3 Bed Terraced House, Single Let, Newport, PO30 5HJ, £185,000

Newport, Isle of Wight, PO30 5HJ - 1 views - a month ago

Leasehold
BTL
ROI: 5%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£98K - £385K
Sold Prices/m²£662/m² - £3.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£216,591
BMV17%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£10,450

Total Cash In

£56,700

 

 

Cash Out

 

Rent Range

£900 - £1,700

Rent Estimate

£1,072

Running Costs/mo

£813

Cashflow/mo

£259

Cashflow/yr

£3,114

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £98K to £385K, average is £200K. £662/m² to £3.3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£200K08/230 mi24, Hunnyhill, Newport, Isle Of Wight PO30 5HJ3
£184K04/210 mi20, Hunnyhill, Newport, Isle Of Wight PO30 5HJ3
£196.5K05/240.06 mi43, Hookes Way, Newport, Isle Of Wight PO30 5HG3
£200K03/210.09 mi4a, Heytesbury Road, Newport, Isle Of Wight PO30 5JG3
£270K08/230.17 mi10 - 11, Crocker Street, Newport, Isle Of Wight PO30 5BX3
£185K07/210.17 mi4, Albany Road, Newport, Isle Of Wight PO30 5JE3
£190K02/210.17 mi27, Sylvan Drive, Newport, Isle Of Wight PO30 5QR3
£207K03/210.17 mi29, Sylvan Drive, Newport, Isle Of Wight PO30 5QR3
£185K07/230.18 mi89, Hunnyhill, Newport, Isle Of Wight PO30 5HN3
£120K03/230.18 mi3, Sea Street, Newport, Isle Of Wight PO30 5BU3
£181K06/240.21 mi36, Worsley Road, Newport, Isle Of Wight PO30 5JD3
£135K07/230.21 mi64, Worsley Road, Newport, Isle Of Wight PO30 5JD3
£115K04/230.21 mi68, Worsley Road, Newport, Isle Of Wight PO30 5JD3
£190K04/230.24 mi8, Catherine Terrace, Newport, Isle Of Wight PO30 5HW3
£251K07/230.24 mi28, Sea Street, Newport, Isle Of Wight PO30 5BW3
£385K12/220.26 mi3, Blackthorn Close, Newport, Isle Of Wight PO30 5FE3
£170K05/230.27 mi14, Hearn Street, Newport, Isle Of Wight PO30 5EH3
£200K11/230.27 mi6, Maple Drive, Newport, Isle Of Wight PO30 5QP3
£270K01/230.29 mi37, Dairy Crest Drive, Newport, Isle Of Wight PO30 5GG3
£98K08/210.34 mi92, Albany Road, Newport, Isle Of Wight PO30 5HZ3
£245K04/210.34 mi71, Albany Road, Newport, Isle Of Wight PO30 5HZ3
£230K07/230.34 mi3, Hillside, Newport, Isle Of Wight PO30 2EB3
£230K04/230.34 mi15, Carisbrooke Road, Newport, Isle Of Wight PO30 1BJ3
£185K02/210.34 mi10, Drill Hall Road, Newport, Isle Of Wight PO30 5AB3
£210K06/210.34 mi14, Drill Hall Road, Newport, Isle Of Wight PO30 5AB3
£260K08/210.34 mi122, Worsley Road, Newport, Isle Of Wight PO30 5JB3
£200K06/210.36 mi8, The Limes, Newport, Isle Of Wight PO30 5FT3
£225K06/210.37 mi24, Aspen Close, Newport, Isle Of Wight PO30 5FJ3
£210K06/210.37 mi17, Aspen Close, Newport, Isle Of Wight PO30 5FJ3
£215K11/200.38 mi26, Brickfield Close, Newport, Isle Of Wight PO30 5GF3
£170K02/240.38 mi82, Caesars Road, Newport, Isle Of Wight PO30 5EA3
£270K03/230.38 mi12, Brickfield Close, Newport, Isle Of Wight PO30 5GF3
£140K03/240.38 mi44, Clifford Street, Newport, Isle Of Wight PO30 5AD3
£176K12/230.38 mi22, Clifford Street, Newport, Isle Of Wight PO30 5AD3
£182K04/230.39 mi17, Chapel Street, Newport, Isle Of Wight PO30 1PY3
£265K04/230.39 mi50, Snowberry Road, Newport, Isle Of Wight PO30 5EZ3
£250K03/210.39 mi39, Snowberry Road, Newport, Isle Of Wight PO30 5EZ3
£277K12/230.39 mi1, Whitesmith Road, Newport, Isle Of Wight PO30 5HY3
£275K09/230.39 mi31, Whitesmith Road, Newport, Isle Of Wight PO30 5HY3
£149K03/210.4 mi57, Caesars Road, Newport, Isle Of Wight PO30 5EB3
£235K12/220.4 mi49, Westminster Lane, Newport, Isle Of Wight PO30 5ZF3
£185K03/210.4 mi52, Westminster Lane, Newport, Isle Of Wight PO30 5ZG3
£260K06/230.41 mi8, Bowdens Mead Close, Newport, Isle Of Wight PO30 5GZ3
£138K01/210.43 mi54, New Street, Newport, Isle Of Wight PO30 1PX3
£350K12/230.43 mi5, Coppins Close, Newport, Isle Of Wight PO30 2DA3
£210K11/200.43 mi21a, Cavendish Place, Newport, Isle Of Wight PO30 5AE3
£225K03/210.45 mi7, Hazel Close, Newport, Isle Of Wight PO30 5FG3
£145K01/210.46 mi44, Victoria Road, Newport, Isle Of Wight PO30 2HB3
£158K10/200.46 mi3, Portland Street, Newport, Isle Of Wight PO30 1QQ3
£160.5K12/200.47 mi18, Trafalgar Road, Newport, Isle Of Wight PO30 1QE3

