2 Bed Terraced House, Single Let, Newport, PO30 1JW, £140,000

139 Pyle Street, Newport, Isle of Wight PO30 1JW - 2 views - 2 months ago

Leasehold
BTL
ROI: 7%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£125K - £385K
Sold Prices/m²£1.7K/m² - £3.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£165,928
BMV19%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£750 - £1,250

Rent Estimate

£850

Running Costs/mo

£628

Cashflow/mo

£223

Cashflow/yr

£2,670

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £125K to £385K, average is £168.5K. £1.7K/m² to £3.3K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£159.5K09/210.13 mi8, Ash Road, Newport, Isle Of Wight PO30 2AQ2
£200K11/220.14 mi48, Ash Road, Newport, Isle Of Wight PO30 2AQ2
£177.5K04/210.23 mi10, Hillside, Newport, Isle Of Wight PO30 2EB2
£165K01/240.23 mi22, Hillside, Newport, Isle Of Wight PO30 2EB2
£169K08/230.23 mi13, Pan Close, Newport, Isle Of Wight PO30 2AE2
£157.5K03/210.27 mi43, Chapel Street, Newport, Isle Of Wight PO30 1PZ2
£190K04/240.28 mi41, Chapel Street, Newport, Isle Of Wight PO30 1PZ2
£192K01/230.28 mi44, Chapel Street, Newport, Isle Of Wight PO30 1PZ2
£162.5K03/230.29 mi57, Royal Exchange, Newport, Isle Of Wight PO30 2HN2
£209K01/240.29 mi32, Royal Exchange, Newport, Isle Of Wight PO30 2HN2
£125K12/200.29 mi39, Royal Exchange, Newport, Isle Of Wight PO30 2HN2
£147K05/210.29 mi19, Royal Exchange, Newport, Isle Of Wight PO30 2HN2
£170K03/230.29 mi1, Royal Exchange, Newport, Isle Of Wight PO30 2HN2
£154K06/230.29 mi17, Royal Exchange, Newport, Isle Of Wight PO30 2HN2
£143K08/230.29 mi53, Royal Exchange, Newport, Isle Of Wight PO30 2HN2
£177K11/230.31 mi19, Chapel Street, Newport, Isle Of Wight PO30 1PY2
£185K06/210.32 mi33, Victoria Road, Newport, Isle Of Wight PO30 2HB2
£145K10/230.32 mi50, Victoria Road, Newport, Isle Of Wight PO30 2HB2
£195K05/210.33 mi3, Trafalgar Road, Newport, Isle Of Wight PO30 1QD2
£135K02/240.33 mi18, New Street, Newport, Isle Of Wight PO30 1PU2
£149K05/240.33 mi24, New Street, Newport, Isle Of Wight PO30 1PU2
£180K11/220.33 mi24, Fairlee Road, Newport, Isle Of Wight PO30 2EJ2
£168K04/210.33 mi36, Fairlee Road, Newport, Isle Of Wight PO30 2EJ2
£185K12/230.33 mi18, Fairlee Road, Newport, Isle Of Wight PO30 2EJ2
£385K01/230.33 mi74, Medina Avenue, Newport, Isle Of Wight PO30 1HF2
£150K07/210.34 mi16, Trafalgar Road, Newport, Isle Of Wight PO30 1QE2
£190K11/220.35 mi24, Cross Street, Newport, Isle Of Wight PO30 1PT2
£230K06/230.35 mi76, Lugley Street, Newport, Isle Of Wight PO30 5HA2
£160K04/230.35 mi69, Clarence Road, Newport, Isle Of Wight PO30 1ER2
£210K07/210.36 mi21, St Johns Road, Newport, Isle Of Wight PO30 1LN2
£165K04/240.36 mi6a, Cross Street, Newport, Isle Of Wight PO30 1PT2
£160K07/240.36 mi6, Cross Street, Newport, Isle Of Wight PO30 1PT2
£170K05/230.36 mi5a, Cross Street, Newport, Isle Of Wight PO30 1PT2
£160K05/240.36 mi27, Cross Street, Newport, Isle Of Wight PO30 1PT2
£189K02/210.37 mi11c, Hunnyhill, Newport, Isle Of Wight PO30 5HJ2
£180K04/240.37 mi29, Hunnyhill, Newport, Isle Of Wight PO30 5HJ2
£150K02/240.39 mi15, Hearn Street, Newport, Isle Of Wight PO30 5EH2
£150K07/230.39 mi36, Hearn Street, Newport, Isle Of Wight PO30 5EH2
£257K11/230.39 mi18, Victoria Road, Newport, Isle Of Wight PO30 2HA2
£220K05/230.39 mi15, Victoria Road, Newport, Isle Of Wight PO30 2HA2
£290K02/230.4 mi4, Cynthia Grove, Newport, Isle Of Wight PO30 2JA2
£149K04/210.41 mi53, Cross Lane, Newport, Isle Of Wight PO30 2JW2
£185K08/240.41 mi53, Cross Lane, Newport, Isle Of Wight PO30 2JW2
£170K03/230.41 mi16, Albert Street, Newport, Isle Of Wight PO30 1EF2
£152K11/200.41 mi19, Albert Street, Newport, Isle Of Wight PO30 1EF2
£148K12/200.41 mi16, Albert Street, Newport, Isle Of Wight PO30 1EF2
£155K06/210.41 mi15, Albert Street, Newport, Isle Of Wight PO30 1EF2
£163.5K09/230.41 mi12, Albert Street, Newport, Isle Of Wight PO30 1EF2
£137.5K12/200.42 mi10, Vicarage Walk, Newport, Isle Of Wight PO30 5JH2
£180K10/210.42 mi63, St Johns Road, Newport, Isle Of Wight PO30 1LW2

Local Rents

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

RentDateDistanceAddressBeds 
£1,20012/240.14 mi-2
£1,25001/250.14 mi-2
£1,02506/240.14 miAsh Road, Newport2
£97506/240.21 miGreen Street, Newport2
£95001/250.25 mi-2
£95003/250.25 mi-2
£95012/240.25 miHigh Street, Newport2
£87506/240.26 miStaplers Road, Newport2
£85006/240.27 miUpper St. James Street, Newport2
£82506/240.35 miNew Street Newport PO302
£85006/240.35 mi-2
£75006/240.35 miCross Street, Newport2
£1,25012/240.38 mi-2
£95001/250.48 mi-2
£1,20002/240.51 mi-2
£97506/240.53 miNewport, Isle Of Wight2
£1,10006/240.54 miCooper Road, Newport2
£95002/250.61 mi-2
£1,02501/250.61 mi-2

Local Area Statistics

Population in PO30

29,065

Population in Newport

229,937

Town centre distance

122.47 miles away

Nearest school

0.20 miles away

Nearest train station

6.71 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £140,000

February 25, 2025

Floor Plans

Description

  • Historic Grade II listed 18th Century cottage +
  • Packed with period character and charm +
  • Arranged over three floors +
  • Potential to update and upgrade +
  • Convenient location in the centre of town +
  • Private, enclosed rear courtyard garden +
  • Off-street parking space for one vehicle +
  • Many original features including an open fire +
  • Close to local amenities and public transport links +
  • Offered for sale chain free +

A fabulous opportunity to acquire a Grade II listed end-of-terrace two-bedroom cottage in the heart of Newport, with a courtyard garden and a private off-street parking space.

Originally constructed in the late 1700s, 139 Pyle Street is a unique period cottage, filled with potential. The characterful façade, complete with chequered brickwork, sets the tone for the property, which comprises a kitchen and sitting room on the ground floor, a bedroom and shower room on the first floor, and a further bedroom on the top floor. Outside the cottage benefits from a courtyard garden and a rare town-centre parking space. The property offers potential to update, and retains period features such as the open fireplace in the living room and the ‘winder’ staircases that connect the three floors.

This home is set in the most convenient location in the principal town of Newport, perfectly positioned on a side street, close enough to enjoy the bustle of town centre living. The many services and amenities of Newport are right on the doorstep, including a wide range of shops, a cinema, restaurants and cafes, and the Southern Vectis bus station providing an extensive network of bus routes across the Island. The central location also provides easy access to mainland travel links, connecting to Southampton and Portsmouth.

Welcome To 139 Pyle Street - From popular Pyle Street, the charming white façade of No. 139, which has remained largely unchanged for over 200 years, retains its character, and creates a welcoming entrance into the cottage.

Sitting Room - 3.87m x 3.17m (12'8" x 10'4" ) - The sitting room is well proportioned and full of period character, with an exposed beam in the ceiling believed to have been an 18th Century ships timber, and a large fireplace with exposed brickwork. There is a window to the front aspect with frosted glass for privacy, a winding staircase to the first floor and a door to the kitchen.

Kitchen - 4.00m x 2.12m (13'1" x 6'11") - Light and bright, with a large window looking over the courtyard garden, the kitchen currently has fitted units and worktops to two walls, with a sink under the window, an integrated oven and hob, and tiled splashbacks.

First-Floor Landing - The period ‘winder’ staircase turns up to the first-floor landing, which has doors to bedroom one, the shower room, and a door to the staircase to the second floor.

Bedroom One - 4.07m x 3.15m max (13'4" x 10'4" max) - Arranged to make the most of the available space, the first-floor bedroom is neutrally decorated and has a window to the front aspect, looking over the local fire station grounds.

Shower Room - The shower room has a pedestal basin with a mirror cabinet over, a matching low-level WC and a walk-in shower to one end.

Bedroom Two - 4.34m x 3.03m under eaves (14'2" x 9'11" under eav - From the landing, a further winder staircase ascends to the top floor, which is spacious, despite having restricted head height due to the vaulted ceiling. Characterful exposed beams enhance the period charm of the room, and there is a window with rooftop views.

Outside - The private courtyard is paved, and is enclosed with attractive brick walls on two sides and a fence to the other. A gate leads out onto Langley Court, where there is also a private parking space which belongs to the cottage.

139 Pyle Street presents a fabulous opportunity to purchase a compact, period cottage, complete with outside space and parking, set in an extremely convenient town-centre location. An early viewing with the sole agent Susan Payne Property is highly recommended.

Additional Details - Tenure: Freehold (The private parking space is offered on a leasehold basis and attracts a small annual service charge for the upkeep of the communal car park)
Council Tax Band: B
Services: Mains water, electricity and drainage

Agent Notes:
The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures and fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. Susan Payne Property Ltd. Company no. 10753879.

Agent Details

Susan Payne Property, Wootton Bridge

01983 214783

Next Steps?

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