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Medina Avenue, Newport, Isle of Wight

South East

£250,000
Listed on 19/08/2025

Property Details

Bedrooms
3
Type
Terraced House
Area
1022 sqft

Description

This terraced townhouse offers a wealth of renovation potential, situated conveniently close to Newport's local amenities and public transport links. The property retains some charming original features that could be highlighted in a thoughtful restoration. With a spacious layout comprising three bedrooms and multiple living areas, this home is ripe for modernization. The fully enclosed rear garden provides an opportunity for outdoor enhancements, making it a great investment for those looking to personalize their space or create a rental opportunity in this desirable central location. Given the current condition and the need for updates, this property holds promise for creating significant value after refurbishment.

Investment Analysis

(PO30 area)

Below Market Value

This property is priced -10.6% below area average per sq ft

-10.6%
Potential saving
This Property
£245/sq ft
Area Average
£274/sq ft
Avg Rent (weekly)
£266
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£307,525
10% above area average per sq ft
Potential ROI
+6.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (PO30)

Area prices are stable by -0.8% over the last 12 months
3 year growth: -0.9%
5 year growth: +6.3%
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

Medina Avenue, Newport, Isle of Wight
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£902
Based on a loan of £187,500 over 30 years at 4.06% 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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