2 Bed Flat, Single Let, Newport, NP19 0RW, £95,000

Wright Close, Newport, NP19 0RW - a year ago

Sold STC
Leasehold
Auction
BTL
ROI: 11%
~65 m²
+9 photos

ValuationUndervalued

Sold Prices£76K - £160K
Sold Prices/m²£1.2K/m² - £2.4K/m²

 

 

Square Metres

~65.10 m²
Price/m²£1.5K/m²

Value Estimate

£117,800
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£5,950

Total Cash In

£29,700

 

 

Cash Out

 

Rent Range

£642 - £2,250

Rent Estimate

£750

Running Costs/mo

£467

Cashflow/mo

£283

Cashflow/yr

£3,398

ROI

11%

Gross Yield

9%

Local Sold Prices

26 sold prices from £76K to £160K, average is £119K. £1.2K/m² to £2.4K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£93.5K01/230.01 mi34, Wright Close, Newport NP19 0RW2
£115K10/210.04 mi3, Lindbergh Close, Newport NP19 0RX2
£100K07/230.04 mi9, Lindbergh Close, Newport NP19 0RX2
£85K11/200.25 mi34, Colston Avenue, Newport NP19 0HD2
£110K05/230.26 mi39, Collingwood Crescent, Newport NP19 0JW2
£107.5K09/230.26 mi43, Collingwood Crescent, Newport NP19 0JW2
£112K02/230.42 miFlat 5, Rivendell Court, Corporation Road, Newport NP19 0GP2
£135K01/230.49 mi90, Amelia Way, Newport NP19 0LR2
£76K04/210.54 mi40, Broad Mead Park, Newport NP19 4PD2
£130K01/230.65 miFlat 12, Pen Y Lan Court, Gibbs Road, Newport NP19 8AQ2
£124K06/210.65 miFlat 5, Pen-y-lan Court, Gibbs Road, Newport NP19 8AQ2
£85K09/230.66 mi7, Walton Close, Newport NP19 9QW2
£133K10/210.68 miFlat 10, Millennium House, Millennium Walk, Newport NP19 0NY2
£120K08/230.7 mi254, Argosy Way, Newport NP19 0LP2
£117.5K02/210.7 mi248, Argosy Way, Newport NP19 0LP2
£114K11/200.7 mi246, Argosy Way, Newport NP19 0LP2
£125K10/220.71 mi244, Argosy Way, Newport NP19 0LP2
£100K01/210.73 mi22, Ariel Reach, Newport NP20 2FP2
£122.5K07/230.73 mi4, Ariel Reach, Newport NP20 2FP2
£118K08/210.74 mi115, Argosy Way, Newport NP19 0LE2
£125K10/230.74 miFlat 8, Glanmor Court, Glanmor Crescent, Newport NP19 8AX2
£130K12/220.77 mi15, Ariel Close, Newport NP20 2FN2
£160K09/230.84 mi12, Alicia Close, Newport NP20 2FH2
£125K01/230.91 mi6, Argosy Way, Newport NP19 0DH2
£150K01/210.92 mi202, Chepstow Road, Newport NP19 8EL2
£140K10/230.95 mi8, Kensington Gardens, Newport NP19 8GD2

Local Rents

24 rents from £642/mo to £2.3K/mo, average is £873/mo.

RentDateDistanceAddressBeds 
£80007/240.04 miAmy Johnson Close, Castell Mews2
£80003/240.07 miAlcock Close, Liswerry2
£89502/240.16 mi-2
£82503/240.22 miCollingwood Avenue, Newport2
£80007/240.24 miCromwell Road, NEWPORT2
£80007/240.28 miSomerton Lane, Newport2
£77507/240.3 miCollingwood Crescent, NEWPORT2
£95005/240.31 mi-2
£75002/240.33 mi-2
£1,70006/230.42 mi-2
£85006/240.46 miAmelia Way, NEWPORT2
£89508/240.46 miAmelia Way, NEWPORT2
£1,00006/240.51 mi-2
£75004/230.51 mi-2
£2,25006/240.52 mi-2
£97507/240.53 miLysaght Gardens, Newport, NP192
£97508/240.53 miLysaght Gardens, Newport, NP192
£85007/240.54 miLysaght Gardens, Newport2
£1,12508/240.55 mi-2
£90006/240.58 mi-2
£90006/240.58 miAnderson Grove, Newport, NP192
£1,09501/250.58 mi-2
£64204/250.61 mi-2
£70002/240.62 mi-2

Local Area Statistics

Population in NP19

51,561

Population in Newport

229,937

Town centre distance

58.30 miles away

Nearest school

0.10 miles away

Nearest train station

1.69 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 £95,000

February 12, 2025

Price changed to £110,000

January 23, 2025

Listed for £129,950

February 5, 2024

Floor Plans

Description

  • MODERN METHOD OF AUCTION +
  • NO CHAIN +
  • SPACIOUS FIRST FLOOR APARTMENT +
  • 2 DOUBLE BEDROOMS +
  • KITCHEN / BREAKFAST ROOM +
  • LIVING ROOM +
  • SHOWER ROOM +
  • ALLOCATED PARKING +
  • PERFECT FOR FIRST TIME BUYERS OR INVESTORS +

*THE MODERN METHOD OF AUCTION!!**NO CHAIN! SPACIOUS, FIRST FLOOR APARTMENT IN A POPULAR & CONVENIENT LOCATION WITH 2 DOUBLE BEDROOMS, LIVING ROOM, KITCHEN/BREAKFAST ROOM & SHOWER ROOM, ALLOCATED PARKING WITH EASY ACCESS TO JUNCTIONS 24 & 28 OF THE M4* Situated on the popular & convenient East Side of Newport is this beautifully presented, two double bedroom, first floor apartment. Perfect for first time buyers, investors or downsizing. The property is located within walking distance to all local amenities, supermarkets, shopping at Newport Retail Park & the Southern Distributor Road providing quick easy access to junctions 24 & 28 of the M4. Offering well planned living accommodation briefly comprising, to the ground floor: Main entrance with stairs to the first floor. Entrance hall/storage area with main door to hallway with access to two double bedrooms, shower room, spacious living room and kitchen/breakfast room. The property further benefits from having an allocated parking space, electric heating and upvc double glazing windows. Lease details - Approx 154 years left with no maintenance charge and a peppercorn ground rent. *This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £300 inc VAT for this pack. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty*

Agent Details

M2 Estate Agents, Newport

01633 603652

Next Steps?

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