Lot 38 - 49 Forsythia Close, Risca, Newport, NP11 6PH

  • Unconditional Online Auction Sale
  • Guide Price* : £68,000+
  • Bedrooms: 4

Lot 38 - House for Investment

Description

ONLINE AUCTION from 20th JUNE-22nd JUNE

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 city centre, walking distance to 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 a month.

Please note that the current vendor served the tenants notice on the 30th of May.

Accommodation

Please Note: The property has not been inspected by Paul Fosh Auction. We believe the property to comprise:
Ground Floor: Kitchen/dining room, living room, bathroom
First Floor: 3/4 bedrooms
Outside: Front and rear gardens

Council Tax Band

B

Tenancies

The current vendor served notice on the tenants on the 30th May 2023.

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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