Lot 25 - 49 Forsythia Close, Risca, Newport, NP11 6PH

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

Lot 25 - House for Investment

Description

ONLINE AUCTION from 25th JULY - 25th JULY

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.

Accommodation

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

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 1.5% of the purchase price (subject to a minimum of £1,500) 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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Bidding History 8 Bids
User Amount Date
Bidder 5 £72,000 27/07/23 16:50:17
Bidder 1 £71,000 27/07/23 16:23:16
Bidder 4 £70,000 27/07/23 16:09:52
Bidder 1 £69,000 27/07/23 14:57:52
Bidder 3 £68,000 27/07/23 14:41:14
Bidder 1 £66,000 27/07/23 11:39:11
Bidder 2 £64,000 27/07/23 09:24:31
Bidder 1 £62,000 26/07/23 16:55:00

Viewing Information

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Paul Fosh Auctions
01633 254044

Office Contact

Debra Bisley

Documents

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Auction Finance

As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.

If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.

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