We are witnessing a surge in newly built properties in Newport being bought by investors to be let out, together with a number of former student houses that are now being put to the private rental market.
This increase in supply is being met by even more of an increase in demand from people wanting to live in the Newport area. The number of applicants registered by the lettings staff in our Newport office has increased by 67% on the same period in 2014.
We have recently let a good number of properties that include a newly built three bedroom semi-detached house off Wellington Road for £750 pcm, a similar two bedroom on the same estate for £595 pcm, a four bedroom detached house on Harvest Close for £850 pcm and a five bedroom detached house on Oak Avenue for £950 pcm.
Looking at the lettings industry as a whole and in a response to the Calais migrant crisis ... Read More HERE
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