Lot 9 - 21 Maindee Parade, Newport, Gwent, NP19 8FJ
- Unconditional Online Auction Sale
- Guide Price* : £97,000+
- Bedrooms: 3
- Bathrooms: 1
- Reception Rooms: 2
HOUSE FOR RESIDENTIAL INVESTMENT
Description
Situated in the popular and convenient area of Maindee, this three-bedroom mid-terraced house offers an excellent opportunity for investment. The property requires some modernisation and renovation but provides generous accommodation throughout and strong potential to add value.
Having been occupied by long-term tenants for the past 16 years, the property currently offers an immediate rental opportunity, with the tenants expressing a keen interest to remain in residence.
The accommodation comprises two reception rooms, a kitchen and bathroom to the ground floor, with three well-proportioned bedrooms to the first floor. The property also benefits from gas central heating, partial double glazing and a good-sized enclosed garden to the rear.
Maindee is a well-established residential area offering a wide range of local shops, amenities and schools, with Newport city centre approximately one mile away providing additional shopping, leisure and transport facilities including Newport Railway Station. The nearby Chepstow Road offers convenient access to the M4 motorway at Junction 24, making this an ideal location for commuters to Cardiff, Bristol and beyond.
Accommodation
Ground Floor - Entrance hallway, living room, dining room, kitchen, bathroom
First Floor - Landing, 3-bedrooms
Outside - Forecourt, enclosed rear garden
Tenancy Details
To be sold subject to an occupational tenancy agreement at £675 per calendar month (£8,100 per annum)
Tenure
Tenure is advised as Freehold
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. 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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