1 bed Flat For Sale £73,000
Investment opportunity. One bedroom flat sold with tenant in situ. This great buy-to-let property is in a quiet-cul-de-sac and close to local amenities and the city centre. It features one bedroom, an open plan modern kitchen/living room, and a bathroom.
Description For Sale by Conditional Online Auction
In partnership with sdl Auctions
Investment opportunity. One bedroom flat sold with tenant in situ. This great buy-to-let property is in a quiet-cul-de-sac and close to local amenities and the city centre. It features one bedroom, an open plan modern kitchen/living room, and a bathroom.
Located in Somerton, the property is in an area that is popular with tenants. The property offers a range of local amenities close by, including takeaway eateries, pubs, and the popular Beechwood Park. This property is also ideally close to Newport City Centre which plays host to a selection of shops, restaurants, and Newport Train Station. For those travelling out of the city, this property is also just a short drive away from the M4, ideal for those commuting to Cardiff or Bristol.
Internally, the property has been smartly decorated throughout with neutral colours. The living room offers plenty of space for a sofa, coffee table, and a wall-mounted TV. The modern-fitted kitchen features an integrated electric oven with an electric hob, ample wall and base units, and space for white goods. The double bedroom offers space for a chest of drawers and a wardrobe. The bathroom is separated into two rooms; one with a pedestal wash basin and space for more white goods and storage. The bathroom features a bath with an electric shower overhead, and a white toilet.
Tenure: Leasehold
Length of lease: 125 years from 1984
Ground rent: Tbc
Service charge: Tbc
EPC Rating: D
Council Tax Band: A
living/ kitchen 14' 7" x 11' 11" (4.44m x 3.63m)
bedroom 9' 1" x 7' 7" (2.77m x 2.31m)
room 5' 1" x 4' 6" (1.55m x 1.37m)
bathroom 5' 1" x 5' 10" (1.55m x 1.78m)
check out the 3D virtual tour!
Auction terms The sale of this property will take place on the stated date by way of Timed Auction and is being sold as Conditional with Reservation Fee (England and Wales).
Contracts of sale will not be immediately exchanged. As the successful buyer, you will enter into a 40 business-day exclusivity agreement with the seller, in which to exchange contracts and complete. Please refer to our Auction Conduct Guide for further information on our auction types and sale methods.
All sales are subject to sdl Property Auctions' Buyers Terms.
Auction fees The following non-refundable fees apply:
Reservation Fee- payable immediately when the auction ends. This is calculated as a percentage of the actual purchase price of the property. Either:
(a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000
(b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000
The Reservation Fee is subject always to a minimum of £6,000 (including VAT). The Reservation Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Special Conditions carefully before bidding. Any additional fees are included at the seller's discretion, not on the instruction of sdl Property Auctions, and will be in addition to any fees payable to us. Sdl Property Auctions has limited control over the content of the Special Conditions of Sale.
Deposit This property is listed under the Conditional with Reservation Fee sale method, therefore the deposit will be payable on exchange of contracts and executed via the solicitors. The amount to be paid will be listed in the Special Conditions of Sale.
Payment method When you register to bid, you will be prompted to provide your payment details to sdl Property Auctions. In the event that you are the winning bidder, your card will automatically be charged a proportion of the Reservation Fee. The payment will be calculated based on the guide price of the property, in line with the fee scale described above. Where the actual purchase price is higher than the guide price, you will be required to pay the difference immediately after the end of the auction, which can be paid by debit card or bank transfer. Payment by cash or cheque will not be accepted.
Example: You win the bid on a property with a guide price of £150,000, but the actual purchase price is £170,000. At this point your bid is successful you will be charged as follows:
Reservation fee of £7,200 – calculated as 4.8% of guide price- this will be charged immediately after the auction if you are the winning bidder.
As the actual purchase price amounted to £170,000, after the auction, you will be required to pay the following additional amounts on top of the initial payment:
£960 for Reservation Fee shortfall (£8160 due as 4.8% of actual purchase price)
legal pack before bidding, you must read the legal pack for the property.
This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
To view the legal pack, first search for the property on sdl Property Auctions' website, and click onto the property to view the property details. There will be a sub-heading "Legal Documents". Underneath this, you will be prompted to "Log in to view the legal documents". Follow this link, you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.
Special condition of sale The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of sdl Property Auctions' terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
Registration process To register to bid on the property, search for the lot on sdl Property Auctions website. Click onto the property, follow the link to "Log in/register to bid", and you will then be directed to create an account with the online-bidding platform provider, eig.
