2 Bed Flat, Single Let, Newport, NP19 7FZ, £90,000

Somerset Road, Newport, NP19 7FZ - a year ago

Leasehold
BTL
ROI: 10%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£50K - £176K
Sold Prices/m²£1K/m² - £2.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.3K/m²

Value Estimate

£107,976

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£4,500

Total Cash In

£27,000

 

 

Cash Out

 

Rent Range

£650 - £2,650

Rent Estimate

£785

Running Costs/mo

£458

Cashflow/mo

£327

Cashflow/yr

£3,921

ROI

15%

Gross Yield

10%

Local Sold Prices

50 sold prices from £50K to £176K, average is £117.8K. £1K/m² to £2.4K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£88.5K02/240.4 mi11, Vandyke Close, Newport NP19 7QZ2
£96K03/210.4 mi6, Vandyke Close, Newport NP19 7QZ2
£95K10/220.4 mi7, Vandyke Close, Newport NP19 7QZ2
£113K03/210.48 mi32a, Caerleon Road, Newport NP19 7BX2
£140K10/230.49 mi8, Kensington Gardens, Newport NP19 8GD2
£78K04/210.5 mi19, Forest Close, Newport NP19 8LX2
£150K01/210.54 mi202, Chepstow Road, Newport NP19 8EL2
£110K02/230.66 mi9, Tewkesbury Walk, Newport NP20 5HP2
£80K02/240.68 miThe Da Vinci, Flat 10, Copper Dome Mews, Newport NP19 0PX2
£158K12/220.68 miFlat 14, The Cardisco, Doric Mews, Newport NP19 0PZ2
£158.9K10/230.71 miFlat 14, The Mantegna, Edwardian Mews, Newport NP19 0QA2
£130.5K06/210.74 miFlat 4, Gwalia House, Amber Close, Newport NP19 0BB2
£139.5K07/230.74 miFlat 3, Gwalia House, Amber Close, Newport NP19 0BB2
£125K10/220.78 miFlat 1, Devonia House, Rodney Road, Newport NP19 0NQ2
£96K04/210.82 mi111, Beaufort Road, Newport NP19 7PB2
£133K10/210.9 miFlat 10, Millennium House, Millennium Walk, Newport NP19 0NY2
£125K01/230.93 mi6, Argosy Way, Newport NP19 0DH2
£130K01/230.97 miFlat 12, Pen Y Lan Court, Gibbs Road, Newport NP19 8AQ2
£124K06/210.98 miFlat 5, Pen-y-lan Court, Gibbs Road, Newport NP19 8AQ2
£125K10/231.05 miFlat 8, Glanmor Court, Glanmor Crescent, Newport NP19 8AX2
£90K03/211.07 mi17, Brynglas Court, Newport NP20 5QR2
£131K11/221.07 mi24, Brynglas Court, Newport NP20 5QR2
£118K08/211.09 mi115, Argosy Way, Newport NP19 0LE2
£84K11/201.09 mi16, Brynglas Close, Newport NP20 5QT2
£145K01/211.11 mi3a, Victoria Place, Newport NP20 4DZ2
£125K10/221.12 mi244, Argosy Way, Newport NP19 0LP2
£120K08/231.13 mi254, Argosy Way, Newport NP19 0LP2
£117.5K02/211.13 mi248, Argosy Way, Newport NP19 0LP2
£114K11/201.13 mi246, Argosy Way, Newport NP19 0LP2
£111.5K10/201.13 mi258, Argosy Way, Newport NP19 0LP2
£157.5K09/221.14 miFlat 7, St. Cecilia Court, Gold Tops, Newport NP20 4PH2
£150K05/211.15 miFlat 7, Kingshill Court, Stow Hill, Newport NP20 4DT2
£176K10/231.15 miFlat 16, Kingshill Court, Stow Hill, Newport NP20 4DT2
£100K04/211.18 mi10, Cathedral Court, Newport NP20 4EU2
£92.5K08/211.18 mi20, Cathedral Court, Newport NP20 4EU2
£107.5K11/211.18 mi2, Cathedral Court, Newport NP20 4EU2
£110K12/231.18 mi22, Cathedral Court, Newport NP20 4EU2
£110K02/211.18 mi18, Allt Yr Yn Crescent, Newport NP20 5GD2
£110K05/231.2 mi39, Collingwood Crescent, Newport NP19 0JW2
£107.5K09/231.2 mi43, Collingwood Crescent, Newport NP19 0JW2
£112K02/231.21 miFlat 5, Rivendell Court, Corporation Road, Newport NP19 0GP2
£135K01/231.21 mi90, Amelia Way, Newport NP19 0LR2
£160K09/231.22 mi12, Alicia Close, Newport NP20 2FH2
£98K04/211.26 mi458, Herbert Walk, Newport NP20 2HW2
£85K11/201.29 mi34, Colston Avenue, Newport NP19 0HD2
£50K11/211.3 mi13b, Blaen Y Pant Crescent, Newport NP20 5QB2
£100K01/211.35 mi22, Ariel Reach, Newport NP20 2FP2
£122.5K07/231.35 mi4, Ariel Reach, Newport NP20 2FP2
£130K12/221.36 mi15, Ariel Close, Newport NP20 2FN2
£150K03/231.4 mi19, Fields Park Court, Newport NP20 5BD2

