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West Market Street, Newport, NP20 - Image 1
West Market Street, Newport, NP20 - Image 2
West Market Street, Newport, NP20 - Image 3
West Market Street, Newport, NP20 - Image 4
West Market Street, Newport, NP20 - Image 5

West Market Street, Newport, NP20

Wales

£150,000
Listed on 27/06/2024

Property Details

Bedrooms
N/A
Type
Detached house
Area
1929 sqft

Description

Hathways is pleased to present Cambrian House, a versatile property situated on West Market Street in Newport. This two-story building encompasses approximately 1,928 square feet of commercial space, providing a blank canvas for renovation or redevelopment. The layout currently includes four distinct rooms, a storage area equipped with roller doors, two kitchens, and separate restroom facilities. Internal hallways and a porch add to the functionality of the space. Located in the Pill area, the property benefits from its proximity to various city amenities. A short walk away, you'll find essential services including ASDA, HM Passport Office, and local judicial institutions such as the Newport Magistrates Court. Additionally, the Royal Gwent Hospital and Newport Student Village are nearby, making it an attractive location for businesses that cater to these communities. The accessibility of public transport options—train and bus stations—along with major road networks and easy access to the M4 corridor enhances its appeal for both customers and employees. This property presents a substantial investment opportunity for those looking to capitalize on its renovation potential. Whether you are an investor aiming to enhance the existing space or a business owner seeking to establish your own premises in a strategic location, Cambrian House offers possibilities worth exploring. An early internal inspection is recommended to fully appreciate what this property has to offer.

Investment Analysis

(NP20 area)

Below Market Value

This property is priced -65.0% below area average per sq ft

-65.0%
Potential saving
This Property
£78/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£219
Avg Yield
4.7%

Renovation Potential

Est. Renovation Cost
£15,000 - £37,500
10-25% of property value
Target Value
£471,380
10% above area average per sq ft
Potential ROI
+151.4%
After renovation
Monthly Sales
36
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (NP20)

Area prices are stable by +0.7% over the last 12 months
3 year growth: 7.6%
5 year growth: 22.5%
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

West Market Street, Newport, NP20
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