1 bed Flat For Sale £120,000
This wonderful semi-detached property will make an ideal addition to an investors portfolio, being sold with a tenant in situ yielding an excellent 4.90% with scope to increase to 5.35%. Situated in the sought after St Davids Crescent, the property boasts a double bedroom which is located on a mezzanine overlooking the spacious living area, a fully-fitted kitchen and garden, shed, storage area and driveway. Within walking distance of the property is Tredegar Park, shops, everyday amenities and eateries.
Newport is a vibrant Welsh city with a fast-growing population and an increasing demand for housing. It stands as the gateway between England and Wales and is surrounded by beautiful countryside such as the Wye Valley, the Brecon Beacons and the Forest of Dean. It boasts unbeatable transport links making it ideal for commuters with direct rail services to Cardiff, Swansea, Manchester, Birmingham, Holyhead, Nottingham, Birmingham and Bristol and London. Sold prices in Newport over the last year increased by 6% on the previous year and a fantastic 11% from 2019 which means it makes a great choice for property investment.
The city has undergone a major revamp over the last decade with the transformation of Newport shopping centre and bus station and extensive regeneration projects are underway to build on those successes. Plans include a new £19.7million leisure centre, £17 million to transform landmark city centre buildings into accommodation and commercial space and a multimillion-pound redevelopment of Chartist Tower to provide 30,000 sq ft of office space and 18,000 sq ft of retail space which will encourage growth, create jobs and encourage the demand for rental properties. Enquire today to discuss this brilliant investment opportunity.
Financial Breakdown
Gross rent: £5,880
Net income: £5,880
Gross yield: 4.9%
Net yield: 4.9%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-06876
Newport is a vibrant Welsh city with a fast-growing population and an increasing demand for housing. It stands as the gateway between England and Wales and is surrounded by beautiful countryside such as the Wye Valley, the Brecon Beacons and the Forest of Dean. It boasts unbeatable transport links making it ideal for commuters with direct rail services to Cardiff, Swansea, Manchester, Birmingham, Holyhead, Nottingham, Birmingham and Bristol and London. Sold prices in Newport over the last year increased by 6% on the previous year and a fantastic 11% from 2019 which means it makes a great choice for property investment.
The city has undergone a major revamp over the last decade with the transformation of Newport shopping centre and bus station and extensive regeneration projects are underway to build on those successes. Plans include a new £19.7million leisure centre, £17 million to transform landmark city centre buildings into accommodation and commercial space and a multimillion-pound redevelopment of Chartist Tower to provide 30,000 sq ft of office space and 18,000 sq ft of retail space which will encourage growth, create jobs and encourage the demand for rental properties. Enquire today to discuss this brilliant investment opportunity.
Financial Breakdown
Gross rent: £5,880
Net income: £5,880
Gross yield: 4.9%
Net yield: 4.9%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-06876
