2 Bed Flat, Single Let, Newport, NP19 7FZ, £130,000

Somerset Road, Newport, NP19 7FZ - a month ago

Sold STC
Leasehold
BTL
ROI: 8%
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£50K - £176K
Sold Prices/m²£1K/m² - £2.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£110,240

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,700

Total Cash In

£40,200

 

 

Cash Out

 

Rent Range

£650 - £2,650

Rent Estimate

£850

Running Costs/mo

£596

Cashflow/mo

£254

Cashflow/yr

£3,045

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £50K to £176K, average is £117.8K. £1K/m² to £2.4K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£88.5K02/240.4 mi11, Vandyke Close, Newport NP19 7QZ2
£96K03/210.4 mi6, Vandyke Close, Newport NP19 7QZ2
£95K10/220.4 mi7, Vandyke Close, Newport NP19 7QZ2
£140K10/230.48 mi8, Kensington Gardens, Newport NP19 8GD2
£113K03/210.48 mi32a, Caerleon Road, Newport NP19 7BX2
£78K04/210.49 mi19, Forest Close, Newport NP19 8LX2
£150K01/210.53 mi202, Chepstow Road, Newport NP19 8EL2
£110K02/230.67 mi9, Tewkesbury Walk, Newport NP20 5HP2
£80K02/240.68 miThe Da Vinci, Flat 10, Copper Dome Mews, Newport NP19 0PX2
£158K12/220.68 miFlat 14, The Cardisco, Doric Mews, Newport NP19 0PZ2
£158.9K10/230.71 miFlat 14, The Mantegna, Edwardian Mews, Newport NP19 0QA2
£130.5K06/210.74 miFlat 4, Gwalia House, Amber Close, Newport NP19 0BB2
£139.5K07/230.74 miFlat 3, Gwalia House, Amber Close, Newport NP19 0BB2
£125K10/220.78 miFlat 1, Devonia House, Rodney Road, Newport NP19 0NQ2
£96K04/210.81 mi111, Beaufort Road, Newport NP19 7PB2
£133K10/210.89 miFlat 10, Millennium House, Millennium Walk, Newport NP19 0NY2
£125K01/230.92 mi6, Argosy Way, Newport NP19 0DH2
£130K01/230.96 miFlat 12, Pen Y Lan Court, Gibbs Road, Newport NP19 8AQ2
£124K06/210.96 miFlat 5, Pen-y-lan Court, Gibbs Road, Newport NP19 8AQ2
£125K10/231.04 miFlat 8, Glanmor Court, Glanmor Crescent, Newport NP19 8AX2
£90K03/211.08 mi17, Brynglas Court, Newport NP20 5QR2
£131K11/221.08 mi24, Brynglas Court, Newport NP20 5QR2
£118K08/211.08 mi115, Argosy Way, Newport NP19 0LE2
£84K11/201.1 mi16, Brynglas Close, Newport NP20 5QT2
£145K01/211.11 mi3a, Victoria Place, Newport NP20 4DZ2
£125K10/221.11 mi244, Argosy Way, Newport NP19 0LP2
£120K08/231.12 mi254, Argosy Way, Newport NP19 0LP2
£117.5K02/211.12 mi248, Argosy Way, Newport NP19 0LP2
£114K11/201.12 mi246, Argosy Way, Newport NP19 0LP2
£111.5K10/201.12 mi258, Argosy Way, Newport NP19 0LP2
£157.5K09/221.14 miFlat 7, St. Cecilia Court, Gold Tops, Newport NP20 4PH2
£150K05/211.15 miFlat 7, Kingshill Court, Stow Hill, Newport NP20 4DT2
£176K10/231.15 miFlat 16, Kingshill Court, Stow Hill, Newport NP20 4DT2
£100K04/211.18 mi10, Cathedral Court, Newport NP20 4EU2
£92.5K08/211.18 mi20, Cathedral Court, Newport NP20 4EU2
£107.5K11/211.18 mi2, Cathedral Court, Newport NP20 4EU2
£110K12/231.18 mi22, Cathedral Court, Newport NP20 4EU2
£110K05/231.19 mi39, Collingwood Crescent, Newport NP19 0JW2
£107.5K09/231.19 mi43, Collingwood Crescent, Newport NP19 0JW2
£110K02/211.19 mi18, Allt Yr Yn Crescent, Newport NP20 5GD2
£112K02/231.2 miFlat 5, Rivendell Court, Corporation Road, Newport NP19 0GP2
£135K01/231.2 mi90, Amelia Way, Newport NP19 0LR2
£160K09/231.22 mi12, Alicia Close, Newport NP20 2FH2
£98K04/211.25 mi458, Herbert Walk, Newport NP20 2HW2
£85K11/201.28 mi34, Colston Avenue, Newport NP19 0HD2
£50K11/211.31 mi13b, Blaen Y Pant Crescent, Newport NP20 5QB2
£100K01/211.34 mi22, Ariel Reach, Newport NP20 2FP2
£122.5K07/231.34 mi4, Ariel Reach, Newport NP20 2FP2
£130K12/221.35 mi15, Ariel Close, Newport NP20 2FN2
£150K03/231.4 mi19, Fields Park Court, Newport NP20 5BD2

