Lot 1 - 70 Jones Street, Newport, NP20 4GL

  • Unconditional Online Auction Sale
  • Guide Price* : £100,000+
  • Bedrooms: 2

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Lot 1 - Property for Investment

Description

ONLINE AUCTION on 13th MARCH

A two bedroom mid terrace property situated close to Newport city centre and ideal for renovation or for buy to let.

The property has been let for numerous years and has enjoyed a good occupancy level. Typically properties in good order in the area can achieve in the region of £750 pcm.

The property would benefit from updating but offers lounge/diner and kitchen to the ground floor, to the first floor there are two bedrooms and bathroom. The first floor would benefit from some reconfiguration. Further benefits include gas central heating (not tested) and double glazed windows.

The property is situated in Baneswell which is a short distance to Newport city centre which offers various shops, bars and restaurants. The property offers great access to road and rail links with the M4 being around a 10 minutes drive away and the train station around a 10 minute walk.

VIRTUAL TOUR

Accommodation

Ground Floor: Lounge/diner, kitchen
First Floor: 2 bedrooms, bathroom
Outside: Rear garden

Council Tax Band

C

Tenancies

To be sold with vacant possession
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 rhys@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 £975) 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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Paul Fosh Auctions
01633 254044

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70 Jones Street, Newport, NP20 4GL

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