2 Bed Flat, Single Let, Newport, NP19 0JT, £110,000

Collingwood Avenue, Newport - REF# 00010993, NP19 0JT - 4 views - 9 months ago

Sold STC

Leasehold

BTL

ROI: 9%

~69 m²

+8 photos

ValuationUndervalued

Sold Prices	£76K - £160K
Sold Prices/m²	£1.1K/m² - £2.4K/m²

Square Metres	~68.60 m²
Price/m²	£1.6K/m²
Value Estimate	£125,501£125,501
BMV	14%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£27,500£27,500
Stamp Duty & Legal Fees	£4,500£4,500
Total Cash In	£32,000£32,000

Cash Out
Rent Range	£750 - £1,150£750 - £1,150
Rent Estimate	£763
Running Costs/mo	£516£516
Cashflow/mo	£247£247
Cashflow/yr	£2,960£2,960
ROI	9%9%
Gross Yield	8%8%

Local Sold Prices

28 sold prices from £76K to £160K, average is £117.8K. £1.1K/m² to £2.4K/m², average is £1.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£110K	05/23	0.08 mi	39, Collingwood Crescent, Newport NP19 0JW	-	-	2	Flat
£107.5K	09/23	0.08 mi	43, Collingwood Crescent, Newport NP19 0JW	£1,930	56	2	Flat
£93.5K	01/23	0.26 mi	34, Wright Close, Newport NP19 0RW	£1,585	59	2	Flat
£115K	10/21	0.3 mi	3, Lindbergh Close, Newport NP19 0RX	£1,891	61	2	Flat
£100K	07/23	0.3 mi	9, Lindbergh Close, Newport NP19 0RX	£1,639	61	2	Flat
£85K	11/20	0.35 mi	34, Colston Avenue, Newport NP19 0HD	£1,613	53	2	Flat
£130K	01/23	0.39 mi	Flat 12, Pen Y Lan Court, Gibbs Road, Newport NP19 8AQ	-	-	2	Flat
£124K	06/21	0.4 mi	Flat 5, Pen-y-lan Court, Gibbs Road, Newport NP19 8AQ	-	-	2	Flat
£112K	02/23	0.49 mi	Flat 5, Rivendell Court, Corporation Road, Newport NP19 0GP	-	-	2	Flat
£125K	10/23	0.49 mi	Flat 8, Glanmor Court, Glanmor Crescent, Newport NP19 8AX	-	-	2	Flat
£135K	01/23	0.56 mi	90, Amelia Way, Newport NP19 0LR	-	-	2	Flat
£76K	04/21	0.57 mi	40, Broad Mead Park, Newport NP19 4PD	£1,226	62	2	Flat
£85K	09/23	0.58 mi	7, Walton Close, Newport NP19 9QW	£1,491	57	2	Flat
£133K	10/21	0.63 mi	Flat 10, Millennium House, Millennium Walk, Newport NP19 0NY	-	-	2	Flat
£120K	08/23	0.74 mi	254, Argosy Way, Newport NP19 0LP	-	-	2	Flat
£117.5K	02/21	0.74 mi	248, Argosy Way, Newport NP19 0LP	£2,166	54	2	Flat
£114K	11/20	0.74 mi	246, Argosy Way, Newport NP19 0LP	£2,096	54	2	Flat
£111.5K	10/20	0.74 mi	258, Argosy Way, Newport NP19 0LP	£2,050	54	2	Flat
£125K	10/22	0.74 mi	244, Argosy Way, Newport NP19 0LP	-	-	2	Flat
£140K	10/23	0.75 mi	8, Kensington Gardens, Newport NP19 8GD	£2,414	58	2	Flat
£150K	01/21	0.77 mi	202, Chepstow Road, Newport NP19 8EL	-	-	2	Flat
£118K	08/21	0.77 mi	115, Argosy Way, Newport NP19 0LE	£2,185	54	2	Flat
£78K	04/21	0.8 mi	19, Forest Close, Newport NP19 8LX	£1,144	68	2	Flat
£100K	01/21	0.84 mi	22, Ariel Reach, Newport NP20 2FP	-	-	2	Flat
£122.5K	07/23	0.84 mi	4, Ariel Reach, Newport NP20 2FP	£2,042	60	2	Flat
£130K	12/22	0.87 mi	15, Ariel Close, Newport NP20 2FN	-	-	2	Flat
£125K	01/23	0.89 mi	6, Argosy Way, Newport NP19 0DH	£1,984	63	2	Flat
£160K	09/23	0.9 mi	12, Alicia Close, Newport NP20 2FH	£1,720	93	2	Flat

