2-bedroom flat · PO30 1PX
Sold STCListed 243 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Coast To Castle are pleased to present this two bedroom first floor apartment, situated in the heart of Newport town centre.
This property is well presented and ideal for first time buyers or investors, that want something that is ready to move into.
On entering the property, there is a spacious open plan lounge/dining/ kitchen, offering plenty of living space.
A double and single bedroom are to the rear of the property, as well as a good size modern bathroom. Outside is a lockable storage shed.
A permit for parking can be applied for through the local council. Leasehold- 120 Years Charges - £70 per month Ground rent - £10 per annum Communal Entrance Hall Entry phone system.
Stairs to first floor. Entrance Hall Opening to lounge/diner/ kitchen. Radiator. Built in storage cupboard with radiator and consumer unit. Lounge 4.17m x 5.08m Radiator.
Two double glazed windows to front. Wood effect flooring.Opening to kitchen. Kitchen 2.66m x 2.85m Range of modern base units with granite effect worktops. Built on electric oven.
Space for washing machine. Space for fridge freezer. Stainless steel sink with drainer. Glow worm boiler.Extractor fan. Bedroom One 2.69m x 3.51m Radiator.
Wood framed double glazed double doors, opening to juliet balcony. Wood effect flooring. Bedroom Two 2.01m x 3.51m Double glazed window to rear. Radiator. Wood effect flooring.
Built in cupboard with hanging rail. Bathroom 1.79m x 2.19m A three piece white suite with panelled bath and shower attachment on mixer tap. Tiled splashback. Extractor fan.
Hand wash basin. Low level w.c. light and shaver point. Shed A brick built lockable shed, located to the rear of the property.
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 Flat 4, 42 New Street, Newport, Isle of Wight
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