Lot 4 - 98 Risca Road, Cross Keys, Newport, Gwent, NP11 7DH
- Unconditional Online Auction Sale
- Guide Price* : £74,000+
- Bedrooms: 2
- Bathrooms: 1
- Reception Rooms: 1
FIRST FLOOR APARTMENT FOR INVESTMENT
Description
Situated in the popular residential area of Cross Keys, this spacious first floor apartment offers generous accommodation throughout and presents an excellent opportunity for investors.
The property briefly comprises of a welcoming entrance hallway, a bright and well-proportioned living room, a fitted kitchen, two good-sized double bedrooms, a bathroom, and a separate WC. The layout provides comfortable and practical living space with excellent potential for modernisation or continued rental use. The property benefits from double glazed windows and gas central heating via a combination boiler.
Further benefits include two private storage areas accessed from the communal parts of the building, offering valuable additional space. To the rear, there is a brick-built shed along with a garden area, ideal for outdoor seating. A secure bin store is conveniently located to the side of the building. On-street parking is available to residents, with lane access to the rear of the property which we are informed has the option of off-road parking.
Conveniently positioned for local amenities, college, and transport links, the property offers strong appeal to investors within this established and sought after location.
Accommodation
Ground Floor - Communal entrance hallway
First Floor - Entrance hallway, kitchen, bathroom, WC, living room, two double bedrooms
Outside - Secure bin-store to side of building, rear garden area, brick-built storage shed.
Tenancy Details
To be sold subject to an occupational contract at £500 per calendar month.
Tenure
Tenure is advised leasehold - lease information to follow.
Auction Fees And Additional Costs
The purchaser will be charged a buyers premium of 1.20% of the sale price with a minimum fee of £1,195 inc. VAT
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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