Local Rents

17 rents from £900/mo to £1.7K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,35006/240.2 mi-3
£90006/240.31 miPyle Street Newport PO303
£1,20012/240.54 miDrake Road, Newport3
£1,27503/250.59 mi-3
£1,57506/240.6 miSylvan Drive, Newport3
£1,05006/240.66 miFurrlongs Newport PO303
£1,17512/240.69 miFairmount Drive, Newport3
£1,15006/240.75 miElm Grove, Newport3
£1,70006/240.86 miWatergate Road, Newport3
£1,30007/240.92 mi-3
£1,30007/240.92 mi-3
£1,30006/240.92 miGodric Road, Newport, PO303
£1,07506/240.97 miGodric Road, Newport3
£1,22506/240.98 miWintergreen Gardens, Newport3
£1,15006/241.06 miLinnet Close, Newport3
£1,45006/241.09 miGoldcrest Close, Newport3
£1,45006/241.24 miClatterford Road, Newport3

Local Area Statistics

Population in PO30

29,065

Population in Newport

229,937

Town centre distance

122.14 miles away

Nearest school

0.30 miles away

Nearest train station

6.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £185,000

March 19, 2025

Floor Plans

Description

  • 2 Double bedrooms + Loft Room +
  • Well sized rear garden +
  • Spacious lounge/diner +
  • Recently fitted kitchen and bathroom +
  • Walking distance of town centre +
  • Chain Free +

The ideal purchase for any first time buyers, buy to let investor or perhaps you are simply looking to make use of this super convenient location.

Walking distance of the Newport High Street, with its large offering of shops, cafes and restaurants. The property also benefits from a Sainsburys, Lidl, St Mary's Hospital, IW College, Industrial Estate & Gym and B&Q close by, with a regular bus service and popular cycle track all on the doorstep too!

The vendor has ensured the property has undergone extensive works since their ownership and includes the roof, kitchen and bathroom. The property benefits from an upgrade to the heating system, including a boiler which is approximately three years old and offers a remainder of the warranty, further to this the radiators have also been replaced. The Property has also seen a new, UPVC back door fitted too. There has also been an upgraded water supply with meter.

Internally, the property is surprisingly spacious with a large lounge/diner for socialising with friends and family. The kitchen and bathroom, both modern and recently fitted. The first floor offers two double bedrooms which are well decorated, whilst further to this there is the added bonus of a loft room too.

Outside, the garden is a private and sunny space which has plenty of potential for the next lucky owner to make their own.

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

Agent Details

Trigghomes, Newport

01983 525710

Next Steps?

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