43 Wharf Road, Newport, NP19 0ED

Description

A bay-fronted three-bedroom terraced house in need of renovation. The property benefits from double glazing and gas central heating (not tested). It is within walking distance of Newport city centre and has good access to the M4 motorway. In the auctioneer's opinion, once renovated, the property should let for circa £1,000 pcm. Japanese knotweed is present at the property.

Accommodation

Ground floor: entrance hall, open plan living/dining room, kitchen and shower room. First floor: three bedrooms. Outside: forecourt and enclosed rear garden.

Location

Located in Newport, within walking distance of Newport city centre and with good access to the M4 motorway.

Tenure / Property Information

Investment Analysis

The only recent supplied comparable is 37 Wharf Road, a terraced freehold property sold for £123,000 on 29 August 2025. This supports £123,000 as an indicative base GDV, but no condition, size or specification comparison is provided. Older Wharf Road sales range from £73,000 to £115,000, but are less directly relevant because of their dates. No refurbishment cost evidence is supplied, so profitability and a maximum bid cannot be established reliably.

Investment Snapshot

Strategy Recommendation

Potential refurbishment-to-let or BRRR opportunity only subject to a full survey, Japanese knotweed assessment, heating checks and a detailed renovation quotation. Do not rely on the headline yield or bid without establishing total project cost.

Works Required

Renovation of the three-bedroom terraced house, including works required to bring the accommodation to lettable condition. The extent and cost of works cannot be quantified from the evidence. Gas central heating is not tested, and Japanese knotweed treatment or management may be required following professional assessment.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the guide price, the known buyer premium and minimum administration charge add £3,660, before refurbishment and other possible costs. A 75% refinance against the indicative £123,000 GDV would be £92,250, but total project cost and cash left in cannot be calculated without a works budget and other cost information. Japanese knotweed and untested heating require due diligence before relying on the refinance case.

Buy-to-Let Analysis

The auctioneer estimates circa £1,000 pcm once renovated, equivalent to £12,000 per year. Against the £79,000 guide price, this indicates a gross yield of approximately 15.19% before refurbishment, finance, tax, insurance, maintenance, voids and management. No external rental comparable or refurbishment budget is supplied, so the achievable rent and net return remain unverified.

Flip Analysis

The indicative £123,000 GDV is supported by one recent same-road sale, but the property is described as needing renovation. Without a refurbishment allowance, selling costs, finance costs or other project costs, the flip surplus and viable purchase price cannot be established.

Investor Risks & Due Diligence

• Japanese knotweed is present and its treatment, management and impact on lending or resale are unknown.

• Gas central heating is not tested.

• The property is described as needing renovation, but no works scope or cost estimate is supplied.

• The £1,000 pcm rent is an auctioneer estimate rather than achieved rent, with no sufficiently specific external rental comparable.

• Buyer premium and administration charge apply, while additional search, seller, legal and transfer costs may also arise.

• EPC rating is E.

Recommendation

Potential refurbishment-to-let or BRRR opportunity only subject to a full survey, Japanese knotweed assessment, heating checks and a detailed renovation quotation. Do not rely on the headline yield or bid without establishing total project cost.

Strategy Rating

Analysis Confidence

A recent same-road completed sale and an auctioneer rent estimate are available, but there is no specific external rental evidence, no refurbishment budget, no condition survey and no full project-cost information.