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Newport PO30

South East

£245,000
Listed on 27/04/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
613 sqft

Description

This two-bedroom semi-detached bungalow, located on the sought-after Cook Avenue in Newport, offers a unique opportunity for renovation and investment potential. While the property is already charming and comfortable, it presents a canvas for those looking to personalize or expand their living space. Upon entering, you’ll find a bright and airy interior that includes a modern fitted kitchen and a spacious lounge area suitable for dining and relaxation. The two well-sized double bedrooms provide comfortable accommodations, while the overall layout lends itself to various lifestyle needs. With thoughtful updates, this home can truly shine. The exterior of the property features a generous driveway with ample parking space and a garage that could serve multiple purposes—be it additional storage or as a workshop. For those considering future developments, there's great potential in the large wrap-around garden. This outdoor area not only provides privacy but also invites possibilities for landscaping or even extending the existing living space (subject to relevant permissions). Situated close to reputable schools and local amenities, this bungalow also enjoys easy access to Newport town center. This location strikes an ideal balance between suburban tranquility and urban convenience, making it appealing for families, retirees, or investors alike. With its blend of charm and potential for value enhancement through renovations or extensions, this property stands out as a promising prospect. Early viewing is advised for anyone looking to explore its possibilities fully.

Investment Analysis

(PO30 area)

Above Market Value

This property is priced +45.7% above area average per sq ft

+45.7%
This Property
£400/sq ft
Area Average
£274/sq ft
Avg Rent (weekly)
£240
Avg Yield
4.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Target Value
£184,994
10% above area average per sq ft
Potential ROI
-28.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (PO30)

Area prices are stable by +0.6% over the last 12 months
3 year growth: 1.5%
5 year growth: 11.8%
Investment Disclaimer: Analysis based on PO30 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

Newport PO30
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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
£897
Based on a loan of £183,750 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