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Commercial Road, Newport

Wales

£90,000
Listed on 22/10/2024

Property Details

Bedrooms
2
Type
Flat
Area
753 sqft

Description

This first-floor apartment presents a solid foundation for those looking to invest in an area ripe with potential. Featuring two spacious double bedrooms, the layout allows for various configurations to suit personal preferences, making it particularly appealing for first-time buyers or investors seeking a renovation project. The generous living room offers ample space for relaxation and entertaining, while the family bathroom provides essential amenities that could benefit from modern updates. The property is equipped with gas central heating, ensuring year-round comfort, and features secure entry for added peace of mind. Located in the vibrant heart of Newport, this apartment is just a short walk from local shops and facilities, enhancing its appeal for both renters and owner-occupiers alike. With no onward chain, this property is a blank canvas waiting for your vision—an ideal opportunity to create a stylish home or capitalize on the investment potential in this growing neighborhood.

Investment Analysis

(NP20 area)

Below Market Value

This property is priced -47.1% below area average per sq ft

-47.1%
Potential saving
This Property
£120/sq ft
Area Average
£226/sq ft
Avg Rent (weekly)
£228
Avg Yield
5.3%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £10,000
Target Value
£187,072
10% above area average per sq ft
Potential ROI
+87.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (NP20)

Area prices are stable by +0.9% over the last 12 months
3 year growth: 7.0%
5 year growth: 19.7%
Investment Disclaimer: Analysis based on NP20 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

Commercial 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
£330
Based on a loan of £67,500 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