Summary - 8 WILLIAM MORRIS DRIVE NEWPORT NP19 9DN
1 bed 1 bath Flat
Immediate rental income with refurbishment upside near M4 junction 24.
Purpose-built, south-facing first-floor apartment
A compact, purpose-built one-bedroom apartment positioned for investors seeking a value-add let. The property sits on William Morris Drive, a short drive from M4 J24, with maintained communal gardens and allocated off-road parking. The flat benefits from uPVC double glazing and a long lease of 999 years.
The current long-term tenant pays £380 pcm, providing immediate income. With targeted refurbishment and redecoration, projected rent is estimated at around £500 pcm, improving yield. The building’s efficient 296 sq ft layout suits single occupants or professionals, and excellent mobile and fast broadband support working tenants.
Important considerations: the flat needs renovation and refresh throughout, and the neighbourhood scores as a very deprived area which can affect tenant profile and future resale values. The tenant is in situ under a verbal agreement that they will vacate with six weeks’ notice; purchasers should verify tenancy terms and notices before exchange.
Overall this is a straightforward investment purchase for a buyer prepared to carry out modest works to lift rent. Practical positives include a long lease, quick motorway access, immediate rental income, and off-street parking. Drawbacks to factor into valuation are the refurbishment cost, compact size, and local area challenges.
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