Local Rents

48 rents from £650/mo to £2.6K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£84004/250.11 mi-2
£85006/240.11 mi-2
£97506/240.13 miDurham Road2
£90006/240.16 miDuckpool Road, Newport2
£85007/240.16 mi-2
£85002/250.16 mi-2
£87508/240.19 mi-2
£90006/240.21 mi-2
£85006/240.22 miOrchard Court, Caerleon Road, Newort2
£87509/240.25 mi-2
£95007/240.25 miOrchard Gardens, Newport, NP192
£95008/240.25 miOrchard Gardens, Newport, NP192
£95008/240.25 miOrchard Gardens, Newport, NP192
£95008/240.25 miOrchard Gardens, Newport, NP192
£95006/240.27 miSutton Road, NEWPORT2
£95003/250.29 mi-2
£85005/240.3 mi-2
£2,65004/240.31 mi-2
£1,25006/240.32 miRiverbank Avenue, Newport, NP192
£95006/240.34 mi-2
£90007/240.34 miMaindee Parade, Newport, 2
£90006/240.35 miMaindee Parade, Newport2
£95008/240.36 miSutton Road, NEWPORT2
£90006/240.36 mi-2
£87507/240.38 miClayton Street, Newport2
£92507/240.38 mi-2
£92509/240.38 mi-2
£95001/250.38 mi-2
£99503/250.38 mi-2
£92506/240.38 miPrinces Mews, Newport, NP192
£92509/240.38 miPrinces Mews, Newport, NP192
£1,10009/240.39 miVictoria Avenue, Newport2
£90007/240.4 mi-2
£90007/240.4 mi-2
£90006/240.4 miPrince Street, Newport, NP192
£90006/240.4 miPrince Street, Newport, NP192
£85006/240.41 miAttractive Terrace, Corelli Street, Newport2
£90008/240.43 miCorelli Street, Newport, NP192
£92509/240.44 miCorelli Street, Newport, NP192
£75007/240.44 miChepstow Road, Newport, NP19 8BY2
£65006/240.48 mi-2
£90001/250.52 mi-2
£78502/240.52 mi-2
£82503/240.53 miEast Usk Road, Newport2
£85008/240.53 miEast Usk Road, NEWPORT2
£80006/240.58 miChepstow Road, Newport2
£70006/240.58 miChepstow Road, Newport2
£1,10007/240.59 miArchibald Street,2

Local Area Statistics

Population in NP19

51,561

Population in Newport

229,937

Town centre distance

58.33 miles away

Nearest school

0.10 miles away

Nearest train station

0.98 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Seller's market

Capital growth (5yrs)

+47%

Property History

Price changed to £90,000

December 26, 2024

Price changed to £100,000

December 4, 2024

Listed for £110,000

October 27, 2023

Floor Plans

Description

  • No Onwards Chain +
  • Popular Location +
  • Close to Local Amenities +
  • Newly Fitted Shower Room +
  • Excellent Transport Links +
  • Council Tax Band B +

SUMMARY
First Floor Flat with Two Double Bedrooms and a short drive from the M4...

DESCRIPTION
Just around the corner from Caerleon Road, the property is conveniently located close to fantastic local amenities including Wren's bakery, Convenience Shops, Post Office, hairdressers, and pharmacies. This home is situated just a two-minute drive from Junction 25 of the M4 motorway, ideal for travelling out of the city.

Internally, this home is decorated throughout with neutral colours, easily allowing you to add your own touch.

Call Newport Peter Alan Today To Book Your Viewing.

Entrance  
Enter via secure front door

Living Room  12' 4" x 14' 4" ( 3.76m x 4.37m )
Baywindow to front, radiator and fitted carpet throughout.

Kitchen  7' 6" x 9' 6" ( 2.29m x 2.90m )
uPVC door to rear,wall and base units with inset sink and electric oven and hob with cooker hood over.

Bedroom One 9' 4" x 11' 3" ( 2.84m x 3.43m )
Window to front with radiator and fitted carpet throughout.

Bedroom Two 8' 5" x 13' 3" ( 2.57m x 4.04m )
Window to rear, with radiator and laminate flooring.

Bathroom 
Window to rear, Low Level WC, Wash hand basin and walk in shower cubicle.

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER PETER ALAN NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Peter Alan, Newport

01633 603942

Next Steps?

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