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See how verdicts work2-bedroom flat · NP11 7DH
Listing removedListed 224 daysAuction 15 Jul · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by online, unconditional auction on 15/07/2026 18:05 Guide Price: £73,000+ FIRST FLOOR APARTMENT FOR INVESTMENT Situated in the popular residential area of Cross Keys, this spacious first floor apartment offers generous accommodation throughout and presents an excellent opportunity for investors.
The property briefly comprises of a welcoming entrance hallway, a bright and well-proportioned living room, a fitted kitchen, two good-sized double bedrooms, a bathroom, and a separate WC.
The layout provides comfortable and practical living space with excellent potential for modernisation or continued rental use.
The property benefits from double glazed windows and gas central heating via a combination boiler.
Further benefits include two private storage areas accessed from the communal parts of the building, offering valuable additional space.
To the rear, there is a brick-built shed along with a garden area, ideal for outdoor seating. A secure bin store is conveniently located to the side of the building.
On-street parking is available to residents, with lane access to the rear of the property which we are informed has the option of off-road parking.
Conveniently positioned for local amenities, college, and transport links, the property offers strong appeal to investors within this established and sought after location.
Accommodation Ground Floor - Communal entrance hallway First Floor - Entrance hallway, kitchen, bathroom, WC, living room, two double bedrooms Outside - Secure bin-store to side of building, rear garden area, brick-built storage shed.
Tenancy Details To be sold subject to an occupational contract at £500 per calendar month. Tenure Tenure is advised leasehold - lease information to follow.
Applicable Fees Please note: A Buyers Premium will be applicable to all lots sold at auction, this is charged at inc. VAT of the final sale price (subject to a minimum of inc. VAT).
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
Short-let licence or registration needed
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs

FAQ
About 98 Risca Road, Cross Keys, Newport, Gwent, NP11 7DH
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