2 Bed Flat, Single Let, Newport, PO30 1TS, £100,000

Trafalgar Road, Newport, Isle of Wight, PO30 1TS - 2 views - 10 months ago

Sold STC
Leasehold
BTL
ROI: 14%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£110K - £331K
Sold Prices/m²£1.8K/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£120,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£4,200

Total Cash In

£29,200

 

 

Cash Out

 

Rent Range

£750 - £1,250

Rent Estimate

£831

Running Costs/mo

£499

Cashflow/mo

£332

Cashflow/yr

£3,988

ROI

14%

Gross Yield

10%

Local Sold Prices

25 sold prices from £110K to £331K, average is £142.5K. £1.8K/m² to £3.5K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£126K08/220.06 miFlat 7, Linington Court, Union Street, Newport, Isle Of Wight PO30 1RS2
£125K03/210.26 miFlat 7, Field Court, Carisbrooke Road, Newport, Isle Of Wight PO30 1DA2
£155K03/230.26 mi34b, Hearn Street, Newport, Isle Of Wight PO30 5EH2
£115K11/210.29 miFlat 39, Homewight House, Crocker Street, Newport, Isle Of Wight PO30 5GA2
£125.5K09/220.29 miFlat 10, Homewight House, Crocker Street, Newport, Isle Of Wight PO30 5GA2
£125K05/230.29 miFlat 26, Homewight House, Crocker Street, Newport, Isle Of Wight PO30 5GA2
£270K05/210.33 miFlat 48, Somers Brook Court, Foxes Road, Newport, Isle Of Wight PO30 5UN2
£150K01/240.33 miSomers Brook Court, Flat 47, Foxes Road, Newport, Isle Of Wight PO30 5UN2
£130K01/240.33 miSomers Brook Court, Flat 40, Foxes Road, Newport, Isle Of Wight PO30 5UN2
£145K10/200.38 mi28, Sydney Close, Newport, Isle Of Wight PO30 1YG2
£142.5K03/210.38 mi13, Sydney Close, Newport, Isle Of Wight PO30 1YG2
£145K02/210.38 mi26, Sydney Close, Newport, Isle Of Wight PO30 1YG2
£157K11/220.42 miFlat 2, Shide Court, Shide Road, Newport, Isle Of Wight PO30 1YJ2
£116K12/200.47 mi11, Chandler Close, Newport, Isle Of Wight PO30 1RH2
£129K07/230.53 mi6, Redver Gardens, Newport, Isle Of Wight PO30 5JJ2
£275K09/210.59 mi1, Hinton Road, Newport, Isle Of Wight PO30 5QZ2
£245K03/210.81 mi13, Fieldfare Road, Newport, Isle Of Wight PO30 5YB2
£175K08/210.93 mi108, Staplers Road, Newport, Isle Of Wight PO30 2GD2
£331K05/211.07 mi2, Buckbury Close, Newport, Isle Of Wight PO30 2NN2
£120K07/211.26 miFlat 28, The Lawns, Fairlee Road, Newport, Isle Of Wight PO30 2PT2
£137.5K05/231.26 miFlat 28, The Lawns, Fairlee Road, Newport, Isle Of Wight PO30 2PT2
£110K09/231.29 mi18, Harris Road, Newport, Isle Of Wight PO30 5NN2
£125K09/231.29 mi17, Harris Road, Newport, Isle Of Wight PO30 5NN2
£215K08/211.41 miFlat 1, Blackwater House, Blackwater Road, Newport, Isle Of Wight PO30 3BE2
£174K05/211.41 miFlat 2, Blackwater House, Blackwater Road, Newport, Isle Of Wight PO30 3BE2

Local Rents

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

RentDateDistanceAddressBeds 
£85006/240.05 mi-2
£85006/240.06 miUpper St. James Street, Newport2
£82506/240.06 miNew Street Newport PO302
£75006/240.13 miCross Street, Newport2
£95012/240.21 miHigh Street, Newport2
£97506/240.25 miNewport, Isle Of Wight2
£1,20012/240.28 mi-2
£1,25001/250.28 mi-2
£1,25012/240.32 mi-2
£95003/250.35 mi-2
£95001/250.35 mi-2
£1,02506/240.42 miAsh Road, Newport2
£95002/250.45 mi-2
£97506/240.47 miGreen Street, Newport2
£95001/250.53 mi-2
£87506/240.59 miStaplers Road, Newport2

Local Area Statistics

Population in PO30

29,065

Population in Newport

229,937

Town centre distance

122.28 miles away

Nearest school

0.20 miles away

Nearest train station

6.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £100,000

June 10, 2024

Sold for £99,500

2005

Floor Plans

Description

  • Purpose built apartment for over 45's +
  • Situated on the first floor with communal lift +
  • Offered with no forward chain +
  • Great central location within easy reach of shops and eateries +
  • Six residents parking spaces on a first come first served basis +

First floor apartment in a purpose built block for the over 45's. Great central location within easy reach of shops and eateries.

Room sizes:

  • Entrance Hallway
  • Kitchen: 6'7 x 5'5 (2.01m x 1.65m)
  • Lounge: 17'5 x 9'5 (5.31m x 2.87m)
  • Bedroom 1: 15'5 x 8'1 (4.70m x 2.47m)
  • Bedroom 2: 12'4 x 6'5 (3.76m x 1.96m)
  • Shower Room  
    The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
     
    We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Pittis, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.

Agent Details

Pittis, Newport

01983 212709

Next Steps?

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