2 Bed Semi-Detached House, Single Let, Newport, PO30 5AZ, £150,000

Holyrood Street, Newport, Isle of Wight, PO30 5AZ - 3 views - 8 months ago

BTL
ROI: 5%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£120K - £230K
Sold Prices/m²£1.8K/m² - £3.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£165,580
BMV10%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£750 - £1,250

Rent Estimate

£838

Running Costs/mo

£656

Cashflow/mo

£182

Cashflow/yr

£2,180

ROI

5%

Gross Yield

7%

Local Sold Prices

49 sold prices from £120K to £230K, average is £170K. £1.8K/m² to £3.7K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£230K06/230.21 mi76, Lugley Street, Newport, Isle Of Wight PO30 5HA2
£157.5K03/210.21 mi43, Chapel Street, Newport, Isle Of Wight PO30 1PZ2
£190K04/240.22 mi41, Chapel Street, Newport, Isle Of Wight PO30 1PZ2
£192K01/230.22 mi44, Chapel Street, Newport, Isle Of Wight PO30 1PZ2
£189K02/210.23 mi11c, Hunnyhill, Newport, Isle Of Wight PO30 5HJ2
£180K04/240.23 mi29, Hunnyhill, Newport, Isle Of Wight PO30 5HJ2
£135K02/240.24 mi18, New Street, Newport, Isle Of Wight PO30 1PU2
£149K05/240.24 mi24, New Street, Newport, Isle Of Wight PO30 1PU2
£177K11/230.24 mi19, Chapel Street, Newport, Isle Of Wight PO30 1PY2
£150K02/240.25 mi15, Hearn Street, Newport, Isle Of Wight PO30 5EH2
£150K07/230.25 mi36, Hearn Street, Newport, Isle Of Wight PO30 5EH2
£190K11/220.26 mi24, Cross Street, Newport, Isle Of Wight PO30 1PT2
£137.5K12/200.26 mi10, Vicarage Walk, Newport, Isle Of Wight PO30 5JH2
£177.5K04/210.26 mi10, Hillside, Newport, Isle Of Wight PO30 2EB2
£165K01/240.26 mi22, Hillside, Newport, Isle Of Wight PO30 2EB2
£165K04/240.27 mi6a, Cross Street, Newport, Isle Of Wight PO30 1PT2
£160K07/240.27 mi6, Cross Street, Newport, Isle Of Wight PO30 1PT2
£170K05/230.27 mi5a, Cross Street, Newport, Isle Of Wight PO30 1PT2
£160K05/240.27 mi27, Cross Street, Newport, Isle Of Wight PO30 1PT2
£159.5K09/210.29 mi8, Ash Road, Newport, Isle Of Wight PO30 2AQ2
£200K11/220.29 mi48, Ash Road, Newport, Isle Of Wight PO30 2AQ2
£173.9K11/220.29 mi42, Hunnyhill, Newport, Isle Of Wight PO30 5HL2
£195K05/210.3 mi3, Trafalgar Road, Newport, Isle Of Wight PO30 1QD2
£175K06/210.3 mi15, Drill Hall Road, Newport, Isle Of Wight PO30 5AB2
£193K08/230.31 mi40, Hunnyhill, Newport, Isle Of Wight PO30 5HL2
£144K01/210.31 mi38, Hunnyhill, Newport, Isle Of Wight PO30 5HL2
£150K07/210.31 mi16, Trafalgar Road, Newport, Isle Of Wight PO30 1QE2
£207.5K08/230.31 mi24, Sylvan Drive, Newport, Isle Of Wight PO30 5QR2
£167.5K04/240.31 mi3, Heytesbury Road, Newport, Isle Of Wight PO30 5JG2
£200K02/230.32 mi12a, Heytesbury Road, Newport, Isle Of Wight PO30 5JG2
£180K11/210.32 mi19, Redver Gardens, Newport, Isle Of Wight PO30 5JJ2
£172K07/210.32 mi8, Redver Gardens, Newport, Isle Of Wight PO30 5JJ2
£160K03/240.32 mi15, Redver Gardens, Newport, Isle Of Wight PO30 5JJ2
£120K12/210.34 mi9, Clifford Street, Newport, Isle Of Wight PO30 5AD2
£156.5K04/210.34 mi18, Clifford Street, Newport, Isle Of Wight PO30 5AD2
£185K12/230.34 mi4, Clifford Street, Newport, Isle Of Wight PO30 5AD2
£210K07/210.36 mi21, St Johns Road, Newport, Isle Of Wight PO30 1LN2
£185K05/210.36 mi18, Portland Street, Newport, Isle Of Wight PO30 1QQ2
£160K07/210.36 mi32b, Caesars Road, Newport, Isle Of Wight PO30 5EA2
£165K06/210.36 mi30, Caesars Road, Newport, Isle Of Wight PO30 5EA2
£193K07/230.36 mi60, Caesars Road, Newport, Isle Of Wight PO30 5EA2
£187K12/210.36 mi18, Cavendish Place, Newport, Isle Of Wight PO30 5AE2
£161.5K11/230.37 mi37, Caesars Road, Newport, Isle Of Wight PO30 5EB2
£159K02/210.37 mi87, Caesars Road, Newport, Isle Of Wight PO30 5EB2
£158K03/210.37 mi45, Caesars Road, Newport, Isle Of Wight PO30 5EB2
£169K08/230.37 mi13, Pan Close, Newport, Isle Of Wight PO30 2AE2
£180K11/220.38 mi24, Fairlee Road, Newport, Isle Of Wight PO30 2EJ2
£168K04/210.38 mi36, Fairlee Road, Newport, Isle Of Wight PO30 2EJ2
£185K12/230.38 mi18, Fairlee Road, Newport, Isle Of Wight PO30 2EJ2

Local Rents

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

RentDateDistanceAddressBeds 
£1,20012/240.03 mi-2
£1,25001/250.03 mi-2
£95001/250.09 mi-2
£95003/250.09 mi-2
£95012/240.13 miHigh Street, Newport2
£85006/240.24 miUpper St. James Street, Newport2
£75006/240.26 miCross Street, Newport2
£82506/240.28 miNew Street Newport PO302
£85006/240.3 mi-2
£1,02506/240.3 miAsh Road, Newport2
£95001/250.33 mi-2
£97506/240.36 miGreen Street, Newport2
£87506/240.37 miStaplers Road, Newport2
£97506/240.42 miNewport, Isle Of Wight2
£95002/250.46 mi-2
£1,25012/240.48 mi-2
£1,02501/250.48 mi-2
£1,20002/240.55 mi-2
£1,10006/240.61 miCooper Road, Newport2

Local Area Statistics

Population in PO30

29,065

Population in Newport

229,937

Town centre distance

122.31 miles away

Nearest school

0.40 miles away

Nearest train station

6.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £150,000

September 5, 2024

Floor Plans

Description

  • ** TENANT-IN-SITU ** +
  • Potential Yield of Over 6.8% +
  • Two Bedroom House in Newport Town +
  • Residents Parking Permits Available +

Offered to the market with tenant-in-situ is this centrally located two bedroom house offering easy access to all of Newport's local amenities within a 2 minute, flat walk.

The accommodation is generously sized and the property has the potential to achieve over a 6.8% yield and is a ready-made investment.

Internally the accommodation comprises; large lounge/dining room, kitchen & bathroom downstairs whilst there are 2 double bedrooms upstairs.

We highly recommend viewing for any investors looking to add to their portfolio or even those purchasing their first buy-to-let property.

Agent Details

Watson Bull & Porter, Newport

01983 212538

Next Steps?

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