Lot 16 - 35A & 35B High Street, Caerleon, Newport, Gwent, NP18 1AE

  • Unconditional Online Auction Sale
  • Guide Price* : £227,000 +
  • Bedrooms: 4

Lot 16 - Cottage Converted into Two Cottages for Owner Occupier/Investment

Description

ONLINE AUCTION from 30th JANUARY-1st FEBRUARY

A mid terrace cottage which has been converted into two cottages with access to each via a small hallway. Situated in the heart of Caerleon opposite the National Roman Legion Museum and Roman Baths Museum, the cottages are well placed for local shops and restaurants. Whilst cottage 35B requires some refurbishment, accommodation is replicated for each cottage and provides a lounge, open plan kitchen/dining room, two bedrooms, bathroom and en-suite. The stone walled garden at the rear has been partially divided by a fence. The property could be converted back into a family home, turned into flats or a holiday rental given the tourism in the area, subject to the necessary change of use consents. The cottages were previously rented out for £625 each (£1,250) pcm though we anticipate a more accurate rental of approximately £750 pcm each once refurbished.

Caerleon is situated on the River Usk, and lies 5 miles (8 km) northeast of Newport city centre, and 5.5 miles (9 km) southeast of Cwmbran. Caerleon is of archaeological importance, being the site of a notable Roman legionary fortress, Isca Augusta, and an Iron Age hillfort. The town also has strong historical and literary associations - Alfred Lord Tennyson wrote Idylls of the King (1859–1885) while staying in Caerleon. Excellent transport links to Bristol, Cardiff and London via rail links and M4.

Virtual Tour:

Accommodation

35A & 35B each provide
Ground Floor: Lounge, kitchen/dining room
First Floor: 2 bedrooms, en-suite, bathroom
Outside: Walled rear lawned partially divided for each house. 35A also includes a shed in the garden

Tenancies

To be sold with vacant possession. Anticipated rental of £750 pcm per flat once renovated.

INVESTORS: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us or email sarah@paulfoshlettings.com for invaluable advice.

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 of 1.2% of the purchase price (subject to a minimum of £1,200) 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.

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