14 Wood Street, Newport, Gwent, NP11 7EN

Description

Upon Instruction of Countrywide. Freehold end of terrace house.

Accommodation

First floor: Three bedrooms, bathroom/wc. Ground floor: Two reception rooms, kitchen. Outside: Garden.

Location

The property is located on Wood Street. Cwmcarn provides village amenities with a more comprehensive range of shops, bars and restaurants found within Newport City Centre lying to the south east. Public transport links are available at Newport Train Station along with a network of local bus services serving the surrounding areas. The property is served by road links including the A467 located to the west and the M4 lying to the south east. Recreational pursuits can be found locally.

Tenure / Property Information

Investment Analysis

The five supplied same-street freehold terraced comparables range from £68,000 to £152,500. The two latest sales were £145,000 and £152,500, while another 2025 sale was £102,500. Given the substantial spread and no condition evidence beyond EPC E, a cautious evidence-based scenario range is £102,500–£152,500, with £135,500 used as the base GDV estimate. This is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, contract review and confirmation of any seller fees. At the guide, the property may offer BTL or value-add potential, but the unknown condition and costs make a firm bid strategy premature.

Works Required

No specific defects or works are evidenced. Arrange a full inspection and confirm heating, parking, condition, and any required repairs before bidding. EPC E may require improvement assessment, but no cost allowance is supported by the evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £135,500 base GDV, 75% refinance equates to £101,625. However, refurbishment costs, seller charges and the full acquisition cost are unknown, so cash left in and equity cannot be reliably calculated. The strategy requires confirmed condition, works pricing, valuation and refinance terms.

Buy-to-Let Analysis

The supplied advertised asking rents are £450 and £600 pcm, equivalent to an evidenced range of £5,400–£7,200 per year. Against the £80,000 guide, this indicates gross yields of approximately 6.75%–9.00% before finance, maintenance, voids, tax, insurance, refurbishment and purchase costs. These are asking rents rather than achieved rents, and the evidence is insufficient to establish a net yield.

Flip Analysis

The base GDV is £135,500, but no supported refurbishment allowance, seller fees or resale costs are available. A reliable flip surplus and maximum bid therefore cannot be calculated. The apparent guide-to-comparable margin must be treated cautiously because the comparable prices vary widely and the subject condition is unknown.

Investor Risks & Due Diligence

• Wide spread in same-street comparable sale prices, from £68,000 to £152,500.

• Property condition and refurbishment requirements are not provided.

• EPC rating is E and any improvement cost is unknown.

• Rental evidence is limited to advertised asking rents and differs between £450 and £600 pcm.

• A £1,800 inclusive-of-VAT contract documentation fee applies, while additional seller fees may also be payable.

• Parking and heating details require confirmation.

• Occupancy is not stated.

Recommendation

Proceed only subject to inspection, contract review and confirmation of any seller fees. At the guide, the property may offer BTL or value-add potential, but the unknown condition and costs make a firm bid strategy premature.

Strategy Rating

Analysis Confidence

There are five same-street completed sales and two rental asking prices, but the comparable values vary materially. Condition, refurbishment costs, parking, heating, seller fees, achieved rent and occupancy are not confirmed.