3 Bed Terraced House, Single Let, Newport, PO30 5RP, £100,000

Hinton Road, Newport, Isle of Wight, PO30 5RP - 2 views - a month ago

Sold STC
Auction
BTL
ROI: 20%
~93 m²
+2 photos

ValuationUndervalued

Sold Prices£149K - £360K
Sold Prices/m²£1.9K/m² - £4.5K/m²

 

 

Square Metres

~93 m²
Price/m²£1.1K/m²

Value Estimate

£121,000
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£6,200

Total Cash In

£31,200

 

 

Cash Out

 

Rent Range

£900 - £1,700

Rent Estimate

£1,075

Running Costs/mo

£548

Cashflow/mo

£528

Cashflow/yr

£6,330

ROI

20%

Gross Yield

13%

Local Sold Prices

50 sold prices from £149K to £360K, average is £259K. £1.9K/m² to £4.5K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£235K09/230.03 mi29, Westmill Road, Newport, Isle Of Wight PO30 5RG3
£235K02/210.03 mi11, Westmill Road, Newport, Isle Of Wight PO30 5RG3
£295K07/210.03 mi28, Westmill Road, Newport, Isle Of Wight PO30 5RG3
£240K03/240.04 mi10, Priors Walk, Newport, Isle Of Wight PO30 5RN3
£227K06/230.04 mi22, Priors Walk, Newport, Isle Of Wight PO30 5RW3
£230K12/200.08 mi11, Acacia Close, Newport, Isle Of Wight PO30 5FQ3
£300K07/210.08 mi1, Acacia Close, Newport, Isle Of Wight PO30 5FQ3
£265K07/240.08 mi13, Acacia Close, Newport, Isle Of Wight PO30 5FQ3
£265K05/240.08 mi4, Acacia Close, Newport, Isle Of Wight PO30 5FQ3
£267K10/230.08 mi12, Acacia Close, Newport, Isle Of Wight PO30 5FQ3
£190K04/210.09 mi37, Westmill Road, Newport, Isle Of Wight PO30 5RR3
£258K12/200.11 mi64, Hinton Road, Newport, Isle Of Wight PO30 5RA3
£229K12/200.11 mi4, Spindleberry Close, Newport, Isle Of Wight PO30 5FN3
£315K04/230.12 mi61, Sylvan Drive, Newport, Isle Of Wight PO30 5EQ3
£285K12/200.12 mi8, Silver Birch Drive, Newport, Isle Of Wight PO30 5AG3
£330K12/210.12 mi34, Mountbatten Drive, Newport, Isle Of Wight PO30 5SG3
£315K02/240.12 mi4, Kitbridge Road, Newport, Isle Of Wight PO30 5RF3
£310K10/210.13 mi130, Sylvan Drive, Newport, Isle Of Wight PO30 5EG3
£280K09/230.13 mi164, Sylvan Drive, Newport, Isle Of Wight PO30 5EG3
£275K05/230.15 mi24, Millfield Road, Newport, Isle Of Wight PO30 5RH3
£225K03/210.19 mi7, Hazel Close, Newport, Isle Of Wight PO30 5FG3
£300K12/220.21 mi1, Alderbury Road, Newport, Isle Of Wight PO30 5DR3
£270K10/210.22 mi10, Sunningdale Road, Newport, Isle Of Wight PO30 5DS3
£265K04/230.25 mi50, Snowberry Road, Newport, Isle Of Wight PO30 5EZ3
£250K03/210.25 mi39, Snowberry Road, Newport, Isle Of Wight PO30 5EZ3
£270K03/230.26 mi12, Brickfield Close, Newport, Isle Of Wight PO30 5GF3
£215K11/200.26 mi26, Brickfield Close, Newport, Isle Of Wight PO30 5GF3
£295K03/210.27 mi31, Wilver Road, Newport, Isle Of Wight PO30 5DT3
£345K12/210.27 mi27, Wilver Road, Newport, Isle Of Wight PO30 5DT3
£260K06/230.28 mi8, Bowdens Mead Close, Newport, Isle Of Wight PO30 5GZ3
£200K06/210.28 mi8, The Limes, Newport, Isle Of Wight PO30 5FT3
£230K06/230.29 mi41, Purdy Road, Newport, Isle Of Wight PO30 5SU3
£250K04/210.29 mi13, Purdy Road, Newport, Isle Of Wight PO30 5SU3
£202K03/210.29 mi37, Purdy Road, Newport, Isle Of Wight PO30 5SU3
£295K10/230.29 mi15, Purdy Road, Newport, Isle Of Wight PO30 5SU3
£360K11/200.29 mi10, Recreation Ground Road, Newport, Isle Of Wight PO30 5AH3
£185K03/210.3 mi52, Westminster Lane, Newport, Isle Of Wight PO30 5ZG3
£225K06/210.3 mi24, Aspen Close, Newport, Isle Of Wight PO30 5FJ3
£210K06/210.3 mi17, Aspen Close, Newport, Isle Of Wight PO30 5FJ3
£235K12/220.32 mi49, Westminster Lane, Newport, Isle Of Wight PO30 5ZF3
£340K05/230.32 mi11, Trevor Road, Newport, Isle Of Wight PO30 5DZ3
£325K11/220.33 mi34, Purdy Road, Newport, Isle Of Wight PO30 5SU3
£170K02/240.35 mi82, Caesars Road, Newport, Isle Of Wight PO30 5EA3
£149K03/210.35 mi57, Caesars Road, Newport, Isle Of Wight PO30 5EB3
£295K09/230.36 mi5, Winchat Close, Newport, Isle Of Wight PO30 5XP3
£210K11/200.37 mi21a, Cavendish Place, Newport, Isle Of Wight PO30 5AE3
£270K01/230.38 mi37, Dairy Crest Drive, Newport, Isle Of Wight PO30 5GG3
£240K07/240.38 mi33, Castle Road, Newport, Isle Of Wight PO30 1DT3
£205K03/210.38 mi53, Castle Road, Newport, Isle Of Wight PO30 1DT3
£195K02/210.38 mi14, Castle Road, Newport, Isle Of Wight PO30 1DT3

