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Chepstow Road, Newport NP19 - Image 1
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Chepstow Road, Newport NP19

Wales

£240,000
Listed on 17/01/2024

Property Details

Bedrooms
4
Type
Semi-detached house
Area
1033 sqft

Description

This four-bedroom end terraced house presents an ideal opportunity for renovation and investment, located on the popular Chepstow Road in Newport. This property is poised for transformation, making it an attractive prospect for those looking to enhance its value through updates and reimagining. The prime location of this home is one of its standout features. Situated in a vibrant neighborhood, it provides easy access to various amenities including shops, supermarkets, cafes, restaurants, and schools. The lively atmosphere of Chepstow Road contributes to its desirability among both homebuyers and renters, ensuring the potential for strong rental demand and appreciation. As an end terraced house, this property benefits from additional natural light and enhanced privacy compared to standard terraced homes. The unique layout offers a spacious interior that includes a generous living room on the ground floor along with a sizeable bedroom, kitchen, and wet room. Upstairs are three well-proportioned bedrooms alongside the family bathroom, providing ample space for families or individuals seeking larger accommodations. Each bedroom can be customized according to modern tastes or turned into inviting guest rooms. The property serves as a blank canvas awaiting creative vision. With thoughtful renovations, there is significant potential to update the layouts and finishes, transforming this residence into a contemporary home that meets today’s standards. Investors with an eye for design will appreciate the opportunities available here. Additionally, outdoor space is available with secured gated parking for two vehicles and ample scope for future extensions at the rear, enhancing both functionality and appeal. Given its strategic placement and potential for upgrades, this property stands out as a compelling investment opportunity that could yield considerable returns in a thriving real estate market. Convenient transport links further support accessibility to surrounding areas, making it an even more promising project for both developers and investors alike.

Investment Analysis

(NP19 area)

Above Market Value

This property is priced +4.5% above area average per sq ft

+4.5%
This Property
£232/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£232
Avg Yield
5.5%

Renovation Potential

Est. Renovation Cost
£24,000 - £60,000
10-25% of property value
Target Value
£252,656
10% above area average per sq ft
Potential ROI
-15.8%
After renovation
Monthly Sales
43
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (NP19)

Area prices are stable by +0.6% over the last 12 months
3 year growth: 7.5%
5 year growth: 36.7%
Investment Disclaimer: Analysis based on NP19 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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 NP19
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