Lot 19 - 202 Chepstow Road, Newport, NP19 8EL
Lot 19 - 202 Chepstow Road, Newport, NP19 8EL
Addendum
This lot has been sold prior to the auction closing.
Guide Price* : £127,000+
- Unconditional Online Auction Sale
- 4 Bedrooms
Residential Investment
Description
ONLINE AUCTION from 8th DECEMBER - 10th DECEMBER
An opportunity to acquire, 2 x two bedroom self-contained flats situated in a popular location.
The property is ideally situated for Newport city centre and the M4 motorway. The flats have benefitted from previous upgrading to include UPVC double glazing, gas central heating (not tested) and have refitted kitchen with appliances and refitted bathroom suites. The properties are both let to established tenants who have expressed a willingness to remain.
Accommodation
Ground Floor (202a) Ground floor entrance, lounge, kitchen, 2 bedrooms, bathroom
First Floor (202b) Lounge, kitchen, 2 bedrooms, bathroom
Outside: Rear garden
Tenancies
202a is let at £500 per calendar month
202b is let at £500 per calendar month
Total annual income £12,000
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* : £127,000+
- Unconditional Online Auction Sale
- 4 Bedrooms
Residential Investment
Viewing
Paul Fosh Auctions
Office Contact
Sean Roper
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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.