£241K05/230.4 mi7, Llanwern Road, Newport NP19 9GF3
£175K07/230.4 mi52, Llanwern Road, Newport NP19 9GF3
£300K07/220.41 mi170, Ringland Circle, Newport NP19 9PL3
£183K09/230.44 mi8, Hawke Close, Newport NP19 9GJ3
£140K11/230.44 mi4, Hawke Close, Newport NP19 9GJ3
£166.5K02/240.44 mi24, Benbow Road, Newport NP19 9FP3
£170K06/230.47 miSunnydale, Cot Hill, Llanwern, Newport NP18 2DP3
£145K02/230.47 mi25, Hood Road, Newport NP19 9GZ3
£152.5K02/240.5 mi76, Howe Circle, Newport NP19 9GP3
£170K02/230.51 mi94, Howe Circle, Newport NP19 9GP3
£165K03/230.52 mi133, Howe Circle, Newport NP19 9GS3
£147K08/230.52 mi2, Eric Coates Walk, Newport NP19 9PD3
£160K12/200.53 mi676, Chepstow Road, Newport NP19 9FB3
£338K03/210.53 mi34, The Coldra, Newport NP18 2LP3
£195K01/210.54 miLynwood, Bishpool Lane, Newport NP19 9EF3
£317.5K12/200.57 mi52, The Coldra, Newport NP18 2LR3
£200K04/230.57 mi1, Dents Close, Newport NP19 9EP3
£142.5K05/210.57 mi3, Dents Close, Newport NP19 9EP3
£165K07/230.58 mi34, Bishpool View, Newport NP19 9BG3
£177.5K04/210.58 mi30, Bishpool View, Newport NP19 9BG3
£254K10/220.59 mi55, Royal Oak Drive, Newport NP18 1JE3
£252.5K01/230.61 mi9, Neston Road, Newport NP19 9DX3
£230K05/210.61 mi7, Neston Road, Newport NP19 9DX3

Local Rents

19 rents from £550/mo to £1.2K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20004/250.15 mi-3
£1,20003/250.17 mi-3
£1,00006/230.18 mi-3
£97504/240.19 mi-3
£1,15004/250.33 mi-3
£55006/240.36 miHawkins Crescent, Newport, 3
£1,05008/240.38 miDunstable Road, NEWPORT3
£1,10008/240.4 miCunningham Road, Newport3
£1,10006/240.41 miBeatty Road, Newport, NP193
£1,10007/240.41 miBeatty Road, Newport, NP193
£1,10007/240.41 mi-3
£1,10003/240.42 mi-3
£1,15003/250.42 mi-3
£1,20008/240.54 miDetached House, William Morris Drive, Newport3
£1,15006/240.57 miBishpool View, Newport, 3
£1,15007/240.57 miBishpool View, Newport, 3
£1,20011/240.59 mi-3
£1,00007/240.62 mi-3
£1,00006/240.62 miBishpool View, Newport, NP193

Local Area Statistics

Population in NP19

51,561

Population in Newport

229,937

Town centre distance

59.83 miles away

Nearest school

0.30 miles away

Nearest train station

2.94 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Seller's market

Capital growth (5yrs)

+47%

Property History

Listed for £140,000

October 13, 2023

Floor Plans

Description

  • Instant Cashflow +
  • Cul-de-sac Location +
  • Three bedrooms +
  • Mid terrace house +
  • Upstairs bathroom +
  • Modern fitted kitchen +
  • Living room +

Introducing an Excellent Investment Opportunity

This three-bedroom, mid-terrace property presents an outstanding opportunity for investors. Located in a peaceful cul-de-sac, this home is accompanied by a range of desirable features that make it an attractive investment option.

Please take a closer look at the details:

Features:

- The property boasts a large dual aspect lounge, allowing plenty of natural light to fill the living space and creating a bright and inviting atmosphere.
- A separate kitchen offers a dedicated space for meal preparation and cooking, enhancing efficiency and functionality.
- With storage options throughout, residents can keep their belongings organized and maximize living space.
- The property benefits from a large private garden, providing a tranquil setting for outdoor activities, relaxation, and entertaining.

Location and Amenities:
- Situated in a peaceful cul-de-sac, residents can enjoy a quiet environment and reduced traffic flow.
- Conveniently located near local amenities, residents have easy access to shops, supermarkets, and other essential services, enhancing the convenience and quality of life.

Investment Opportunity:

- This property is currently occupied by a tenant, making it an attractive prospect for investors looking for immediate rental income.
- With a tenant in situ, investors can start generating returns without delay, adding value to their investment portfolio.

In conclusion, this three-bedroom mid-terrace property, with its spacious rooms, private garden, and cul-de-sac location, presents a fantastic investment opportunity for those seeking rental income from day one. With close proximity to local amenities, this property offers both convenience and potential for long-term return on investment. Don't miss out on this promising opportunity.

Agent Details

haart, Newport

01633 603498

Next Steps?

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