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New guide price
Please note the property is being sold subject to the tenancy - please refer to legal pack
ONLINE AUCTION from 30th JANUARY-1st FEBRUARY
A three/four bedroom house located in Risca, Newport.
The property is briefly comprised of a kitchen/dining room, living room, bathroom and three bedrooms. The property was previously a four bedroom property, however two of the bedrooms have been converted into one large room. Externally the property has front and rear gardens, with the rear being enclosed and having a patio area. The property does require modernising. Situated in Risca, Newport, the property benefits from being a short drive into the city centre, walking distance to the bus stop, close to local amenities and schools.
The property is currently tenanted and achieving a monthly rental of £525, however it is suggested that the current market value would be approximately £775 - £825 per month.
Please note that the current vendor served the tenants notice on the 30th of May.
Please Note: The property has not been inspected by Paul Fosh Auctions. We believe the property to comprise:
Ground Floor: Kitchen/dining room, living room, bathroom
First Floor: 3/4 bedrooms
Outside: Front and rear gardens
The current vendor served notice on the tenants on the 30th May 2023 - The property is being sold subject to the tenancy
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 on 01633 746800 or email email@example.com for invaluable advice.
Advised Freehold (please refer to legal pack regarding the tenancy) - to be verified by solicitor
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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