Worst House on the Street Logo
Lugley Street, Newport, Isle of Wight, PO30 - Image 1

Lugley Street, Newport, Isle of Wight, PO30

South East

£155,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1027 sqft

Description

This charming townhouse is situated in the historic center of Newport, offering a unique opportunity for those interested in renovation and investment. The property boasts three spacious double bedrooms alongside a generous open-plan living and dining area that provides ample potential for modern updates. A separate kitchen, utility room, and family bathroom complete the layout, all of which require modernization to fully realize their potential. While the interior may need significant updating, the size and configuration of the rooms offer a solid foundation for creating a contemporary living space tailored to your preferences. Additionally, the courtyard garden presents an opportunity for outdoor improvements or personal landscaping. Location benefits are plentiful, with easy access to Newport's vibrant amenities, including shops, restaurants, and public transport links. For added convenience, parking permits for nearby streets can be acquired. This property is ideal for buyers looking for a project or investors seeking to enhance value through renovations. With its prime location and renovation potential, it represents an excellent opportunity in a sought-after area.

Investment Analysis

(PO30 area)

Below Market Value

This property is priced -45.0% below area average per sq ft

-45.0%
Potential saving
This Property
£151/sq ft
Area Average
£274/sq ft
Avg Rent (weekly)
£240
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£309,933
10% above area average per sq ft
Potential ROI
+55.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Lugley Street, Newport, Isle of Wight, PO30
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£568
Based on a loan of £116,250 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.

Next Steps

Explore services to help you with this property purchase.

Need a survey for this property?

Book a professional assessment to identify potential issues and property condition

RICS qualified surveyors

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE