2-bedroom flat · PO30 1JQ
Sold STCListed 226 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in the heart of Newport, this well-presented two-bedroom first floor flat offers light and comfortable accommodation within easy reach of the town’s shops, cafes and transport connections.
The property is accessed via a communal entrance with stairs leading to the first floor. Inside, the entrance hall provides access to all rooms.
The open-plan lounge/kitchen/diner creates a modern and versatile living space, with ample room for seating and dining, complemented by a fitted kitchen area with a range of storage units and worktop space.
There are two bedrooms, offering flexible accommodation to suit a variety of needs, whether as sleeping space, a home office or guest room.
A bathroom completes the layout and is fitted with a suite comprising a bath with shower over, wash basin and WC.
An ideal opportunity for those seeking a centrally located home or investment in Newport.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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 South Street, Newport, Isle of Wight
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