Additional information For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the sdl Property Auctions' home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Guide Price & Reserve Price:
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
Description For Sale by Conditional Online Auction
In partnership with sdl Auctions
Investment opportunity. One bedroom flat sold with tenant in situ. This great buy-to-let property is in a quiet-cul-de-sac and close to local amenities and the city centre. It features one bedroom, an open plan modern kitchen/living room, and a bathroom.
Located in Somerton, the property is in an area that is popular with tenants. The property offers a range of local amenities close by, including takeaway eateries, pubs, and the popular Beechwood Park. This property is also ideally close to Newport City Centre which plays host to a selection of shops, restaurants, and Newport Train Station. For those travelling out of the city, this property is also just a short drive away from the M4, ideal for those commuting to Cardiff or Bristol.
Internally, the property has been smartly decorated throughout with neutral colours. The living room offers plenty of space for a sofa, coffee table, and a wall-mounted TV. The modern-fitted kitchen features an integrated electric oven with an electric hob, ample wall and base units, and space for white goods. The double bedroom offers space for a chest of drawers and a wardrobe. The bathroom is separated into two rooms; one with a pedestal wash basin and space for more white goods and storage. The bathroom features a bath with an electric shower overhead, and a white toilet.
Tenure: Leasehold
Length of lease: 125 years from 1984
Ground rent: Tbc
Service charge: Tbc
EPC Rating: D
Council Tax Band: A
living/ kitchen 14' 7" x 11' 11" (4.44m x 3.63m)
bedroom 9' 1" x 7' 7" (2.77m x 2.31m)
room 5' 1" x 4' 6" (1.55m x 1.37m)
bathroom 5' 1" x 5' 10" (1.55m x 1.78m)
check out the 3D virtual tour!
Auction terms The sale of this property will take place on the stated date by way of Timed Auction and is being sold as Conditional with Reservation Fee (England and Wales).
Contracts of sale will not be immediately exchanged. As the successful buyer, you will enter into a 40 business-day exclusivity agreement with the seller, in which to exchange contracts and complete. Please refer to our Auction Conduct Guide for further information on our auction types and sale methods.
All sales are subject to sdl Property Auctions' Buyers Terms.
Auction fees The following non-refundable fees apply:
Reservation Fee- payable immediately when the auction ends. This is calculated as a percentage of the actual purchase price of the property. Either:
(a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000
(b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000
The Reservation Fee is subject always to a minimum of £6,000 (including VAT). The Reservation Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Special Conditions carefully before bidding. Any additional fees are included at the seller's discretion, not on the instruction of sdl Property Auctions, and will be in addition to any fees payable to us. Sdl Property Auctions has limited control over the content of the Special Conditions of Sale.
Deposit This property is listed under the Conditional with Reservation Fee sale method, therefore the deposit will be payable on exchange of contracts and executed via the solicitors. The amount to be paid will be listed in the Special Conditions of Sale.
Payment method When you register to bid, you will be prompted to provide your payment details to sdl Property Auctions. In the event that you are the winning bidder, your card will automatically be charged a proportion of the Reservation Fee. The payment will be calculated based on the guide price of the property, in line with the fee scale described above. Where the actual purchase price is higher than the guide price, you will be required to pay the difference immediately after the end of the auction, which can be paid by debit card or bank transfer. Payment by cash or cheque will not be accepted.
Example: You win the bid on a property with a guide price of £150,000, but the actual purchase price is £170,000. At this point your bid is successful you will be charged as follows:
Reservation fee of £7,200 – calculated as 4.8% of guide price- this will be charged immediately after the auction if you are the winning bidder.
As the actual purchase price amounted to £170,000, after the auction, you will be required to pay the following additional amounts on top of the initial payment:
£960 for Reservation Fee shortfall (£8160 due as 4.8% of actual purchase price)
legal pack before bidding, you must read the legal pack for the property.
This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
To view the legal pack, first search for the property on sdl Property Auctions' website, and click onto the property to view the property details. There will be a sub-heading "Legal Documents". Underneath this, you will be prompted to "Log in to view the legal documents". Follow this link, you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.
Special condition of sale The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of sdl Property Auctions' terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
Registration process To register to bid on the property, search for the lot on sdl Property Auctions website. Click onto the property, follow the link to "Log in/register to bid", and you will then be directed to create an account with the online-bidding platform provider, eig.
Additional information For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the sdl Property Auctions' home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Guide Price & Reserve Price:
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
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