Local Rents

48 rents from £650/mo to £2.6K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£85006/240.1 mi-2
£84004/250.12 mi-2
£97506/240.14 miDurham Road2
£90006/240.15 miDuckpool Road, Newport2
£85007/240.16 mi-2
£85002/250.16 mi-2
£87508/240.21 mi-2
£90006/240.21 mi-2
£85006/240.23 miOrchard Court, Caerleon Road, Newort2
£87509/240.26 mi-2
£95007/240.26 miOrchard Gardens, Newport, NP192
£95008/240.26 miOrchard Gardens, Newport, NP192
£95008/240.26 miOrchard Gardens, Newport, NP192
£95008/240.26 miOrchard Gardens, Newport, NP192
£95006/240.28 miSutton Road, NEWPORT2
£95003/250.28 mi-2
£85005/240.29 mi-2
£2,65004/240.32 mi-2
£1,25006/240.32 miRiverbank Avenue, Newport, NP192
£90007/240.33 miMaindee Parade, Newport, 2
£90006/240.34 miMaindee Parade, Newport2
£95006/240.34 mi-2
£95008/240.37 miSutton Road, NEWPORT2
£90006/240.37 mi-2
£1,10009/240.38 miVictoria Avenue, Newport2
£92507/240.38 mi-2
£92509/240.38 mi-2
£95001/250.38 mi-2
£99503/250.38 mi-2
£92506/240.38 miPrinces Mews, Newport, NP192
£92509/240.38 miPrinces Mews, Newport, NP192
£87507/240.38 miClayton Street, Newport2
£90007/240.39 mi-2
£90007/240.39 mi-2
£90006/240.39 miPrince Street, Newport, NP192
£90006/240.39 miPrince Street, Newport, NP192
£85006/240.42 miAttractive Terrace, Corelli Street, Newport2
£90008/240.43 miCorelli Street, Newport, NP192
£75007/240.43 miChepstow Road, Newport, NP19 8BY2
£92509/240.44 miCorelli Street, Newport, NP192
£65006/240.47 mi-2
£90001/250.51 mi-2
£78502/240.52 mi-2
£82503/240.53 miEast Usk Road, Newport2
£85008/240.53 miEast Usk Road, NEWPORT2
£80006/240.57 miChepstow Road, Newport2
£70006/240.57 miChepstow Road, Newport2
£1,10007/240.58 miArchibald Street,2

Local Area Statistics

Population in NP19

51,561

Population in Newport

229,937

Town centre distance

58.33 miles away

Nearest school

0.10 miles away

Nearest train station

0.98 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Seller's market

Capital growth (5yrs)

+47%

Property History

Listed for £130,000

March 12, 2025

Floor Plans

Description

  • GENEROUS GROUND FLOOR FLAT +
  • POPULAR CONVENIENT AREA +
  • TWO DOUBLE BEDROOMS +
  • RECEPTION ROOM +
  • KITCHEN AND BATHROOM +
  • ENCLOSED LEVEL GARDEN +
  • NICE ORIGINAL FEATURES +
  • HIGH CEILINGS & PERIOD FIREPLACE +
  • CLOSE TO ALL AMENITIES +
  • MUST BE VIEWED +

*BRIGHT SPACIOUS TWO BED GROUND FLOOR FLAT WITH CHARACTER AND FLEXIBLE 3 ROOM ACCOMMODATION, USED AT PRESENT AS A ONE BED BY ITS PRESENT OWNER, LEVEL ENCLOSED GARDEN WITH SOLE USE, CLOSE TO SHOPS* Great space in this ground floor flat with high ceilings and character features. Used currently as a one bedroom with two reception rooms the layout offers good flexibility. Close to shops, bus routes on Caerleon Road the well presented, forecourted property also has a level enclosed garden with sitting area and lawn. Accommodation is currently laid out as an entrance hall, a lounge with bay window and cornicework, a dining room with storage, a double bedroom again with cornice, a galley style kitchen in white, a lobby and a bathroom. 
Outside to the rear is an enclosed garden with exclusive use ( great for pets ). Good first purchase or investment. Gas central heating is via a combi boiler and the property is fully double glazed. Leasehold 999 years from 1983. ( Freehold available ). Council Tax Band B. EPC D65.

Agent Details

M2 Estate Agents, Newport

01633 603652

Next Steps?

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