Freelancer Lets and Sales says ..

Property Oracle says ..

The property at Rees Close is a 2-bedroom, 1-bathroom house with a total area of 521.08 sqft and a plot size of 570.27 sqft. The asking price is £155,000. The property benefits from a good location, being close to several primary and secondary schools, including Malpas Park Primary School (0.16km) and Newport High School (1.72km). The proximity to Newport (South Wales) train station (3.30km) also provides convenient access to public transportation. The presence of a small patio area and garden adds to the property’s appeal. However, the property appears to be in need of significant modernisation and renovation. The interior photos show considerable wear and tear, with exposed wires, damaged walls, and outdated fixtures and fittings. This will likely require a substantial investment from a potential buyer. Considering the average price per sqft in the area is £354, and the property’s condition, the asking price of £155,000 might seem reasonable, especially given the smaller size of the property compared to the area average (521.08 sqft vs 1,131 sqft). The lower price may reflect the need for renovation. However, a detailed survey would be necessary to assess the full extent of the required works and their associated costs. Nearby comparable properties on Rees Close sold for between £40,000 and £174,000, indicating a wide range of prices on the street, possibly reflecting the varying condition of the properties.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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