2 Bed Flat, Single Let, Newport, PO30 1BY, £135,000

Carisbrooke Road, Newport, Isle of Wight, PO30 1BY - 2 months ago

Leasehold
Auction
BTL
ROI: 7%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£110K - £331K
Sold Prices/m²£1.8K/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2K/m²

Value Estimate

£163,350
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,250

Total Cash In

£39,000

 

 

Cash Out

 

Rent Range

£750 - £1,250

Rent Estimate

£841

Running Costs/mo

£610

Cashflow/mo

£231

Cashflow/yr

£2,771

ROI

7%

Gross Yield

7%

Local Sold Prices

25 sold prices from £110K to £331K, average is £142.5K. £1.8K/m² to £3.5K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£125K03/210.05 miFlat 7, Field Court, Carisbrooke Road, Newport, Isle Of Wight PO30 1DA2
£155K03/230.21 mi34b, Hearn Street, Newport, Isle Of Wight PO30 5EH2
£126K08/220.22 miFlat 7, Linington Court, Union Street, Newport, Isle Of Wight PO30 1RS2
£270K05/210.25 miFlat 48, Somers Brook Court, Foxes Road, Newport, Isle Of Wight PO30 5UN2
£150K01/240.25 miSomers Brook Court, Flat 47, Foxes Road, Newport, Isle Of Wight PO30 5UN2
£130K01/240.25 miSomers Brook Court, Flat 40, Foxes Road, Newport, Isle Of Wight PO30 5UN2
£115K11/210.27 miFlat 39, Homewight House, Crocker Street, Newport, Isle Of Wight PO30 5GA2
£125.5K09/220.27 miFlat 10, Homewight House, Crocker Street, Newport, Isle Of Wight PO30 5GA2
£125K05/230.27 miFlat 26, Homewight House, Crocker Street, Newport, Isle Of Wight PO30 5GA2
£275K09/210.37 mi1, Hinton Road, Newport, Isle Of Wight PO30 5QZ2
£116K12/200.37 mi11, Chandler Close, Newport, Isle Of Wight PO30 1RH2
£129K07/230.5 mi6, Redver Gardens, Newport, Isle Of Wight PO30 5JJ2
£145K10/200.52 mi28, Sydney Close, Newport, Isle Of Wight PO30 1YG2
£142.5K03/210.52 mi13, Sydney Close, Newport, Isle Of Wight PO30 1YG2
£145K02/210.52 mi26, Sydney Close, Newport, Isle Of Wight PO30 1YG2
£157K11/220.58 miFlat 2, Shide Court, Shide Road, Newport, Isle Of Wight PO30 1YJ2
£245K03/210.61 mi13, Fieldfare Road, Newport, Isle Of Wight PO30 5YB2
£175K08/211.14 mi108, Staplers Road, Newport, Isle Of Wight PO30 2GD2
£110K09/231.24 mi18, Harris Road, Newport, Isle Of Wight PO30 5NN2
£125K09/231.24 mi17, Harris Road, Newport, Isle Of Wight PO30 5NN2
£331K05/211.28 mi2, Buckbury Close, Newport, Isle Of Wight PO30 2NN2
£120K07/211.37 miFlat 28, The Lawns, Fairlee Road, Newport, Isle Of Wight PO30 2PT2
£137.5K05/231.37 miFlat 28, The Lawns, Fairlee Road, Newport, Isle Of Wight PO30 2PT2
£215K08/211.53 miFlat 1, Blackwater House, Blackwater Road, Newport, Isle Of Wight PO30 3BE2
£174K05/211.53 miFlat 2, Blackwater House, Blackwater Road, Newport, Isle Of Wight PO30 3BE2

Local Rents

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

RentDateDistanceAddressBeds 
£97506/240.03 miNewport, Isle Of Wight2
£75006/240.16 miCross Street, Newport2
£82506/240.17 miNew Street Newport PO302
£85006/240.18 mi-2
£85006/240.26 miUpper St. James Street, Newport2
£95012/240.29 miHigh Street, Newport2
£95002/250.29 mi-2
£1,20012/240.41 mi-2
£1,25001/250.41 mi-2
£95003/250.42 mi-2
£95001/250.42 mi-2
£95001/250.5 mi-2
£1,25012/240.54 mi-2
£92512/240.6 mi-2

Local Area Statistics

Population in PO30

29,065

Population in Newport

229,937

Town centre distance

122.06 miles away

Nearest school

0.20 miles away

Nearest train station

6.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £135,000

February 20, 2025

Floor Plans

Description

  • Perfect First Time Buy +
  • 2 Double Bedrooms +
  • Shower Room +
  • Great Size Lounge +
  • Loft Storage +
  • Double Glazing & Central Heating +
  • Allocated Parking +

Entered through a secure entry door system, this apartment block is set in the heart of Newport, giving accessible access to all of the amenities on offer.

This two bedroom apartment is in great condition for the next owner to put their own stamp on it and should be viewed to fully appreciate the size and layout of this flat.

The lounge and kitchen area is set with great views of Newport. This is a great space for entertaining visiting family and friends or for everyday living.

Two good sized double bedroom and bathroom complete the accommodation.

The property includes residents parking to the rear

This property is offered through Modern Method of Auction and is subject to an undisclosed 'Reserve Price.' Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £445.00 inc. VAT towards the preparation cost of the pack. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Agent Details

Watson Bull & Porter, Newport

01983 212538

Next Steps?

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