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Mill Street, Risca, NP11

Wales

£140,000

Listed on 17/06/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1066 sqft

Description

This three-bedroom terraced home offers a promising opportunity for both first-time buyers and savvy investors looking for a renovation project in a convenient location. The entrance welcomes you with a spacious hallway, leading into two ample reception rooms which provide flexible spaces for entertainment or relaxation. The kitchen, while functional, has significant potential for modernization and design upgrades to enhance its appeal and utility. Moving upstairs, you'll find three well-sized bedrooms that benefit from natural light, each offering the possibility for personal touches. The family bathroom is conveniently located on the first floor and presents an opportunity for modernisation to create a more contemporary space. Throughout the home, the layout and proportions lend themselves well to refurbishment decisions that can transform this property into a stylish abode tailored to modern living. Positioned in a desirable area with excellent transport connections, this house provides easy access to local amenities, schools, and leisure options – making it perfect for those valuing convenience alongside investment potential. This property serves as an excellent canvas where one can truly leave their mark while potentially increasing its value through renovations.

Investment Analysis

(NP11 area)

Below Market Value

This property is priced -32.3% below area average per sq ft

-32.3%
Potential saving
This Property
£131/sq ft
Area Average
£194/sq ft
Avg Rent (weekly)
£193
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£227,309
10% above area average per sq ft
Potential ROI
+26.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (NP11)

Area prices are stable by +1.0% over the last 12 months
3 year growth: +6.1%
5 year growth: +25.2%
Investment Disclaimer: Analysis based on NP11 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

Mill Street, Risca, NP11
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£529
Based on a loan of £105,000 over 30 years at 4.45% 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.

Stamp Duty Calculator

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