Local Rents

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

RentDateDistanceAddressBeds 
£1,57506/240.1 miSylvan Drive, Newport3
£1,15006/240.42 miLinnet Close, Newport3
£1,45006/240.45 miGoldcrest Close, Newport3
£90006/240.6 miPyle Street Newport PO303
£1,20012/240.63 miDrake Road, Newport3
£1,45006/240.64 miClatterford Road, Newport3
£1,15006/240.65 miElm Grove, Newport3
£1,27503/250.68 mi-3
£1,35006/240.72 mi-3
£1,70006/240.83 miWatergate Road, Newport3
£1,05006/241.06 miFurrlongs Newport PO303

Local Area Statistics

Population in PO30

29,065

Population in Newport

229,937

Town centre distance

121.68 miles away

Nearest school

0.20 miles away

Nearest train station

6.84 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £100,000

March 21, 2025

Floor Plans

Description

  • Buyers Fees apply - see brochure for details +
  • End of terrace house in need of renovation and repair throughout +
  • Great opportunity for any investors or someone wanting a project +
  • Good sized gardens and garage to the rear +
  • For sale by modern auction method - t's & c's apply +
  • Subject to an undisclosed reserve price - +

This end of terrace house is in need or repair and updating throughout, and should be viewed to fully understand the extent of works needed. Set on a good sized plot. Garage to the rear and large gardens. This would make a lovely home once completed! For sale by modern auction method - t & c's apply. Subject to an undisclosed reserve price - buyers fees apply

Room sizes:

  • Lounge: 17'10 x 14'10 (5.44m x 4.52m)
  • Kitchen: 14'11 x 7'4 (4.55m x 2.24m) plus 10'5 x 4'8 (3.18m x 1.42m)
  • Utility Area: 4'7 x 4'5 (1.40m x 1.35m)
  • Landing
  • Bedroom 1: 14'11 x 8'11 (4.55m x 2.72m)
  • Bedroom 2: 12'0 x 9'0 (3.66m x 2.75m)
  • Bedroom 3: 11'9 x 5'9 (3.58m x 1.75m)
  • Bathroom
  • Front Garden
  • Rear Garden
  • Garage  
    AUCTIONEER'S COMMENTS This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows 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, this being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation 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 go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £349 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. The seller can instruct iamsold to agree a sale without a bidding process taking place or prior to a closing date. No further bids can be accepted after a buyer has paid a Reservation Fee REFERRAL ARRANGEMENTS Pittis and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Pittis may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you. TO VIEW OR MAKE A BID - Contact Pittis _
     
    The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
     
    We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Pittis, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.
    _

Agent Details

Pittis, Newport

01983 212709

Next Steps?

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