2-bedroom flat · NP20 3JD
For saleListed 6 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*fully refurbished throughout! No onward chain! Perfect for first time buyers!
2 double bedroom, top floor flat with refitted kitchen/dining room, living room with balcony, refitted bathroom, new electrics & boiler* Situated at the end of a quiet road in the popular Gaer area on the West side of Newport is this spacious two double bedroom, top floor apartment.
Located close to all local amenities, shops, bus routes, Pye Corner Railway Station with direct lines to Cardiff & the easiest of access to junctions 27 & 28 of the M4 making it perfect for commuting.
Perfect for First Time Buyers with refurbished accommodation briefly comprising: Entrance door opening to the hallway with a refitted kitchen/dining room, refitted bathroom, two double bedrooms and large living room with balcony and lovely views towards the Bristol Channel.
Outside: On street parking to the rear of the property and large purpose-built storage shed and a secure intercom entry system.
The property further benefits from having a new gas combi boiler, new electrics, new flooring throughout and viewing is highly advised by the agents. Lease Details: A New 125 year Lease.
Ground rent £10 per year. Service Charge approx £650 per year.
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
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FAQ
About Joyce Close, Newport
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