Summary - 31 BAILEY STREET NEWPORT NP20 4DJ
3 bed 1 bath Terraced
Value-add renovation in a well-connected central location for experienced buyers.
Freehold Victorian terrace with three bedrooms and small rear garden|Sold at unconditional online auction; buyer's premium applies|Needs full modernisation; refurbishment required throughout|Currently lets at £700pcm; potential £1,000–£1,100pcm after works|Very high local crime and very deprived area — affects demand and costs|Good transport links, fast broadband and excellent mobile signal|On-street permit parking only; no garage or off-street parking|Low flood risk; council tax described as affordable
A three-bedroom Victorian terrace offered freehold and sold at online auction — aimed at buyers prepared to renovate for uplift. The house is laid out over two floors with a large living/dining room, kitchen, shower room and three first-floor bedrooms. There is a small rear garden with rustic stone patio and mature trees, and on-street permit parking to the front.
The property requires significant updating: cosmetic and likely deeper refurbishment to modernise kitchens, bathrooms and internal finishes. It is currently sold subject to an occupational contract at £700pcm (tenants moving out); estimated rental after renovation is about £1,000–£1,100pcm. A buyer’s premium applies at auction (1.20% inc. VAT, min £995).
Location strengths include strong transport links to Newport city centre, easy access to the M4, fast broadband and excellent mobile signal. Flood risk is low and council tax is described as affordable. However the local area is very deprived with a very high crime rating — important for owner-occupiers or tenants and for assessing rental demand and insurance costs.
This will suit an investor or hands-on renovator targeting value-add returns: purchase at auction, carry out refurbishment, then let or re-sell. Allow for renovation costs, potential additional safety or security improvements, and the auction fees when calculating total budget.
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