House For Sale £295,000
For sale by online, unconditional auction on 02/09/2021 18:15
Guide Price: £295,000
House of Multiple Occupancy/Residential Investment
A substantial, traditional, mid-terraced building located in Newport City Centre, in close proximity to The Royal Gwent Hospital. The building is ideally located close to local amenities and a wide range of shops and facilities in the city centre. The M4 Motorway is also easily accessible at junctions 28 and 26.
The property has an active HMO license and is arranged over 4 stories and provides spacious accommodation throughout, with the added benefits of gas central heating (not tested) and double glazed windows. There is also on-street, permit parking available (enquiries should be directed to the local authority). There are 7 lettable rooms, with shared amenities and a self-contained flat on the lower ground floor.
This would be an ideal investment, in a very popular letting area of Newport. The area has a high demand from tenants due to the close proximity of the hospital and city centre.
Accommodation
Lower Ground Floor - Entrance hallway, living room, kitchen, bathroom, bedroom
Ground Floor - Communal entrance, entrance hallway, kitchen/diner, bathroom, room 1
1st Floor - Landing, bathroom, room 2, room 3
2nd Floor - Landing, room 4, room 5, room 6, room 7
Outside - Rear garden area
Tenancy Details
The property is to be sold subject to an tenancy agreement with the local council at £4,500 every quarter. (£18,000 per annum)
Tenure
Tenure is advised Freehold - To be verified
Applicable Fees
Please note: A Buyers Premium will be applicable to all lots sold at auction, this is charged at 1.1% of the final sale price (subject to a minimum of £795).
Guide Price: £295,000
House of Multiple Occupancy/Residential Investment
A substantial, traditional, mid-terraced building located in Newport City Centre, in close proximity to The Royal Gwent Hospital. The building is ideally located close to local amenities and a wide range of shops and facilities in the city centre. The M4 Motorway is also easily accessible at junctions 28 and 26.
The property has an active HMO license and is arranged over 4 stories and provides spacious accommodation throughout, with the added benefits of gas central heating (not tested) and double glazed windows. There is also on-street, permit parking available (enquiries should be directed to the local authority). There are 7 lettable rooms, with shared amenities and a self-contained flat on the lower ground floor.
This would be an ideal investment, in a very popular letting area of Newport. The area has a high demand from tenants due to the close proximity of the hospital and city centre.
Accommodation
Lower Ground Floor - Entrance hallway, living room, kitchen, bathroom, bedroom
Ground Floor - Communal entrance, entrance hallway, kitchen/diner, bathroom, room 1
1st Floor - Landing, bathroom, room 2, room 3
2nd Floor - Landing, room 4, room 5, room 6, room 7
Outside - Rear garden area
Tenancy Details
The property is to be sold subject to an tenancy agreement with the local council at £4,500 every quarter. (£18,000 per annum)
Tenure
Tenure is advised Freehold - To be verified
Applicable Fees
Please note: A Buyers Premium will be applicable to all lots sold at auction, this is charged at 1.1% of the final sale price (subject to a minimum of £795).
