2 Bed Flat, Single Let, Newport, PO30 5HE, £112,500

St. James Street, Newport, Isle of Wight, PO30 5HE - a month ago

Leasehold

BTL

ROI: 11%

~68 m²

+11 photos

ValuationUndervalued

Sold Prices	£110K - £275K
Sold Prices/m²	£1.8K/m² - £3K/m²

Square Metres	~68.11 m²
Price/m²	£1.7K/m²
Value Estimate	£138,375£138,375
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£28,125£28,125
Stamp Duty & Legal Fees	£6,825£6,825
Total Cash In	£34,950£34,950

Cash Out
Rent Range	£750 - £1,250£750 - £1,250
Rent Estimate	£850
Running Costs/mo	£542£542
Cashflow/mo	£308£308
Cashflow/yr	£3,701£3,701
ROI	11%11%
Gross Yield	9%9%

Local Sold Prices

20 sold prices from £110K to £275K, average is £136.3K. £1.8K/m² to £3K/m², average is £2.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£115K	11/21	0.11 mi	Flat 39, Homewight House, Crocker Street, Newport, Isle Of Wight PO30 5GA	-	-	2	Flat
£125.5K	09/22	0.11 mi	Flat 10, Homewight House, Crocker Street, Newport, Isle Of Wight PO30 5GA	-	-	2	Flat
£125K	05/23	0.11 mi	Flat 26, Homewight House, Crocker Street, Newport, Isle Of Wight PO30 5GA	-	-	2	Flat
£155K	03/23	0.16 mi	34b, Hearn Street, Newport, Isle Of Wight PO30 5EH	£2,818	55	2	Flat
£270K	05/21	0.18 mi	Flat 48, Somers Brook Court, Foxes Road, Newport, Isle Of Wight PO30 5UN	-	-	2	Flat
£150K	01/24	0.18 mi	Somers Brook Court, Flat 47, Foxes Road, Newport, Isle Of Wight PO30 5UN	£1,948	77	2	Flat
£130K	01/24	0.18 mi	Somers Brook Court, Flat 40, Foxes Road, Newport, Isle Of Wight PO30 5UN	£1,806	72	2	Flat
£126K	08/22	0.24 mi	Flat 7, Linington Court, Union Street, Newport, Isle Of Wight PO30 1RS	-	-	2	Flat
£129K	07/23	0.24 mi	6, Redver Gardens, Newport, Isle Of Wight PO30 5JJ	£2,941	44	2	Flat
£125K	03/21	0.4 mi	Flat 7, Field Court, Carisbrooke Road, Newport, Isle Of Wight PO30 1DA	-	-	2	Flat
£145K	10/20	0.67 mi	28, Sydney Close, Newport, Isle Of Wight PO30 1YG	£2,458	59	2	Flat
£142.5K	03/21	0.67 mi	13, Sydney Close, Newport, Isle Of Wight PO30 1YG	£2,500	57	2	Flat
£145K	02/21	0.67 mi	26, Sydney Close, Newport, Isle Of Wight PO30 1YG	£2,544	57	2	Flat
£275K	09/21	0.69 mi	1, Hinton Road, Newport, Isle Of Wight PO30 5QZ	-	-	2	Flat
£157K	11/22	0.71 mi	Flat 2, Shide Court, Shide Road, Newport, Isle Of Wight PO30 1YJ	-	-	2	Flat
£116K	12/20	0.71 mi	11, Chandler Close, Newport, Isle Of Wight PO30 1RH	£2,148	54	2	Flat
£175K	08/21	0.89 mi	108, Staplers Road, Newport, Isle Of Wight PO30 2GD	£2,917	60	2	Flat
£245K	03/21	0.93 mi	13, Fieldfare Road, Newport, Isle Of Wight PO30 5YB	-	-	2	Flat
£110K	09/23	1 mi	18, Harris Road, Newport, Isle Of Wight PO30 5NN	£2,340	47	2	Flat
£125K	09/23	1 mi	17, Harris Road, Newport, Isle Of Wight PO30 5NN	£2,976	42	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£950	03/25	0.06 mi	-	2	Terraced House
£950	01/25	0.06 mi	-	2	Terraced House
£950	12/24	0.09 mi	High Street, Newport	2	Flat
£1,200	12/24	0.13 mi	-	2	Flat
£1,250	01/25	0.13 mi	-	2	Flat
£750	06/24	0.22 mi	Cross Street, Newport	2	Flat
£950	01/25	0.25 mi	-	2	Terraced House
£850	06/24	0.26 mi	Upper St. James Street, Newport	2	Flat
£825	06/24	0.27 mi	New Street Newport PO30	2	Terraced House
£850	06/24	0.28 mi	-	2	Bungalow
£950	02/25	0.35 mi	-	2	Flat
£975	06/24	0.36 mi	Newport, Isle Of Wight	2	Terraced House
£1,025	06/24	0.41 mi	Ash Road, Newport	2	Detached House
£1,025	01/25	0.41 mi	-	2	Terraced House
£875	06/24	0.47 mi	Staplers Road, Newport	2	Flat
£975	06/24	0.47 mi	Green Street, Newport	2	Semi-Detached House
£1,250	12/24	0.54 mi	-	2	Terraced House
£1,200	02/24	0.62 mi	-	2	Terraced House

Local Area Statistics

Population in PO30	29,06529,065
Population in Newport	229,937229,937
Town centre distance	122.21 miles away122.21 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	6.24 miles away6.24 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+25%+25%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+21%+21%

Property History

Listed for £112,500

March 21, 2025

Floor Plans

Description

CHAIN FREE +
Two Bedroom Split Level Apartment +
Large Private Garden +
Town Centre Location +
Gas Central Heating +
Double Glazing Throughout +

CHAIN FREE

Situated in the heart of bustling St James Street with all of Newport's amenities on your doorstep is this split level apartment offered to the market with no onward chain.

This character apartment is split over the ground & first floor.

On the ground floor the accommodation comprises a modern kitchen & lounge/diner with French doors leading to a large private garden.

Upstairs is a double bedroom, single bedroom and the bathroom with a generous walk-in shower.

Suiting a range of buyers - from those making their first step on the property ladder to portfolio landlords we highly recommending viewing this charming, centrally located apartment.

Disclaimer: All services/appliances have not and will not be tested

Agent Details

Watson Bull & Porter, Newport

01983 212538

Next Steps?

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

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