Lot 15 - 6 Machen Street, Risca, Newport, Gwent, NP11 6DH
Lot 15 - 6 Machen Street, Risca, Newport, Gwent, NP11 6DH
Guide Price* : £99,000+
- Unconditional Online Auction Sale
- 2 Bedrooms
- |
- 1 Bathroom
Lot 15 - PROPERTY FOR INVESTMENT
Description
ONLINE AUCTION from 6th - 8th October
A two bedroom mid terrace property offering an excellent opportunity for investors, landlords and builders. The property does require refurbishment and offers plenty of scope to modernise and add value.
To the ground floor the property offers open plan lounge diner and kitchen. To the first floor the property offers two double bedrooms and bathroom.
To the rear there is an enclosed rear garden.
The property is ideal for buy to let investment and the current owner has enjoyed good levels of occupancy. We would anticipate a two-bedroom property in the area achieving in the region of £850-£900 per calendar month.
Situated on Machen Street, Risca, the property is conveniently positioned for the town centre and local amenities, with Risca & Pontymister railway station approximately 0.8km away and regular bus services providing links towards Newport, Risca and Blackwood. Excellent road connections provide easy access to Newport and the M4, with the wider South Wales road network within easy reach.
Accommodation
Ground Floor:Entrance, Lounge Diner, Kitchen
First Floor:Two Bedrooms, Bathroom
Outside: Enclosed Rear Garden
Council Tax Band
B
Tenancies
To be sold with vacant possession
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* : £99,000+
- Unconditional Online Auction Sale
- 2 Bedrooms
- |
- 1 Bathroom
Lot 15 - PROPERTY FOR INVESTMENT
Viewing
Paul Fosh Auctions
Office Contact
Gemma Vaughan
Documents
Legal Documents
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