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Preston Avenue, Newport - Image 1
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Preston Avenue, Newport

Wales

£132,000
Listed on 17/01/2026

Property Details

Bedrooms
2
Type
Flat
Area
873 sqft

Description

This two-bedroom flat, located on the desirable Westside of Newport, presents a noteworthy project for cash buyers eager to invest or first-time homeowners looking to customize their living space. The top-floor position offers a sense of privacy and potentially charming views. While the property is currently in need of modernisation, it provides a blank canvas for those wishing to enhance its value through renovation. Convenience is key here with shops, public transport links, and major road access just minutes away, along with proximity to local hospitals and amenities. The leasehold property comes without a chain, allowing for a straightforward purchase process.

Investment Analysis

(NP20 area)

Below Market Value

This property is priced -31.8% below area average per sq ft

-31.8%
Potential saving
This Property
£151/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£226
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£212,850
10% above area average per sq ft
Potential ROI
+35.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (NP20)

Area prices are stable by +1.3% over the last 12 months
3 year growth: 6.4%
5 year growth: 17.0%
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

Preston Avenue, Newport
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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
£484
Based on a loan of £99,000 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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