2 Bed Flat, Single Let, Newport, NP10 8EF, £145,000

Narberth Mews, Coedkernew, Newport, NP10 8EF - 2 months ago

Leasehold
Auction
BTL
ROI: 5%
~81 m²
+7 photos

ValuationUndervalued

Sold Prices£82K - £172K
Sold Prices/m²£1.4K/m² - £3.3K/m²

 

 

Square Metres

~80.80 m²
Price/m²£1.8K/m²

Value Estimate

£162,807
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£8,850

Total Cash In

£45,100

 

 

Cash Out

 

Rent Range

£750 - £1,100

Rent Estimate

£831

Running Costs/mo

£639

Cashflow/mo

£192

Cashflow/yr

£2,300

ROI

5%

Gross Yield

7%

Local Sold Prices

26 sold prices from £82K to £172K, average is £129K. £1.4K/m² to £3.3K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£140K04/210 mi7, Narberth Mews, Coedkernew, Newport NP10 8EF2
£161K09/220.04 mi21, Narberth Close, Coedkernew, Newport NP10 8EE2
£143.5K07/210.1 mi7, Llanidloes Mews, Newport NP10 8EL2
£150K05/230.1 mi9, Llanidloes Mews, Newport NP10 8EL2
£150K07/220.11 mi73, Grosmont Way, Newport NP10 8UQ2
£172K02/230.13 mi17, Pennard Close, Newport NP10 8EG2
£150K12/210.15 mi12, Llanidloes Mews, Newport NP10 8EL2
£110K03/231.45 mi77, Gaer Vale, Newport NP20 3HS2
£130K11/231.6 mi14, Joyce Close, Newport NP20 3JD2
£119K10/211.69 mi12, Arnold Close, Newport NP20 3HE2
£137.5K01/231.72 miFlat 3, Ty Trist House, Golden Mile View, Newport NP20 3QA2
£139K03/241.73 miRose Heyworth House, Flat 4, Golden Mile View, Newport NP20 3PW2
£107K07/231.73 mi2, Boswell Close, Newport NP20 3HG2
£118K06/211.73 miFlat 6, Marine House, Golden Mile View, Newport NP20 3PL2
£137K10/221.75 miFlat 6, Llyn House, Golden Mile View, Newport NP20 3PJ2
£110K09/231.75 mi135, Shakespeare Crescent, Newport NP20 3JA2
£115K10/221.76 miFlat 2, Llyn House, Golden Mile View, Newport NP20 3PJ2
£128K02/231.76 mi117, Shakespeare Crescent, Newport NP20 3JA2
£125K09/231.76 mi10, Browning Close, Newport NP20 3HH2
£144.9K10/221.77 miFlat 4, Griffin House, Golden Mile View, Newport NP20 3PF2
£100K12/201.77 miFlat 2, Graig Fawr House, Golden Mile View, Newport NP20 3PE2
£132.5K03/241.78 miFosmaen House, Flat 3, Golden Mile View, Newport NP20 3PD2
£102K03/211.8 miFlat 3, Darran House, Golden Mile View, Newport NP20 3PB2
£82K11/201.84 mi3, Aubrey Hames Close, Newport NP20 3AZ2
£82K11/201.84 mi3, Aubrey Hames Close, Newport NP20 3AZ2
£125K06/231.86 mi37, Byron Road, Newport NP20 3HL2

Local Rents

11 rents from £750/mo to £1.1K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£92502/250.08 mi-2
£85006/240.09 mi-2
£85006/240.13 miPennard Close, Newport, NP102
£1,00003/250.13 mi-2
£90006/240.2 miPowis Close, Newport2
£1,10006/240.33 miEdmundsbury Road, Duffryn, NEWPORT2
£90006/240.34 miThe Boulevards, Edmundsbury Road, Duffryn2
£75006/240.47 miProvidence House, Morgan Way2
£1,09506/240.53 mi-2
£95006/240.54 miManor Park, Newport, NP102
£82504/250.62 mi-2

Local Area Statistics

Population in NP10

23,411

Population in Newport

229,937

Town centre distance

55 miles away

Nearest school

0.30 miles away

Nearest train station

2.14 miles away

 

 

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+33%

Property History

Listed for £145,000

March 5, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • AUCTION END DATE IS THURSDAY 10TH APRIL 2025 AT 12PM +
  • TWO DOUBLE BEDROOMS +
  • SEPERATE DINING SPACE +
  • MASTER EN-SUITE +
  • ALLOCATED PARKING AND GARAGE +

SUMMARY
This immaculately presented flat is now on the market for sale. The property is in a sought-after location, boasting excellent public transport links, nearby schools, local amenities, and parks within walking distance.

DESCRIPTION
This immaculately presented flat is now on the market for sale. The property is in a sought-after location, boasting excellent public transport links, nearby schools, local amenities, and parks within walking distance. The property itself is well-presented, showing the care and attention to detail that has been invested in it.

Inside, the flat offers two spacious reception rooms, providing ample space for relaxation and entertainment. One of these rooms is open plan, offering a modern, flexible living space. The flat also includes a well-equipped kitchen, providing everything needed for modern living.

The property has two double bedrooms, one of which comes with the added benefit of an en-suite. This means there is ample space for a family, or it could serve as an ideal guest room or home office. There is also a main bathroom available.

One of the unique features that set this flat apart is the availability of parking and a single garage. This is a rare and sought-after feature for properties in the area and will certainly add to the convenience and appeal of living here.

In conclusion, this flat offers an excellent opportunity to secure a beautiful home in a desirable location. It combines style, comfort, and convenience, making it a truly attractive property.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. 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 £6600.00 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 property has a Buyer Information Pack containing documents about the property. 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 no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

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.

Hall 

Living Room 16' 6" x 12' 11" ( 5.03m x 3.94m )

Kitchen 9' 10" x 7' 1" ( 3.00m x 2.16m )

Dining Room 9' 10" x 6' 11" ( 3.00m x 2.11m )

Bedroom 1 10' 2" x 9' 6" ( 3.10m x 2.90m )
Max Measurements

En-Suite 9' 10" x 8' 8" ( 3.00m x 2.64m )
Max Measurements

Bedroom 2  9' 10" x 10' ( 3.00m x 3.05m )

Bathroom 9' 10" x 8' 10" ( 3.00m x 2.69m )

We currently hold lease details as displayed above, should you require 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?

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