Lot 7 - 1 Kent Close, Rogerstone, Newport, Gwent, NP10 0BE
Guide Price* : £35,000+
- Unconditional Online Auction Sale
- 1 Bedroom
Lot 7 - Ground Floor Flat for Investment
Description
ONLINE AUCTION from 1st OCTOBER-3rd OCTOBER
A good size studio flat located in a popular and sought after area.
The flat would be ideal for those looking for buy to let investment. Typically studio flats can achieve in the region of £550- £600 per calendar month depending on standard.
The property offers lounge/bedroom, dressing area, shower room and kitchen. The property offers ample residents parking.
The flat is situated in a prime location within walking distance of the Monmouthshire to Brecon Canal, providing waterside walks and cycle rides. Only 5 mins away from Junctions 27 & 28 of the M4 providing access to major local cities. Catch a train at nearby local train station, Pye Corner and Cardiff is the next stop. The main line train service in Newport City Centre which is less than 3 miles away.
Accommodation
Ground Floor: Communal Entrance, lounge/bedroom, dressing area, shower room, kitchen
Council Tax Band
A
Annual Ground Rent
£60
Annual Service Charge
£200
Tenancies
To be sold with vacant possession
Tenure
Advised Leasehold (50 years) - to be verified by solicitor - We have been advised the lease can be extended to 150 years for an additional £11,000. Please ensure any enquiries are made with the freeholder.
Auction Fees And Additional Costs
Auction fees: The sale of each lot is subject to a buyer’s premium/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Guide Price* : £35,000+
- Unconditional Online Auction Sale
- 1 Bedroom
Lot 7 - Ground Floor Flat for Investment
Viewing
Paul Fosh Auctions
Office Contact
Gemma Vaughan
Documents
Auction Finance
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.
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