2 Bed Flat, Single Let, Newport, PO30 5EZ, £150,000

8 Yarmouth House, Snowberry Road, Newport - a month ago

Leasehold
BTL
ROI: 5%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£110K - £331K
Sold Prices/m²£1.8K/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£171,771
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£46,200

 

 

Cash Out

 

Rent Range

£750 - £1,250

Rent Estimate

£838

Running Costs/mo

£656

Cashflow/mo

£182

Cashflow/yr

£2,180

ROI

5%

Gross Yield

7%

Local Sold Prices

25 sold prices from £110K to £331K, average is £142.5K. £1.8K/m² to £3.5K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£270K05/210.22 miFlat 48, Somers Brook Court, Foxes Road, Newport, Isle Of Wight PO30 5UN2
£150K01/240.22 miSomers Brook Court, Flat 47, Foxes Road, Newport, Isle Of Wight PO30 5UN2
£130K01/240.22 miSomers Brook Court, Flat 40, Foxes Road, Newport, Isle Of Wight PO30 5UN2
£155K03/230.26 mi34b, Hearn Street, Newport, Isle Of Wight PO30 5EH2
£115K11/210.29 miFlat 39, Homewight House, Crocker Street, Newport, Isle Of Wight PO30 5GA2
£125.5K09/220.29 miFlat 10, Homewight House, Crocker Street, Newport, Isle Of Wight PO30 5GA2
£125K05/230.29 miFlat 26, Homewight House, Crocker Street, Newport, Isle Of Wight PO30 5GA2
£125K03/210.3 miFlat 7, Field Court, Carisbrooke Road, Newport, Isle Of Wight PO30 1DA2
£275K09/210.36 mi1, Hinton Road, Newport, Isle Of Wight PO30 5QZ2
£129K07/230.39 mi6, Redver Gardens, Newport, Isle Of Wight PO30 5JJ2
£126K08/220.45 miFlat 7, Linington Court, Union Street, Newport, Isle Of Wight PO30 1RS2
£116K12/200.58 mi11, Chandler Close, Newport, Isle Of Wight PO30 1RH2
£245K03/210.59 mi13, Fieldfare Road, Newport, Isle Of Wight PO30 5YB2
£145K10/200.81 mi28, Sydney Close, Newport, Isle Of Wight PO30 1YG2
£142.5K03/210.81 mi13, Sydney Close, Newport, Isle Of Wight PO30 1YG2
£145K02/210.81 mi26, Sydney Close, Newport, Isle Of Wight PO30 1YG2
£157K11/220.86 miFlat 2, Shide Court, Shide Road, Newport, Isle Of Wight PO30 1YJ2
£110K09/231.03 mi18, Harris Road, Newport, Isle Of Wight PO30 5NN2
£125K09/231.03 mi17, Harris Road, Newport, Isle Of Wight PO30 5NN2
£175K08/211.29 mi108, Staplers Road, Newport, Isle Of Wight PO30 2GD2
£120K07/211.34 miFlat 28, The Lawns, Fairlee Road, Newport, Isle Of Wight PO30 2PT2
£137.5K05/231.34 miFlat 28, The Lawns, Fairlee Road, Newport, Isle Of Wight PO30 2PT2
£331K05/211.45 mi2, Buckbury Close, Newport, Isle Of Wight PO30 2NN2
£215K08/211.82 miFlat 1, Blackwater House, Blackwater Road, Newport, Isle Of Wight PO30 3BE2
£174K05/211.82 miFlat 2, Blackwater House, Blackwater Road, Newport, Isle Of Wight PO30 3BE2

Local Rents

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

RentDateDistanceAddressBeds 
£95002/250.05 mi-2
£97506/240.26 miNewport, Isle Of Wight2
£75006/240.35 miCross Street, Newport2
£95001/250.39 mi-2
£95012/240.4 miHigh Street, Newport2
£82506/240.41 miNew Street Newport PO302
£85006/240.43 mi-2
£95003/250.45 mi-2
£95001/250.45 mi-2
£85006/240.49 miUpper St. James Street, Newport2
£1,02501/250.5 mi-2
£1,20012/240.52 mi-2
£1,25001/250.52 mi-2

