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 %
- Est sale value
- 227,987.74 £Increased by 9.06 %
- Average area rental value
- 1,325.00 £/moIncreased by 34.25 %
- Est letting value
- 653.26 £/mo
- Est rental Yield
- 4.33 %Increased by 17.66 %
- Crime Rate
- 10.00 %Unchanged by 0.00 %
Agent Activity
Pure Investor marked this listing as sold.
Pure Investor created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Glasllwch C.P. School | Welsh Establishment | 0.94 KM | |
| High Cross Primary | Welsh Establishment | 1.11 KM | |
| Bassaleg School | Welsh Establishment | 1.26 KM | |
| St David'S R.C. Junior & Infants School | Welsh Establishment | 1.76 KM | |
| St Joseph'S R.C.High School | Welsh Establishment | 1.90 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Quebec Close | £ 525,000 | 0 | 0.00 KM |
| Wellington Road | £ 375,000 | 0 | 0.00 KM |
| Western Avenue | £ 395,000 | 0 | 0.00 KM |
| Church Close | £ 350,000 | 0 | 0.00 KM |
| Honeysuckle Close | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Pye Corner | 1663 | PYE | 0.38 KM |
| Newport (South Wales) | 3674 | NWP | 4.01 KM |
| Rogerstone | 9921 | ROR | 4.05 KM |
| Risca And Pontymister | 9920 | RCA | 7.08 KM |
| Cwmbran | 3738 | CWM | 9.05 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Golden Mile View, Newport | £ 140,000 | BUY | 5 / 10 | 0.03 KM |
| Golden Mile View, Newport | £ 130,000 | BUY | 6 / 10 | 0.04 KM |
| Bassaleg Road, Newport, NP20 | £ 220,000 | BUY | 6 / 10 | 0.06 KM |
| Top Floor Apartment, Golden Mile View, Newport | £ 140,000 | BUY | Unknown | 0.07 KM |
| Golden Mile View, Newport | £ 122,500 | BUY | 5 / 10 | 0.07 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 1 Glasllwch View | £ 270,000 | 0.15 KM |
| The Bungalow | £ 150,000 | 0.15 KM |
| 19 Glasllwch View | £ 235,000 | 0.15 KM |
| 33 Glasllwch View | £ 315,000 | 0.15 KM |
| 25 Glasllwch View | £ 225,000 | 0.15 KM |