Chepstow Road, Newport, NP19 8EB
By SmoothSale
£ 360,000
Reviews
2 out of 5 stars
SmoothSale says ..
A superb investment opportunity featuring five self-contained flats, fully tenanted and yielding £2,500pcm. Located close to amenities and excellent transport links, this property is ideal for steady rental income with tenants in situ.
Property Oracle says ..
This property on Chepstow Road, Newport, is presented as a multi-unit residential building, described as five self-contained flats, fully tenanted with a rental income of £2,500 per month. The location in Newport offers some advantages; access to amenities and transport links, including a relatively close railway station, and several primary schools nearby.
However, the condition of the property is a significant concern. The images clearly illustrate a need for substantial renovations and repairs. The interior shows significant wear and tear, uncleanliness, and potential maintenance issues in multiple areas, from damaged walls to outdated fixtures. The overall presentation is far from desirable for a residential property and could hinder rental potential in the long term.
There’s no mention of outdoor space, indicating a lack of garden or land. This is a notable disadvantage for potential buyers, especially considering the property’s location and overall condition.
The list price of £360,000 is high given the present state of the property. While the rental income is promising, this requires factoring in renovation and potential void periods before being evaluated as a good investment. An accurate assessment of the property’s value would require a detailed survey and costing of the required works, comparing the property value after such renovation to the potential return on investment. In its current state, the high price makes this property a high-risk purchase that might demand a significant budget for restoration before it could be considered a viable investment.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 3
- Location
- 7
- Land
- 1
- Bedrooms
- 6
- Bathrooms
- 5
- Sqft (est)
- 1,189.41
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The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 297,414.00 £Increased by 1.41 %
- Est sale value
- 334,224.21 £Decreased by 5.70 %
- Average area rental value
- 1,297.00 £/moIncreased by 5.96 %
- Est letting value
- 1,189.41 £/moUnchanged by 0.00 %
- Est rental Yield
- 5.23 %Increased by 4.39 %
- Crime Rate
- 7.00 %Unchanged by 0.00 %
Agent Activity
SmoothSale created the listing.
Nearby Schools
Name | Type | Ofsted | Distance |
---|---|---|---|
Newport Nursery School | Welsh Establishment | 0.32 KM | |
Maindee C.P. School | Welsh Establishment | 0.51 KM | |
St Joseph'S R.C. Primary School | Welsh Establishment | 0.73 KM | |
Eveswell Primary School | Welsh Establishment | 1.33 KM | |
St Woolos Primary School | Welsh Establishment | 1.47 KM |
Images
Nearby Streets
Name | Average Price | Average Sqft | Distance |
---|---|---|---|
Bedford Road | £ 213,333 | 0 | 0.00 KM |
Rugby Road | £ 180,000 | 0 | 0.00 KM |
Cedar Road | £ 182,500 | 0 | 0.00 KM |
Cambridge Road | £ 172,500 | 0 | 0.00 KM |
Exeter Street | £ 186,667 | 0 | 0.00 KM |
Nearby Transport
Name | NLC | TLC | Distance |
---|---|---|---|
Newport (South Wales) | 3674 | NWP | 1.69 KM |
Pye Corner | 1663 | PYE | 5.90 KM |
Cwmbran | 3738 | CWM | 8.11 KM |
Rogerstone | 9921 | ROR | 9.00 KM |
Nearby Listings
Address | Price | Type | Score | Distance |
---|---|---|---|---|
Prince Street, Newport | £ 155,000 | BUY | 5 / 10 | 0.14 KM |
Prince Street, Newport, NP19 | £ 120,000 | BUY | 5 / 10 | 0.14 KM |
Camelot Place, Newport, NP19 | £ 135,000 | BUY | Unknown | 0.18 KM |
Access lane to the east side of, Whitby Place, Newport, Gwent, NP19 8DQ | £ 10 | BUY | 2 / 10 | 0.18 KM |
Marlborough Road, Newport, NP19 | £ 180,000 | BUY | 5 / 10 | 0.21 KM |
Nearby Properties
Address | Price | Distance |
---|---|---|
48 Chepstow Road | £ 225,000 | 0.07 KM |
58 Chepstow Road | £ 150,000 | 0.07 KM |
48 Harrow Road | £ 165,000 | 0.08 KM |
32 Harrow Road | £ 110,000 | 0.08 KM |
24 Harrow Road | £ 130,000 | 0.08 KM |