Red Dragon Estates says ..

Property Oracle says ..

The property is a 2 bedroom terraced house located on Bristol Street in Newport, Wales. The list price is £140,000. The property has a small enclosed rear garden, which is a positive feature. From the photos, the property appears to be in reasonable condition, though some minor cosmetic updates might enhance its appeal. The interior shows some dated features, but it seems structurally sound and habitable. The location in Newport is reasonably convenient, with the city centre and railway station within walking distance. The proximity to schools is also a plus for families or investors targeting the rental market. However, the average house price in the area is significantly higher (£297,414) than the list price of this property. This suggests the property might be underpriced, possibly due to its smaller size (659.45 sqft) compared to the area average (1,056 sqft) or the need for some modernisation. The average price per square foot in the area is £281, while this property’s price per square foot is significantly lower. Considering the condition, location, and land size, the list price of £140,000 appears to be relatively low compared to the average property prices in the area. However, the lower square footage and potential need for some modernisation should be factored into any assessment of value.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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