Local Area Statistics

Population in PO30

29,065

Population in Newport

229,937

Town centre distance

121.83 miles away

Nearest school

0.10 miles away

Nearest train station

6.65 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £150,000

March 26, 2025

Floor Plans

Description

  • SMART, MODERN FIRST FLOOR FLAT - CHAIN FREE +
  • TWO BEDROOMS - ON EN-SUITE +
  • LIVING ROOM, OPEN PLAN TO FULLY INTEGRATED KITCHEN +
  • DECKED BALCONY; GCH AND UPCV D/G +
  • ALLOCATED PARKING SPACE +
  • LEASEHOLD - LEASE LENGTH 155 YEARS FROM 1/1/2007 +
  • CURRENT ANNUAL GROUND RENT £451.06 +
  • CURRENT ANNUAL SERVICE CHARGE £1637.14 +
  • COUNCIL TAX BAND - B +
  • EPC - B-82 +

Smart, modern first floor flat with balcony; GCH and UPVC double glazing. Two bedrooms - one en-suite; open plan living kitchen, with fully integrated appliances. Allocated parking space and offered Chain Free. Leasehold. Lease length 155 years from 1/1/2007. Current annual Ground Rent £451.06. Current annual service charge £1637.14. Council tax Band B. EPC - B-82

This smart first floor flat is located on the Sylvan Drive estate with good access to the amenities of Newport; bus routes and school. It is light and spacious with a decked balcony, benefitting from the afternoon sun. Warmed by gas central heating and with UPVC double glazing, the flat has two bedrooms - one en-suite; a separate bathroom and an open plan living/kitchen. The kitchen is fully integrated and the living room has french doors leading out to the decked balcony. In the communal car park, there is an allocated space for one car and the flat is offered chain free. Leasehold. Lease length 155 years from 1/1/2007. Current annual Ground Rent £451.06. Current annual service charge £1637.14. Council tax Band B. EPC - B-82

Secure Entrance Door To: -

Communal Hallway: - With stairs to first floor and personal door to the flat.

Entrance Hallway: - A bright, shaped entrance to the home, with window to front; built in storage/coat cupboard and separate cupboard housing the hot water cylinder. Doors to:

Living Room: - 4.65m x 3.48m (15'3" x 11'5") - A bright room in cream decor with window and french doors to rear, leading to the decked balcony. A large opening to one end, links to the:

Kitchen: - 3.46m max x 1.76m max (11'4" max x 5'9" max) - Fitted with a super range of glossy taupe fronted units with pale wooden effect worktops and dark splashback tiling. The kitchen is fully integrated with under counter oven; hob and concealed extractor hood; slimline dishwasher; washing machine and fridge/freezer. The stainless steel sink unit sits below the rear window, and there is a cupboard concealing the gas fired boiler.

Bedroom One: - 3.47m max x 3.46m max (11'4" max x 11'4" max) - A light double room in cream decor with large front window and door to:

En-Suite Shower Room: - 2.17m max x 1.90m max (7'1" max x 6'2" max) - With attractive warm cream tiling, the room is fitted with a white suite of WC; wash hand basin and separate shower enclosure.

Bedroom Two: - 3.47m x 2.35m inc wardrobes (11'4" x 7'8" inc ward - A single room currently set up as a study, with a wall of fitted wardrobes. Window to side.

Bathroom: - 2.38m max x 1.77m max (7'9" max x 5'9" max) - Fitted with a white suite of bath with mixer/tap shower spray; WC and wash hand basin. Large wall mounted mirrors sit above the bath and the wash hand basin.

Balcony: - The decked balcony at the rear of the flat provides a nice spot to sit out and enjoy the afternoon sun.

Parking: - There is a communal car park, with an allocated space for Flat 8. There are also two visitors spaces.

Disclaimer - These particulars are issued in good faith, but do not constitute representation of fact or form any part of any offer or contract. The Agents have not tested any apparatus, equipment, fittings or services and room measurements are given for guidance purposes only. Where maximum measurements are shown, these may include stairs and measurements into shower enclosures; cupboards; recesses and bay windows etc. Any video tour has contents believed to be accurate at the time it was made but there may have been changes since. We will always recommend a physical viewing wherever possible before a commitment to purchase is made.

Agent Details

Megan Baker Estate Agents, Cowes

01983 212601

Next Steps?

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