GROSS RENT / YIELD
£7,680 / 5.7%
NET RENT / YIELD
£5,899 / 4.4%
Tenants that stay for long periods feel they have a stake in the property and are more likely to treat it as though it was theirs.
1 reception room
£7,680 p.a. / £640 pcm
TENANCY AGREEMENT STARTED
over 6 years ago
TENANCY AGREEMENT ENDS
Documents available on request, please contact for viewings or further questions.
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All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.
Monmouth is a historic county town of Monmouthshire in Wales and was named one of the best places to live in Wales in 2017 by The Sunday Times. It lies within 2 miles of the border with England and is about 30 miles northeast of Cardiff and 113 miles west of London.
The A40 passes by the town and links it to the M4 motorway at Newport and to the M50 motorway at Ross-on-Wye, which then turns into the M5 motorway. The M4 goes all the way to London, whilst the M5 links it to the Midlands and the South West of England.
Monmouth itself does not have a railway station anymore. The closest station is in Abergavenny, which is about 16 miles to the west. Abergavenny railway station is on the Welsh Marshes Line going from Newport to Hereford.
The town has been a centre for tourism since 1780 due to its close proximity to the Forest of Dean and the Wye Valley offering a variety of outdoor pursuits. There is a footpath going through the town, Offa’s Dyke Path, which starts in Chepstow and leads all the way to North Wales, as well as the Wye Valley Walk. Both are very popular with walkers.
Tourism is worth more than £204.43M to Monmouthshire’s economy and rising year on year. In 2017 Monmouthshire received more than 2.3M visitors, supporting 2,968 full time jobs in the county
Some of the local tourist attractions in town include Monmouth Castle, Monmouth Museum and Nelson Garden. Monmouth is also home to the Savoy Theatre, believed to be the oldest working theatre in Wales. The Monmouth Festival takes place every year over 9 days and was started in 1982. It is a fee music festival and one of the largest free music festivals in Europe attracting visitors from all over the world.
Most of Monmouth is now a centre for service industries and tourism, however, due to it’s good road connections to the West Midlands, South Wales and Bristol, it has also become a commuter town for a number of locals. There is 5,030 local businesses in the area and is ranked as the most vibrant economy in Wales in Grant Thornton’s Vibrant Economy Index (2018).
Monmouthshire was identified as part of the South Wales Top Five UK Tech Clusters in a Tech City UK report (2015). Monmouthshire is also known as the Food Capital of Wales not only because of the fantastic food and drink that is available in the county but also because of their award winning restaurants and tea rooms and annual Abergavenny Food Festival.
Monmouthshire council are planning to deliver economic growth by aiming to create 2,900 jobs by 2037 through improving underperforming sectors and productivity to order to match UK economic growth. This initiave is expected in increase the population by 20,000 (21%) and will also look to will include further strategies for the provision of extra land for housing – including a new settlement.
All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.
Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.
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