Local Rents

15 rents from £750/mo to £1.1K/mo, average is £825/mo.

Rent	Date	Distance	Address	Beds	Type
£825	03/24	0.03 mi	Collingwood Avenue, Newport	2	Flat
£775	07/24	0.07 mi	Collingwood Crescent, NEWPORT	2	Flat
£800	07/24	0.11 mi	Somerton Lane, Newport	2	Terraced House
£895	02/24	0.15 mi	-	2	Terraced House
£750	02/24	0.15 mi	-	2	Flat
£800	07/24	0.16 mi	Cromwell Road, NEWPORT	2	Flat
£800	07/24	0.29 mi	Amy Johnson Close, Castell Mews	2	Flat
£800	03/24	0.33 mi	Alcock Close, Liswerry	2	Flat
£950	05/24	0.37 mi	-	2	Terraced House
£1,150	03/25	0.46 mi	-	2	Terraced House
£750	04/23	0.52 mi	-	2	Flat
£925	03/25	0.54 mi	-	2	Flat
£850	06/24	0.55 mi	Amelia Way, NEWPORT	2	Flat
£895	08/24	0.55 mi	Amelia Way, NEWPORT	2	Flat
£1,000	06/24	0.6 mi	-	2	Bungalow

Local Area Statistics

Population in NP19	51,56151,561
Population in Newport	229,937229,937
Town centre distance	58.46 miles away58.46 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.64 miles away1.64 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+16%+16%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+47%+47%

Property History

Listed for £110,000

June 19, 2024

Sold for £34,950

2002

Floor Plans

Description

NEW PRICE NOW Guide Price £110,000 TO £120,000 - NO CHAIN +
SPACIOUS GROUND FLOOR APARTMENT +
GREAT TRANSPORT LINKS +
MODERN FITTED KITCHEN +
ALLOCATED PARKING TO REAR +
REF# 00010993 +

NEW PRICE NOW Guide Price £110,000 TO £120,000
Presenting a desirable two-bedroom flat for sale in the well-connected locale of Collingwood Avenue, Newport. Ideally situated, this property boasts excellent public transport links and a variety of local amenities nearby, adding to its appeal.

The property, in good condition, is a ground floor flat that offers a convenient and comfortable living space. As you enter, you are welcomed by the hallway leading to a warm reception room, perfect for entertaining guests or enjoying a quiet evening in.

The property boasts a well-equipped kitchen bathed in natural light, offering ample storage and an integrated fridge/freezer. It provides the perfect blend of functionality and modern design.

The flat features two bedrooms - a spacious double and a cosy single. These rooms can cater to a variety of needs, whether it be a restful retreat, a guest room, or even a home office.

A notable feature of this flat is the sizable bathroom, complete with a large corner bath, promising a luxurious bathing experience.

One of the unique features of this property is the provision of two allocated parking spaces at the rear, a rare find in this location.

Additionally, the flat is being offered with no onward chain, simplifying the buying process and allowing you to move in at your earliest convenience.

In summary, this flat is a fantastic opportunity for those seeking a comfortable, well-located property with excellent features. Don't miss out on this golden opportunity.

We have been advised by the seller the following details pertaining to this property. We would encourage any interested parties to seek legal advice to confirm such details prior to purchase.

Council Tax Band - B

Tenure - Leasehold

Length of Lease - 85 years remaining

Ground Rent - TBC

Agent Details

Pinkmove, Newport

01633 603349

Next Steps?

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