2 Bed Flat, Single Let, Newport, NP19 0JS, £105,000

Collingwood Avenue, Newport, NP19 0JS - 8 months ago

Leasehold

BTL

ROI: 11%

~68 m²

+5 photos

ValuationUndervalued

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

Square Metres	~68.11 m²
Price/m²	£1.5K/m²
Value Estimate	£130,141£130,141
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£26,250£26,250
Stamp Duty & Legal Fees	£6,450£6,450
Total Cash In	£32,700£32,700

Cash Out
Rent Range	£750 - £1,700£750 - £1,700
Rent Estimate	£825
Running Costs/mo	£513£513
Cashflow/mo	£312£312
Cashflow/yr	£3,743£3,743
ROI	11%11%
Gross Yield	9%9%

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	0.11 mi	39, Collingwood Crescent, Newport NP19 0JW	-	-	2	Flat
£107.5K	09/23	0.11 mi	43, Collingwood Crescent, Newport NP19 0JW	£1,930	56	2	Flat
£93.5K	01/23	0.23 mi	34, Wright Close, Newport NP19 0RW	£1,585	59	2	Flat
£115K	10/21	0.26 mi	3, Lindbergh Close, Newport NP19 0RX	£1,891	61	2	Flat
£100K	07/23	0.26 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	0.43 mi	Flat 12, Pen Y Lan Court, Gibbs Road, Newport NP19 8AQ	-	-	2	Flat
£124K	06/21	0.44 mi	Flat 5, Pen-y-lan Court, Gibbs Road, Newport NP19 8AQ	-	-	2	Flat
£112K	02/23	0.5 mi	Flat 5, Rivendell Court, Corporation Road, Newport NP19 0GP	-	-	2	Flat
£125K	10/23	0.52 mi	Flat 8, Glanmor Court, Glanmor Crescent, Newport NP19 8AX	-	-	2	Flat
£76K	04/21	0.53 mi	40, Broad Mead Park, Newport NP19 4PD	£1,226	62	2	Flat
£85K	09/23	0.56 mi	7, Walton Close, Newport NP19 9QW	£1,491	57	2	Flat
£135K	01/23	0.57 mi	90, Amelia Way, Newport NP19 0LR	-	-	2	Flat
£133K	10/21	0.66 mi	Flat 10, Millennium House, Millennium Walk, Newport NP19 0NY	-	-	2	Flat
£120K	08/23	0.76 mi	254, Argosy Way, Newport NP19 0LP	-	-	2	Flat
£117.5K	02/21	0.76 mi	248, Argosy Way, Newport NP19 0LP	£2,166	54	2	Flat
£114K	11/20	0.76 mi	246, Argosy Way, Newport NP19 0LP	£2,096	54	2	Flat
£111.5K	10/20	0.76 mi	258, Argosy Way, Newport NP19 0LP	£2,050	54	2	Flat
£125K	10/22	0.76 mi	244, Argosy Way, Newport NP19 0LP	-	-	2	Flat
£118K	08/21	0.79 mi	115, Argosy Way, Newport NP19 0LE	£2,185	54	2	Flat
£140K	10/23	0.8 mi	8, Kensington Gardens, Newport NP19 8GD	£2,414	58	2	Flat
£150K	01/21	0.81 mi	202, Chepstow Road, Newport NP19 8EL	-	-	2	Flat
£100K	01/21	0.85 mi	22, Ariel Reach, Newport NP20 2FP	-	-	2	Flat
£122.5K	07/23	0.85 mi	4, Ariel Reach, Newport NP20 2FP	£2,042	60	2	Flat
£78K	04/21	0.85 mi	19, Forest Close, Newport NP19 8LX	£1,144	68	2	Flat
£130K	12/22	0.88 mi	15, Ariel Close, Newport NP20 2FN	-	-	2	Flat
£160K	09/23	0.92 mi	12, Alicia Close, Newport NP20 2FH	£1,720	93	2	Flat
£125K	01/23	0.92 mi	6, Argosy Way, Newport NP19 0DH	£1,984	63	2	Flat

Local Rents

16 rents from £750/mo to £1.7K/mo, average is £838/mo.

Rent	Date	Distance	Address	Beds	Type
£825	03/24	0.03 mi	Collingwood Avenue, Newport	2	Flat
£775	07/24	0.12 mi	Collingwood Crescent, NEWPORT	2	Flat
£750	02/24	0.14 mi	-	2	Flat
£895	02/24	0.14 mi	-	2	Terraced House
£800	07/24	0.15 mi	Somerton Lane, Newport	2	Terraced House
£800	07/24	0.18 mi	Cromwell Road, NEWPORT	2	Flat
£800	07/24	0.26 mi	Amy Johnson Close, Castell Mews	2	Flat
£800	03/24	0.29 mi	Alcock Close, Liswerry	2	Flat
£950	05/24	0.38 mi	-	2	Terraced House
£1,150	03/25	0.51 mi	-	2	Terraced House
£750	04/23	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	0.55 mi	-	2	Bungalow
£925	03/25	0.59 mi	-	2	Flat
£1,700	06/23	0.6 mi	-	2	Flat

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	0.30 miles away0.30 miles away
Nearest train station	1.67 miles away1.67 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 £105,000

March 8, 2025

Price changed to £110,000

December 4, 2024

Listed for £100,000

August 2, 2024

Description

Second floor apartment +
Two bedrooms +
Fitted kitchen +
Spacious living room +
Family bathroom with shower +
Security entry +
Off road parking +

Situated within a modern purpose built apartment block, located at the end of a cul de sac. This is a great opportunity to acquire a bright airy two bedroom apartment, with a pleasant outlook, a short distance from the thriving shopping areas of Newport City.
A well proportioned living room, leads on to the modern fitted kitchen area. Family bathroom with electric shower over bath, large master bedroom with a good sized second bedroom.
Offered for sale with no onward chain, this is too good an opportunity to miss.

Agents Note: New tenancy for 12 months commenced July 2024. £825.00 PCM

Book your appointment to view, telephone .

Agent Details

haart, Newport

01633 603498

Next Steps?

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

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CashflowsOpen in Analyser

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Local Area Statistics

Property History

Description

Agent Details

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