2 Bed Flat, Single Let, Newport, PO30 1RH, £117,500

Newport, Isle of Wight, PO30 1RH - 2 months ago

Sold STC
Leasehold
BTL
ROI: 10%
~68 m²
+4 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.7K/m²

Value Estimate

£144,525
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£29,375

Stamp Duty & Legal Fees

£7,075

Total Cash In

£36,450

 

 

Cash Out

 

Rent Range

£750 - £1,250

Rent Estimate

£850

Running Costs/mo

£557

Cashflow/mo

£293

Cashflow/yr

£3,514

ROI

10%

Gross Yield

9%

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 
£116K12/200.01 mi11, Chandler Close, Newport, Isle Of Wight PO30 1RH2
£125K03/210.32 miFlat 7, Field Court, Carisbrooke Road, Newport, Isle Of Wight PO30 1DA2
£275K09/210.36 mi1, Hinton Road, Newport, Isle Of Wight PO30 5QZ2
£145K10/200.47 mi28, Sydney Close, Newport, Isle Of Wight PO30 1YG2
£142.5K03/210.47 mi13, Sydney Close, Newport, Isle Of Wight PO30 1YG2
£145K02/210.47 mi26, Sydney Close, Newport, Isle Of Wight PO30 1YG2
£245K03/210.47 mi13, Fieldfare Road, Newport, Isle Of Wight PO30 5YB2
£126K08/220.51 miFlat 7, Linington Court, Union Street, Newport, Isle Of Wight PO30 1RS2
£157K11/220.53 miFlat 2, Shide Court, Shide Road, Newport, Isle Of Wight PO30 1YJ2
£155K03/230.58 mi34b, Hearn Street, Newport, Isle Of Wight PO30 5EH2
£270K05/210.62 miFlat 48, Somers Brook Court, Foxes Road, Newport, Isle Of Wight PO30 5UN2
£150K01/240.62 miSomers Brook Court, Flat 47, Foxes Road, Newport, Isle Of Wight PO30 5UN2
£130K01/240.62 miSomers Brook Court, Flat 40, Foxes Road, Newport, Isle Of Wight PO30 5UN2
£115K11/210.64 miFlat 39, Homewight House, Crocker Street, Newport, Isle Of Wight PO30 5GA2
£125.5K09/220.64 miFlat 10, Homewight House, Crocker Street, Newport, Isle Of Wight PO30 5GA2
£125K05/230.64 miFlat 26, Homewight House, Crocker Street, Newport, Isle Of Wight PO30 5GA2
£129K07/230.87 mi6, Redver Gardens, Newport, Isle Of Wight PO30 5JJ2
£215K08/211.31 miFlat 1, Blackwater House, Blackwater Road, Newport, Isle Of Wight PO30 3BE2
£174K05/211.31 miFlat 2, Blackwater House, Blackwater Road, Newport, Isle Of Wight PO30 3BE2
£175K08/211.36 mi108, Staplers Road, Newport, Isle Of Wight PO30 2GD2
£331K05/211.48 mi2, Buckbury Close, Newport, Isle Of Wight PO30 2NN2
£110K09/231.6 mi18, Harris Road, Newport, Isle Of Wight PO30 5NN2
£125K09/231.6 mi17, Harris Road, Newport, Isle Of Wight PO30 5NN2
£120K07/211.72 miFlat 28, The Lawns, Fairlee Road, Newport, Isle Of Wight PO30 2PT2
£137.5K05/231.72 miFlat 28, The Lawns, Fairlee Road, Newport, Isle Of Wight PO30 2PT2

Local Rents

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

RentDateDistanceAddressBeds 
£92512/240.36 mi-2
£97506/240.38 miNewport, Isle Of Wight2
£85006/240.45 mi-2
£82506/240.46 miNew Street Newport PO302
£75006/240.49 miCross Street, Newport2
£82503/250.5 mi-2
£85006/240.52 miUpper St. James Street, Newport2
£95002/250.6 mi-2
£95012/240.63 miHigh Street, Newport2
£1,25012/240.63 mi-2
£1,20012/240.73 mi-2
£1,25001/250.73 mi-2
£95006/240.74 miKestrel Way, Newport2
£95003/250.77 mi-2
£95001/250.77 mi-2
£97506/240.83 miNewport, Isle Of Wight2
£95001/250.87 mi-2
£1,02506/240.87 miAsh Road, Newport2
£97506/240.92 miGreen Street, Newport2
£1,02501/251.03 mi-2
£87506/241.05 miStaplers Road, Newport2

Local Area Statistics

Population in PO30

29,065

Population in Newport

229,937

Town centre distance

122.03 miles away

Nearest school

0.30 miles away

Nearest train station

6.67 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £117,500

February 25, 2025

Floor Plans

Description

  • ** SSTC PRIOR TO MARKETING ** +
  • Ground Floor Flat +
  • 2 Bedrooms +
  • Resident Parking +
  • Communal Grounds +
  • Close to Newport Town Centre +

SSTC PRIOR TO MARKETING This charming 2-bedroom ground floor apartment offers a comfortable and convenient living space in a highly sought-after location. Situated just a stone’s throw away from the vibrant town centre of Newport, the property is ideally placed for easy access to local amenities, shops, and transport links.

Inside, the apartment features two well-proportioned bedrooms, perfect for singles, couples, or small families. The separate kitchen is spacious and offers the potential for modern updates to suit your personal taste. The bright and airy living areas provide an ideal setting for relaxing and entertaining.

The apartment also benefits from a separate bathroom, ensuring both privacy and comfort for its residents. Outside, the property offers communal grounds, ideal for enjoying the outdoors, as well as dedicated residents parking for convenience.

With its prime location near the town centre, this property offers easy access to everything Newport has to offer, including schools, parks, and public transport, making it an ideal choice for those seeking both comfort and convenience.

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

Agent Details

Trigghomes, Newport

01983 525710

Next Steps?

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