Lot 36 - 14 St. Johns Road, Newport, NP19 8GW

  • Unconditional Online Auction Sale
  • Guide Price* : £297,000+
  • Bedrooms: 6

Addendum

Guide price reduction

Lot 36 - Six bedroom HMO

Description

ONLINE AUCTION from 25th JULY-27th JULY

A recently refurbished 6 bedroomed HMO. The ground floor of the property is comprised of a hallway, two bedrooms, and an open plan kitchen/living area. On the first floor there is a bathroom, and three bedrooms of which two contain ensuite. The attic space has also been converted to one bedroom with an ensuite.

All bedrooms are of a good size and are of modern design.

The property is partially tenanted, with rooms 1, 4, 5 and 6 occupied and achieving a total income £2,650 per a month. Once fully tenanted it is anticipated that the property will achieve approximately £3,950 per month. Based on our guide price this provides a yield of 13.7%

Location
Located a short distance from Newport city centre, this property is situated in the desirable area of Beechwood. Located a 2 minute walk to Chepstow Road, one of the main thoroughfares into the city centre and local bus stops this property is ideal for commuters. Additionally, the property is approximately a 10 minute drive to the bus station and train station which provides links to Bristol, Cardiff and London. Due to its close proximity to the Royal Gwent Hospital, HM Passport office and The Celtic Manor Hotel this property may be suitable for young professionals.

Services
The property benefits from gas, water and electric (not tested).

VAT
We have been advised that VAT is not applicable to this sale.

Council Tax Band

E

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Floor Room 1 not accessed
Room 2 157.47 14.63
Kitchen 255.10 23.7
First Floor Room 3 with Ensuite
Room 90.41 8.4
Ensuite 12.59 1.17
Room 4 154.46 14.35
Room 5 with Ensuite
Room 188.15 17.48
Ensuite 49.08 4.56
WC
Second Floor Room 6 with Ensuite
Room 233.14 21.66
Ensuite 56.94 5.29

Tenancy

Tenant Tenancy Type Start Date / End Date Tenancy Term Rental Amount
Room 1 AST 24th May 2023/23rd Oct 2023 6 months £600 pcm
Room 2 Vacant Vacant Vacant Vacant
Room 3 Vacant Vacant Vacant Vacant
Room 4 AST 2nd May 2023/1st Nov 2023 6 months £600 pcm
Room 5 AST 27th May 2023/26th Nov 2023 6 months £750 pcm
Room 6 AST 26th June 2023/25th Dec 2023 6 months £700 pcm

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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Paul Fosh Auctions
01633 254044

Office Contact

Debra Bisley

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