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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 in Newport presents a promising opportunity for those looking to invest or create a personalized living space. Featuring two spacious double bedrooms, a generous living room, and a family bathroom, the layout is functional and suitable for both first-time buyers and seasoned investors. While the apartment requires some updating, it is equipped with gas central heating and benefits from a secure entry system. Its prime location allows residents easy access to local shops and amenities, enhancing its appeal for future tenants or buyers. The property is being sold with no onward chain, streamlining the purchase process for potential owners. With thoughtful renovations, this apartment could be transformed into a stylish retreat or an attractive rental unit in a desirable area. Don’t miss out on the chance to explore this investment potential—schedule your viewing today.

Investment Analysis

(NP20 area)

Below Market Value

This property is priced -46.4% below area average per sq ft

-46.4%
Potential saving
This Property
£120/sq ft
Area Average
£223/sq ft
Avg Rent (weekly)
£211
Avg Yield
4.4%

Renovation Potential

Est. Renovation Cost
£9,000 - £22,500
10-25% of property value
Target Value
£184,711
10% above area average per sq ft
Potential ROI
+64.2%
After renovation
Monthly Sales
39
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (NP20)

Area prices are stable by +1.8% over the last 12 months
3 year growth: 6.4%
5 year growth: 22.2%
Investment Disclaimer: Analysis based on NP20 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

Commercial Road, Newport
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