Lot 19 - 2 Godfrey Road, Newport, Newport, NP20 4NX

  • Unconditional Online Auction Sale
  • Guide Price* : £183,000 +
  • Bedrooms: 5

Lot 19 - HMO investment X 4 Flats

Description

ONLINE AUCTION from 18th JUNE-20th JUNE

This mid terraced property consists of 4 self- contained flats all currently let on an HMO licence. The property is in a sought after area being near the Civic Centre, railway station and town centre. The accommodation is situated over 3 floors and currently achieves £1,566 pcm, £18,792 per annum. Two of the long term tenants have indicated they would very much like to stay.

Newport is a rapidly emerging desirable living destination, a city and county borough in Wales, situated on the River Usk close to its confluence with the Severn Estuary, 12 mi (19 km) northeast of Cardiff. Newport is the third-largest authority with city status in Wales and has seen extensive re-generation in recent years. Excellent rail and M4 transport links to Bristol, Cardiff and London.

VIRTUAL TOUR

Accommodation

Accommodation via a communal hallway

Ground Floor
Flat 1 (£396 pcm)
Open plan lounge/kitchen/dining area, bedroom, shower room
Flat 2 (£300pcm)
Lounge, kitchen, shower room, bedroom with door to courtyard (sole use)

First Floor
Flat 3 (£375pcm)
Open plan lounge/kitchen, shower room, bedroom

First and second floor (Maisonette -£495pcm)
Flat 4 Kitchen/dining room, lounge, 2bedrooms, shower room

Outside:Front forecourt, rear courtyard area (Flat 2 sole use)

Council Tax Band

A

Tenancies

The property is let at £1,566 pcm (£18,792 p/a)

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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