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West Market Street, Newport, NP20 - Image 1
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West Market Street, Newport, NP20

Wales

£150,000
Listed on 12/07/2024

Property Details

Bedrooms
1
Type
Detached house
Area
1929 sqft

Description

This property presents a rare opportunity for investors and business owners alike. Cambrian House, located in the Pill area of Newport, offers approximately 1,928 square feet of versatile commercial space spread over two floors. The layout includes four rooms, an ample storage area with roller doors, two kitchens, and two WCs, making it suitable for various uses or adaptations. Its prime location ensures convenient access to local amenities such as ASDA, public services including the HM Passport Office and local police station, as well as transport links connecting you to the broader region via train and major roadways. With its potential for redevelopment or renovation, this property invites creative vision to enhance its functionality and value. An early viewing is encouraged for those looking to capitalize on this unique investment opportunity.

Investment Analysis

(NP20 area)

Below Market Value

This property is priced -65.6% below area average per sq ft

-65.6%
Potential saving
This Property
£78/sq ft
Area Average
£226/sq ft
Avg Rent (weekly)
£228
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£479,231
10% above area average per sq ft
Potential ROI
+128.2%
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

West Market Street, Newport, NP20
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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
£549
Based on a loan of £112,500 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