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2 Bed Flat, Single Let, Newport, PO30 5HD, £145,000

Newport, Isle of Wight, PO30 5HD - 1 views - 2 months ago

Leasehold
BTL
ROI: 6%
~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£2.1K/m²

Value Estimate

£171,771
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£5,550

Total Cash In

£41,800

 

 

Cash Out

 

Rent Range

£750 - £1,250

Rent Estimate

£850

Running Costs/mo

£643

Cashflow/mo

£207

Cashflow/yr

£2,483

ROI

6%

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 
£115K11/210.13 miFlat 39, Homewight House, Crocker Street, Newport, Isle Of Wight PO30 5GA2
£125.5K09/220.13 miFlat 10, Homewight House, Crocker Street, Newport, Isle Of Wight PO30 5GA2
£125K05/230.13 miFlat 26, Homewight House, Crocker Street, Newport, Isle Of Wight PO30 5GA2
£155K03/230.17 mi34b, Hearn Street, Newport, Isle Of Wight PO30 5EH2
£126K08/220.2 miFlat 7, Linington Court, Union Street, Newport, Isle Of Wight PO30 1RS2
£270K05/210.2 miFlat 48, Somers Brook Court, Foxes Road, Newport, Isle Of Wight PO30 5UN2
£150K01/240.2 miSomers Brook Court, Flat 47, Foxes Road, Newport, Isle Of Wight PO30 5UN2
£130K01/240.2 miSomers Brook Court, Flat 40, Foxes Road, Newport, Isle Of Wight PO30 5UN2
£129K07/230.29 mi6, Redver Gardens, Newport, Isle Of Wight PO30 5JJ2
£125K03/210.39 miFlat 7, Field Court, Carisbrooke Road, Newport, Isle Of Wight PO30 1DA2
£145K10/200.63 mi28, Sydney Close, Newport, Isle Of Wight PO30 1YG2
£142.5K03/210.63 mi13, Sydney Close, Newport, Isle Of Wight PO30 1YG2
£145K02/210.63 mi26, Sydney Close, Newport, Isle Of Wight PO30 1YG2
£157K11/220.66 miFlat 2, Shide Court, Shide Road, Newport, Isle Of Wight PO30 1YJ2
£275K09/210.68 mi1, Hinton Road, Newport, Isle Of Wight PO30 5QZ2
£116K12/200.69 mi11, Chandler Close, Newport, Isle Of Wight PO30 1RH2
£175K08/210.87 mi108, Staplers Road, Newport, Isle Of Wight PO30 2GD2
£245K03/210.93 mi13, Fieldfare Road, Newport, Isle Of Wight PO30 5YB2
£331K05/211.03 mi2, Buckbury Close, Newport, Isle Of Wight PO30 2NN2
£120K07/211.04 miFlat 28, The Lawns, Fairlee Road, Newport, Isle Of Wight PO30 2PT2
£137.5K05/231.04 miFlat 28, The Lawns, Fairlee Road, Newport, Isle Of Wight PO30 2PT2
£110K09/231.04 mi18, Harris Road, Newport, Isle Of Wight PO30 5NN2
£125K09/231.04 mi17, Harris Road, Newport, Isle Of Wight PO30 5NN2
£215K08/211.65 miFlat 1, Blackwater House, Blackwater Road, Newport, Isle Of Wight PO30 3BE2
£174K05/211.65 miFlat 2, Blackwater House, Blackwater Road, Newport, Isle Of Wight PO30 3BE2

Local Rents

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

RentDateDistanceAddressBeds 
£95012/240.06 miHigh Street, Newport2
£95003/250.09 mi-2
£95001/250.09 mi-2
£1,20012/240.1 mi-2
£1,25001/250.1 mi-2
£75006/240.19 miCross Street, Newport2
£85006/240.22 miUpper St. James Street, Newport2
£82506/240.23 miNew Street Newport PO302
£85006/240.25 mi-2
£95001/250.3 mi-2
£97506/240.34 miNewport, Isle Of Wight2
£95002/250.37 mi-2
£1,02506/240.38 miAsh Road, Newport2
£97506/240.44 miGreen Street, Newport2
£1,02501/250.45 mi-2
£87506/240.46 miStaplers Road, Newport2
£1,25012/240.5 mi-2

Links

Local Area Statistics

Population in PO30

29,065

Population in Newport

229,937

Town centre distance

122.24 miles away

Nearest school

0.40 miles away

Nearest train station

6.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £145,000

February 24, 2025

Description

  • Spacious Two Bedroom Split Level Apartment +
  • Town Centre Location +
  • Offered Chain Free +
  • Walking Distance of Shops & Bus Transport Links +
  • Shower Room & Bathroom +

Spacious Two-Bedroom Split-Level Apartment in Newport Town Centre – Chain-Free

Situated in the heart of Newport on the Isle of Wight, this well-presented two-bedroom split-level apartment offers a fantastic opportunity for first-time buyers or buy-to-let investors. Conveniently located within walking distance of all local amenities, shops, and transport links, this property combines comfort with practicality.

The split-level design provides a sense of space and character, while the well-proportioned bedrooms and living areas, along with a downstairs shower room and first floor bathroom, make it ideal for modern living. Offered chain-free, this apartment is ready for its next owner to move straight in or generate rental income.

Don’t miss out—contact us today to arrange a viewing!

Local Authority - Isle of Wight Council
Council Tax Band - A
Tenure - Leasehold

Agent Details

Trigghomes, Newport

01983 525710

Next Steps?

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

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