Golden Mile View, Newport, South Wales, NP20
PU

Golden Mile View, Newport, South Wales, NP20

By Pure Investor

£ 125,000

Reviews

2 out of 5 stars

Pure Investor says ..

2 Double Bedrooms | Current Gross Rental Income £700pcm | Rent Could Be Increased To £800pcm - £850pcm | Gross Yield Of 7.68% / 8.16% | High Rental Demand

Property Oracle says ..

This two-bedroom apartment located in Rogerstone, Newport, offers a potentially attractive investment opportunity due to its location and rental income potential. The property is conveniently situated near Pye Corner train station, providing easy access to major transportation links. The presence of multiple schools within walking distance adds to its family-friendly appeal. However, the property’s condition requires some attention. The provided photographs show a need for tidying and minor renovations to enhance both aesthetic appeal and potential resale or rental value. The apartment lacks a private garden, a common feature in more expensive properties. The current list price of £125,000 seems reasonable, considering the high rental demand in the area, although comparable properties may showcase higher sales prices depending on their conditions and individual features. A thorough inspection and professional valuation should be conducted to establish the property’s true market value and determine the appropriate price adjustments.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
5
Location
7
Land
1
Bedrooms
2
Bathrooms
1
Sqft (est)
653.26

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
366,818.00 £
Increased by 13.90 %
from 322,045.00 £
Est sale value
227,987.74 £
Increased by 9.06 %
from 209,043.20 £
Average area rental value
1,325.00 £/mo
Increased by 34.25 %
from 987.00 £/mo
Est letting value
653.26 £/mo
from 0.00 £/mo
Est rental Yield
4.33 %
Increased by 17.66 %
from 3.68 %
Crime Rate
10.00 %
Unchanged by 0.00 %
from 10.00 %

Agent Activity

  • Pure Investor marked this listing as sold.

  • Pure Investor created the listing.

Nearby Schools

NameTypeOfstedDistance
Glasllwch C.P. SchoolWelsh Establishment0.94 KM
High Cross PrimaryWelsh Establishment1.11 KM
Bassaleg SchoolWelsh Establishment1.26 KM
St David'S R.C. Junior & Infants SchoolWelsh Establishment1.76 KM
St Joseph'S R.C.High SchoolWelsh Establishment1.90 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Quebec Close £ 525,00000.00 KM
Wellington Road £ 375,00000.00 KM
Western Avenue £ 395,00000.00 KM
Church Close £ 350,00000.00 KM
Honeysuckle Close £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Pye Corner1663PYE0.38 KM
Newport (South Wales)3674NWP4.01 KM
Rogerstone9921ROR4.05 KM
Risca And Pontymister9920RCA7.08 KM
Cwmbran3738CWM9.05 KM

Nearby Listings

AddressPriceTypeScoreDistance
Golden Mile View, Newport £ 140,000BUY5 / 100.03 KM
Golden Mile View, Newport £ 130,000BUY6 / 100.04 KM
Bassaleg Road, Newport, NP20 £ 220,000BUY6 / 100.06 KM
Top Floor Apartment, Golden Mile View, Newport £ 140,000BUYUnknown0.07 KM
Golden Mile View, Newport £ 122,500BUY5 / 100.07 KM

Nearby Properties

AddressPriceDistance
1 Glasllwch View £ 270,0000.15 KM
The Bungalow £ 150,0000.15 KM
19 Glasllwch View £ 235,0000.15 KM
33 Glasllwch View £ 315,0000.15 KM
25 Glasllwch View £ 225,0000.15 KM