Newport, NP20 4JR | Investment Property for Sale | VES-NP20-001

Opportunity to purchase a 4-unit portfolio in Newport generating £57,600 rent pa a 5.2% gross yield

£1,100,000

4-unit Portfolio

VES-NP20-001

INITIAL INVESTMENT

£328,500

Based on

deposit: £275,000

stamp duty: £48,000

mortgage fees: £1,500

conveyancing fees: £4,000

GROSS RENT

£57,600

GROSS YIELD

5.2%

ADD TO FAVOURITES

The portfolio

TENURE

Freehold

NO OF UNITS

4

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

5,700

PRICE SQ FT

£193

Portfolio information

  • New-build terraced houses
  • Each house comprises:
    • 3 x bedrooms
    • 2 x bathrooms (1 ensuite and 1 shower room)
    • 1 x open-plan lounge/dining room
    • 1 x garage
    • 1 x utility room
  • EPC ratings: B
  • Council tax bands: tbc

Rental income

All properties are full let and generate:

  • Aggregate rental income: £4,800 pcm
  • Aggregate rental income: £57,600 pa
  • Aggregate gross yield: 5.2%

Location information

  • The properties are located just west of Newport town centre
  • Newport town centre can be reached in less than 10 minutes on foot
  • There are some local amenities just a few minutes from the property
  • Newport railway station is 0.4 miles from the property and can easily be reached on foot
  • Easy access to the M4 via Junction 27

Available upon request

  • Portfolio breakdown
  • EPCs for all units

Note

The photos and floorplans are of one unit in the portfolio and are a representation of all four units.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Newport, Wales

Newport is Wales’ third largest city in south east Wales. It is located around 12 miles northeast of Cardiff and 138 miles west of London on the river Usk. The city is partially surrounded by the M4 motorway, coming as close as a mile within the city centre, and can be accessed via 6 junctions, 24 – 28 inclusive. London and the Bristol city region are also easily accessible via the M4. This makes Newport an ideal location to commute.

Newport railway station is in the heart of the city and is situated on the main line between Cardiff and London. Newport has direct rail services to Cardiff, Swansea, Manchester, Birmingham, Holyhead, Nottingham, Birmingham, Bristol and London. Trains to Cardiff take on average 16 minutes and trains to London take around 90 minutes.

Cardiff Airport and Bristol Airport are within an hour's drive of Newport, offering domestic and international flights.

Newport’s commuting area includes much of south Monmouthshire as well as the city centre and the business parks clustered around the M4 motorway on junctions 24 in the east and junction 28 in the west. Some of the big organisations that are based here include the headquarters of the Office for National Statistics, a large Panasonic manufacturing plant, the headquarters of insurance comparison company Gocompare, Airbus Defences & Space (the second largest space company after Boeing), the headquarters of the United Kingdom Intellectual Property Office (formerly the Patent Office), the Passport Office for much of the south and west of the UK and Admiral Insurance, to name a few.

Newport has a lot to offer for both visitors and residents. Some of the most popular attractions include Caerlon Roman Baths, Belle Vue Park, National Velodrome, Newport Museum and Art Gallery. One of the city’s biggest and fastest growing events is the Newport Food Festival. Now running for its 9th consecutive year, the Newport-based brewery Tiny Rebel is the current headline sponsor for the event.

The city also has a rich sporting heritage which includes the Newport Gwent dragons rugby team who call Rodney parade their home. Newport AFC are the local football club who currently play in Football League 2. Around 4 miles outside the city centre golf enthusiasts can find the Celtic Manor Resort, which hosted the 2010 Ryder Cup and the NATO Summit 14. In Lliswerry, in the south east of the city, is the Newport International Sports Village, a multi-sports complex. It includes a football development centre, athletics/football stadium, velodrome and attached cycle speedway track, tennis centre, swimming pool and cricket pitches. The velodrome was used by the Great Britain track cycling team as their exclusive base for their final preparations for the 2012 Summer Olympics.

The University of South Wales is located in the city centre overlooking the river Usk and also has a campus in Caerleon, offering a wide range of academic courses. Newport also has the further-education Coleg Gwent City of Newport Campus in Lliswerry, which is informally known as Nash College. It also has eight state comprehensive schools and one independent comprehensive school, as well as three Welsh-medium primary schools and one Welsh-medium secondary school.

Llanthewy Road,

Newport,

Newport,

Wales,

NP20 4JR

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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.

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