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

Collingwood Avenue, Newport, NP19 0JT - 2 months ago

Sold STC
Leasehold
BTL
ROI: 9%
~68 m²
+8 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Total Cash In

£32,000

 

 

Cash Out

 

Rent Range

£750 - £1,700

Rent Estimate

£769

Running Costs/mo

£518

Cashflow/mo

£251

Cashflow/yr

£3,017

ROI

9%

Gross Yield

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.

PriceDateDistanceAddressBeds 
£110K05/230.07 mi39, Collingwood Crescent, Newport NP19 0JW2
£107.5K09/230.07 mi43, Collingwood Crescent, Newport NP19 0JW2
£93.5K01/230.26 mi34, Wright Close, Newport NP19 0RW2
£115K10/210.29 mi3, Lindbergh Close, Newport NP19 0RX2
£100K07/230.29 mi9, Lindbergh Close, Newport NP19 0RX2
£85K11/200.35 mi34, Colston Avenue, Newport NP19 0HD2
£130K01/230.39 miFlat 12, Pen Y Lan Court, Gibbs Road, Newport NP19 8AQ2
£124K06/210.4 miFlat 5, Pen-y-lan Court, Gibbs Road, Newport NP19 8AQ2
£112K02/230.48 miFlat 5, Rivendell Court, Corporation Road, Newport NP19 0GP2
£125K10/230.49 miFlat 8, Glanmor Court, Glanmor Crescent, Newport NP19 8AX2
£135K01/230.56 mi90, Amelia Way, Newport NP19 0LR2
£76K04/210.57 mi40, Broad Mead Park, Newport NP19 4PD2
£85K09/230.59 mi7, Walton Close, Newport NP19 9QW2
£133K10/210.62 miFlat 10, Millennium House, Millennium Walk, Newport NP19 0NY2
£120K08/230.74 mi254, Argosy Way, Newport NP19 0LP2
£117.5K02/210.74 mi248, Argosy Way, Newport NP19 0LP2
£114K11/200.74 mi246, Argosy Way, Newport NP19 0LP2
£111.5K10/200.74 mi258, Argosy Way, Newport NP19 0LP2
£125K10/220.74 mi244, Argosy Way, Newport NP19 0LP2
£140K10/230.75 mi8, Kensington Gardens, Newport NP19 8GD2
£118K08/210.76 mi115, Argosy Way, Newport NP19 0LE2
£150K01/210.76 mi202, Chepstow Road, Newport NP19 8EL2
£78K04/210.8 mi19, Forest Close, Newport NP19 8LX2
£100K01/210.84 mi22, Ariel Reach, Newport NP20 2FP2
£122.5K07/230.84 mi4, Ariel Reach, Newport NP20 2FP2
£130K12/220.87 mi15, Ariel Close, Newport NP20 2FN2
£125K01/230.89 mi6, Argosy Way, Newport NP19 0DH2
£160K09/230.9 mi12, Alicia Close, Newport NP20 2FH2

Local Rents

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

RentDateDistanceAddressBeds 
£82503/240.03 miCollingwood Avenue, Newport2
£77507/240.07 miCollingwood Crescent, NEWPORT2
£80007/240.11 miSomerton Lane, Newport2
£89502/240.15 mi-2
£75002/240.16 mi-2
£80007/240.16 miCromwell Road, NEWPORT2
£80007/240.29 miAmy Johnson Close, Castell Mews2
£80003/240.33 miAlcock Close, Liswerry2
£95005/240.37 mi-2
£1,15003/250.46 mi-2
£75004/230.52 mi-2
£92503/250.54 mi-2
£85006/240.54 miAmelia Way, NEWPORT2
£89508/240.54 miAmelia Way, NEWPORT2
£1,00006/240.6 mi-2
£1,70006/230.62 mi-2

Property History

Listed for £110,000

January 30, 2025

Description

  • SPACIOUS GROUND FLOOR APARTMENT +
  • GREAT TRANSPORT LINKS +
  • MODERN FITTED KITCHEN +
  • ALLOCATED PARKING TO REAR +

SUMMARY
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.

DESCRIPTION
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.

Hallway 

Lounge/Diner 14' 5" x 13' 7" ( 4.39m x 4.14m )

Kitchen 10' 3" x 5' 4" ( 3.12m x 1.63m )

Bedroom One 11' 5" x 9' 11" ( 3.48m x 3.02m )

Bedroom Two 9' 11" x 7' 2" ( 3.02m x 2.18m )

Bathroom 10' 3" x 6' 2" ( 3.12m x 1.88m )

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER PETER ALAN NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Pinkmove, Newport

01633 603349

Next Steps?

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