2 Bed Flat, Single Let, Newport, NP19 0JX, £107,800

86 Somerton Road, Newport, NP19 0JX - 4 views - 10 months ago

Sold STC

Leasehold

BTL

ROI: 10%

65 m²

+2 photos

ValuationUndervalued

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

Square Metres	65 m²
Price/m²	£1.7K/m²
Value Estimate	£118,915£118,915
BMV	8%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£26,950£26,950
Stamp Duty & Legal Fees	£4,500£4,500
Total Cash In	£31,450£31,450

Cash Out
Rent Range	£750 - £2,250£750 - £2,250
Rent Estimate	£778
Running Costs/mo	£512£512
Cashflow/mo	£266£266
Cashflow/yr	£3,186£3,186
ROI	10%10%
Gross Yield	9%9%

Local Sold Prices

27 sold prices from £76K to £160K, average is £118K. £1.1K/m² to £2.4K/m², average is £1.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£93.5K	01/23	0.11 mi	34, Wright Close, Newport NP19 0RW	£1,585	59	2	Flat
£115K	10/21	0.15 mi	3, Lindbergh Close, Newport NP19 0RX	£1,891	61	2	Flat
£100K	07/23	0.15 mi	9, Lindbergh Close, Newport NP19 0RX	£1,639	61	2	Flat
£110K	05/23	0.19 mi	39, Collingwood Crescent, Newport NP19 0JW	-	-	2	Flat
£107.5K	09/23	0.19 mi	43, Collingwood Crescent, Newport NP19 0JW	£1,930	56	2	Flat
£85K	11/20	0.29 mi	34, Colston Avenue, Newport NP19 0HD	£1,613	53	2	Flat
£112K	02/23	0.46 mi	Flat 5, Rivendell Court, Corporation Road, Newport NP19 0GP	-	-	2	Flat
£76K	04/21	0.5 mi	40, Broad Mead Park, Newport NP19 4PD	£1,226	62	2	Flat
£135K	01/23	0.54 mi	90, Amelia Way, Newport NP19 0LR	-	-	2	Flat
£130K	01/23	0.56 mi	Flat 12, Pen Y Lan Court, Gibbs Road, Newport NP19 8AQ	-	-	2	Flat
£124K	06/21	0.56 mi	Flat 5, Pen-y-lan Court, Gibbs Road, Newport NP19 8AQ	-	-	2	Flat
£85K	09/23	0.59 mi	7, Walton Close, Newport NP19 9QW	£1,491	57	2	Flat
£125K	10/23	0.64 mi	Flat 8, Glanmor Court, Glanmor Crescent, Newport NP19 8AX	-	-	2	Flat
£133K	10/21	0.68 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
£125K	10/22	0.74 mi	244, Argosy Way, Newport NP19 0LP	-	-	2	Flat
£118K	08/21	0.77 mi	115, Argosy Way, Newport NP19 0LE	£2,185	54	2	Flat
£100K	01/21	0.8 mi	22, Ariel Reach, Newport NP20 2FP	-	-	2	Flat
£122.5K	07/23	0.8 mi	4, Ariel Reach, Newport NP20 2FP	£2,042	60	2	Flat
£130K	12/22	0.83 mi	15, Ariel Close, Newport NP20 2FN	-	-	2	Flat
£150K	01/21	0.88 mi	202, Chepstow Road, Newport NP19 8EL	-	-	2	Flat
£160K	09/23	0.89 mi	12, Alicia Close, Newport NP20 2FH	£1,720	93	2	Flat
£140K	10/23	0.89 mi	8, Kensington Gardens, Newport NP19 8GD	£2,414	58	2	Flat
£125K	01/23	0.93 mi	6, Argosy Way, Newport NP19 0DH	£1,984	63	2	Flat
£78K	04/21	0.96 mi	19, Forest Close, Newport NP19 8LX	£1,144	68	2	Flat

Local Rents

19 rents from £750/mo to £2.3K/mo, average is £850/mo.

Rent	Date	Distance	Address	Beds	Type
£895	02/24	0.13 mi	-	2	Terraced House
£825	03/24	0.13 mi	Collingwood Avenue, Newport	2	Flat
£800	07/24	0.14 mi	Amy Johnson Close, Castell Mews	2	Flat
£800	03/24	0.17 mi	Alcock Close, Liswerry	2	Flat
£800	07/24	0.21 mi	Cromwell Road, NEWPORT	2	Flat
£800	07/24	0.22 mi	Somerton Lane, Newport	2	Terraced House
£775	07/24	0.22 mi	Collingwood Crescent, NEWPORT	2	Flat
£750	02/24	0.23 mi	-	2	Flat
£950	05/24	0.35 mi	-	2	Terraced House
£1,000	06/24	0.5 mi	-	2	Bungalow
£850	06/24	0.51 mi	Amelia Way, NEWPORT	2	Flat
£895	08/24	0.51 mi	Amelia Way, NEWPORT	2	Flat
£1,700	06/23	0.51 mi	-	2	Flat
£750	04/23	0.53 mi	-	2	Flat
£1,150	03/25	0.59 mi	-	2	Terraced House
£2,250	06/24	0.6 mi	-	2	Flat
£975	07/24	0.62 mi	Lysaght Gardens, Newport, NP19	2	Flat
£975	08/24	0.62 mi	Lysaght Gardens, Newport, NP19	2	Flat
£850	07/24	0.62 mi	Lysaght Gardens, Newport	2	Flat

Local Area Statistics

Population in NP19	51,56151,561
Population in Newport	229,937229,937
Town centre distance	58.38 miles away58.38 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.70 miles away1.70 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

Price changed to £107,800

December 4, 2024

Listed for £110,000

June 27, 2024

Sold for £29,250

1997

Description

SUPERB, SPACIOUS FIRST FLOOR APARTMENT +
TWO DOUBLE BEDROOMS +
SHORT DRIVE TO M4 +
BRIEF DRIVE TO CITY CENTRE +
PRIVATE ENTRANCE +
MODERN KITCHEN +
GOOD SIZE LIVING ROOM +
WHITE BATHROOM +
uPVC DOUBLE GLAZING +
OFF ROAD PARKING SPACE +

A stunning, spacious two bedroom first floor apartment that has been refurbished and features a new kitchen and carpets and has been redecorated throughout. Parking space at rear. Highly recommended.

Agent Details

Crook & Blight, Newport

01633 603929

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Description

Agent Details

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