17, Beech Road, Newport, Isle of Wight, PO30 2AH

Description

Freehold detached bungalow

Accommodation

Two bedrooms, reception room, kitchen, bathroom/wc. Outside: Drive, garden.

Location

The property is located on Beech Road. A comprehensive range of shops, bars and restaurants are available within Newport Town Centre. Public transport links are available locally along with a network of local bus services serving the surrounding areas. The property is served by road links including the A3020 lying to the east and the A3054 located to the north. Recreational pursuits can be found at Seaclose Park lying to the north.

Tenure / Property Information

Investment Analysis

The only recent evidence is 15 Beech Road, a detached freehold property sold for £263,200 on 28 March 2023. It is on the same road but its bedroom count, accommodation, condition and specification are not supplied, so it is not a fully comparable valuation. An indicative base GDV of £263,200 is used cautiously; no evidence-supported low/high range can be established. The £110,000 guide represents a substantial discount to that comparable, but condition, heating and special-condition costs are unknown.

Investment Snapshot

Strategy Recommendation

Treat as a potential value opportunity requiring full legal, physical and heating inspection. Do not bid on a BTL or BRRR basis until rent and works are evidenced; compare the all-in cost against verified local valuation evidence before proceeding.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection and verification of the roof, structure, services, heating, kitchen, bathroom, windows, external areas and general presentation before bidding; no works allowance can be quantified from the supplied information.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A notional 75% refinance of the indicative £263,200 base GDV is £197,400. However, refurbishment cost, total acquisition cost, finance costs, rent and lender valuation criteria are unavailable, so cash left in and BRRR viability cannot be calculated reliably.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The property has two bedrooms and a drive, but achievable rent, operating costs and condition remain unverified.

Flip Analysis

The 2023 same-road sale provides an indicative resale reference of £263,200, but the comparable's specification and condition are unknown. Without supported refurbishment, acquisition-cost and selling-cost figures, a reliable flip surplus cannot be calculated.

Investor Risks & Due Diligence

• The principal comparable is a different property with unknown bedroom count, size, condition and specification.

• No rental evidence is available, preventing reliable BTL yield analysis.

• Heating details are unavailable and may affect condition, running costs and value.

• No condition survey or quantified refurbishment allowance is supplied.

• The seller may charge additional completion fees under the Special Conditions of Sale.

• The £1,800 inclusive-of-VAT contract documentation fee is payable by the buyer.

Recommendation

Treat as a potential value opportunity requiring full legal, physical and heating inspection. Do not bid on a BTL or BRRR basis until rent and works are evidenced; compare the all-in cost against verified local valuation evidence before proceeding.

Strategy Rating

Analysis Confidence

There is one recent same-road completed sale and clear basic property details, but no directly matched comparable specification, internal condition, heating information, rental evidence, refurbishment budget or seller-fee detail.