Lot 18 - 222 Chepstow Road, Newport, Gwent, NP19 8EN

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Lot 18 - 222 Chepstow Road, Newport, Gwent, NP19 8EN

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Guide Price* : £250,000+

  • Unconditional Online Auction Sale
  • 5 Bedrooms

Lot 18 - Residential Investment Opportunity

Description

ONLINE AUCTION from 20th MAY - 22nd MAY 2025

A substantial freehold block of 5 flats situated in a convenient location for access to local amenities and shops and Newport city centre and access to the M4.

The property has been well managed and maintained and enjoyed good occupancy levels for the current owners.

The flats all benefit from fitted kitchens and bathrooms and have UPVC double glazing and 4 are currently let to tenants keen to remain and the ground floor flat has just become vacant. Each of the flats have their own electric and water meters.

The property has a spacious communal rear garden.

VIRTUAL TOUR

Council Tax Band

A

Accommodation

Floor Description Rent
Ground Floor (Communal entrance hall) Flat 1 Lounge, bedroom, kitchen, shower room/wc Previously let at £495 pcm but should now let at £650 pcm
Ground Floor (Communal entrance hall) Flat 2 Lounge, bedroom, kitchen, shower room/wc Let at £600 pcm
First Floor - Flat 3 Lounge / Bedroom  kitchen shower room / wc Let at £595 pcm
First Floor - Flat 4 Lounge / Bedroom  kitchen shower room / wc Let at £595 pcm
Second Floor - Flat 5 Lounge / Bedroom  kitchen shower room / wc Let at £595 pcm
Outside - Spacious communal rear garden

Tenancies

Potential income in excess of above £36,000.00 per annum and can be increased.

Tenure

Advised Freehold - to be verified by solicitor

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* : £250,000+

  • Unconditional Online Auction Sale
  • 5 Bedrooms

Lot 18 - Residential Investment Opportunity

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Paul Fosh Auctions

01633 254044

Office Contact

Sean Roper

sean@paulfoshauctions.com 01633254044
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Documents

Lot 18 - 222 Chepstow Road, Newport, Gwent, NP19 8EN

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