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See how verdicts work2-bedroom terraced house · NP20 4JE
Sold STCListed 49 daysAuction 5 Oct · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Bidding opens Monday 5th October 2026 at Midday and closes Wednesday 7th October 2026 at Midday Investment Opportunity - 2 Apartments End of terrace house which has been converted into two, self contained apartments.
Each flat benefits from its own private entrance, gas central heating, (not tested) and double glazing.
The property is located just outside the Newport city centre on the west side of Newport with excellent access to the M4 at Junction 27.
There is a rear garden with the ground floor flat which is currently tenanted and is to be sold with the tenant in situ.
Ground Floor Apartment Private entrance into a period entrance hall, living room, kitchen breakfast room, one double bedroom, rear hallway and a shower room. Access to a level rear garden.
The ground floor is tenanted and it to be sold with the current tenant in situ. Please refer to the legal pack for the lease information. Current rent payable - £525 pcm.
First Floor Private entrance with stairs leading the first floor landing, living room, kitchen, two bedrooms and a bathroom. The first floor flat is sold with vacant possession.
Tenure Leasehold - 999 years from 25th March 1985. Ground Rent - £10.00 pa. Viewings Auction House Wales Tenure: See Legal Pack EPC Rating: 2 - D & 2A - C
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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
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FAQ
About 2 & 2A, Preston Avenue, Newport
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