Oakfield Road. HMO & 2 FLATS
By Red Dragon Estates
£ 425,000
Reviews
2 out of 5 stars
Red Dragon Estates says ..
***Exceptional Investment Opportunity*** Strong Yield (£50,000+ Income) With Potential For Increase*** Fully Let With Some Long Term Tenants*** HMO 5 Rooms + 2 X 1Bed Flats***. Set on a highly desirable centrally located street in the increasingly popular city of Newport is this large 3 sto...
Property Oracle says ..
This property on Oakfield Road in Newport, Wales, presents itself as a substantial investment opportunity. The large size of 2,784 square feet and its layout, encompassing a House of Multiple Occupancy (HMO) along with two additional flats, make it appealing for investors seeking a substantial rental income stream. The current state of the property presents a blend of characteristics. Some rooms have recently undergone renovations, showcasing new flooring and modern fixtures, while other spaces appear dated and in need of updates. The photos depict worn carpets, simple fittings and minimal decoration. The external aesthetics of the building appear sound from the outside, although this needs more thorough assessment. The property does offer some amount of external land at the rear, but the condition seems to require some considerable attention and upkeep. It is worth noting that the listing highlights a current rental income that is likely exceeding £50,000, suggesting positive cash flow. However, prospective buyers should carefully consider the renovation costs required to bring the property to a fully up-to-date standard. The asking price of £425,000 must be considered in relation to the financial return it will provide following appropriate work and maintenance. Overall, it’s a large property with potential, but not one suitable for someone looking for a move in ready home. A thorough survey should be undertaken to fully assess the condition of the structure and any potential issues before making an offer.
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
- 6
- Location
- 7
- Land
- 3
- Bedrooms
- 7
- Bathrooms
- 4
- Sqft (est)
- 2,784.62
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
- 504,444.00 £Increased by 31.03 %
- Est sale value
- 721,216.58 £Decreased by 12.20 %
- Average area rental value
- 1,650.00 £/moIncreased by 17.86 %
- Est letting value
- 0.00 £/moDecreased by 100.00 %
- Est rental Yield
- 3.93 %Decreased by 9.86 %
- Crime Rate
- 1.00 %Unchanged by 0.00 %
Agent Activity
Red Dragon Estates marked this listing as sold.
Red Dragon Estates created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| St Mary'S R.C. Primary School | Welsh Establishment | 0.96 KM | |
| St Woolos Primary School | Welsh Establishment | 1.09 KM | |
| Crindau Junior & Infant School | Welsh Establishment | 1.82 KM | |
| Pillgwenlly C.P. School | Welsh Establishment | 1.88 KM | |
| Maindee C.P. School | Welsh Establishment | 1.96 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Parkfield Place | £ 0 | 0 | 0.00 KM |
| Westfield Road | £ 300,000 | 0 | 0.00 KM |
| Spencer Road | £ 0 | 0 | 0.00 KM |
| Oakfield Gardens | £ 0 | 0 | 0.00 KM |
| Oakfield Road | £ 456,661 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Newport (South Wales) | 3674 | NWP | 0.75 KM |
| Pye Corner | 1663 | PYE | 3.47 KM |
| Rogerstone | 9921 | ROR | 6.66 KM |
| Cwmbran | 3738 | CWM | 7.82 KM |
| Risca And Pontymister | 9920 | RCA | 9.65 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Aragon House, Oakfield Road, Newport | £ 160,000 | BUY | 6 / 10 | 0.03 KM |
| Aragon House, Oakfield Road, Newport | £ 150,000 | BUY | 6 / 10 | 0.05 KM |
| Oakfield Road, Newport, NP20 | £ 800,000 | BUY | 6 / 10 | 0.06 KM |
| Oakfield Road, Newport, NP20 | £ 900,000 | BUY | 7 / 10 | 0.06 KM |
| Incredible Period House, Oakfield Road, Newport | £ 800,000 | BUY | 7 / 10 | 0.09 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 21 Oakfield Road | £ 175,000 | 0.01 KM |
| 39 Oakfield Road | £ 308,000 | 0.01 KM |
| 25 Oakfield Road | £ 850,000 | 0.01 KM |
| 29 Oakfield Road | £ 368,000 | 0.01 KM |
| 27 Oakfield Road | £ 222,500 | 0.01 KM |