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Chepstow Road, Newport - Image 1
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Chepstow Road, Newport

Wales

£240,000
Listed on 13/09/2023

Property Details

Bedrooms
4
Type
Semi-detached house
Area
1033 sqft

Description

This four-bedroom end terraced house presents a compelling renovation and investment opportunity in a desirable area of Newport, specifically along the well-regarded Chepstow Road. This location offers convenient access to a variety of local amenities—shops, supermarkets, cafes, restaurants, and schools—which enhances its appeal for both homeowners and renters. As an end terraced property, this home benefits from additional natural light and extra privacy compared to its mid-terrace counterparts. Its design allows for strategic renovation choices that could elevate the living experience and potentially increase market value. The layout includes spacious communal areas on the ground floor, featuring a sizable living room, a large bedroom, a kitchen, and a wet room. Upstairs are three further bedrooms alongside a family bathroom. Each room is generously proportioned, providing ample space for potential customization—ideal for families or individuals seeking larger living spaces. Investors may find significant value in modernizing these rooms to fit contemporary tastes or creating inviting guest accommodations. The property serves as an excellent blank canvas for those looking to make impactful renovations. With thoughtful updates and design enhancements, this house can be transformed into an attractive modern residence that caters to current market demands. Additionally, there’s gated parking available for two vehicles along with potential space for further extensions at the rear, offering even more possibilities for expansion or outdoor enhancements. Coupled with excellent transport links nearby, this property stands as a promising investment in Newport's evolving residential landscape.

Investment Analysis

(NP19 area)

Above Market Value

This property is priced +3.6% above area average per sq ft

+3.6%
This Property
£232/sq ft
Area Average
£224/sq ft
Avg Rent (weekly)
£239
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£254,758
10% above area average per sq ft
Potential ROI
-20.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
52
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (NP19)

Area prices are stable by +1.2% over the last 12 months
3 year growth: 7.4%
5 year growth: 35.4%
Investment Disclaimer: Analysis based on NP19 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Chepstow Road, Newport
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£879
Based on a loan of £180,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE