2 Bed Flat, Single Let, Newport, NP10 9DF, £115,000

Keene Avenue, Rogerstone, Newport. NP10 9DF - 4 views - 8 months ago

Sold STC

Leasehold

BTL

ROI: 9%

~68 m²

+5 photos

ValuationUndervalued

Sold Prices	£94.5K - £182.5K
Sold Prices/m²	£1.3K/m² - £2.3K/m²

Square Metres	~68.11 m²
Price/m²	£1.7K/m²
Value Estimate	£134,436£134,436
BMV	3%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£28,750£28,750
Stamp Duty & Legal Fees	£5,100£5,100
Total Cash In	£33,850£33,850

Cash Out
Rent Range	£800 - £1,600£800 - £1,600
Rent Estimate	£890
Running Costs/mo	£557£557
Cashflow/mo	£333£333
Cashflow/yr	£3,992£3,992
ROI	12%12%
Gross Yield	9%9%

Local Sold Prices

23 sold prices from £94.5K to £182.5K, average is £132.5K. £1.3K/m² to £2.3K/m², average is £2.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£125K	09/23	0.03 mi	12, Blackbirds Close, Rogerstone, Newport NP10 9DG	£2,232	56	2	Flat
£115K	09/21	0.03 mi	40, Blackbirds Close, Rogerstone, Newport NP10 9DG	-	-	2	Flat
£120K	10/23	0.03 mi	16, Blackbirds Close, Rogerstone, Newport NP10 9DG	£2,182	55	2	Flat
£102K	03/21	0.3 mi	Flat 3, Darran House, Golden Mile View, Newport NP20 3PB	-	-	2	Flat
£132.5K	03/24	0.32 mi	Fosmaen House, Flat 3, Golden Mile View, Newport NP20 3PD	£2,208	60	2	Flat
£100K	12/20	0.33 mi	Flat 2, Graig Fawr House, Golden Mile View, Newport NP20 3PE	-	-	2	Flat
£142.5K	04/22	0.34 mi	104, Ebenezer Drive, Rogerstone, Newport NP10 9BY	£2,065	69	2	Flat
£144.9K	10/22	0.34 mi	Flat 4, Griffin House, Golden Mile View, Newport NP20 3PF	-	-	2	Flat
£115K	10/22	0.35 mi	Flat 2, Llyn House, Golden Mile View, Newport NP20 3PJ	-	-	2	Flat
£137K	10/22	0.36 mi	Flat 6, Llyn House, Golden Mile View, Newport NP20 3PJ	-	-	2	Flat
£118K	06/21	0.37 mi	Flat 6, Marine House, Golden Mile View, Newport NP20 3PL	£1,844	64	2	Flat
£158K	11/20	0.39 mi	60, Rhymney Way, Bassaleg, Newport NP10 8FP	£2,194	72	2	Flat
£139K	03/24	0.39 mi	Rose Heyworth House, Flat 4, Golden Mile View, Newport NP20 3PW	£2,317	60	2	Flat
£137.5K	01/23	0.39 mi	Flat 3, Ty Trist House, Golden Mile View, Newport NP20 3QA	-	-	2	Flat
£140K	04/23	0.4 mi	22, Ruperra Close, Bassaleg, Newport NP10 8NP	£2,188	64	2	Flat
£94.5K	03/23	0.46 mi	27, Thornbury Park, Rogerstone, Newport NP10 9DP	£1,302	73	2	Flat
£130K	11/23	0.72 mi	14, Joyce Close, Newport NP20 3JD	-	-	2	Flat
£142.8K	05/22	0.77 mi	Flat 7, Highfield Court, Foxwood Close, Bassaleg, Newport NP10 8QB	-	-	2	Flat
£110K	09/23	0.78 mi	135, Shakespeare Crescent, Newport NP20 3JA	£1,599	69	2	Flat
£128K	02/23	0.78 mi	117, Shakespeare Crescent, Newport NP20 3JA	£1,882	68	2	Flat
£150K	06/22	0.8 mi	Flat 24, Foxwood Court, Foxwood Close, Bassaleg, Newport NP10 8PQ	-	-	2	Flat
£160K	12/20	0.8 mi	Flat 12, Foxwood Court, Foxwood Close, Bassaleg, Newport NP10 8PQ	-	-	2	Flat
£182.5K	12/23	0.8 mi	Flat 14, Foxwood Court, Foxwood Close, Bassaleg, Newport NP10 8PQ	-	-	2	Flat

Local Rents

14 rents from £800/mo to £1.6K/mo, average is £900/mo.

Rent	Date	Distance	Address	Beds	Type
£800	11/24	0.02 mi	-	2	Flat
£1,200	12/24	0.18 mi	-	2	Terraced House
£1,600	01/25	0.18 mi	-	2	Terraced House
£1,600	01/25	0.18 mi	-	2	Terraced House
£1,600	02/25	0.18 mi	-	2	Terraced House
£875	01/25	0.33 mi	-	2	Flat
£900	08/24	0.36 mi	Golden Mile View	2	Flat
£875	06/24	0.37 mi	Golden Mile View	2	Flat
£1,050	08/24	0.39 mi	Rhymney Way, Bassaleg, NEWPORT	2	Terraced House
£900	06/24	0.39 mi	Ruperra Close, Bassaleg,	2	Flat
£890	07/24	0.4 mi	Golden Mile View, Newport, NP20	2	Flat
£890	08/24	0.4 mi	-	2	Flat
£925	02/25	0.4 mi	-	2	Flat
£900	08/24	0.41 mi	Churchmead, Bassaleg	2	Terraced House

Local Area Statistics

Population in NP10	23,41123,411
Population in Newport	229,937229,937
Town centre distance	55.76 miles away55.76 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.13 miles away0.13 miles away

Rental growth (12m)	+19%+19%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+33%+33%

Property History

Price changed to £115,000

December 4, 2024

Listed for £130,000

August 15, 2024

Description

FIRST FLOOR +
ideal first time buyer +
Ideal investment +
Rear garden +
Highly sought after residential area +
Gas fired central heating +
VIEWING IS HIGHLY RECOMMENDED +

Well presented 2 bedroom first floor flat
which also benefits from a rear garden.
The property is located in an highly sought
after residential area with access to local
schools and amenities.
Ideal first time purchase or investment.
VIEWING IS HIGHLY RECOMMENDED.

Agent Details

Davis & Sons, Newport

01633 603898

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

Links

Local Area Statistics

Property History

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents