Lot 51 - 5 Devon Place, Newport, NP20 4NU
Guide Price* : £99,000+
- Unconditional Online Auction Sale
- 1 Bedroom
Lot 51 - Investment Opportunity
Description
ONLINE AUCTION from 7th MARCH-9th MARCH
A mid terrace property arranged as two flats.
The property has enjoyed good occupancy levels and is arranged as two maisonettes currently let to tenants each paying £475 per calendar month.
The ground and lower ground floor offers a one bedroom flat with the first and top floors offering a studio style flat with attic room.
It is ideally situated for accessing Newport city centre with its range of shopping facilities, bars and restaurants. The train station is a short distance away as is the M4 (junction 26).
Accommodation
Ground Floor: Communal entrance
Ground Floor-Flat 1: Lounge, kitchen
Lower Ground Floor: Bedroom, shower room, storage
First Floor-Flat 2: kitchen, lounge/bedroom, bathroom
Second Floor: Attic room
Outside: Level garden area to rear
Council Tax Band
B
Tenancies
Flat 1 is let on AST at £420 pcm
Flat 2 is let on AST at £475 pcm
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
- 1 Bedroom
Lot 51 - Investment Opportunity
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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